Cafe Insurance

Cafes are one of the classic small businesses in Australia.

Just like any small business, there are plenty of risk involved, and it’s important to protect yourself and your business within insurance.

What insurance does a cafe need?  Public liability is certainly one of the big ones, but there is plenty more as we’ll cover in this guide.

What insurance does a cafe need?

As a minimum to open your cafe you’ll need public liability insurance.  This will almost certainly be a requirement on the lease for your new premises.

But if that’s the only insurance you take out for your cafe, you’ll be leaving yourself massively exposed.  Other insurance types a cafe owner should consider include the following:

  • Public liability
  • Glass
  • Money
  • Theft
  • Property
  • Machinery breakdown
  • Business interruption

We’ll take a look at each of these covers in a little more detail:

Public liability insurance

As already mentioned, public liability insurance is most commonly required form of cafe insurance.  The reason is that virtually any lease you sign is going to have a mandatory public liability requirement.

Whilst of the subject of leases, you will also generally find that you lease will have a requirement for glass insurance.  This covers glass windows and doors within the premises.

Money

Increasingly we’re becoming a cashless society, and many people are now tapping their credit card in exchange for a flat white rather than handing over a fiver.

But you’re probably still holding a decent amount of cash in your cafe at any given time, so it’s important to protect it.

Money cover will insure your physical cash both in the premises and potentially in transit to and from the bank depending on the policy you have.

Theft, Contents & Property

We’ve grouped these different categories together, but basically we’re talking about the physical assets within your cafe.

This could be your equipment, your tables and chairs, or anything really that you own and is stored within your premises.

You can insure these items for a range of risks including fire, flood, accidental damage, theft and more.

Policies will often have different limits for different risks, so you should discus these with your insurance broker to ensure you’re adequately protected.

Machinery breakdown

Imagine if your coffee machine went down one day?  Or if you’re offering food, a vital part of your kitchen stopped working.

What sort of impact would that have on your cafe?  Machinery breakdown insurance can protect your cafe from some of this risk associated with your equipment.

Another option here is deterioration of stock.  For example if you lose a fridge or cold room full of food, you could be down hundreds or even thousands of dollars.

Deterioration of stock insurance can protect you from this risk.

These are both covers worth discussing with your insurance broker.

Business interruption

Sometimes events totally out of your control can affect your cafe.

Imagine if a car ran into the front of your cafe and caused significant damage.  Hopefully no one was injured and you had all of the contents properly insured.

That’s all good and well, but how do you keep afloat for a few weeks or more until your cafe is ready to open again?

Business interruption insurance can protect your revenue for a period of time whilst your cafe is unable to operate.

Workers compensation

Unless you’re operating a one-person coffee cart, you’re most likely going to have employees in your cafe.

You’ll need to protect them via workers compensation insurance.  The rules for workers compensation vary slightly from state to state, so it’s best to contact the relevant authority in your state for more information.

Income protection

All of the cafe insurance types we’ve detailed above are really about protecting your business and your staff.

But what about yourself as the owner of the cafe?  What if you’re the one who suffers and injury or illness and you can’t work?

Income protection, along with life insurance and TPD insurance can provide a huge amount of protection in this area.

You’ll need to speak with a financial adviser rather than an insurance broker about these types of cover, but they are still super important for any cafe owner.

Quotes and advice

On the surface a cafe might appear to be a relatively straightforward business, but in reality each one is different and presents its own unique risks and needs.

We strongly recommend speaking with an insurance broker who can go through your needs with you to put together the right cafe insurance package.

For more information or to obtain a quote please click here.

Subcontractor Insurance Guide

As a subcontractor there are several insurance types you will require, such as public liability insurance.

We’ve put together a guide on the various forms of subcontractor insurance available, which ones are required in Australia and a closer look at each in more detail.

We also look at exactly why a subcontractor needs insurance.  After all, why pay for something if you don’t even know why you need it!

If you’re just after a public liability quote please follow the link, or read on to check out the guide.

