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| Income Protection | Life Insurance | Public Liability | Tool Insurance | TPD Insurance | Trauma Insurance | Business Expense Insurance | Key Person Insurance | Which do I need? |
Public Liability InsuranceThere are two types of people who come looking for public liability insurance. Those who want to protect their assets in case things go wrong, and those who don't care but just need the cover for their job.It doesn't matter which category you fall into, because we can help you either way. Public liability insurance helps you by covering the costs of any claim made against you for property damage or personal injury caused by your activities. A simple claim may just be a few grand to replace the carpet you accidentally ruined, but a more serious claim could result when someone falls into the ditch you've just dug and breaks their neck. These claims can run into the millions of dollars, and without public liability insurance most tradies would be sent bankrupt, losing everything they've ever worked for. Public liability is a lot cheaper than you might think, with policies available from just $40 a month. Don't risk not having public liability insurance - it's just not worth it. Call us today or get a free online quote
Although public liability insurance is available for many different occupations and industries, it is the trades industry that relies most heavily on public liability insurance. Tradesmen are exposed to greater risks than most workers, and due to often being subcontractors or running their own businesses, the financial risks can be huge. Public liability insurance takes away that financial risk by covering the costs of any action taken against you to recover funds. Sometimes this will be the result of court action, and other times it can be a simple agreement between the parties. The consequences of major action against you and your business can be financially devestating, so it's definitely worth investing a dollar or two each day to pass your financial risk onto a big insurance company rather than having to settle a claim out of your own pocket. Tradesman insurance can include more than just public liability insurance, but it is certainly one of the most important covers, and the one that most tradesmen can't do without.
Public liability insurance is available for virtually all trades, including non-trade qualified occupations. Common occupations requiring public liability insurance include:
Most tradies will look at price first, and because public liability policies are quite similar from one insurer to the next, this isn't a bad place to start. The public liability insurance cost can vary greatly between insurers, and often the features and benefits between each insurer are not too dissimilar. Price isn't everything however, and there are a few other factors to look at. When choosing a public liability insurance provider, we recommend using an insurer with a strong and reputable name that you know will be there when you need it. Whilst most policies are very similar, there are a few extra features and benefits to look out for. Some public liability insurance policies include tax audit cover, which can help to cover the costs if your business is subject to an ATO tax audit. The likelihood of being audited may be fairly low, but the costs can be very high if you are targeted by the tax office. One of the best ways to choose the right public liability insurance policy is to use an insurance broker who specialises in your industry. Here at Trade Risk we specialise in tradesman insurance, and our network of tradesman insurance brokers can help to find you the public liability cover that is going to suit you and your business perfectly. For more information or to get a quote on your public liability insurance please follow the links to our free online quote request.
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| Product Snapshot
What is it? Public Liability Insurance. When does it pay? If you damage someone's property or cause physical injury. What does it pay? Sufficient funds to settle a claim, up to the maximum sum insured. Who should have it? All tradies. How much is it? Varies from around $400 to $1,500 depending on your business.  Expert's Opinion Do you care about you and your family's financial security? If the answer is yes, then public liability insurance is an absolute must. There are a million things that can go wrong on the worksite. Some of them you can control, but there are some events that no amount of planning or care can stop from happening. If one of these events resulted in major damage to a property, or in major injury or death to someone, the financial impact on your business and your family can be absolutely devastating. It is events like this that have sent many tradies and their businesses into bankruptcy. Financial problems can also lead to relationship problems, and suddenly a problem on the worksite can bring your whole world crashing down. For the sake of $50 (or less) per month you can protect yourself from all this trouble by taking out a public liability insurance policy. The application process is easy, and it may well be the best investment you make in your business. You may get through your whole working life without ever going through a large public liability insurance claim, but if you do, you'll be glad you had the right cover in place. The alternative just isn't worth thinking about. Contact Trade Risk today to find out how inexpensive public liability insurance could be for you and your trades business. Not a Tradesman? It's not just people in the trades or construction industry who need public liability insurance. Public liability cover is important for a huge range of different business sizes and types, from sole traders right through to major national companies. Here at Trade Risk we only deal with tradies and those in the construction industry, but for all other business types we recommend the team at Public Liability Quotes who can assist with your insurance needs. |
| Important Information:
Information on this website should be seen as general advice only, as it does not take into account your personal circumstances. You should not act upon any information on this website without first consulting a qualified financial adviser or insurance broker
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