Public Liability Insurance for Locksmiths

Due to the hazardous nature of some worksites, there are plenty of things that can go wrong. Thankfully, public liability insurance can cover some of these risks at a very affordable cost, and can protect a tradesman from some of the largest financial losses they can experience.

This type of insurance was designed to protect business owners from the financial risks of causing property damage or personal injury to other people in the day to day operation of their businesses. It doesn’t cover injuries to you (that’s personal accident and illness insurance) or your employees (that’s workers’ comp).

When your business activities causes property damage or personal injury to another person, you will generally be liable for any resulting financial costs. This can range anywhere from a few hundred dollars for a minor claim through to millions of dollars in extreme cases.

Rather than having to pay this money out of your own pocket and risking both your business and personal assets, you can get public liability cover. The insurance company will then take care of the financial payout – provided that the claim is within the policy limits.

Your time is precious. That is why we make it easy as possible to get your quote. Simply click here and complete the form to receive an online public liability insurance quote instantly.

Your business can be protected for up to $20,000,000. To find the right amount of coverage for you, we advise getting in touch with one of our expert insurance brokers.

As a sole trader, public liability is a popular choice of cover and provides a safe environment for third parties when they interact with you as a small business owner. For guidance as to whether this type of cover is right for your situation, click here.

No. Public liability cover was designed to protect business owners from the financial risks resulting from causing damage to property or personal injury to other people in the day-to-day operation of their business.

While each policy is a little different, there are several standard elements you will find in most business packs. Business insurance is an insurance package designed to provide cover for your business contents, stock, tools, and commercial premises when an insured event occurs such as a fire, a storm, theft or even accidental damage. A business insurance package can also cover your portable equipment and glass, as well as loss of revenue due to business interruption in specified circumstances. It also offers the option of selecting public liability cover – however, that is not automatically included.

If you are a tradesperson working on a building site or any customer premises, you will need an adequate public liability or third-party liability insurance policy. Additionally, if you own a motor vehicle, a motor vehicle insurance policy will also be necessary for protection and peace of mind.

As a sole trader, you have unlimited liability. This means that in the event of personal injury to a third party or damage caused by your business to someone else’s property, you could be liable for all debts and business expenses. If you are insured appropriately, your policy can cover expenses resulting from an incident as well as legal representation costs if necessary.

Yes, it is in your best interest to have enough public liability insurance coverage, even if you have not made any profit yet. There is always the possibility of an unexpected accident occurring when visiting a customer’s premises. Many contracting companies will not allow tradies or subbies to work on their jobs unless they carry public liability policies. It is advisable to sit down with your insurance broker to review your coverage and inform them of any changes in your business to ensure your policy remains effective and meets your needs.

Because your sub-contractors are considered to be self-employed, your public liability policy will likely not cover them. To protect yourself and your subbies, ask subcontractors about their public liability cover before they begin working with you. This is vital because there are cases where a company’s public liability cover has paid for damages caused by a sub-contractor but later went to the sub-contractor for reimbursement.

Make sure you check their Certificate of Currency, paying close attention to name on the certificate, date it was issued, occupation and policy period.

If you need public liability cover that covers your sub-contractors as well, you can contact us to discuss our options as we have tailored insurance options as well.

It is essential to note that public liability and professional indemnity insurance are part of business insurance covers dealing with compensation claims. The difference comes in due to the nature of the claims that the two policies cover.

For instance, public liability insurance helps protect you as a plumber against claims that clients and other people make for injury and property damages. Typically, this insurance helps cover accidents or problems that may arise when undertaking your activities on site.

On the other hand, professional indemnity insurance helps cover you for clients’ claims due to your professional negligence and errors-when you fail to deliver what the client wants, and they demand compensation. The professional indemnity insurance will help cover any damage or legal fee needed for compensation.

It is possible to cancel your policy when need be, if so you only get charged for the time you have been covered for.

There is no paperwork involved whatsoever when setting up your public liability insurance.

You don’t need to stress, give us a quick call on 1300 826 850 and we will update all changes for you and send you out the amended documents.

Same as above, give us a quick call on 1300 826 850 and we can send you the appropriate details to be completed.

Less than a few minutes!