Why Subcontractors Need Insurance

As an employee you typically have a lot of protections in place.

If something goes wrong on the worksite and you cause damage or personal injury to a third party, it will generally be your employer who is responsible financially.

If you suffer an injury yourself you’ll be protected via your employer’s workers compensation, as well as sick leave.

But as a subcontractor you lose many, or all, of these protections depending on a few factors.

So just like your employer would have had, as a subcontractor you need to take out your own insurance to protect yourself.

The two most common forms of subcontractor insurance are public liability and income protection.

Subcontractor Public Liability Insurance

This is by far the most commonly required form of business insurance for subcontractors.

Public liability insurance will respond in the event that you cause property damage or personal injury to a third party.

Public Liability Claim

Some subcontractors believe they will be covered under the insurance of the company hiring them, but this is almost always not the case.

In some cases there may be shared liability.  For example you might be a carpenter subcontracting to a builder.  There is an incident on site, and a judge finds that the builder was 60% liable because they told you to do something a certain way, and you are 40% liable because you went along with it knowing the issues.

The builder’s public liability insurance would cover their 60% of the claim and the carpenter’s public liability insurance would cover the remaining 40%.  If you didn’t have your own insurance, you would have to cover the 40% out of your own pocket.

Because of the serious financial risks involved, most company using subcontractors will require that all subbies have their own public liability insurance in place, and will not be able to work until they have provided a copy of their certificate of currency.

The cost of subcontractors public liability insurance can be very low depending on the type of work you are undertaking.

For a standard trade for example, you might be looking at just $400 a year for the minimum cover.  At the other end of the spectrum, if you’re working on a mine site or oil rig your public liability insurance cost will be in the thousands.

Subcontractor Income Protection

As we mentioned earlier, as a subcontractor you won’t have access to sick leave via an employer, and depending on your business structure you might not have access to worker’s compensation.

This leaves you in a very precarious position should you be unable to work due to an injury or illness.

Thankfully income protection insurance can look after subcontractors in this even.

Income protection can cover up to 75% of your income for a period of time whilst you’re unable to work due to illness or injury.

Some companies using subcontractors will require that all subcontractors hold their own income protection insurance, such are the risks involved.

Others forms of business insurance

Whilst public liability and income protection are the only two forms of business insurance that are typically required by a subcontractor, there are other forms of insurance worth considering.

If you are a tradie for example, as a subcontractor you’ll most likely be providing your own tools and equipment.

Your gear won’t be covered by the insurance of the company using your services, so you’ll need to insure your tools yourself.

For more information and advice about what forms of subcontractor insurance you may require, we strongly recommend speaking with a qualified insurance broker.

Licence Requirements

As a subcontractor you’ll be required to hold your own licence for certain occupations or business activities.

For example if you’re a Queensland electrician you’ll have special public liability insurance requirements.  Likewise for plumbers in Victoria who also have unique requirements.

Electrical Subcontractors Insurance

Even if the companies you are subcontracting to don’t ask to see your public liability insurance cover, keep in mind that you might still need it for your licence.

The government runs a service by the name of ABLIS which allows you to check if you need a licence for your business.  Follow the link to the Australian Business Licence and Information Service.

Using Subcontractors

What if it’s the other way around, and you’re the one using subcontractors?

In this case your own business insurance requirements don’t change greatly, but it is vital that you let your insurance company or broker know that you are using subbies.

Typically the insurer will want to know how much of your revenue is paid to subcontractors, as they see this as part of the overall risk of your business.

Rightly or wrongly, they typically consider that a company that uses a higher percentage of subcontractors will have a higher risk of claiming.

So you need to ensure you inform your insurer of your use of subcontractors, and it’s also vital to ensure that each of the subcontractors you are using also have their own insurance in place.

More Information

For more information about subcontractors insurance requirements, or to get a quote, we recommend speaking with a suitably qualified insurance broker.

Please click here to request a quote or to have a broker contact you.

