Electricians are highly skilled tradies and also work in a relatively risky profession. To make sure you’re covered, you need to have public liability insurance at place to protect yourself financially.
What is public liability insurance?
Public liability insurance is designed to protect you financially if you cause damage to property or injury to a third party whilst you’re at work. It also covers legal bills if you need to hire a lawyer during the claims process. Your liability cover gives you peace of mind and allows you to continue to do your daily work without worrying.
Why do electricians need liability cover?
It’s hard to find a trade which doesn’t require public liability insurance and electricians in particular need to make sure they have cover in place due to the risks associated with day to day tasks. If you’re found liable after a claim you could be required to pay many thousands of dollars for damages which could spell financial disaster for you and your business. For electricians, damage can occur very easily from damaging client property while installing lights in a client’s home to more serious damage while onsite.
Although public liability insurance for most trades is generally not compulsory, in certain states of Australia electricians need liability cover before obtaining a licence. It’s also likely that companies you subcontract for will require proof of cover.
What will it cost?
The cost of public liability insurance for electricians will depend on a number of things including where you work, the type of work you do, the size of your business and your number of employees. Generally speaking, the higher your risk then the higher your premiums as there is a greater chance of something going wrong. For example, if you suddenly take on a large number of employees then you can expect your premiums to rise as they will need to be covered under your policy. However, if you previously had a large contract on a mine site but have moved to a safer location then your premiums might fall.
Generally, you’ll find that the cost of public liability insurance is similar across different insurers and the policy itself is where you’ll find variations. Always have a close look at the Product Disclosure Statement to make sure the policy you’re looking at is best for you or have a chat to your insurance broker who will be able to tell you if the policy is appropriate.
Quality insurance for you
If you’re an electrician and are looking for fast and easy public liability insurance, look no further than All Trades Cover.
All Trades Cover is Australia’s fastest growing tradie insurance provider and our focus on tradies means we understand your areas of risk so we can ensure you’re protected. With our help, you can have a top quality insurance package at a great price. When it comes to claim time, we deal directly with the insurer on your behalf which makes things a lot easier for you.
Contact All Trades Cover today on 1300 826 850 for electricians public liability insurance or for any other questions.