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.

Qld Electrical Contractors Insurance

When it comes to electricians insurance, Queensland is unique in its public liability requirements.

Most Australian states require that elections hold public liability insurance, but here in Queensland there is an additional requirement that states the cover must include a special option known as consumer protection.

Insurance Requirements

The Qld State Government requires that all electrical contractors hold an Electrical Contractors Licence, and in order to obtain or renew this licence the applicant must have an appropriate insurance policy in place.

Electrical Contractors Insurance Qld

The required insurance is a public liability policy of at least $5 million, plus a special inclusion known as consumer protection insurance.

The amount of consumer protection insurance required is no less than $50,000.

A special certificate of currency is required in order to apply for or renew a licence, and the certificate must be signed and stamped by the insurance broker.

Insurance Providers

Not all insurance providers offer a public liability policy which meets the Qld requirements.

Two of the major insurers offering cover are QBE and Vero, and there are a number of less known insurers also offering cover.

A better option may be to use an insurance broker, and in particular one that is familiar with the Qld electrical contractor insurance requirements.

Such a broker will not only know which insurers offer the right cover for your licence, but also which ones provide the most competitive premiums.

If you are speaking with your insurance broker and they are not familiar with the requirements, make sure they don’t give you a normal policy as it won’t be good enough for your licence.

Electrical Contractors Licence

Once you have obtained your appropriate public liability and consumer protection insurance policy, as well as the correct Qld State Government approved certificate of currency, you will be ready to apply for or renew your electrical contractors licence.

Of course there are other requirements when applying for a licence, such as having the right qualifications, but generally it is the insurance requirement which holds up most licence applications.

The licensing authority is very specific on making sure the name on your licence application is an exact match for the name on your certificate of currency, so make sure you get the details spot-on in terms of your company or trading name if applicable.

Insurance Cost

As with all forms of insurance, this price for Qld electrician’s public liability cover can vary from company to company.

A recent survey of insurance brokers revealed a premium of between $550 and $850 per year.  If you are quoted higher than this figure it may be worth asking your broker for a better price or to start shopping around.

Your public liability insurance cost can be affected by other factors, so best to check with your broker for the coverage details before rushing off to use someone offering a cheaper price.

Electrical Contractors Insurance

Whilst there are various forms of insurance available to Qld electricians such as income protection and tool insurance, the most commonly required form of insurance is public liability.

Only certain insurance companies offer a policy to suit the Qld electrician requirements, and in order to obtain or renew your licence you will need to be able to confirm your policy meets the criteria.

There are other forms of electricians insurance available and that could be right for you, but public liability (with consumer protection) is the only one that is mandatory for your contractors licence.

Broadform Liability Insurance

A Qld electrical contractor’s insurance policy is based upon broadform liability.  Broadform liability is essentially just another name for a public and product liability policy.

A broadform liability policy is generally available in amounts of $5, $10 and $20 million.  The minimum requirement for Qld electricians is $5 million.

It is important not to choose a policy based on the broadform coverage alone, as your electrician insurance in Qld must also include consumer protection cover.

Consumer Protection Insurance

All policies which meet the eligibility requirements for an electrical contractors licence in Qld must include a special option called consumer protection insurance.

The requirement for consumer protection insurance is unique to Qld electricians, and is designed to protect the customers of electricians in Qld.

All policies must contain coverage of at least $50,000 consumer protection to be accepted by the Qld government for an electrician.

Certificate of Currency

In order to obtain or renew your contractor’s licence you will need to provide the licensing authority with a copy of your certificate of currency.

You cannot just use any certificate of currency issued by your broker or insurance company.  Instead you must have your broker complete the special certificate issued by the Qld government.

The special certificate of currency issued by the government confirms that the policy you have been issued does comply with the broadform liability and consumer protection requirements.

Insurance Quotes

The good news for Qld electricians is that the insurance they need does not have to be expensive.

A suitable policy can be had from around $600 for the minimum acceptable amount of cover.  This price can vary depending on the specific details of your business, and the best way to get a firm quote is via an insurance broker.

For more information on the insurance requirements for Qld electricians check out the official government website or contact your insurance broker.