What insurance does a business need?

Any business that employs people must have Workers Compensation cover, as it is a statutory requirement.  Fines and penalties apply for trading without Workers Compensation insurance.

Public and Products Liability is very important for any business, as it covers third party property damage and personal injury claims, arising out of a company’s work or products.

Office Insurance can be extended to cover buildings, stock, contents and tools both inside and outside the office.

Corporate Travel Insurance is important for any business that employs workers who travel.  It can also be an incentive for hiring and keeping staff.

Professional Indemnity insurance is important for any business where there is an element of advice or design in the work eg. solicitors, business consultants, real estate agents etc.  Professional Indemnity insurance covers professional errors and negligence associated with wrongful advice or design.

Management Liability insurance should be a serious consideration for any business in today’s increasingly litigious society.  Australia is widely regarded as being second only to USA with regards to litigation, so Management Liability insurance has never been more important.  It covers the directors and managers of a company as well as their personal assets against a whole range of different claims such as OH&S investigations, employee theft, wrongful dismissal, libel and slander etc.

If you're thinking of starting up your own business, or already own a business and would like your insurance reviewed, call Westralian Insurance today!  (08) 9302 1388...or visit www.westralianinsurance.com.au

What insurance does a make-up artist need?

You will need a Public and Products Liability policy if you are a make-up artist.  It is very important to check your policy coverage though, to ensure there is a treatment risk extension on the policy.  The coverage afforded under this extension varies by insurer, so you will need to read it very carefully to ensure it covers the application of make-up. 

You may also want to consider covering your makeup kit if you are a mobile artist – as this would most likely be very expensive to replace if it were stolen from your vehicle.

If you have employees, or use subcontractors, you will need to cover them for Workers Compensation.  Depending on your business structure, you may be able to cover yourself on the Workers Compensation policy – or if you're unable to do so, you may consider an Income Protection or Personal Accident and Illness policy.

 

For more information or a free quote, call Westralian Insurance today - (08) 9302 1388, or visit www.westralianinsurance.com.au

 

What insurance does a builder need?

The most important policy for a builder to carry is Public Liability.  This covers third party property damage and personal injury.

Builders always come into contact with the public and are often on third party property, so Public Liability claims are frequent.

Tools are also important to insure for their full replacement value.  Without their tools, builders are unable to work so covering them (especially against theft) is vitally important.

Workers Compensation is a statutory requirement for builders who employ others.  Many construction companies will not allow builders on-site without adequate Public Liability and Workers Compensation insurance.

Finally, Contract Works is another policy that builders should consider.  It covers a building contract during the construction phase and can include all tools and materials on-site.

There's a lot to consider as a builder and Westralian Insurance can help!  Call us today on (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance does a carpenter need?

Firstly, you will need insurance covering your Public and Products Liability.  This will provide you with cover should you be negligent and cause damage to someone else's property, or cause injury to a third party. 

 

You should also consider covering your tools - as a carpenter will usually carry expensive items such as drop saws and laser levels.  There are various levels of cover for tools available, including theft from a locked vehicle or premises and fire or damage caused by a collision or overturning of a vehicle.  An optional level of cover you can also include is Accidental Damage – ensuring you'll be covered if you drop that expensive laser level!

If you are engaging the services of subcontractors or employees, you will need to cover them for Workers Compensation.  Dependant on your business structure, you may be able to cover yourself on the Workers Compensation policy – or if unable to do so, you may consider an Income Protection or Personal Accident and Illness policy.

Westralian Insurance can provide the complete insurance solution, as well as assist with your paperwork and any claims.  Call us today on (08) 9302 1388 or visit www.westralianinsurance.com.au

Why do I need Professional Indemnity insurance?

Professional Indemnity insurance covers professional errors and omissions, wrongful advice and professional negligence.

It is vitally important for any business that gives advice or provides design services.

Professions that should consider P.I. insurance include insurance brokers, solicitors, architects, management consultants and environmental consultants to name a few!

Professional Indemnity claims are not as common as Public Liability claims but they are often very expensive and involve a large amount of legal costs. Westralian Insurance recommends that most businesses consider at least a $2 million indemnity limit.

Although not a legal requirement, the insurance industry considers Professional Indemnity to be one of the most important policies for any small, medium or large business to consider.

