Where do you use your mounted generator machine? If you are using it for various projects or renting it to an independent contractor, you should get public liability protection coverage included in the purchase of a vehicle mounted generator insurance policy. Here are some reasons to get the advantages of this type of protection coverage:
Protect clients and customers
Among the greatest advantages of public liability cover as part of your vehicle mounted generator insurance is that it extends protection to anyone, such as a client or customer who comes to your business and is injured while inside the premises. For example, if a potential client accidentally trips due to an obstacle or scattered object, you can be held liable for that incident. If you have the public liability protection coverage, your insurance provider will attend to this issue.
Another advantage offered by an insurance policy that includes public liability is that you are entitled to compensation for damages claims by a client, customer or any public person who files a case against your business. Your insurer will be answerable for expenses incurred; legal fees or compensation to the public while undergoing medical treatment.
Protection against negligence
Public liability is protection cover for claims of negligence filed against your business. If you are found to be at fault for an incident, you have the peace of mind that the public liability component of your vehicle mounted generator insurance policy will cover expenses of a court case filed due to your negligence.
Additional tips and warnings:
It’s unnerving for you to operate business using the vehicle mounted generator without any insurance. You are vulnerable to all types of claims that can cause you huge financial losses.
If you don’t take time to investigate your specific insurance needs, you will be alone fighting a court case and having to pay for everything like legal fees, the settlement awarded and medical expenses.
While bigger companies often have the capacity to deal with these issues through their own funds, as a small business enterprise you can’t bear the loss of all your business earnings because of the decision not to be insured. You can’t financially cope if a major expense arises due a public compensation demand.
Contact a licensed broker to help you accurately assess your risks and determine the types of protection to include in your vehicle mounted generator insurance policy.
Compare insurance quotes before making a final decision about where to buy an insurance policy.
While you still have time to investigate, take this opportunity to meet insurance providers, request proposals and negotiate a better insurance rate for your monthly premium payments.
Hire a broker to legally represent you during the final negotiation process with your chosen insurance company.
Nowadays, it’s very rare for a business to operate without the right insurance cover. If you feel there are a lot of risks involved in the use of your the vehicle mounted generator machine, such as potential dangers to the public, you need to consider buying the complete vehicle mounted generator insurance package with the public liability as part of your protection.