Remember that as a subcontractor you are responsible for many things that weren’t your problem as an employee.  Don’t leave these risks uninsured as you could be badly exposed if anything goes wrong.

Best of luck with your subcontracting work and stay safe!

Carpenter Insurance

Carpenter Insurance

One of the most common forms of carpenter insurance is public liability.

This is the insurance that will save your back if you cause property damage or personal injury to another person.

Whilst public liability certainly isn’t the only form of business insurance a chippie should consider, it is arguably the most important.

In this guide we’ll take a detailed look at public liability insurance for carpenters.

If you’re just looking for some quotes, click the button below.

Public Liability Insurance QLD Quote

What does it cover?

Public liability insurance will protect a carpenter in the event that their negligence results in property damage or personal injury to another person.

Whether you damage someone else’s property whilst on the job, or cause injury to that person, your public liability will respond.

Your policy will generally also cover the cost of defending a claim.  For example if someone tries to sue you for negligence, even if you are eventually found to be in the right, your policy will cover your legal expenses to get that outcome.

Claim examples

When it comes to carpenters and public liability, there are small claims and there can be big claims!

Small claims typically involve property damage.  For example you might be in a client’s roof and you put your foot through the ceiling.

Public Liability Claim

The plaster repairs and painting could cost a couple of grand, which is enough to wipe out the week’s profit, but not enough to be life changing.

This type of event would be covered by public liability, saving you potentially a couple of grand.

At the other end of the scale we have the big claims, which more often involve personal injury.

An example here could be that you’ve built a deck for a house and that deck subsequently fails, resulting in serious injury or death to those on the deck.

If you are found to have been negligent in some way which contributed to the accident, you could be up for hundreds of thousands – if not millions – of dollars in damages.

Your public liability insurance policy would also respond in this case.

Public liability claims are rarely black and white, and the above examples would be subject to all sorts of issues, but it does give you an idea.

Is it mandatory for carpenters?

Unlike electricians and plumbers who typically have mandatory public liability insurance requirements for their licence, chippies do not.

Whilst the government might not have any insurance requirements for carpenters, building companies often will.

Many builders will require that all trades – including carpenters – show evidence of their public liability insurance before being allowed on site.

Evidence is generally in the form of your certificate of currency, which outlines the details of your insurance.

Regardless of whether or not you are required to hold public liability for your licence or through a building contract, it is still an incredibly important form of cover for any self-employed carpenter.

How much does it cost?

Carpentry is seen as a fairly low risk when it comes to public liability insurance, which thankfully means the cost is very low.

For the minimum $5 million cover, premiums start from around $400 per year depending on the insurer.

The cost can rise depending on a number of factors including the size of your business and any work considering high risk, or in high risk locations.

Examples of high risk locations include mine sites, airports and other similar sites.

If your trade is a carpenter but you’re really undertaking the work of a builder, you’ll need to insure yourself as such.  This will typically be a little more expensive, but it’s far more important to be properly insured in the event of a claim.

Carpentry Australia

The peak body representing carpenters in Australia is Carpentry Australia.

They recommend Trade Risk to their members for all their business insurance needs.

As the only insurance group recommended by Carpentry Australia, Trade Risk would be a great starting point for any chippie looking to sort out their insurance.

More information

To obtain further advice or quotes on carpenters insurance the best option is to speak with an insurance broker.

A broker can compare multiple quotes for you, as well as providing advice on what types of policies are best for your carpentry business.

As the only broker recommended by Carpentry Australia, we recommend getting in touch with Trade Risk.

Instant Public Liability Quotes

There was once a time when getting a quote for public liability insurance meant having to make an appointment with a local insurance broker.

Thankfully those days are well behind us!

Today there are many different ways to get quotes for public liability insurance in mere minutes, or even seconds if you can click fast enough.

There are still options though, with various ways to obtain a quote depending on your needs.

In this guide we’ll look at some of the different options as well as the pros and cons.

If you just want a quote, simply click here – online public liability quote.

