The Complete Guide to Public Liability Insurance
As a contractor, you have a lot to think about – after all, you don’t have the luxury of having an employer organising everything for you. This also goes for insurance. It’s essential that you protect your risks by having the right insurance package in place. When it comes to insurance for contactors, public liability […]
Why Do Electricians Need Public Liability Insurance?
Public liability insurance is an essential form of cover for most contractors, including electricians. It offers financial protection if you cause damage to property or injury to a person as a result of your actions at work. It also covers your legal bills if you need to hire a lawyer as part of the claims process. […]
What Does Public Liability Insurance Cover?
When you’re working as a contractor, you need to make sure you’re protected with the right insurance. Without the correct cover, it could have serious financial implications for you and your business. Public liability insurance is one of the most widely used forms of insurance for contractors and it offers ongoing financial peace of mind. Let’s take […]
Who Needs Professional Indemnity Insurance?
Professional Indemnity Insurance is designed to safeguard mainly professional services contractors and their assets should they be hit with a claim for breach of their care of duty towards a client. But do you really need it or is it a stretch for your profession? Find out here if Professional Indemnity applies to your business. […]
What Is Professional Indemnity Insurance?
Professional indemnity insurance is designed to protect professionals who provide advice to their clients. The protection is for the potential costs associated with legal claims that can arise from third parties. These legal claims can arise out of giving the incorrect advice, breaching your professional duty, or omitting information that would be vital to the […]
What Is Tax Audit Insurance And Why Do I Need It?
When the tax man comes knocking, many try to hide! Even if you have done everything correctly within your business and have all of your records in place, a tax audit by the Australian Taxation Office will still leave you out of pocket. Why you ask? Because you will need to pay for your tax […]
What is a Certificate of Currency?
As a contractor, you generally don’t have an employer to arrange insurance on your behalf – it’s all up to you! So, what do you need to provide if a potential customer or employer wants to ensure that you have up to date insurance cover in place? That’s where your certificate of currency comes in. […]
What is a Certificate of Currency or Certificate of Insurance?
A certificate of insurance (also known as a certificate of currency) is a document issued by an insurance company to confirm that insurance has been obtained for a business or individual for a specific time. The document does not substitute the actual insurance policy documentation and is best described as a summary of the most […]
Contractors vs Subbies – What Is The Difference?
You may have heard the terms ‘contractor’ and subcontractor’ or ‘subbie’ thrown around. There is in fact a difference between contractors and subcontractors, however in effect not much within the operational side of the businesses. Here is what you need to know about the differences. Contractors A contractor is an individual who runs their own […]
When Should a Contractor Review Their Insurance?
Between completing projects, admin, and juggling new leads, there’s always something demanding your attention. Among this whirlwind of activity, it’s easy for business insurance for contractors to slip down to the bottom of your to-do list. But as your business changes and grows, so do your insurance needs. Overlooking your cover could create gaps and […]