Check Your Sub Contractors Insurance

Sub Contractors Insurance

If you use sub contractors a way to reduce your risk is to check they have their insurance cover, here is 5 things to check

  1. Do they have their own public liability insurance and is it current?
  2. Do they have their own income protection insurance or workers compensation cover ?
  3. What is your excess in the event of an insurance claim that involves a subbie?
  4. Does your insurer pay if a subbie is injured while working for you?
  5. Is your subbie qualified and licensed to do the work you need them for?

Still not sure talk to the team 1300 046787

 

Click here to arrange insurance quotes for your business

 

Insurance for Aussie Tradies

Insure Tradies Team

Carpenter Insurance

Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433. If you a make purchase from insuretradies Referal Partners Insure247 Pty Ltd will be paid a fee the amount of which will vary according to the term of service

5 Things Carpenters Should Consider When Buying Insurance

Carpenters insurance

Carpenters have some specific insurance needs based on the risk associated with the construction industry, the following checklist will help you understand the risks.

1) Product Liability Product Recall

The use of lower-quality materials,  not following specifications or building codes and Defective work may result in substantial bodily injury or property damage claims. Make sure your policy has you covered.

2) Fire and Perils General Property

The materials used like wood, sawdust, chips, shavings, adhesives, paint, lacquers, solvents and stains etc, increases the fire load and fire risk exposure in the premises and at the contract site.  Tools are often stored on utes or left onsite overnight, are they covered? 

3) WorkCover or Workers’ Compensation

If you have employees you need to check the local workers compensation requirements for your state. In some states if you are self employed or a working director you may not qualify for workers compensation, you have to consider if you get sick or injured and can’t work for a period of time how would it  impact your financial situation, if you don’t qualify for cover maybe look at Income Protection Insurance.

4) Machinery Breakdown

Could you continue to work if your machinery was damaged, destroyed or broke down? Get our team to look at cover to get back on the job a quick as possible.

5) Public Liability

Onsite your exposure to the public may be limited, however work away from premises is a major risk. Third parties may be injured by work activities, machinery or falling materials.

Still not sure talk to the team 1300 046787

 

Click here to arrange insurance quotes for your business

 

Insurance for Aussie Tradies

Insure Tradies Team

Carpenter Insurance

Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433. If you a make purchase from insuretradies Referal Partners Insure247 Pty Ltd will be paid a fee the amount of which will vary according to the term of service

Does my policy cover my sub-contractors

risk_mitigation

Does my policy cover my sub-contractors

Insurance is designed to protect the insured against loss, with business insurance that protection needs to extend to wherever your business operates.

One part of business insurance is Public liability, this cover will protect your business against third party property damage or personal injury claims.

What if you business uses subbies? will your policy cover their activities on your behalf or injury to them?

When placing your insurance the insurer will ask do you use sub-contractors and if so how much of your turnover is generated by those sub-contractors. They will also want to know if they have their own insurance in place.  Some insurers will offer coverage to your subbies but this may reflect in an increase premium or higher excess.

What if one of my sub-contractors get’s injured? Most policies will exclude injuries to your sub-contractors and employees, your should investigate your workers compensation requirements for each state and also consider a risk mitigation strategy to further protect your business.

Risk mitigation

A good risk mitigation strategy for your business would be to insure that they have their own public liability policy and also have their own income protection insurance. This way if your sub-contractor damages your clients property you insurer can claim against their insurer and with income protection in place it reduces the risk of a loss from an injury to them.

If the activities of your sub-contractor does result in a claim, you should still speak with your broker and insurer  to keep them informed and to see where the likely liability will lie.

Still unsure, speak to a specialist, get them to review your potential risks and possible mitigation.

Steve Sloan
steve-sloan-insure247

Steve is a licensed insurance broker and marketer. He is an internet insurance pioneer in Australia.

 

Insurance for Aussie Tradies

Insure Tradies Team

Carpenter Insurance

Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433. If you a make purchase from insuretradies Referal Partners Insure247 Pty Ltd will be paid a fee the amount of which will vary according to the term of service

perated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.

Roofer

Roofer Insurance

http://insuretradies.com.au offering  Public Liability Insurance & Income protection Insurance Quotes for Roofers. Get Quotes for public liability insurance from insurers like AIG, Allianz, Calliden, CGU, Vero, Zurich and income insurance quotes from AIA, AMP, Asteron, Onepath, Macqurie, MLC, and TAL.

