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Qld Public Liability Providers

Australia has a very strong insurance industry, and that extends to providers of public liability insurance.

Queensland businesses have access to insurance products offered by almost all of the insurers based in Australia, however there are a couple of small state-based insurers who only look after their own state.

All of the major Australian insurance companies provide public liability insurance to Queensland businesses, and we have listed a few of the major players below:

QBE Insurance

The ‘Q’ in QBE actually stands for Queensland, which is a nice start for this now-global insurance company.

QBE provide all insurance products to Qld businesses including public liability insurance, and they are one of the few insurers to offer the special cover required by Qld electricians.

Allianz Insurance

Allianz are a well know insurance company offering business insurance in Qld.

Although Allianz is based in Germany, they have a large presence in Australia and have been doing business here for many years.

Vero Insurance

Vero specialise in business insurance and have public liability policies to suit a range of different types of businesses.

Vero are part of the Suncorp group, which is one of Australia’s largest insurance organisations and is based right here in sunny Qld.

Other Qld Insurers

There are many other insurance companies offering public liability insurance in Qld.

Some of the names you may have heard of include AMP, Zurich and CGU.

Retail Insurers

In addition to the insurers listed above there are also a number of retail insurance companies offering public liability in Queensland.

Retail insurers are generally classed as those who only provide insurance directly, and not via insurance brokers like most other insurers do.

Some of the most well known insurers offering public liability via their retail channel include NRMA and AAMI.  These companies generally offer cover via their website or call centres.

Quotes and Advice

Almost any business insurance broker in Qld will be able to assist you with insurance products offered by the companies above, with the exception of the retail insurers who do not deal with brokers.

For more information or to obtain a quote on your public liability insurance in Qld please contact your broker or insurance provider.

NSW Electrician Insurance

If you’re a licensed electrical contractor in New South Wales you may need public liability insurance.

Public liability is one of the most important forms of insurance that an electrician can have, and is many cases it will be mandatory.

What is Public Liability?

Public liability will protect you as an electrician if your work results in property damage or personal injury to another person, and it is shown that negligence was a factor.

For an electrician, this could involve faulty wiring work that causes a fire and damaged property, or that results in electrocution to someone else.

Licence Requirements

Although Fair Trading NSW does not list any specific insurance requirements on their website (click here) it is widely accepted that public liability is vital for a licensed electrician.

Most building and construction companies will require that all electricians on site have public liability insurance of at least $5 million.

In addition to public liability, many work sites will also have mandatory income protection requirements for all self-employed and subcontracting electricians.

Master Electricians Australia is also a strong advocate for sparkies having public liability insurance, as outlined in this article about an electrician who received a lifetime ban in NSW.

Insurance Cost

The public liability insurance cost for an electrician will vary depending on your business.

If you are a sole trader working on domestic and light commercial projects the cost of public liability can be as little as $450 in NSW.

If however you are working on larger projects or have multiple staff working for you, the cost can increase dramatically, especially if you are working on locations such as mines and quarries.

For more information about public liability insurance in New South Wales please speak with your insurance broker.

Small Business Insurance NSW

New South Wales is a great place to run a small business.

Whether you operate in the heart of Sydney or out in regional NSW, it’s important to ensure your business is properly protected.

So many things can go wrong in business, and arguably small businesses have more to lose than their larger peers.

This guide will run through some of the important steps in obtaining business insurance in NSW.

Getting quotes

There are a couple of different options when seeking quotes on small business insurance.

The traditional route was to contact a local insurance broker, or to contact insurance companies directly yourself via their call centre or website.

Increasingly small business owners are using online services to obtain quotes.  This is sometimes via the insurance company’s own websites, but the growth of comparison website cannot be ignored.

These comparison websites can be useful, but if you’re running a small business it’s probably a better idea to seek professional advice.

Getting advice

If you want expert advice on your small business insurance the best option is to speak with an insurance broker.

