What is a drivers risk extension?

What is a drivers risk extension?

If as part of your business you or your staff drive or test drive client cars it’s worth checking your insurance policy to ensure that you have what’s called the motor trade extension or the “drivers risk extension”.

Although a standard public liability policy includes damage that you cause to other peoples’ property, this does not extend to damage that you cause to a client’s vehicle whilst driving it. If you ever drive your clients’ vehicles, you should also include the driving risk extension in your public liability policy.

Damage to or theft of a customer’s vehicle that is your care custody and control while road testing is a major risk, it’s likely that in the event of an accident, your clients’ insurer we’ll sue your business for the resulting damage or loss.

There is also a risk of being sued, in the event that you were one of your staff injure somebody while on that test drive or moving the vehicle around.

Who should consider a drivers risk extension?

This is not just mechanics, panel beaters, truck repairers, but also car groomers, valet car parking etc.

You may also have extended your risk by offering clients a courtesy vehicle and you should check to ensure that the cover on the car includes the person driving the vehicle and guard against you been sued by any damage of that they do.

So remember claims as a result of injury or damage, in a vehicle is most likely to be excluded under normal public liability policies if you are unsure speak to a broker ask him to review your policy and your requirements.

Note: This cover may not extend to claims as a result of faulty workmanship if you feel this may be a risk once again you should talk to a broker.

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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

 

Consumer Protection Insurance

Consumer Protection Insurance When Is it Required?

If you are an Electrician in Queensland or a Plumber in Victoria you may be asked to have Consumer Protection Insurance added to your Businesses Public Liability Policy what is it? Who requires it?

Consumer Protection Insurance Electrician in Queensland

A person who performs electrical work in Queensland must have an electrical work license authorising the work. … Licensed electrical contractors are required to meet specific insurance requirements. This will include having a minimum of $5 million public liability insurance, with a $50,000 consumer protection

Consumer Protection Insurance Victorian Plumbers

Victorian consumers have a level of insurance protection when they use licensed plumbing practitioners. Licensed plumbing practitioners must obtain certain qualifications. They will also need experience and hold insurance coverage required by law before being licensed by the VBA.

The full terms and conditions of the required insurance are provided in the Ministerial Order – Licensed Plumbers General Insurance Order 2002 (the required insurance).

This Is Not Professional liability Cover

Note that these policy’s do not cover Professional liability (any liability of whatsoever nature directly or indirectly caused by, in connection with or contributed to by or arising
from the rendering or failure to render professional advice or service by the insured, or any error or omission in connection therewith). For cover for this contact your broker about Professional Indemnity Insurance.

At Publicliabilitycomparison.com.au we quote broadform liability cover. This covers your business against claims for personal injury to another person (other than employees) or damage to property owned or controlled by someone else, or advertising liability, property damage, personal injury or advertising liability which gives rise to legal liability must happen during the period of insurance and be caused by an occurrence in connection with your business activities, Broadform also cover product liability.

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

PUBLIC AND PRODUCTS LIABILITY INSURANCE COMPARED

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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

Consumer Protection Insurance

Consumer Protection Insurance Electrician in Queensland Eligibility requirements

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If A Bakery Makes Someone Sick Will Their Public Liability Policy Cover Their Clients?

product-liability

If My Bakery Makes Someone Sick  Am I Covered?

In the event of customer of a bakery, cafe or restaurant getting sick with illness such as salmonella poisoning, where the illness creates a loss can the insured claim off their Public Liability Policy?

What is covered?

Public liability insurance protects you and your business against the financial risk of being found liable to a third party for death or injury, loss or damage of property or economic loss resulting from your negligence.

And Product Liability Insurance covers your business in the event that the product you sell, supply, repair or deliver causes death, personal injury or property damage. Product liability insurance covers you if any of these events happen to another business or person by the failure of your product or the product you are selling.

So in the event of food poisoning such loss might look like

  • Loss of wages for clients with the poisoning
  • Medical Expenses
  • The injured parties legal fees*

*Legal Costs and Expenses cover is part and parcel of Liability insurance and defence costs are usually additional to the limit of liability. The Policy Limit of Liability is usually inclusive of Third Party Costs awarded against the Insured but this is not always the case, please check with your broker or insurer.

What if its not our fault?

Salmonella infection is a notifiable condition, and in the case of a business it’s likely to be investigated by the local council.If it turns out one of your suppliers is guilty of  negligence, you may have a good position for claiming off them and it may include loss or damage to your brand as a result.

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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

 

Clothing Retailers & Wholesalers