Public Liability for Qld Tradesmen

July 11, 2012

qld public liability insuranceTradesmen working in Queensland will require a range of insurance types, and one of the most popular is public liability insurance.

Qld has experienced a building boom during the last decade, and even further back than that.  It has of course taken a hit since the Global Financial Crisis, but there is still plenty of work out there for hardworking tradies.

Due to a large proportion of tradesmen being self-employed, many are required either by law or by the building companies to hold certain forms of insurance, including public liability cover.

Public Liability for Carpenters

Chippies are the lifeblood of the building industry.  Of course there are plenty of trades in the building and construction industry, but carpenters make up a very large chunk of them.

With many carpenters working as subcontractors on building sites, there is considerable demand for public liability insurance in Qld among this group of workers.

There are no government requirements or laws that state carpenters must have public liability cover in place, however most large building sites will have their own requirements for all self-employed carpenters.

Public Liability for Electricians

Electricians here in Qld are subject to addition requirements when it comes to public liability insurance.

In order to renew or apply for an electrical contractors licence in Qld, an electrician must have a public liability policy of at least $5 million, along with consumer protection insurance of no less than $50,000.

Not all insurance companies can issue policies which meet the Qld electrical contractors insurance requirements, so you may need to shop around for one that does.  Alternatively you can use a tradesman insurance broker who will know straight away who to use.

Public Liability for Plumbers

As with carpenters, the requirement for plumbers to hold public liability cover in Qld has more to do with the building companies and worksites, rather than anything set by the state government.

Regardless of whether or not public liability is mandatory for you as a plumber, it’s still a very good idea to hold this cover.  There are few other policies which offer the same level of protection for such a low price.

Quotes for Tradesman Insurance

If you’re a tradesman in Qld and want to know more about your insurance requirements, or simply want to get a quote on your insurance, there are a few options available to you.

There are a number of insurance brokers operating in Qld that specialise in tradesman insurance.  You can find them by simply searching Google.

A good tradesman insurance broker or advice will be able to help you with not only your public liability cover, but also with other forms of trade insurance such as tool insurance and income protection.

Tradesman Insurance NSW

July 10, 2012

NSW TradesmanA tradesman operating in New South Wales will require a range of insurance covers.

Some forms of insurance for tradesmen are mandatory, whilst others are optional – but still a very good idea.

The most popular form of insurance for NSW tradesmen is public liability insurance, and in this article we will take a closer look at public liability for tradies.

What is Public Liability?

For tradesmen in NSW, a public liability policy will protect them against the financial consequences of inflicting unintentional person injury or property damage to a customer or other person.

In normal circumstances you would be liable for the costs of any claim against you, but with public liability insurance you can shift this responsibility to the insurance company, provided that the incident is covered under your policy.

Who Needs It?

Any tradesman who works for himself, either as a business owner or a subcontractor, will most likely need public liability insurance.

Many worksites, especially the larger sites, will have mandatory requirements for all self-employed tradesmen to hold public liability insurance in NSW.  In some cases they will also be required to hold income protection.

Regardless of whether or not it is mandatory for you and your business in NSW, public liability cover is simply a good idea for any tradesman or trade business.

How Much Does It Cost?

The cost of public liability insurance varies depending on the type of trade business that you operate.

The fact that the business operates in NSW won’t have a huge impact on the cost, but if you are based in NSW you will have to pay stamp duty at the rate set by the state.

Your public liability insurance cost will be based primarily on the level of risk that the insurance company believes you may pose.  A low risk trade and business will generally attract a lower cost, whilst a higher risk trade and business will attract a higher premium.

Getting a quote on your public liability insurance in NSW is quite straightforward.  The best option is to contact a insurance broker who can assess your needs and recommend a suitable policy.

How Much Is Public Liability In Queensland?

July 5, 2012

Brisbane Public Liability InsuranceMany businesses in Queensland will need to have public liability insurance, and the cost of the cover can vary greatly depending on a number of factors.

Here in Qld there are a number of insurers offering public liability cover.  Each insurer will be happy to provide you with separate quotes on your cover, or you can use an insurance broker who will be able to obtain multiple quotes.

How much your public liability insurance costs will depend on a number of factors, and in this article we will look at some of the main factors affecting the price, along with the easiest ways to get a quote.

Size of the Business

The size of your business will have a major impact on the size of your public liability insurance cost.

Some insurance companies measure size by the annual revenue of the business, whilst other insurers measure size by the number of employees.  Some insurers use a combination of the two.

For most Qld business types, the larger the business is the larger the insurance cost will be.  This is generally due to the fact that a larger business will be undertaking more work, which means there is potential for more claims.

Activities of the Business

Different business types are treated differently when insurers are working out how much your public liability cost will be.

The cost for a retail business in Qld will be different to that of a single tradesman, which in turn will be completely different to the cost for a small office space.

Generally the activities of the business will affect the premium based on the level of risk posed.  A lower risk business will commonly have a much lower premium that a higher risk business.

It is important to tell the insurance company or insurance broker all about your business activities, even if it means your premium will increase.  If you don’t tell them everything, you could find that a claim is declined due to nondisclosure.

Other Factors

Other factors affecting the cost of public liability insurance in Qld include the level of cover you require, as well as the specific options that you wish to include in your policy.

A qualified insurance broker will be able to assess your business and insurance needs, and will be able to tell you how your business activities or other factors may impact upon how much your public liability cover will cost.

Getting a Quote in Qld

There are two main options when it comes to obtaining a public liability insurance quote here in Queensland.

Option one is to contact the insurance companies directly.  Not all of the insurance companies offer direct quotes, but enough do that you will be able to get a good idea of the different prices for your type of business.

The second option is to use an insurance broker.  An insurance broker will be able to obtain multiple quotes from all of the main insurance companies offering cover in Qld, and will then be able to advise you on which option they believe is best for you.

For more information please speak with your broker.  Alternatively you can get in touch with us and we will try to point you in the right direction.

NSW Public Liability Quotes

July 3, 2012

Sydney Public Liability InsuranceDo you run a business in NSW?  Do you need a quote on your public liability insurance?  We can help!

Public liability is important for all NSW businesses, and in many cases it will actually be mandatory.

There are plenty of different ways to get a quote on your insurance, and here at Public Liability Insurance NSW we are here to help you find out what you need to know.

Public Liability NSW

Regardless of whether your business in located in central Sydney or out west in Broken Hill, you may need to have public liability insurance to protect yourself and your business.

Although it’s obviously important to get the right cover to suit your business needs, it’s also important to find a policy which provides a good value and a competitive premium.

There are a couple of ways you can find quotes on your public liability insurance NSW.  The easiest way is to use an insurance broker.

NSW Insurance Brokers

New South Wales is home to plenty of insurance brokers who specialise in public liability insurance.

A broker will be able to provide you with quotes and information on your public liability, and can help you to choose the quote which offers to best value for your business.

In order to provide you with quotes, your insurance broker will need to know some information about your business.  Generally this will include the type of work which you do, as well as the turnover of your business and the number of workers you employ.

Once the broker has this information, they will obtain quotes from the public liability insurance companies who offer cover in NSW, and will then be able to report back to you on which options may be best for your business.

More Info for NSW Business Owners

For more information please speak with your broker, or if you don’t already have one, get in touch with the team at Public Liability Insurance Australia who may be able to assist you in locating a suitable broker either based in or servicing NSW.