Direct Insurers

The direct insurance companies are all pretty good these days with their online offerings.

When we say ‘direct insurers’ we’re talking about the types of names you’d see advertised on the TV.  Think names like NRMA, AAMI, Suncorp etc.

Direct Insurance Companies

They provide the insurance, as well as marketing it and providing all ongoing service.

Most of these insurance companies can provide small business owners with an instant quote for public liability insurance.

Pros:

  • You know who you’re dealing with.
  • Mostly big dependable brands.

Cons:

  • Only show their own quotes, so you’ll still have to spend time shopping around.
  • Their call centre support is not always suitable for small business owners, especially if your business is specialised or has more complex risks.

Insurance Brokers

Not all insurance brokers still operate in the dark ages, and some are now just as good as the big direct insurance companies when it comes to their online offerings.

By using an insurance broker with a good online system you can get the best of both worlds, with the ease of instant quotes and buying online, but with improved support from a specialist broker.

The level of online functionality can vary when using broker websites.  For example some sites can just give a quote, and you still need to call or fill out paperwork to actually buy the insurance.

But some brokers, such as Trade Risk, have the ability for users to get quotes and buy their policy online, with the documents emailed instantly!

Pros:

  • You’ll generally be dealing with more specialised staff.
  • Can you also expect more personalised service.
  • A broker will be there on your side at claim time. Not the insurer’s side…

Cons:

  • May not offer 24/7 call centres like the big direct insurers.
  • Online systems are not always as good as the direct insurers.

Comparison Websites

A growing player in the insurance market over the last decade is comparison websites.

You may have heard names like iSelect, Compare The Market, Finder.com.au etc.

These websites don’t all compare public liability insurance, but they are some of the major players in the comparison space.

Comparison websites are supposed to assist you with comparing a range of quotes from different insurance companies, then allowing you to go ahead with purchasing the policy.

One such site is BizCover.  Their site typically compares quotes from three different insurance providers, allowing you to choose the one you prefer.

Pros:

  • Compare multiple quotes from a single website.
  • May have improved call centre hours compared with insurance brokers.

Cons:

  • They don’t compare all insurers, so you still have more shopping around to do.
  • You’re generally still dealing with a call centre rather than a dedicated insurance broker.

An Important Consideration

Something very important to look out for when you’re considering which type of service to use is how the company is dealing with you.

Insurance Policy

For example when you deal direct with an insurance company, they are obviously acting for themselves.

This means in the event of a claim, they will legally be doing everything in their own interest, not your interest.

When you deal with an insurance broker, they are the opposite.  They are legally required to act in your best interests, and NOT the insurer’s interest.

This can make a big different at claim time or in the event of a dispute, as your broker’s job is to get the best outcome for you.

It can get more complicated with brokers though, especially when they have a system that enables online quotes and purchased.

In some cases they will be operating under a ‘binder’ agreement, which then means they ARE acting for the insurance provider, and not for you.

For most people none of this will matter, but it still may be worth looking into when comparing options.

With the comparison websites, generally they will always be acting for the insurer, and not for you.

This certainly doesn’t mean they don’t have your best interests at heart, but from a legal perspective, they are acting as an agent for the insurance provider and not for you.

Conclusion

As you can see there are a few different ways that you can obtain insurance quotes on public liability and other forms of business insurance.

Just like most things in business, there are plenty of pros and cons to each one, and the best option for you will depend on your own needs and preferences.

If you have a spare hour or so to spend on your public liability insurance (which you should, given how important it is) then why not try a bit of each?

It wouldn’t take a great deal of time to get a few quotes from the direct insurers, a broker or two, and a comparison website.

Then you’ll get a feel for the difference in pricing, and perhaps most importantly, which of them you feel most comfortable dealing with.

Whichever way you go, remember that public liability insurance is absolutely vital to most small businesses, so make sure you get it right.

Why Do I Need Public Liability Insurance?

If you run a small business, or a big business for that matter, you’ve probably been told you need public liability insurance.

