soft-drinks-supply

by Manitoba Historical Maps

Understand the dangerous risks inherent in insurance

There are a number of very important concepts that you must understand when purchasing insurance. If these aspects of insurance are ignored, YOU will not simply be wasting your money; you will be exposing yourself to even greater risk.

First and foremost, the greatest danger by far is not taking out any insurance at all.

The rule of thumb is that if you can easily afford to replace an item of property, then insurance is unnecessary. It is however where the cost of replacing a property item such as a motor vehicle is massive, that insurance becomes critical for most consumers.

Insurance is primarily a risk sharing contractual relationship between the insurer and the insured. The insurance relationship assumes that the contractual partners manage the risk by taking all reasonable precautions to protect the insured property against loss.

For example, if you don’t keep your motor vehicle in good repair, such as having worn tires, the insurer will be entitled to refute a claim on the basis that you contributed to the loss in the event of a car accident. Another example would be having an accident while driving under the influence of alcohol or drugs.

The next problem is when consumers do not insure their property adequately and end up being under-insured.

The danger here is that at claim time when the value that is insured is less than the value of the loss experienced. Should you be found to be under-insured, the insurer will apply a formula that will reduce the amount paid out in the case of a claim by the percentage that you are underinsured.

There are many ways to save money on insurance premiums without cutting corners. The few cents you save today could cost you thousands of Rands in the future.

Another aspect of your insurance policy is the amount of risk you carry in terms of the excess payable in the event of a claim. The greater the excess, the more risk you carry.

Another common problem is not checking that your policy premium has been paid. The fact that the debit did not go through at the end of the month on your bank account, because of some unrelated reason, is not the problem of the insurer, it is YOUR problem. Although a short grace period is normal, most policies will lapse after this grace period and insurers will decline to pay claims filed after this.

Another issue is the timeframe you have in which to file claims. Most insurance policies insist that claims are filed very soon after an accident or loss, at least within a month. For example, in some cases such as with insurance on heavy haulage trucks, the claim has to be filed within 24-48 hours. This is so that the insurer can attempt to minimize the loss by instituting own recovery processes and deploying recovery experts.

A neglected aspect is the fact that most insurance claims require that you report a loss in the event of criminal acts to the police. Without a police report, most insurers will not pay out.

And talking of criminal acts, don’t dare make the mistake of lodging a fraudulent claim, you will be found out.

Insurers are very experienced in investigating insurance claims and sifting out the legitimate from the fraud. Not only will you end up with a criminal record, your ability to purchase insurance in future will be severely restricted if not impossible.

Don’t make the mistake of not understanding the terms of your policy. Although, you should insist on the terms and conditions being explained to you, the insurer has no further obligation in this regard. And you must understand the policy before signing on the dotted line.

Incredibly important here are terms that people often overlook. An example is when the policy requires a burglar alarm in working order and switched on. Neglecting these conditions would make for an extremely unpleasant surprise in the event of an insurance claim. Make sure that you comply with all the conditions of your insurance policy.

A regular review of your insurance is essential. This is very important if you are making changes to your lifestyle such as buying a new home, moving home, changing careers or getting divorced.

Couples staying together will need to make sure their joint assets are properly insured.

Ask in whose name the insurance policy has been issued? Whether people are cohabiting or sharing a house, it is important that the policy is issued in the joint names of the partners, or at least that the interest of the partners is acknowledged on the policy document. This must not be confused with the standard contract wordings whereby most family members are included on the insured’s policy, because this assumes a marriage contract or a civil union.

When it comes to the issue of underinsurance a partner’s additional contents in the household will obviously increase the joint value of the assets significantly. The sums insured on the policy must be adjusted to avoid reducing claims payments due to underinsurance.

Consider the question of ‘insurable interest’. This may have implications in the event of an insurance claim, even if the level of cover is adequate. Establish and agree on the extent of the insurance company’s liability.

Consumers should take cognizance of any possible increase in risk created by the arrival of additional household contents; examples include expensive jewellery, firearms, or artworks.

