There are a range of insurance policies which may apply to tradies working in Queensland but an important form of insurance to consider is Public Liability Insurance.
Public Liability Insurance is one of the most well-known and well used forms of insurance, and for good reason. It protects you against the cost of damage to property or injury to a person that might occur in your day to day work. Public Liability Insurance will also cover the cost of legal bills associated with a claim.
For tradies working in Queensland, it’s important to consider Public Liability Insurance as in many cases you may find it’s a mandatory form of cover.
Differences for Queensland Electricians
If you work as an electrician, it’s important to know that it’s mandatory in Queensland for you to have a form of Public Liability Insurance in place which includes consumer protection insurance. This is designed to protect consumers. Without the right cover in place, you’ll find you won’t be able to renew your electrical licence. If you work as an electrician in Queensland and aren’t sure if you have the right form of cover in place, it’s best to have a chat with your insurance broker.
Queensland electricians need to make sure they have a public liability policy of at least $5 million and also need to have $50,000 cover in place their consumer protection insurance. Other than the specific requirements in place for electricians, the requirements for Public Liability Insurance for other tradies are similar to the rest of Australia.
Make Sure You’re Covered
Although there’s no legal requirement for most tradies to have Public Liability Insurance in place in Queensland, you’ll often find that you can’t enter certain worksites or get work as a subcontractor without this cover in place. A lot of the larger building and construction companies will want to confirm that you have Public Liability in place before they take you on.
The cost of your Public Liability Insurance will depend on a number of things including the type of work you carry out, the size of your business and the amount of cover you need. As a general rule, if you work in a higher risk area then the cost of your Public Liability Insurance policy will be higher. However, this will depend on your specific circumstances.
Rather than leaving yourself open and hoping for the best, make sure you’re covered by Public Liability Insurance. Remember, if a claim is successful you could be up for the cost of medical bills, rehabilitation, repairs and replacements and this could run into the thousands of dollars. Speak to your insurance broker today about having the correct cover in place.
At All Trades Cover we specialise in providing insurance to tradies all over Australia, including Queensland. To discuss getting Public Liability Insurance in place or for any other questions, give All Trades Cover a call on 1300 826 850 today. You can also fill in our online form for a quick and easy quote.