But why?  Why do you need it?

Depending on the size of your business, the cost of your public liability insurance could be anywhere from $400 a year to $40,000 a year – or more!

So it’s important to know why you need to have it.

Who Needs It?

First up let’s look at who needs this form of insurance.

Anyone who is self-employed or owns a business will most likely have a need for public liability.  This could include any of the following:

  • Sole trader
  • Partnership
  • Contractor
  • Subcontractor
  • Pty Ltd Company

So virtually any type of business where you’re not directly employed by someone else.

This includes anyone from a sole trader handyman startup through to a nation-wide company turning over millions of dollars per year.

Whilst many businesses need public liability to protect themselves and their owners, for some businesses it is a mandatory requirement.

For example electrical contractors in Qld must hold a minimum of $5 million public liability in order to maintain their licence.  Without their licence, they cannot trade.

This is a government regulation, and there are many others in other states and for other industries.

Aside from government regulation, some companies have their own regulations for other businesses that they contract or subcontract work out to.

For example tradies undertaking subcontracting work for builders will often find that the builder requires all subcontractors on site to have their own public liability.

Or if you’re operating as a handyman doing property maintenance for real estate agencies, often the agencies will require that you provide evidence of your public liability insurance.

This is a good thing, as it protects you and your clients in the event that something goes wrong on the job.

What Does It Cover?

Now that we know who needs public liability, we need to know what it actually covers.

The policy is intended to respond in the event that your negligence results in property damage or personal injury to a third party.

In plain English, this basically means that you’ve stuffed up and someone else has been injured or had their property damaged.

Public Liability Claim

An example of a claim could be where you’re working in a client’s roof, and you take a misstep, putting your foot through the ceiling.

The policy would cover the cost of repairing and repainting the ceiling.  This would be considered a minor claim, but could still climb well into the thousands.

A more serious claim would generally involve personal injury.  An example could be where you’ve left materials in a walkway without any signage, and a member of the public has tripped over and suffered an injury.

If it’s found that you’ve been negligent, your policy would respond to a claim for damages from the injured person.

Essentially, public liability is what’s going to save you having to sell your family home or go bankrupt in the event that something serious happens on the job, and it’s proven to be your fault.

So Why Do I Need Public Liability Insurance?

This brings us back to the original question.  Why does my business need public liability?

You need it because if something goes wrong, and you’re a self-employed person or business owner, you’re the one who’s going to be financially liable.

Cost of Insurance

We could be talking a few grand, or a few million in the event of a serious injury or death.

Some businesses could swallow such a loss, but many would be sent bankrupt with catastrophic financial consequences.

From under $400 a year, depending on your business type, you could protect yourself and your business from such huge risks.

We have insurance brokers who can assist with quotes and more information.  Please click here to get started.

Flooring Contractors Insurance

Flooring Contractor

A flooring contractor may require a range of different insurance types depending on how they operate.

Public liability is certainly one of the most important forms of cover, but it’s not the only one.

For self-employed flooring contractors, public liability will be a must, whilst almost all contractors can benefit from tool insurance and income protection.

In this guide we’ll run through the needs of flooring contractors and how an insurance broker can make the insurance process easier and more affordable.

Flooring Contractors

The term flooring contractor is quite broad, and covers a large range of occupations and business types.

Some of the common activities which are covered under flooring contractors insurance include the following:

  • Installation of carpet and vinyl floors
  • Floating timber floors
  • Polished concrete floors
  • Floor repairs
  • Timber floor polishing
  • Commercial flooring

Virtually any business activities which fall under the flooring contractor category can be insured, however if you undertake any activities which are a little ‘out of the ordinary’ it’s important to let us know.

Insurance Types

There are three main types of insurance which flooring contractors can benefit from, however depending on the size and structure of your business you may require additional cover.

Whilst our website does focus on public liability insurance, it’s important not to limit yourself to a single policy.  Insuring all of your risks is vital.