Many of the above issues and more may be affected by the principles of disclosure. It is the duty of the insured to disclose material information to the insurance underwriter to allow the risk to be assessed correctly.

“While insurers are generally relaxed in issuing policies in joint names, it remains the duty of the client to disclose this change in the risk profile, and to ensure cover is increased adequately.

Many of the above problems could be avoided if full honest disclosure is made from the beginning.

Many negative perceptions about insurance stem from disappointments at claim stage, because consumers were less than candid about their insurance requirements with their broker.

Sure there are instances where brokers and insurers can be held liable for not acting professionally and fairly, and we are lucky to have consumer protection institutions in South Africa such as the FAIS and Short Term Ombudsmen, but non-disclosure of material facts that could influence the purchase of the insurance product are the main reason why insurers do refute claims.

Not insured, or not sure if you are insured correctly? Then get an insurance quote now.

by Eversheds LLP

Understanding Employers Liability Insurance Law

There are different employers liability insurance law from state to state. There is no one general set of laws that mandate particulars like employers insurance law across the United States. Workers compensation is actually closely related to this kind of liability insurance law for employers. There are different online sources that can teach you about the liability insurance law for employers that help the business owners avoid lawsuits on workers compensation. The tendency is a bigger state would have more complex liability insurance for employers just like New York. The professionals like Eliot Spitzer and Mario Cuomo both understand New York’s liability insurance law for employers in great detail.

They would have studied this more to gain expertise in the employers liability insurance law in New York as they are lawyers within the state. It would be more of an expectation from an insurance commissioner that they have a wide understanding of this particular law because if they don’t, then then should not have been an insurance commissioner for their state in the first place. Those small business owners would of course need a legal counsel so that they could understand completely what this liability insurance law for employers in their state actually says. It won’t make sense for the owner to focus on two things: the insurance law and the growth of his company. It is easy to follow the insurance law to the brim but there will still be some misses of the key facts involved with the employment of the people and the needs of the existing employees. There will be a high possibility of bulk amounts of lawsuits for the company if the owners neglect the liability insurance law for their state.

There are trial lawyers available to focus on unsuspecting owners who do not fully comprehend the employers liability insurance law as well as they should in the first place. There are some people who would just sue an employer who was faithful to the insurance law and does not violate the employees’ rights. It really tells something about the people in the world and the great lengths they would do beyond comprehension. There are even non-profit organizations like Best Buddies who are potentially getting sued over this liability insurance law. These lawsuits all over the place have to greatly threaten the profit sector of the economy.

by familymwr

Do You Have Enough Army Kit Insurance?

Oliver, a 23-year-old soldier was outraged when he realized how much he would have to part with in order to replace kit that had been damaged during routine training exercises.  “There was no way I could afford to replace the army kit and feed my family”.  Luckily, Oliver had extensive army kit insurance.

When you are out in the field, the last thing you want to worry about is the cost of replacing costly army kit.  Insurance companies are starting to understand the value of a comprehensive insurance plan for soldiers and military personnel who are forced to sign for responsibility for costly equipment they cannot afford to replace.  This is where a good insurance plan can give immense peace of mind.

Standard issue army kits around the world

There are some common elements to the different army kits around the world; they are all a mixture of costly equipment to keep you safe.  Weapons, bulletproof clothing and even survival basics are all items that can be an expensive ordeal to replace. 

Standard issue army kits can cost hundreds or even thousands of dollars and considering the high-risk situations you might find yourself in, it can be exceptionally difficult to go your entire army career without having to replace various items in your army kit.  Insurance is often seen as an optional extra, but in truth, the potential long run savings outweigh the small monthly costs to keep your army insurance up to date. 

There are many other kinds of insurance plans that are essential for a soldier on active duty.  There is little argument about the importance of a good life insurance plan.  Because of the high risk factor in general army life, you will need an insurance plan that pays out generously.  You will need to work out your monthly budget carefully before adding any extra insurance to your expenses.  Once you have calculated what you can comfortably afford, make an appointment for a free consultation with a reputable insurance company.

