Although liability insurance is not enforced by law in Ireland, it is of great benefit to have. Also, more and more clients of tradesmen are insisting that the tradesman is covered with liability insurance. For one it helps protect you financially against any potential claims that are made against you. If you do not have liability insurance and a claim is made against you, there is a high possibility that you could lose everything financially and business wise. Also, if you want to join a trade organisations or bodies, such as the RGII, ECSSA, SEAI, RECI, etc., you are required to have liability insurance.
When you are going about getting liability insurance, there are a number factors that come into play when your premium is generated. These include: Your occupation (plumber, builder, painter, plasterer, etc.), your annual company turnover, the number of employees you have and their annual salaries. These are just some of the bits of information that you will need to supply