What Limit Of Liability Do I Require?

What Limit Of Liability Do I Require?

When you start to look for Public Liability Insurance, one of the first questions you must decide is what limit of liability do you require?

What is Limit of liability?

Insurers will offer limits of liability starting at $5 million, and can go up to $50 million.This is the insurer's maximum payout in the event of a claim

Steve Sloan a broker with Insure 247, explains;

You should consider your clients when choosing a limit of liability

If you deal with the public, then $5 million would cover most claim situations.

If you deal with other businesses (B2B) then $10 million may be required.

If you deal with local government, state or federal government, airports or ports then $20 million is probably going to be the minimum requirement.

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

requirement.

PUBLIC AND PRODUCTS LIABILITY INSURANCE COMPARED




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Public Liability Compared

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

 

 

 

 

Is Faulty Workmanship Covered Under My Public Liability Insurance

Is Faulty workmanship covered?

Is Faulty Workmanship Covered Under My Public Liability Insurance?

We asked Steve Sloan a broker with Insure 247, if we did repairs for a client that failed would we be covered?

Your public liability policy covers your business, for losses to a third party

"Your public liability policy covers your business, for losses to a third party.

You should check the product disclosure document as each insurer has a different approach to claims as a result of Faulty Workmanship."

An example of an insurer's approach to Faulty Workmanship

In the PDS from a leading Insurer it states:

We agree (subject to the terms, Claims conditions, General Policy conditions, Exclusions, definitions and Limits of liability incorporated herein) to pay to You or on Your behalf all amounts which You shall become legally liable to pay as

Compensation in respect of:

1. Personal Injury, and/or

2. Property Damage, and/or

3. Advertising Injury,

However under the "COVER SECTION EXCLUSIONS," it states
11. Faulty workmanship

for the cost of performing, completing, correcting or improving any work undertaken by You. (this means work that you do to repair or replace would not be covered)

According to Steve Sloan "Subject to the wording, it's likely that your policy will cover third party losses, but it may have a higher excess."

Click Here to Arrange a Quote 

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

Public and Products Liability Insurance Quotes



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Public Liability Insurance Compared

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.

Faulty Workmanship Insurance

 

Public Liability Insurance Does My Business Need It?

 

Public Liability Insurance Does My Business Need It?

Public Liability Insurance is for claims made against your business because its damaged someone's property or accidentally injured a person.

You will need it if your business goes out to see clients or they visit you, or you sell products that may also result in property damage or injury to a third party.

Is it Compulsory for my Business to have Public Liability?

Although Public Liability Insurance is not compulsory in Australia, some contracts may require it before you can complete your business activities.

Clients also may ask you for a copy of certificate of currency as proof of insurance, so its worth keeping a copy on hand.

Your primary contractor may also ask to be listed as an interested party

Public Liability Insurance is not required by law Public Liability Insurance is not required by law in Australia, however the Australian Government through www.business.gov.au explain "If you own a business, you may be liable for damages or injuries to another person or property.

Click Here to Arrange a Quote 

Public Liability Compared

Lets get you covered

CLICK HERE FOR A CLAIM COMPARISON OF PUBLIC LIABILITY INSURERS

How Does Publicliabilitycomparison.com.au Work?

Publicliabilitycomparison.com.au uses Steadfast SVU and Insure 247 Software to approach a network of insurers and specialist underwriters for public liability insurance quotes, and through our licensee Ausure and Steadfast we have access to all major insurance markets.

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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

What does Designated Contracts Mean On My Public and Products Liability Proposal

Does Public Liability Insurance Cover Business Car Accidents?

Public Liability Premiums Reduce

 

 

Electricians

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PUBLIC LIABILITY INSURANCE FOR Electricians

Electricians Public Liability Insurance

Do Electricians need Public Liability Insurance?

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Yes, electricians in Australia typically need public liability insurance. Public liability insurance provides coverage for any third-party claims for property damage, personal injury, or other losses that may arise as a result of the electrician’s work. This type of insurance is important for electricians, as they work with potentially hazardous electrical systems and equipment that could cause harm or damage if not properly installed or maintained.


In addition, many Australian states and territories require electricians to have public liability insurance in order to obtain or maintain their electrical contractor license. Even if it’s not required by law, having public liability insurance is still a wise investment for electricians to protect themselves and their businesses from unexpected and potentially costly claims.

We make it easy to get a Public Liability quote, get started below.

We make it easy to get electricians public liability quotes, get started below.

Why do Electricians need Public Liability insurance?

Here are five reasons why electricians need public liability insurance in Australia:

1.Protection against third-party claims: Public liability insurance provides coverage for any third-party claims for property damage, personal injury, or other losses that may arise as a result of an electrician’s work. This is important because electricians work with potentially hazardous electrical systems and equipment that could cause harm or damage to property.

2. Legal compliance: Many Australian states and territories require electricians to have public liability insurance in order to obtain or maintain their electrical contractor license. Failing to comply with this requirement could result in fines or other penalties.

3. Peace of mind: Having public liability insurance can give electricians peace of mind knowing that they are protected in the event of an unexpected claim. This can allow them to focus on their work without worrying about the financial impact of a potential claim.

4. Protection of business assets: If an electrician is held liable for damages or losses as a result of their work, they may be required to pay compensation or legal costs. Without public liability insurance, this could result in the loss of business assets or even bankruptcy.

5. Competitive advantage: Having public liability insurance can be a competitive advantage for electricians when bidding for jobs. Many customers and businesses require proof of insurance before hiring an electrician, so having public liability insurance can help electricians win more contracts and grow their business.

ELECTRICIANS PUBLIC LIABILITY INSURERS COMPARED INCLUDE AIG, ALLIANZ,  CGUHOLLARDQBEVERO, AND ZURICH*.

Compare Quotes for Electricians Public Liability Insurance

Public Liability Comparison helps Electricians find cheaper public liability quotes by comparing Australia’s top insurers. Compare quotes for Electricians in NSW & Sydney, SA & Adelaide, ACT & Canberra WA & Perth, Melbourne & Vic and throughout rural Australia.



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Why public Liability Comparison

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  • We’re real people, in Australia that provide you with only reputable public liability quotes that you can rely on.

  • We do the hard work for electricians by comparing public liability quotes from multiple insurers for their insurance.

  • We manage the entire claim. We work for you, not the insurer – to get you the outcome you deserve.

DON'T JUST TAKE OUR WORD FOR IT

Insure 247 IconInsure 247

8/328 Scottsdale Drive, Robina

4.7 171 reviews

  • Avatar Esteban Gimeno ★★★★★ 5 months ago
    Great team! Awesome costumers service and competitive prices! I been working with Caleb and my experience has been great at all time.
  • Avatar moey Zahedi ★★★★★ 7 months ago
    I have spoken to corey about taking an insurance for my business he was very helpful he is honest. He explains everything about which insurance is good for your business he doesn't waste your time and straight forward person
    I would
    … More recommend them for any tradie.
    Corey is the man to speak to about your insurance.
    Thank you very much mate
    Kind regards SZ
  • Avatar Claudia Bejenaru ★★★★★ 11 months ago
    Working with Karen at Insure 247 was a great experience: clear and swift communication and great service for our company's needs. Karen was very accommodating and understood exactly what we were looking for. Highly recommend.

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