Insurance scams are rife, and nothing can be worse than forking out a substantial sum every month, only to find that due to small print, there is little or no real coverage when you need it most. Spot insurance scams by paying careful attention to the attitude of the insurance agent.  If you are feeling great pressure to sign off quickly, it’s likely that something is amiss. 

About Abacus insurance:

Abacus insurance has been providing comprehensive military kit insurance since 1988.  We take military insurance seriously and aim to provide the best military kit insurance, and military life insurance plans to suit your needs.  If you have any needs specific to army insurance, abacus has you covered!  It was thanks to the comprehensive insurance plan from Abacus; Oliver was able to replace his army kit immediately.

You are a good husband, father and son to the different people in your life, it’s time to be a good soldier and organize a comprehensive army kit insurance plan for yourself.

Related Army Kit Articles

Importance of Professional Indemnity Insurance for Freelance Contractors

f you are working as a freelance contractor, you must have a Professional Indemnity Insurance cover to meet your legal errands and obligations. Nowadays, you may have noticed that your clients are insisting on proof of your Professional Indemnity insurance before going on with their contract. Whether you work from home, overseas or clients’ place, you need to insure your business and protect yourself with Professional Indemnity Insurance.

Being a freelance contractor, you carry certain responsibilities towards your customers. At times your mistakes can become a pricey issue for them. Clients will have a legal cure and can seek justice for their financial loss. But professional indemnity insurance offers you the liberty in your profession, in any case of whether your client’s claim is small or big. Professional indemnity insurance guards you against your legal liability for losses bared by your clients as a consequence of your negligent guidance.

However PI insurance is legally essential in certain vocations, such as law, accountancy & financial services. It is universal in other areas such as management and computer consultancy, publishing, engineering and design. One of the important aspects to understand is that the professional indemnity insurance does not offer the policy for an indefinite period of time or for an indefinite amount. It just like any other cover, the policy will function only for a specific period which is evidently set in the terms and conditions of the agreement. Furthermore, it provides cover only under a prescribed amount which is again decided at the time of the agreement. These days’ newer and newer jobs are being born out of the changing lifestyles and value systems of people. Hence professional indemnity insurance has become a necessity for most of the business. Also there are extensive arrays of insurance products completely catering to the wants of freelance contractors. Also you can get on the spot online insurance quotes, purchase policy and even download policy certificate within few minutes, from the comforts of your home. Therefore if you are protected with professional indemnity insurance for your freelance contract business now, you need not worry about defending the claims of the past made against you or the future damages that may arise.

Article Resource:-

http://www.freelanceinsure.co.uk/articles/PI-insurance-for-contractors.php

know more about Professional Indemnity Insurance :-

Professional Indemnity Insurance|Professional indemnity

Related Professional Indemnity Articles

Motor Trade Insurance

Anybody who works with vehicles, or sells or deals vehicles, will need motor trade insurance. Motor trade insurance policies tend to cover the driver, not the vehicle, giving the driver greater flexibility and freedom when doing test drives, demonstrations, and moving vehicles on the road and within trading premises.

The first thing an insurer is likely to ask is what type of vehicles you are working with – for example, are they private cars, commercial vehicles, or HGVs?  And next, what is the nature of your business, are you involved in selling / dealing vehicles, or in their maintenance, service and repair? It is very important to have a clear picture of your business to give to potential insurers, to make sure you get quotes covering all necessary aspects of your business.

There are various types of policies that a motor trader can opt for. Some cover road risks only; i.e. risks when actually driving the vehicles, and others offer broader coverage.

If you are in the business of vehicle sales, you will need cover that allows you to test drive and demonstrate a number of different vehicles, as well as collect and deliver them, take them to the workshop for repairs if necessary, etc. usually, this is called a ‘road risks’ policy.

