As a tradesmen running your own business, public liability insurance is an absolute must. Working with tools and heavy duty equipment you want to ensure you are covered for possible third party injury and damage to property when you’re working on private and commercial sites. But how can you make sure you get the best deal there is on your public liability insurance? Here are a few handy tools of the trade to help you out.
1. Using a broker
When you’ve got a leak, you call a plumber, when you need insurance, you talk to a broker. Just as you’re an expert in your trade, brokers are experts in insurance and as you know, some things are just better left to the experts. Insurance brokers have access to a range of insurance providers and a great deal of knowledge about the insurance market. They can work with you to assess your needs, your level of risk and determine the level of cover you require. Your mortgage broker can then do the shopping around for you to find you the best deal on your insurance cover. This could be significantly more affordable than if you did the hunting around yourself.
2. Using an automated online system
Some insurance providers, like us at All Trades Cover, have automated systems you can use online to get you the best possible price for the cover your business needs. All you need to do is answer a few questions about your business in the online form and the system will assess your needs and provide you with the cheapest possible price for the public liability insurance you require – instantly. No waiting around for an email, no filling in lengthy forms, you don’t even need to pick up the phone let alone make an appointment. Automated insurance quoting systems online can give you a great price and fast.
3. Bundling your insurance products
Most tradesmen insurance providers, like All Trades Cover, also provide the personal insurances you need for your home and contents and your vehicle. In some cases you may be about to get discount on your public liability insurance by bundling several insurance policies through the same provider. For instance if you are a carpenter operating as a sole trader and you are looking to get public liability insurance as well as personal accident and illness cover for your business you could bundle these and your home and contents insurance with the same provider which may result in a discount on your entire policy. Talk to your insurance provider to find out whether you may be eligible for a discount on multiple insurance policies for both business and personal requirements.
The information is provided should be considered as a general guide to discounted public liability insurance. For all the specifics relating to your business, consult your chosen broker or insurance professional. Contact the trades insurance specials at All Trades Cover today to get a fast insurance quote online or over the phone on 1300 826 850.