The three main forms of cover are detailed below.

Public Liability

No matter what your trade is, the most commonly required form of insurance is public liability.

Public liability insurance will cover you in the event that your flooring activities result in property damage or personal injury to another person.

A typical personal injury claim could involve an incident where you have left some flooring materials in a walkway without sufficient marking, and a member of the public has tripped over them and suffered an injury.

A typical property damage claim could involve something as simple as breaking a window whilst carrying materials or equipment through a client’s premises.

Public liability is primarily for business owners, contractors and subcontractors.  If you are working as an employee on wages you should be covered by your employer’s policy.

For more information about this cover please view .

Tool Insurance

This is another common form of tradies insurance for anyone operating in the building and construction industry.

Tool insurance will cover your gear in the event that it is stolen, damaged by fire or damaged in a vehicle collision or rollover.

If you are leaving gear on site overnight, such as large timber or concrete floor polishers that aren’t easily transported each night, you can also obtain special cover for these.

More information about tool insurance can be found by following the links on our website.

Income Protection

The last of the ‘big three’ form of trade insurance is income protection.

Regardless of whether you’re a business owner or an employee, income protection is an important way of protecting your income in the event that you cannot work for a period of time due to illness or injury.

A proper income protection policy must be obtained via a financial adviser rather than an insurance broker.

Other Insurances

If you work on your own and don’t operate from your own premises, the three basic forms of insurance listed above will take care of most of your needs.

But if you are operating a larger business, perhaps with a few staff and running from your own workshop, then you’ll need to consider additional forms of cover.

Some of these covers include contract works insurance, business interruption and property damage cover.

Advice and Quotes

The job of an insurance broker is to help you to protect yourself, your business and your family with the right insurance to suit your needs and your budget.

They can assist flooring contractors with anything from basic quotes through to comprehensive advice on their overall insurance needs.

To obtain quotes on your insurance please click here.

Annual Insurance Reviews

Insurance Policy

There are plenty of questions to answer when taking out a new business insurance policy, but your responsibilities don’t end once the policy is in place.

If your business is like most other successful businesses, it will be continually evolving as you look at ways to improve it.

Whilst some businesses might not change a lot from year to year, others are changing rapidly from month to month, or even day to day!

For this reason it is important to keep your insurance broker or company in the loop to ensure that you and your business are properly protected.

Your Responsibilities

It’s easy to fall into the trap of only answering the questions when they are asked, but you are still required to update these details at each renewal and even in between renewals.

An ideal opportunity to review your business insurance needs it at renewal time, which will ensure that you are reviewing your cover at least annually.

It’s not simply a good idea to review your business and keep your broker updated.  It is in fact part of your duty of disclosure to ensure that your insurer knows about any relevant information which could affect their risk.

Areas for Review

There are many things which can change within a business over time, and some of the most common ones include changes to:

  • Business activities (both new activities and ceased activities)
  • Annual turnover / revenue
  • Staffing numbers
  • Use of subcontractors or labour hire
  • Working locations (particularly hazardous locations)

These aren’t the only changes that you need to make your insurer aware of, but they are certainly some of the more common changes which can impact upon your business insurance.

Whilst some of these changes may result in increased premiums, others can actually result in reduced premiums.

For example if your revenue and/or staff numbers have reduced, or you have ceased certain business activities, you may find that telling your insurer will result in a saving on your insurance.

Consequences

The consequences of not reviewing your business insurance can be extremely serious.

If you need to make a claim on your policy, and it is found that you have not notified the insurer of a relevant change to your business, you may find that the claim will be declined.

For example let’s say you’re an electrician and you have recently started a new contract working on a mine site, but you have not notified your insurer of this work.

If you need to make a claim for work you have done on the mine site, the insurer will most likely deny the claim because you have not disclosed this work to them.

If the claim was for a few thousand dollars you might be able to pay it out of your own savings, but if the claim is for a few hundred thousand, or even a few million, you could find yourself in serious financial trouble which can impact upon both your business and your family.