Insurance companies themselves cannot give you advice.  Their staff can speak to you about insurance, but they cannot provide personal advice or recommendations.

Although once upon a time you would need to use a local broker who you could meet with face-to-face, electronic communication is changing this.

Thanks to the internet, email and phone you can deal with a broker anywhere in Australia, rather than having to use a broker in Sydney or elsewhere in NSW.

Getting cover

Once you’re happy with the quotes you’ve received, and the advice you’ve received if applicable, the next step is to get your cover in place.

If you’ve contacted an insurance company directly you will simply take out the insurance with them.  This can generally be done over the phone or via their website.

If you’ve used a broker for the quotes (and possible advice) then you’ll need to contact them to proceed with the cover.

This can also be done over the phone or via email in some cases.  There is generally no need to meet with the broker in person.

So no matter where you are in NSW, getting quotes, advice and cover on small business insurance is as simple as picking up the phone or doing a Google search.

For more information please check out the other articles on our website, or follow this link to our online insurance quote form.

How do I get public liability insurance?

The internet has made it very easy to get covered for public liability insurance.

But whilst it’s easy to get cover, it’s more important to make sure you’re getting the right cover.

There are a few options for comparing and taking out a policy, and in this guide we’ll run through those options and tell you which one we think is best.

Obtaining and comparing quotes

Step one is to get a quote on your insurance.

There are three main options for obtaining quotes, as we have detailed below:

  • Contact an insurance company directly
  • Contact an insurance broker
  • Use an online service

If you have little or no understanding of business insurance, and are not interested in learning, then your best option is probably to use an insurance broker.

The broker will be able to speak to you about your needs, recommend a suitable policy and provide you with quotes, and then put the cover in place if you wish to do so.

If you’d rather be more hands-on with your insurance you can ring around to a few insurance companies yourself.

The insurance companies will provide you with quotes either via their call centres or their websites, but it’s important to remember that unlike a broker they will not be able to give you any advice.

An increasingly popular option is the use of websites to obtain and compare public liability insurance quotes.

If you’re going with this option it’s important to make sure you are dealing with a reputable website, preferably one that is run by a licensed insurance firm.

Going ahead with a policy

Once you’ve compared the quotes and have decided on a policy, the next step is to go ahead with a policy.

The method for this step depends largely on how you obtained your quotes.

If you obtained quotes via an insurance broker, they will walk you through the process of taking out the policy.

If you received your quotes directly from an insurance company you would contact them to proceed, and if you used a website generally they will have functionality allowing you to proceed online.

In most cases you will be required to complete an additional form known as a proposal.  This basically just confirms the information that you provided during the quote stage.

After that you just need to pay for your policy, and you’ll have a nice new certificate of currency which confirms your business insurance arrangements.

Which is the best option?

The best option to get public liability insurance really depends on your own preferences.

If you are not comfortable with insurance matters and just want to make sure everything is done correctly, then using an insurance broker is undoubtedly the best option.

In some cases it may be slightly more expensive to use a broker, but at least you know it will be done properly, and the time savings will most probably make up for the additional cost anyway.

For business owners who care more about price than anything else, then contacting an insurance company directly or using an online service could be the way to go.

It’s important to remember however that the call centre staff used by the direct insurance companies are generally not qualified or authorised to provide personal advice, so any decisions you make are really on your own head.

The websites can be a bit of a mixed bag.  Some of them simply gather leads and sell the details to other parties, whilst others have their own complex (and very impressive) online quoting systems.

Using a website could be a good idea, but it really depends on the website and whether or not it’s a ‘good’ one.

Sydney Cafe Insurance

When operating a cafe in Sydney there will be a range of business insurance types required.

One of the most important is public liability, and that is the one this article will focus on.

Some of the topic we’ll be looking at include what the policy covers, how much it costs and why it’s important for your cafe.

What does it cover?