There are different levels of cover, from Third Party only – which is the minimum legal requirement and doesn’t cover you in case of fire or theft – to Comprehensive, which has a much broader level of cover for your and other people’s vehicles.  Insurers will require quite detailed information about the vehicles registered to you or in your care as part of your business, so check with them how this information is submitted and maintained – you want an easy to use and accessible system.

You should also check whether a policy covers+ Social, Domestic and Pleasure use too (referred to as SD&P by those in the know). If it does, that means you can use your vehicles for driving to and from work, for example, as well as in the course of operating your business.  Including SD&P may raise your premium, so think carefully about how you will use your business vehicles.

If you are operating in a showroom, forecourt or garage you must consider premises insurance, which protects your property in case of damage, or theft of, or damage to, the contents of that property, such as machinery, tools, money and personal items.

Finally, there is liability insurance, which goes beyond simply covering damage to or loss of vehicles and property, but also protects you against liability to customers and staff in case or injury or legal grievance.

The law says that if you employ any staff at all, you must have Employer’s Liability Insurance to protect you from compensation claims, should your staff be injured at work. Public Liability Insurance is not required by law, but is strongly recommended as it protects you in case someone is injured on your premises and decides to sue you. And Product Liability Insurance will protect you if a vehicle or part you provide later turns out to be faulty, and causes damage or injury.

Some specialist insurers may offer packages that combine road risks, premises and liability insurance, which are specifically designed for motor traders. It is definitely worthwhile finding out who the best specialist insurers are, and talking through your individual needs with them.

More Motor Trade Insurance Articles

What’s a Professional Indemnity Insurance (PI Insurance)?

Having a stable job just isn’t good enough now days. Financial stability comes by building an enterprise. Most people usually set up businesses relevant to their field of expertise, for obvious reasons. One, you can start the business on a part-time basis. You can set your own time and be your own boss. Two, you’re already an expert. It will be easy for you to plan and outline the business.

But being an expert doesn’t assure you will not make mistakes. To protect yourself from complaints for these kinds of mistakes, you should be insured. A perfect insurance for you’ll be the “Professional Indemnity Insurance” also called indemnity insurance, PI insurance or Professional Liability Insurance.

What’s a Professional Indemnity Insurance (PI Insurance)?
This sort of insurance covers you along with your enterprise in opposition to possible losses incurred or might be incurring for companies you had / have supplied to dissatisfied clients for the reason that of negligence for instance unsatisfactory service you or your workers have supplied that causes the clients’ loss, either physically or financially1, infringement of intellectual property including copyrights, damage or loss of information of your clients, or thefts you produced or by one of one’s employees2.

How will I and my organization be covered?
Professional Indemnity Insurance will cover all the costs incurred from the lawsuits filed against you by your consumer as well as, covers the expenses you will incur even whenever you lose.

Professional Indemnity Insurance insures will also provide claims paid to the customers before it results to lawsuits. Prevention is still the key.

Who’re permitted Professional Indemnity Insurance?
Service-related business professionals like architects, engineers, accountants, financial consultants, private / investment bankers, web site designers, marketers, graphic artists, writers, doctors, medical / healthcare professionals, etc. (businesses supplying consultancy, contracting, and transport) could acquire Professional Indemnity Insurance.

What can you get from Professional Indemnity Insurance?
Companies are covered in opposition to lawsuits and losses incurred as a result of the lawsuits or negligence by you or your employees. That is far more advantageous for businesses that have several staff or jobs that you simply cannot keep track of on a daily foundation.
You are covered even following you have currently offered the service to your customers for numerous years.

Keep in mind that Professional Indemnity Insurance normally covers on the “claims-made basis”. This means, you are only insured as long since the policy exists. Arrange together with your insurer to cover new claims upon your retirement or closing of the company.

In the occasion of changing insurer, you could possibly ask your previous insurer to prepare for new claims for prior service (a run-off) or ask your new insurer if they agree to cover that for you (retroactive)2.

