Public Liability Insurance

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If you are a tradesman working in either a traditional or more unusual trade (such as steel fixing

, perhaps wall papering or wardrobe installations), youll 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 $39.77 per month (paid monthly for your convenience), its around the cost of a carton of beer, and an investment thats worth $5 million dollars in peace of mind against public liability claims. While tradesmens public liability insurance cover for $5 million is common, today more and more tradesmen are opting for $10 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 tradesmens 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 isnt a sell, its 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 dont apply to some trades and you need to know whats included in your cover or rather and importantly, whats not covered.

When arranging Tradesman public liability insurance, its essential that the paperwork is right so that tradesmen dont 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 well 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 youre 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 $5 million, there is growing demand for $10 million public liability insurance policies.The sole purpose of tradesmans 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 tradesmans staff.

It is important to note that a contractors public liability insurance policy may not cover sub-contractors who may have been engaged for a job. Even if the main contractors public liability insurance responds in the event of a claim for which the sub-contractor is liable, the contractors 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.

by: Malcolm Nguyen

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