1. Public Liability Insurance

Definition: Public Liability Insurance is a crucial type of insurance coverage for businesses and individuals that protects them against claims of injury or property damage that they may cause to a third party (e.g., a tenant, visitor, or neighboring property) while performing their work. For tradies, this insurance is vital as it covers costs associated with accidents, negligence, or unforeseen incidents that occur on a property they are working on, safeguarding both the tradie and the property manager from potential financial losses.