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
Are subcontractors covered in my Public Liability Policy?
Many hands make light work and often as tradies you need the support of a subcontractor, however, if there is an injury or property damage by that subcontractor is it likely to be covered under your public liability policy?
Tradies need to be aware where there is a possible risk to the business in the event that the subcontractor does damage while working for you, your insurer may cover any claims to a third party, however, most will exclude any injury to the subcontractor. They may also increase the excess on any claim, so he explains “It is important to understand and check the endorsements on your policy or if you are unsure get your Broker to check”
Here is an example of a public liability policy extension from a leading insurer looking at subcontractors.
Steve Sloan (founder of Insuretradies) urges Tradies to ask their Insurer “What would happen if?”
- Check Extensions or Exclusions relating to subcontractors
- Check the excess on a claim when a subcontractor is involved
- Check you subcontractor has their own Insurances in place
- Check they also have workers compensation or income protection.
If you’re still unsure contact our team on 1 300 046 787
Steve is a licensed insurance broker and marketer. He is an internet insurance pioneer in Australia.