Premiums Reduce

Public Liability Premiums Reduce

Public Liability Premiums Reduce in June and July

Public liability premiums reduced in June and July in Australia. According to Insure 247 “With the entry of new insurers and the hardening market, consumers look set to enjoy good premuims”. Consumers are also benifiting of easier ways to compare the public liability insurers. Public Liability Comparison compared 4500 policies in June and July.

Public Liability Comparison compared 4500 policies in June and July.

Occupations enjoying better pricing

We have also seen a reduction in the insurance premiums for Carpenters, Plumbers and Painter, with some of the lowest premiums since 2008.

Public liability insurance clients in NSW have enjoyed the largest reductions in public liability for some occupations, so if you need a quote for new business or to compare your existing policy click compare and save by click here

NSW have enjoyed the largest reductions

Comparing more Occupations

Some of the public liability insurance policies we compared this month have included Bar and Restaurant, Cross Fit Training, Geo Engineer, Fencing Contractor, Removal Contractors  Self Storage Facility, Welder/Boilermakers and Waterproofing.

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Public Lability Premiums Reduce

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 the inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation, and needs

The chairs that could cost your business three hundred thousand dollars

Business discussions that could cost your business

Stephen Sloan insurance broker with Insure 247 urges businesses to consider that it’s often the small things that can cost your business a lot of money.

could cost your business

In a recent case in the New South Wales District Court, Kmart Australia was  made to pay compensation when an $8 plastic domestic use only chair collapsed when I client sat on it.

Awarded more than $300,000

According to the SMH*

Ms Lewis suffered permanent damage to her lower back, right buttock, thigh, and knee among other injuries.

She was awarded more than $300,000 in damages.

In making her decision to award Ms Lewis the sum, Judge Gibson noted that Kmart had breached its duty of care.

“To keep the photo lab (and its income) flowing, Kmart and its staff allowed the development of a haphazard system of customers taking chairs for sale in other departments (itself a breach of store policy) for use in circumstances where those chairs were unsuitable to the point of being dangerous,” she said.

“I am satisfied that the plaintiff has established breach of duty of care. The defendant’s failure to provide adequate seating for its customers in the photo lab, training for its staff and regulation of equipment use all play a role in relation to the circumstances of the accident.”

Public Liability Insurance Offers Protection

Broker Stephen Sloan explains “Public Liability Insurance cover can protect the business owner where it is found to be negligent. It will also offer some protection for the high legal cost of defending such events.

Going without public liability cover may save you money spent on premiums, however in the event of a claim that saving may cost you your business.

Does Your Business Have A Plan?

It is not that anyone at Kmart intended for the client to get hurt and at no stage did the management of Kmart have any actual involvement in the actions that lead to the injury, however, they do need a system for training for their staff and the regulation of equipment, does your business do that?

It’s also worth considering a risk mitigation when purchasing items used by the public or your staff, consider the use and consider is it appropriate for the intended use.

More Information

Sole Trader To A Company Does my Policy Cover Me?

Consumer Protection Insurance

Sole Trader To A Company Does my Policy Cover Me?

If you are still unsure, talk to our team on 1300 046 787, to discuss your requirement.

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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 the inaccurate or incomplete information. You should consider whether the advice is appropriate in light of your objectives, financial situation, and needs

Source *Sydney Morning Herald

Underwriting Agencies and Insurers Now Covering More Public Liability Risks

 

Traditionally insurers like to stick to relatively low risk occupations when it comes time to insuring business public liability risks.  Insurance brokers describe this as hard to place risks, often these risk would be placed with Underwriting Agencies

What is an underwriting agency?

An agency given underwriting and policy writing authority by an insurer. This authority actually allows an agent to price and issue the physical policy to the insured. In return for this additional administrative work, the agency normally receives increased commissions from the insurer involved.*

Australian Underwriting Agencies

Australian Underwriting Agencies

A number of Australian underwriters have added some high risk occupations;

Axis Underwriting has added Earthmoving contractors, Electric scooter and Segway importers and distributors, Critical auto parts and Food truck operators to it’s acceptable risks.

Recently Underwritten by High Street Underwriting include Builder (No Height Restriction), Church Activities, Live Linesman, RTO – Height Training etc, Safe Lock Abseiling Systems and Swimming Pool Builder.

Is My Occupation High Risk?

If you are still unsure speak to a broker on 1300 046 787

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Which Underwriting Agencies does Public Liability Comparison use?

    axis-underwriting1   Brooklyn       logo-emergence  High Street Public & Products Liability InsuranceHostsure logo-mecon Protecsure public liability sportsUnderwriting logo-winsure

Click Here to Arrange a Quote 

Public liability comparisons

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

 

Source * www.irmi.com

Publiclaibiltycomparison.com.au is brought to you by Insure 247 to assist Australian business compare Public Liability Insurance quotes from leading Australian Business Insurers :

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

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Western Australian Council Ban Group Fitness Sessions In Their Parks

subiaco-park

The City of Subiaco has banned group fitness classes from being held in its parks, unless the trainers have a new permit costing between $400 to $1800.

To reduce the risk to the public certain activities have also been banned, dragging logs, and heavy ropes are amongst the banned activities.

The new permit policy requires outdoor trainers to be registered with Fitness Australia, have $10 million public liability insurance, $5 million professional indemnity insurance and hold a current first aid certificate.

 

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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 com