Public liability insurance will cover your cafe business in the event that your business activities result in property damage or personal injury to another person.

A common potential claim for a cafe is the classic ‘slip and fall’.  If a customer was to slip or trip in your cafe and suffer an injury, you could be found liable for their costs.

Another potential claim which is less common, but still worth knowing about, is that of coffee and hot drink scalds and burns.

If you were found to be liable and responsible in any of these cases, your public liability insurance policy would cover the costs of a claim against you and your business.

What are the costs?

The cost of public liability for a cafe in Sydney will generally be quite low, especially when included in your overall cafe insurance package.

In terms of what will impact upon your costs, generally it is a case of the larger the business the more expensive the premium will be.

The insurer will look at factors such as the number of staff, your annual revenue and the number of seats in your cafe when determining your premium.

Why do cafes need it?

It’s all about protecting yourself and your business from the costs of a claim against you.

If you are found to be responsible for someone’s loss and therefore liable to pay their costs, the money involved can be huge.

A small claim for a customer who has sprained their ankle whilst in your store may not send you broke, but if that client was to suffer a serious back injury which affected their ability to work then you could be up for hundreds of thousands.

Whilst a typical cafe owner in Sydney may not have a spare couple of hundred grand laying around, your insurance policy can cover you for anywhere from $5 million to $20 million.

Get a quote

To get a quote on your insurance please complete our public liability quote request form.

You have worked hard to build your cafe business, so don’t risk not having the right cover in place.

Other Business Insurance Types

Our website is all about public liability, but it’s also important for Qld businesses to consider other forms of cover.

In this guide we’ll look at some of the other forms of business insurance available.

Which of these insurance types are necessary for your business will depend on the type of business you operate, but it will give you an overview of the covers available.

Property Damage

Once you’ve insured yourself against damaging other people’s property (via public liability insurance) the next step is to insure your own property.

Property damage insurance will cover your business property from a range of risks including fire, storm and malicious damage.

Cover for flood damage is also available, but keep in mind that not all business policies provide full flood coverage, which is especially important for businesses located in Queensland.

Theft, Glass & Money

These are actually three separate covers, but they are typically bundled together under a business pack.

Theft will cover your contents and stock in the event of burglary, whilst glass provides cover for all fixed glass within your premises such as windows and shelving.

Money covers a set level of cash held on your premises or in transit either to or from your premises.

General Property

General property insurance is separate to your standard property damage and theft covers, and is designed to protect your portable items such as tools or laptops.

The cover is more expensive than the standard property options, but does have the added benefit of protecting your tools and equipment anywhere in Queensland or around the country.

Professional Indemnity

In some ways this insurance is similar to public liability, but whilst public liability covers your physical actions, professional indemnity covers the advice or service you provide.

That’s quite a simplistic way of putting it, but it gives you an idea of what is covered.

Professional indemnity is generally only required if you provide a professional service, such as an account, solicitor or anyone else who charges for their advice.

Business Interruption

If you operate your business from dedicated premises, business interruption can protect you in the event that you cannot operate from the premises.

A claim would occur if your premises where damaged by fire or storm for example, and your business lost revenue due to not being able to trade for a period of time.

Other covers

There are other forms of cover available, and we recommend speak with a broker about which forms of insurance are right for your business.

For more information about the other covers available to Qld businesses please contact us.

Public Liability Insurance Qld

Here in Queensland we are blessed with a fantastic climate and natural beauty.

Qld is a great place to run a business, however things can still go wrong and that’s why we need public liability insurance.

Our goal is to make the public liability insurance process easier for all Qld businesses.  Whether you’re a sole trader or a large national company, we can assist with your public liability needs.

Public Liability Requirements in Qld

Most states and territories in Australia, including Queensland, operate with fairly similar rules when it comes to public liability insurance.

Despite this, there are some areas where businesses operating in Qld will require a different approach to public liability.