For more helpful advice and an obligation-free quote, call the knowledgeable and friendly staff at Westralian Insurance, on (08) 9302 1388, or visit www.westralianinsurance.com.au

What insurance should I have as a landlord?

A landlord needs to protect their investment.  Your building sum insured needs to be an accurate replacement value of the building, including costs for removal of debris and associated professional fees such as architect costs.  You should also include cover for contents such as carpets, curtains, fixtures and fittings.

Be sure to check that your policy has some cover for Property Owners Liability.

Finally, there are additional covers you can add to a Landlord Policy such as Loss of Rent, Rent Default and Theft by a tenant.

Westralian Insurance can answer your questions and provide an obligation free quote - call the knowledgeable and friendly staff on (08) 9302 1388 or visit 
www.westralianinsurance.com.au 

What insurance should a builder have?

 
The most important policy for a builder to carry is Public Liability.  This covers third party property damage and personal injury.  Builders always come into contact with the public and are often on third party property, so Public Liability claims are frequent.

It's also important to insure ALL tools, for their full replacement value, as without their tools, builders are unable to work!  Covering them (especially against theft) is vital.

If you employ staff, Workers Compensation is a statutory requirement.   Many construction companies will not allow builders on-site without adequate Public Liability and Workers Compensation insurance.

Contract Works is another policy that builders should consider.  It covers a building contract during the construction phase and can include all tools and materials on-site.

For more information or an obligation free quote from our knowledgeable and friendly staff, please call Westralian Insurance on (08) 9302 1388, or visit www.westralianinsurance.com.au

What insurance should an IT contractor have?

Ideally, you want to package both your Professional Indemnity and General Liability policies with the one insurer to avoid any 'grey' areas of cover.  There are a number of insurers who offer a tailor made Information Technology package, which includes additional cover specific to your industry. 

 

Westralian Insurance can answer all of your insurance questions plus provide a cost effective insurance solution - contact our office today on (08) 9302 1388, or visit www.westralianinsurance.com.au

What insurance do I need for my small business?

It is vital for any small business to have the correct insurance, as small businesses are often the sole source of income for a whole family.  

 

Any retail business should insure their contents and stock for their full replacement value.

 

The most common types of claims that occur with small businesses are storm/weather damage, fire and theft.  All these risks are covered when you take out a Business Pack Policy. 

 

Public Liability is also very important to any small business.  This covers third party property damage and personal injury.  Public Liability claims are becoming more and more common and they can often be expensive, so the general recommendation is a minimum of $10 million Public Liability cover for any small business.  

 

Workers Compensation is a statutory requirement for any small business with employees, so if you employee staff, you must take out Workers Compensation cover.

 

Westralian Insurance can assist with your business insurance and provide a thorough, obligation free quote.  Call today, 9302 1388.

What insurance do I need for my mobile plumbing business?

Most importantly, you will need a Public and Products Liability policy to cover your activities as a Plumber.  You will find that most policies have a limitation on underground services claims – this means that you need to dial before you dig and check the location of underground pipes and cables before carrying out any excavation work.  If you don’t check prior to commencing works, you may find that a subsequent claim will be declined.

Secondly, you want to ensure that you have coverage for your tools.  A good insurance policy should cover your tools for Fire, Damage in a collision and Theft from a locked vehicle or premise.  It is also possible to have the Theft cover extended to include Theft in the Open Air if you wish.

If you engage any employees or subcontractors, there is a requirement by law to cover them for Workers Compensation.

Income Protection or Personal Accident and Illness cover is also recommended.

For more information, call Westralian Insurance on +618 9302 1388 or visit www.westralianinsurance.com.au

Do I need Public Liability insurance?

Public Liability insurance protects you, and your business, from financial loss caused by property damage or injury to a member of the public at your place of business or whilst undertaking your work, Australia wide, resulting from negligence.  It is not compulsory in Western Australia, however it is advisable for all business to have a current Public Liability policy, especially if you are entering into contracts as it may be a requirement for these.  If you are own a retail shop or are a tradesperson, you should certainly consider Public Liability insurance cover.  For more information, contact Westralian Insurance on (08) 9302 1388.  www.westralianinsurance.com.au