State Differences in Insurance Premiums

When arranging public liability insurance,  one of the questions you may be asked is, in which states do you derive your income? Or you may have seen stamp duty as part of insurance premiums.

What does this have to do with your insurance premiums?

Each state government in Australia has a different stamp duty, so your insurance company must calculate the stamp duty on your insurance premium based on where that income is derived.

Read More STATES URGED TO TAKE STAMP DUTY OFF THE FISCAL ENVELOPE TO MEET REVENUE CHALLENGE

Other things that may affect your insurance public liability insurance premiums;

  • Claims History
  • Years Experience
  • Number of employees
  • Annual income
  • Occupational risk

 

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

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