Public Liability Quotes for Roofers for $5 Million Cover from $399 per year



 

Insurers used by Insure Tradies include

AIG insurance for tradies Allianz Tradies Insurance berkley_australiaBrooklyn tradies insurance Calibre Tradies Insurance CoversureCGU Logo_No Tag_RGB    QBE_builders-insurancevero-builders  zurich-public-liability

The Insure Tradies team are trade insurance experts offering fast service for Tradies Insurance Australia wide, what ever your insurance needs we have the experts to help.

When we quote you it will include all broker fees, commissions and credit card surcharges.

Insurance for Aussie Tradies

 

 

Call us 1300 046 787

 

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Please note that any advice given has been provided without taking into account your objectives, financial situation or needs. It is also based on information we have obtained from you. You must ensure the information is accurate and complete. Otherwise, this advice may be based on inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation and needs. Please read the Product Disclosure Statement and contact us if you require any clarification.

Air Conditioning Installer

Air conditioning installer insurance

Public Liability Insurance For Air Conditioning Installer’s

Public Liability Insurance quotes for Air Conditioning Installer’s from $575 pa $5 Million Cover. $5 million, $10 million and $20 million dollars cover options.

  • Australia wide coverage
  • Instalment payment options*
  • Free claim service
  • Complimentary phone risk assessments (If required)
  • Same day Certificate of Currencies
  • $5 Million cover starting at $49 per month±
  • We use up to 12 Insurers  Δ
  • Most policies include product liability

Call us or complete the request below

Call us 1300 046 787

Once completed the team will match you up with a range of leading Australian Insurers



Insurers used by Insure Tradies include

AIG insurance for tradies Allianz Tradies Insurance berkley_australiaBrooklyn tradies insurance Calibre Tradies Insurance CoversureCGU Logo_No Tag_RGB Chubb trade insurance    QBE_builders-insurancevero-builders  zurich-public-liability

Our partners have consented to the use of these logos

As part of the Steadfast network we are part of the biggest network of insurance brokers in Australia and New Zealand and have partnerships with over 150 insurance providers locally and internationally. Which means we can find what’s right for you: from general business insurance cover to the most niche products.

* Instalment options for your tradies insurance, will be offered by a third party finance company
± Price will depend on cover required, your occupation, experience, postcode and turnover

Δ Not all insurers will offer quotes for all occupations

Insurance for Aussie Tradies

Insure Tradies Team

Air conditioning repairman working on a compressor and giving a thumbsup.

 

Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433. If you a make purchase from insuretradies Referal Partners Insure247 Pty Ltd will be paid a fee the amount of which will vary according to the term of service

Income Protection Insurance for Tradesman

Can Tradies Get Income Protection Insurance?

Income Protection Insurance for Tradesman

Tradies need to protect their income as well as there tools, but many tradies are self-employed, If I’m self-employed can I get Income Protection Insurance?

If I’m self-employed can I get Income Protection Insurance?

Most insurers offer self-employed clients an income offering that would help if something happened to you and you were unable to work. When calculating your income protection needs you should consider the number of months you could survive without an income before selling off assets or making drastic lifestyle changes. If you are unsure speak with an adviser.

What if I have just started?

Some insurers will offer you a “newly self-employed clause” which means in the event of a claim they will aggregate your income and pro-rata that against your projected income and that will be the monthly benefit.

When starting you can choose an Agreed Value option where your monthly benefit is agreed with you at the time of application and is based on your income at that time. Or Indemnity Value where your monthly benefit is calculated at the time of your claim and is based on your income at that time.

How much cover can you get?

Income protection cover is normally 75% of gross distributable income from the business before tax.

Is proof of income required to claim?

Depending on the insurer and the length of time you have been self-employed most insurers will not ask for proof of income up to $3000 in monthly cover.

Are Income Protection Insurance premiums tax deductible?

As a self-employed person, your premiums will be tax deductible, and may also be covered in your superannuation, speak to an adviser that can look at the option that suits your needs.

If your business is dependent on your to operate you may also need to consider Business Interruption cover as well. This cover helps with keeping your business running without you

Need to talk to a licensed Life Insurance Adviser?

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Source Quotesonline.com.au

Insurance for Aussie Tradies

Any advice that may have been given is general advice only, please be aware that we have not taken into consideration your needs, objectives or financial requirements. Before deciding to purchase a financial product you should consider the appropriate Product Disclosure Statement to ensure the product is suitable for your needs.

insuretradies.com.au operated by Insure 247 Pty Ltd ACN 612944215 is an Authorised Representative of Ausure Pty Ltd ABN 94 096 971 854 AFSL 238433.