Reviewing Your Business Insurance

At each annual renewal you should speak with your insurance broker about you cover and whether or not it is still suitable for your needs.

In between renewals you should also inform your insurance broker (or the insurer directly if you do not have a broker) of any changes to your business which could affect your cover.

Whilst in some cases your premiums could increase after a review, it is much better to know that you are properly covered rather than taking the risk of being underinsured.

Public Liability Insurance Gold Coast

Gold Coast

The Gold Coast is a great place to live and work, and there is no shortage of business owners who call the Coast home.

With a population of more than 600,000 and annual visitor numbers of around 10 million, there is always something going on.

But with so many people pouring in and out of local businesses every day, it’s important to ensure your business is properly insured if something is to happen to one of those people.

This is where public liability insurance can help your Gold Coast business.

What is Public Liability Insurance?

If someone was to enter your place of business and injure themselves, or if you were doing some work for them and you caused property damage or personal injury to them, they could sue you and/or your business for serious money.

Public liability insurance can protect you and your business from this risk by covering the cost of a claim against you for property damage or personal injury suffered by others.

You can learn more at our ‘what is public liability insurance’ guide.

Which Gold Coast Businesses Require Cover?

If your business has the potential to cause property damage or personal injury to another person, then you will most likely need (or should at least have) public liability cover.

This captures pretty much any type of business, from the small shops along Cavil Avenue, the cafes, restaurants and bars elsewhere in Surfers Paradise and many other business types throughout the Coast.

If someone can slip, fall and sue, then you need cover!

The other big user of public liability insurance is the building and construction industry.

Whilst a tradie isn’t going to be at risk of slip and fall type claims in the same way that a shop could be, they are still exposed to the risk of causing property damage or injury whilst on the worksite.

The reality is that very few businesses on the Gold Coast (or elsewhere in Australia for that matter) could survive a serious claim without having the right public liability insurance in place.

Special Local Requirements

There aren’t any major differences in the insurance requirements between local businesses on the Gold Coast and elsewhere in Australia, but there are a couple of exceptions.

Both electricians and pool inspectors on the Gold Coast (and elsewhere in Queensland) have special requirements for their business insurance, and without the right cover they can’t obtain their licence.

Generally speaking you should be okay to use an insurance broker from anywhere in Australia, but if you do fall into one of the special categories then you may be better off using a local broker.

Quotes and More Information

There are a few ways in which you can obtain quotes and advice on your public liability and other forms of business insurance.

The most popular option for Gold Coast businesses is to use a local broker who specialises in business insurance.  They will be able to run through your options with you and provide you with quotes.

An increasingly popular option is to go online via websites such as this one which allows you to request quotes and even take out cover over the internet.

You can request a quote from us via our online quote form.

Our network of insurance experts are mostly located in Queensland (Brisbane in particular) and will be more than capable of assisting your Gold Coast based business.

Useful External Links

Tradies Insurance

For tradies there is one form of insurance that is by far the most common – public liability insurance.

As a self-employed tradie, including subbies, public liability is vital to protect you and your business if something goes wrong on the job.

In this guide we’ll look at what public liability for tradies covers, how much it costs and exactly who needs it.

If you just want to get a quote, click here.

What is public liability?

Public liability insurance is designed to cover a tradesman in the event that their negligence results in property damage or personal injury to a third party.

At the lower end we have small claims involving property damage.

A small property damage claim could involve the classic foot through the ceiling accident.  The insurance would cover the cost of repairing the damage and repainting the ceiling.

At the upper end we have claims involving personal injury, or even death.  This is where things get serious.

If your negligence resulted in the death of a third party, and you were sued for damages, your policy would respond.

These cases can stretch into the hundreds of thousands for serious injuries, and potentially millions for a death, so having the right insurance in place is absolutely vital.

Public liability cost for a tradie

Despite offering a huge amount of protection, public liability insurance is actually very cheap for a tradesman.

