Glaziers play an important role in enhancing the aesthetics and functionality of the varied spaces that we inhabit, contributing an artistic touch with innovative designs that also offer natural light, energy efficiency and security. As glaziers operate in a high-risk environment, with fragile materials and intricate installation processes, their valuable work is accompanied by risk.
To protect against the risks of the industry, it is essential that suitable Glaziers’ Insurance is carried. With the complexities of acquiring cover, however, it can be easy to make mistakes that may mean business owners and glazier businesses are left vulnerable. Learn more about the common mistakes to avoid for peace of mind.
The dangers of insufficient Insurance for Glaziers
As explained by the International Labour Organisation, Glazier work can be dangerous with risk of injury by sharp edges of glass sheets, sharp splinters or broken glass, risk of falls from heights, impact by strong chemicals or injury during handling of heavy items. Aside from personal injury, there is also risk of liability of injury to others or accidental property damage.
Improper cover can be detrimental, leaving you unable to receive cover when misfortune inevitably strikes and leading to financial loss. Alongside this you may also struggle to defend against legal liability or pay legal costs.
Common mistakes to avoid
1. Generic rather than tailored cover
Glazier work is composed of a range of specific risks that are not seen in generic industries. Opting for standard business insurance coverage could therefore not adequately address the unique challenges faced by glaziers and leave you exposed.
It is important to work with an Insurer who understands the intricacies of your glazing Business, the predominant materials used, and typical working environments in order to offer tailored coverage.
2. Underestimating extent of cover required
Another common error that occurs is incorrectly assuming the cover that is needed to comprehensively protect your business and settling on too little, leaving you vulnerable. As glazing projects, in particular, often involve expensive materials, a single accident could lead to a large financial loss.
Conduct a proper assessment of the potential risks and costs associated with each risk, and consider the scale of your projects as well as the value of materials involved to ensure sufficient cover.
3. Inadequate risk analysis
An inadequate assessment of the risks that your business may be exposed to can also influence your insurance cover and leave you unprotected in some areas. It is important to conduct a thorough assessment and properly understand the potential risks involved with business operations.
A reliable Insurance Broker will be able to conduct a risk assessment to ensure you receive the most suitable cover for your requirements.
4. Inadequate policy research
It is important to survey the range of policies that are available to you, and not just accept the first policy that you encounter. Research into the various limits, exclusions, deductibles and premiums to determine the most appropriate option for your needs.
A good Broker will also save you time and energy on research, presenting you with the most suitable options that are available.
5. Overlooking important policies
It is important to ensure that the insurance policies that you select are appropriate for your business, with all the essentials covered. For a Glazier business, the main policies required generally include:
- Public and Product Liability Insurance, where Liability Insurance covers against claims by a third party of injury or property damage that is related to business activities. A Product Liability policy is compulsory for all those who manufacture, import or supply goods in trade or commerce.
- Workers’ Compensation Insurance to protect yourself and any workers in the event of an accident.
- Tools Insurance, which is a necessity for anyone in the trades industry to ensure your precious tools are covered in the event that they are damaged, lost or stolen.
- Business Insurance to allow cover for your business property.
- A Commercial Motor Insurance package to cover any vehicles utilised to carry out glass installation services.
- Personal Injury & Illness Insurance to protect your income in the event that you become ill or injured and are unfit to work.
6. Not reviewing & updating coverage
As your business grows and changes, there may be new insurance considerations needed to cover new areas, or old needs may evolve to no longer be required. Carrying out-of-date cover can not only mean you are spending more on policies that are no longer useful, but you may also be left vulnerable if there are new risks that are not accounted for.
Reliable Glaziers’ Insurance with Atlantic Insurance
Atlantic Insurance is an experienced Insurer of Glazier businesses with a strong understanding of the risk landscape and the types of cover required to protect. While not every Insurer has the appetite to offer reliable Insurance for Glaziers, we are dedicated to ensuring your business is safe against risk.
Contact us to discuss your requirements today and receive an insurance quote.
Any information contained on this page of the website is general advice only and has been prepared without taking into account your objectives, financial situation or needs. Your should consider these, having regard to the appropriateness of this advice and the relevant Product Disclosure Statement (‘PDS’), Target Market Determination (‘TMD’) and Financial Services Guide (‘FSG’), which will be provided following any formal recommendation to you.