How to defend myself from lawsuits or from requiring Professional Indemnity Insurance?
Make a in depth agreement of your companies. Outline the duties and duties you’ll do for your customer and their insurance protection, should really there be any. Disclose all of the achievable issues you’ll meet. Explain every thing your customer needs to know before rendering the service.
Keep a great filing system and make certain everything is well-documented3. Every thing you do need to be organized and kept someplace secure.
Be transparent especially together with your clients. Documents must be introduced to the customer and be certain to perform on complaints as quickly since it arises.

Can anyone help me find Professional Indemnity Insurance Provider?
Have a look for a Professional Broker, focusing on Professional Indemnity Insurance, locally.
Discuss with your insurance broker should they offer these kinds of services.
Check with the government agency that deals with registrations and permits of businesses. They generally have lists of insurance vendors and agencies that give PI insurance.
You may also search online and browse for PI insurance agencies in the area, and request quotes for PI insurance.

How much does a Professional Indemnity Insurance cost?
It depends on your coverage (minimum or maximum amount insurance plan). The insurance costs will probably be around 0.5% – 1% of the coverage.

Find More Professional Indemnity Articles

by gregwake

Compare Van Insurance UK – How To Obtain One

Several UK van owners utilize their van as a simple form of transport however for some, it is more than that. Businesses that have to drop or pick up items to and from an assortment of areas use their vans more regularly and owing to this, they want a van insurance Uk also. Moving goods from one place to another requires a vehicle which will meet the needs of the job and owing to the nature of this business, oftentimes, a van insurance for a vehicle which is utilised commercially is charged with premiums that are somewhat greater as well as dearer than those of normal private car insurance. This is primarily on account of the high risk that it entails in terms of the products that are within the van that are moved from one site to the next.

The probabilities of experiencing accidents while transporting goods from one area the next are high. Wrecked items because of unexpected impact or delayed transport because of some engine fault, name it, and almost definitely, such unlucky events have before now befallen on most businesses that transport goods.

While we’ll understand the reasons of delay and other tribulations which have been encountered along the way, the driver nevertheless must be paid for the time that he has rendered and the products that were intended to be delivered in good condition are still going to be shipped anew. Totaling all that up, you will find that the bill gets longer by the minute since you must add the cost of repair of the vehicle and plenty of other things that, possibly, a straightforward bump, has caused. These are the determinants for the higher premiums for van insurance in the UK. As a result of steep costs related to accidents involving commercial vans, company proprietors must place priority in the subscription of insurance coverage for their vans.

Van insurance is without doubt one of the most important components that could bring on the success or failure of a business inside the UK. It is also a major factor within the financial or emotional comfort and convenience for any person or family who owns a van. Be it for business or private use, a van must be insured to make sure that every thing is covered when things do not go as planned. To acquire the kind of service that you need, it is crucial that all insurance suppliers are going to be correctly checked and evaluated to ensure that you’ll get an insurance policy that won’t just look after you from any severe misfortune, but ensure that you obtain the appropriate protection that you deserve at the best price.

There is one warning, though, that it would be best to consider when searching for a van insurance company. UK dealers might offer the lowest charges, however that does not signify that the policy is what you are looking for. Owning the most appropriate protection is far more important than saving a couple of pounds, and this is certainly especially true if you’re in search of commercial van insurance UK.

Related Van Insurance UK Articles

by familymwr

Army Kit and Military Insurance

Abacus have been providing first class Army Kit Insurance for serving personnel for many years and we know what it takes to give the right kit insurance to each individual soldier.

 When you get your kit you will be responsible for it. You will have to make sure that it is never lost or damaged or you could be forced to pay thousands in costs. This is why you need an excellent deal on your Army Kit Insurance and why you can trust Abacus to provide it to you.

 Some of the key benefits that you will discover when you take out kit insurance with us are:

1)        1.         A great piece of mind as you will be able to concentrate on the job at hand and not worry about expenses. This can make you more focused and allow you to be safer and more secure in your daily activities when out in the field. This is one of the major benefits that choosing Abacus to provide your army kit insurance provides.

