Definitions

We are sure you have heard plenty of terms that you do not understand, even if you have been in your industry for some time now. By knowing the definition of certain phrases such as Third Line Forcing can help you in different aspects. It’s not bragging rights; it is a way for you to understand those specific terms.

It is always best to focus more on definitions relating to your industry. Tradies, for example, have their own terminology, which other works, such as restaurant servers or waiters, may not understand.

Some terms are not trade or industry-specific. If you are in the process of buying insurance for your business or yourself as an employee, learning and comprehending insurance terms are a must. Do you know what Certificate of Currency (Insurance) means? You only need to click on this link, which will take you to a blog entry defining the mentioned term. Whether you are insurance-hunting or simply improving your vocabulary, we are here for you.

The All Trades Cover blog contains all sorts of definitions that you will surely find useful for your business or occupation.

Certificate of Insurance or Certificate of Currency
Certificate of Insurance or Certificate of Currency

Certificate of Insurance A document to confirm insurance exists for a business or individual at a specific time A Certificate of Insurance is the document provided by your insurer or Insurance Broker in order to confirm the details and currency of the insurance policy. This is the document that will confirm to third parties that you have the appropriate cover…

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Third Line Forcing – What is it? What are my Rights?

Third Line Forcing When a company or franchisor forces one of their contractors or franchisee to use a financial product or service this is known as Third Line Forcing and is illegal. A company or a franchisor may require that you have adequate insurance protection to a certain standard, however, they can not enforce who that cover is with. As…

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