Public-liability insurance is one of the types of insurances. This provides protection from any third party claims which are made against the business. If claims are made by third parties, and if employees, sub contractors, directors and owners are held accountable for any injury or damage caused to third party or their properties, then these claims are covered by public-liability insurance.
In the same way it provides coverage to the builders and contractors as well. Construction business is the business, in which there are most hazardous jobs. Though the proper measurements have been taken, sometimes there is a chance for something to go wrong. It is necessary for builders and contractors to have the public-liability insurance before they start the work. Always there is a chance that accidents may happen on the work site. Suppose an accident occurred because of the fault of builder or employee of builder, like using low quality materials, then builder would be liable to claims which is made by the injured party.
In such cases public-liability insurance will help the builder to cover such claims which are made against the builder related to work. So builder or contractor can be protected by this insurance from claims which are made by third parties. But builder or contractor should take enough measures to prevent the accidents and hazards, though he or she has insurance coverage.
Builder or contractor should be careful before taking an insurance policy. The insurance policy which is chosen should be suitable for their requirements and it should protect them.