2)        2.         The coverage for our kit insurance policies means that you will be covered wherever you are in the world. No matter where you get deployed or when, the coverage of all your kit is taken care of.

3)        3.         You can get accidental coverage options to cover you if any accidents happen in your living quarters or other accommodation.  There is no need to worry if an accident occurs, your kit insurance will cover it. We can also provide cover for your household contents, so you are truly covered for all aspects of your living arrangements.

4)        4.         The option of 3rd party coverage means that under your army kit insurance policy, if anything happens to somebody else or their property then you will not have bills to face or liability claims to deal with. Abacus will be able to deal with all aspects of 3rd party coverage details.

5)        5.         Your kit insurance can include some specific items. These could be things like money, credit cards or your bicycle. We will provide coverage so that if anything happens you will be able to recover quickly.

6)        6.         We will pay to replace any item of your kit that is lost wherever you are in the world and we will also pay to replace each and every item that is damaged in your kit. Wherever you are in the world Abacus can provide excellent coverage for all your kit needs, all of which are covered under our army kit insurance policies.

7)        7.         The payment is monthly and there are no fees to set up. The army kit insurance works for you as and when you need it, and we will always be there to lend a helping hand.

There are many reasons why you should trust Abacus when it comes to buying kit insurance. We have dedicated professionals located near each and every base and they are always friendly and understanding to the needs of serving members of the armed forces. There are also 24/7 dedicated support help-lines, so you will be able to get advice when and as you need it. Choosing Abacus to provide your army kit insurance army kit insurance is one of the best decisions you can make, we look after all of our customers and we give the best level of service possible, so you can live your life and not worry about the expense of serving your country.

Quick review of a great mess kit
Video Rating: 4 / 5

Employers’ Liability Insurance: The Essentials

Employers in Britain are legally responsible for the health and safety of their employees whilst they are at work. Employers’ liability insurance protects employers against any claims for compensation that employees, or former employees, may make if they are injured or become ill as a result of their work.

The Employers’ Liability (Compulsory Insurance) Act 1969 states that employers must have a minimum level of insurance in place which protects employers against employee claims for compensation.

Employers’ liability insurance is the type of policy which employers should have in place to protect themselves and the wellbeing of their employees. Employers’ liability insurance covers the cost of compensation for any employee injury or illness, regardless of whether this occurs on site or off site.

Employers’ liability insurance is mandatory in Great Britain and organisations can be fined up to £2500 for any day on which a policy is not in place. A fine of up to £1000 can also be enforced if a business fails to display their certificate of insurance. It is therefore essential to have employers’ liability insurance in place but it is also important to display the certificate of insurance in the workplace, in a location where all employees can view it.

In October 2008 it became possible to display employers’ liability insurance certificates electronically. Employers simply need to ensure all employees know how to view the certificate and have easy access to it.

It may not be necessary for organisations with no employees, a family run business or a public organisation, such as a government department, to have employers’ liability insurance.

It is also not necessary to have employers’ liability insurance for any employees based abroad though you should check insurance requirements for the country in which employees are based. If your business is part of a group, a policy for employers’ liability insurance can be taken out for the group as a whole.

When it comes to level of cover, businesses must be insured for at least £5 million though in practice most insurers offer cover of at least £10 million. When deciding on the level of cover you need, consider the risks and liabilities relevant to your organisation.

When arranging employers’ liability insurance, make sure you use an authorised insurer as it is illegal to do otherwise. Authorised insurers are individuals or companies working under the terms of the Financial Services and Markets Act 2000. In Britain, the Financial Services Authority (FSA) maintains a register of authorised insurers so you can easily check your insurer is authorised by searching this register.

To avoid making a claim on your employers’ liability insurance policy, take as many measures as possible to protect the health and safety of employees. Carry out regular risk assessments and take all reasonably practicable measures to protect employees and report any incidents that occur.

The author of this article is a part of a digital blogging team who work with brands like Gladiator Insurance. The content contained in this article is for information purposes only and should not be used to make any financial decisions.