For example electricians operating in Qld must hold an Electrical Contractors Licence, and before a licence will be granted they must obtain a public liability insurance policy which includes a special option known as Consumer Protection insurance.

Not all public liability policies include consumer protection, and only certain policies are designed to meet the Qld electrical contractors licence requirements, so it certainly pays to use an insurance broker who known the Qld market.

What Does Public Liability Insurance Cover?

The aim of public liability insurance is to protect business owners from the financial consequences stemming from any property damage or personal injury that they cause to someone else.

If your business activities result in damage to someone’s property, personal injury to them or some other form of financial loss, you are financially responsible for that loss and any associated costs.

By having the right public liability insurance in place you can protect yourself, your family and your business from potentially devastating financial costs.

Public Liability Quotes

Obtaining a quote on your public liability insurance is easy thanks to the wonders of the internet.

To obtain quotes on insurance for your business, simply follow the links on our website and complete the online quote request.

For more information on public liability insurance please speak with your insurance broker or get in contact with us for an obligation free discussion.

Insurance for a New Business

Establishing a new business is an exciting time, but along with the fun jobs there are also a few less exciting tasks to be done.

Some of the fun jobs include choosing a business name and having a logo designed, as well as finding your new premises and fitting it out.

The less exciting tasks can vary, but in most cases business insurance will definitely fall into this category!

Whilst insuring your business may not be the most interesting part of setting up a new enterprise, it is certainly one of the most important if you wish to protect yourself and your business.

What are your risks?

Insurance isn’t just about choosing a policy and paying the premium. It is about protecting yourself and your business against the risks that you face.

Therefore the first step in looking after your business is to consider all of the risks to your business.

Many businesses will have common risks, but they will also have their own unique risks depending on the business type.

For example a cafe business and a tradie may seem very different, but there are in fact many common elements between a cafe insurance pack and a tradesman insurance pack.

Both business types have the risk of causing injury to another person. For the cafe it could be through slip and fall injuries, whilst for the tradesman it could be through workplace incidents.

Likewise the cafe owner and the tradesman both have property to protect. For the tradesman it will be his tools, and for the cafe owner it will be their fit-out and stock etc.

So the first step for your new business is to assess your risks. Some of the common ones to consider include the risk of:

  • Causing personal injury to others
  • Causing damage to the property of others
  • Providing advice which results in a financial loss
  • Having your property stolen or vandalised
  • Having your property damage through fire or storm
  • Being unable to operate your business for a period of time

Covering your risks

Thankfully a new business can cover many of the risks listed above with insurance.

The risks of causing property damage or personal injury to another person can be covered by public liability insurance, whilst the risk of providing negligent advice can be covered by professional indemnity.

Risks associated with loss or damage to property can be covered by a range of different covers designed to protect against theft, vandalism, fire, accident and storm damage

Getting good advice

If this is your first business and you have never required business insurance in the past, the best thing you can do is seek professional advice.

An insurance broker will be able to run through all of your business risks with you in order to determine which types of insurance you require.

The broker will also be able to obtain multiple quotes for you in order to get you the best deal on your cover, which is important since we all know the importance of keeping costs down in a new business.

We have put together a guide on choosing your first insurance broker to help with finding the right fit for you and your business.

Setting up a new business is an exciting time, and by getting your insurance right the first time you can save yourself a lot of time, money and heartache down the track.

Should You Use a Local Broker?

Once upon a time if you wanted to use an insurance broker you would use one from your local area, but these days things are different.

The internet has brought about major changes in so many areas of our lives, and this includes the ways that we interact with business professionals such as insurance brokers.

Whilst the rise of online services means that we can access services from anywhere around the country (or even the world), is this a good idea for you and your business?

So the question is, are you better off using a local insurance broker or looking elsewhere?

Benefits of using a local

One of the best things about using a local insurance broker is that you can speak with them face to face.