For the standard trades such as carpentry and electrical, a $5 million dollar policy can cost as little as $400 for a one-person business.

The larger your business, and the more hazardous your occupation, the higher the premium will be.

Also affecting the cost of your insurance will be the locations you work in.  Specifically, and locations that are considered hazardous or major public spaces.

Such locations can include airports, railway stations, power stations, oil rigs and the like.  If you work in or on any of these locations, you can expect to pay more for your insurance.

It’s vital that you do tell your insurance broker about this type of work, otherwise you may find that your policy does not cover you in the event of a claim.

To find out exactly how much this important form of tradies insurance could cost you, follow this link to our online quote form.

Which tradies need public liability?

If you have an ABN, then you’ll probably need public liability insurance.

Any self-employed tradie, whether you operate as a sole trader, partnership, trust or company, will need public liability insurance.

This includes those who subcontract to other builders.  Don’t think that the builder’s insurance will cover you, because in most cases it will not.

In terms of how much cover you need, it really depends on the work you are doing.

Cover is available in amounts of $5 million, $10 million and $20 million.

For a typical residential tradie, $5 million will be sufficient.  That being said, the cost to go from $5m to $10m isn’t much, so many tradies choose to double their cover.

If you are working in locations such as shopping centres and schools, there is a good chance you’ll be required to have the maximum cover of $20m.

Changing your level of cover is easy though, so even if you start with $5m and have to increase it later, it’s really not a big deal.

Purchasing a policy

There are a few different ways for a tradie to purchase a public liability policy.

For most tradies undertaking standard trades work, the easiest and cheapest option will be to go online.

Online providers such as Trade Risk can provide you with instant quotes via their website, and you can buy the policy online and get a certificate of currency emailed straight away.

It’s always important to read through the Product Disclosure Statement (PDS) before purchasing a policy, to ensure the policy is right for you.

If you’re unsure, then it’s highly recommended that you speak with an insurance broker who can run through everything with you.

Most brokers will happily deal with you over the phone or even via email, so there’s no need to make an appointment at a local broker’s office like the old days.

Public liability is super important for tradies, as well as being very affordable and easy to buy.  It’s undoubtedly a vital part of your toolkit.

Bricklayers Insurance

Bricklaying Insurance

Public liability insurance for brickies

For most self-employed bricklayers public liability insurance is a must.

Many worksites will have mandatory public liability requirements, but many tradesmen are unsure exactly why they need this insurance and how it might help them.

In this guide we will look at what this form cover actually does for bricklayers, which ones need it and how much it will cost.

What is it?

Public liability can protect a bricklayer from the costs of a claim involving property damage or personal injury to another person.

If you are found to have acted negligently you could be up for some serious costs, but with the right insurance in place you can rely on the insurer to cover the costs.

Claims for property damage and personal injury can occur very easily for bricklayer, or for any tradesman for that matter.

A minor property damage claim could arise from something as simple as dropping a brick chipping an expensive tile.

A personal injury claim on the other hand could involve collapsed brickwork which results in a serious injury or even death.

Which brickies need it?

Generally speaking it is bricklayers who work for their own business or as a subcontractor who need public liability cover.

If you are working on wages you will generally be covered by your employer’s insurance, but it is still worth checking with your employer to ensure you are not left exposed.

Some worksites have mandatory public liability requirements for all tradies on site, but even if that’s not the case for you it is still worth considering.

How much does it cost?

Bricklayers are generally considered to be a fairly low insurance risk for public liability, which is great news because it means the premiums are also quite low.

The public liability cost for a brickie can be from as little as $400 for someone doing standard residential work on their own.

Getting a quote is the best way to find out the cost of your insurance, and you can do this easily by completing our online quote request or talking to your existing broker.

Other policies

Although our website focuses mainly on public liability, there are other forms of cover that a brickie can benefit from.

Income protection is the common form of bricklayers insurance behind public liability, and other popular covers include tool insurance and life insurance.

If you would like more information about public liability or any other form of business cover please contact us.