More Employers Liability Insurance Articles

by Luke Redmond

Public Liability Insurance

If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing, perhaps wall papering or wardrobe installations), you’ll need comprehensive public liability insurance for tradesmen. You will need to find an industry leader in providing cheap public liability insurance and business insurance specifically for tradies.

From just .77 per month (paid monthly for your convenience), it’s around the cost of a carton of beer, and an investment that’s worth million dollars in peace of mind against public liability claims.  While tradesmen’s public liability insurance cover for million is common, today more and more tradesmen are opting for million public liability cover.

The importance of maintaining adequate Tradesman public liability insurance cannot be underestimated. Imagine the consequences if someone was injured through an incident or accident caused by you or one of your team. Without tradesmen’s public liability insurance they could sue you for thousands or millions of dollars. You could lose your business or your home.

Your insurance representatives will be only too happy to assist you with public liability insurance quote/quotes.  Search the internet to get public liability insurance online quote or speak to an insurance consultant directly. Cheap public liability insurance isn’t a ‘sell’, it’s a reality. In fact, you can get tradesman liability insurance for around the cost of a carton of beer per month.

It is essential that you read the Product Disclosure Statement when seeking a public liability insurance quote. The PDS covers all aspects of Tradesman public liability insurance package including the important issue of inclusions and exclusions. For example, some business insurance package inclusions don’t apply to some trades and you need to know what’s included in your cover or rather and importantly, what’s not covered.  

When arranging Tradesman public liability insurance, it’s essential that the paperwork is right so that tradesmen don’t run the risk of being under insured or worse – uninsured. While cheap public liability insurance is the goal and reality, be mindful that there are a number of situations that may exclude tradies from a tradies insurance package.

If you are in a trade occupation that involves work in an underground mine or with high voltage power supply or on an airport tarmac you will need to disclose this at the time of requesting your public liability insurance quote/quotes. If your occupation or workplace is listed on a restricted locations exclusion list, this needs to be listed on the application paperwork for Tradesman public liability insurance.
Make sure you find an insurance company that is committed to assisting tradies with the best business insurance cover possible and at affordable prices. They will let you know all the details about the right public liability insurance, Australia policies and we’ll ensure you will obtain the best public liability insurance premium cost.

Call your insurance consultant today for more information and to arrange quotes for public liability insurance, tools insurance, business insurance, commercial vehicle insurance as well as illness & injury insurance (formerly known as income protection insurance).
Always refer to your Product Disclosure Statement.

If you’re a tradesman on a jobsite and someone is accidentally electrocuted or they trip over your gear and sustain an injury, there are two things you need:

1) Public liability insurance; and
2) Enough public liability insurance cover for the full extent of the claims made against you.

All tradesmen and sub-contractors on a jobsite need to carry public liability insurance to protect themselves against professional and personal financial ruin.  

While the industry minimum standard for public liability insurance cover is for million, there is growing demand for million public liability insurance policies.The sole purpose of tradesman’s public liability insurance is to protect the tradesman or sub-contractor against financial claims in the event of damage to a property or injury to people, other than employees, that have been caused by the tradesman or a member of the tradesman’s staff.

It is important to note that a contractor’s public liability insurance policy may not cover sub-contractors who may have been engaged for a job.  Even if the main contractor’s public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractor’s insurer may not recover the claim amount from the sub-contractor.Sub-contractors are deemed to be self-employed, and employers should always check that sub-contractors have their own current and adequate public liability insurance before allowing them to enter a job site.

When it comes to engaging labour hire workers, there are additional important issues that must be considered.  The key is to advise your public liability insurer when you engage labour hire staff so that proper provision may be made in the policy for them.If you are an electrician and you travel with your work, it is important to check that your public liability insurance complies with the requirements of your State Electrical Contractors Association as these conditions can vary from state to state.  

Search the internet to find out more about public liability insurance or to obtain an online public liability insurance quote specifically for tradesmen.Always refer to your Product Disclosure Statement for complete details.