Not only is this good in terms of building a business relationship, but it also means that your broker can visit your place of business and see for themselves what potential risks need to be insured against.

Whilst this may not be a big deal for many small business types, it can become more important for larger businesses and those with a complex range of potential risks than need to be assessed.

Disadvantages of going local

The major downside to using a local insurance broker is that you’re restricting yourself to a small pool of expertise.

For example you may run a fairly unique business type in one area, but all of the brokers specialising in your industry are located interstate.

A local broker may still be able to help you, but by limiting yourself to the local area you are missing out on the specialist advice available elsewhere.

Benefits of going elsewhere

Technology means that we can now deal with a business insurance broker from anywhere in the country.

We can find a broker via an online search, we can research them and learn more via their website, and we can communicate with them via email, phone, online chat and even video conferencing.

This means that you can find the most suitable insurance broker for your business without being limited to a certain geographic area, and you can deal with them at any time that suits you.

If you are dealing with an insurance brokerage that only deals with clients via phone and email, you may also find that they can offer lower premiums due to their lower operating costs.

The downside of dealing with a remote broker is that you cannot deal with them face to face.

However, in most cases you still have the peace of mind knowing that you’re dealing with a qualified and licensed broker, and any decent broker will provide you with their mobile phone so that you can contact them whenever you need to.

With advances in online technology, there is no reason why insuring your business with an insurance broker who deals via phone and email should be any different to using one who deals face to face.

Small business insurance Brisbane

Brisbane is home to a large and diverse range of small businesses.

From cafes in New Farm to manufacturers in Darra, and everything in between, Brisbane is home to a thriving small business community.

It’s important to protect these businesses, and one of the most effective ways of doing so is with insurance.

So what do you need to know about insuring your business?

Importance of insurance

As small business owners we all know just how much work it takes to build and maintain our businesses.

We put huge amounts of effort into growing our businesses and building up financial security for ourselves and our families.

We also understand the importance of protecting our businesses and doing everything we can to reduce the risk of things going wrong.

But there are certain things that our out of our control.  No matter how much care we take, there are some things which are going to happen regardless of what we do.

This could be anything from a car crashing through the front of your restaurant to the recent floods that ravaged parts of Brisbane in 2011 and 2013.

And this is where insurance comes in.

Insurance is there to help your small business when things go wrong.

Small businesses (and their owners) arguably have more to lose than any other business type when it comes to things going wrong.

If a big business suffers a major loss it might put a small dent in their quarterly profit, but the same loss could be catastrophic for a small business, sending it and its owner bankrupt.

It’s just not worth putting all of the blood, sweat and tears into a small business if there a chance that you could lose it all.

Especially if you lose it all to something which could have been covered by insurance.

Using an insurance broker

When considering small business insurance there are two main options.  You can go directly to an insurance company, or you can use an insurance broker.

Here in Brisbane there are plenty of options either way.  You could use a local insurance company such as Vero, or you could use a local insurance broker.

The better option for small business owners is generally to use an insurance broker.

Why is this?

Because an insurance broker has the skills and knowledge, not to mention the qualifications, to provide you with personalised advice on your business insurance needs.

By going to an insurance company directly you will be able to obtain quotes easily enough, but generally their call centre staff are unable to provide personal advice to you.

An insurance broker on the other hand can analyse your small business and come up with a set of recommendations that suit your own personal needs and objectives.

When choosing an insurance broker it’s important to choose one who knows your business.

Choosing a broker whose office is just down the road might be convenient, but if they have limited experience with your type of business it might not be a great match.

By using a broker who knows and understands your business and your industry you are giving yourself the best chance of obtaining the right coverage at the right price.

More information

For more information on small business insurance in Brisbane please speak with an insurance broker.

If you do not already have one you can try the ‘need a broker’ service offered by NIBA, which is the National Insurance Brokers Association.

We also have a range of articles on our website which you can read, however please remember that online guides and articles are no match for professional advice.