What is a Certificate of Currency?

A Certificate of Currency is issued by your Insurer as proof that you have an active policy in place.  It is a document on Insurer letterhead, which outlines your cover and your policy period. In order to obtain a Certificate of Currency from your Insurer, the policy must be either paid in full or paid via monthly instalments.

A Certificate of Currency can only be issued once an insurance policy has been bound and paid for in full.  An insurance broker with the required binding authority can issue a Certificate of Currency on behalf of an insurer (called a Certificate of Insurance) as soon as payment for the policy has been received. Some brokers also offer Certificates of Insurance to their clients for a non-refundable deposit payment, typically around $100.

If you need a fast Certificate of Currency, Westralian Insurance can help.  Call our knowledgeable, fully qualified team today on (08) 9302 1388 or visit www.westralianinsurance.com.au

Does my business need terrorism insurance?

Terrorism, like cyber crime, can affect businesses of all sizes.  Many insurance policies automatically include Terrorism Insurance and include a levy for this. However, stand-alone Terrorism policies are also available and are particularly important for companies that operate globally.

If you're interested in learning more about terrorism insurance and whether it's right for your business, call the friendly, knowledgeable staff at Westralian Insurance today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

 

 

Does my online business need insurance?

Online businesses require Public Liability, just like physical retail and wholesale businesses.  Claims for third party property damage and personal injury can still be sustained by an online business.  Public Liability can also include Products Liability, which is vital for any retail business, whether they sell from a store or online.

This covers third party property damage or personal injury caused by products.  As long as the insurer is aware that the business is an online one, then Products Liability cover can be provided for any goods sold via the internet.  Stock and Business Contents stored at home or in a warehouse can also be covered under a Business Package policy.

If you're running an online business or considering starting up a side hustle, talk to the business insurance experts today!  Call the friendly team at Westralian Insurance today, on (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance do I need as a sole trader?

The type of insurance you will require as a sole trader will vary, and depend on your occupation.  For example, are you a mobile tradesman, a salesperson or do you own a business premise?  Are you a property owner, importer/exporter or a professional providing specialist advice? 

The list of potential insurance policies you may require, based on your individual circumstances, is exhaustive.  It is best that you speak with an expert insurance broker to ascertain which policies you should consider, when protecting yourself and your business. 

 

Westralian Insurance would love to help!  Call one of our professional and friendly, full qualified insurance brokers on (08) 9302 1388 or visit www.westralianinsurance.com.au today!

Does my business insurance cover insurance contractors?

Business Package insurance policies often include Public Liability cover.  However, it’s common for the Public Liability cover to exclude claims by subcontractors. Independent contractors should take out their own Public Liability policies in order to avoid having a claim declined by a Principal’s Public Liability insurer. 

It’s possible to obtain cover for subcontractors under some policies but it usually requires referral to the insurer and often requires the subcontractors to be named on the policy by endorsement.

Westralian Insurance are your small business insurance brokers.  We take the time to fully understand your business and will provide a complete insurance solution.

To speak with one of our fully qualified insurance brokers today, call (08) 9302 1388 or visit www.westralianinsurance.com.au

Does my business need Professional Indemnity insurance?

Any business that designs or provides advice, has a Professional Indemnity exposure.  Wrongful advice and design errors are claims that would be excluded by a Public Liability policy, but covered by Professional Indemnity. 

Examples of professions that would need Professional Indemnity insurance are solicitors, architects, management consultants and building surveyors.

If you're considering Professional Indemnity cover, or just have some questions which need answering, call the friendly professionals at Westralian Insurance.  Call (08) 9302 1388 today, or visit www.westralianinsurance.com.au

 

Do I have to cover sub-contractors for Workers Compensation?

In many cases, subcontractors have to be covered for Workers Compensation in exactly the same way as direct employees.  Although some subcontractors may be large businesses with all of their own insurance policies in place, some contractors may be sole traders who are ineligible for Workers Compensation. These types of subcontractors would have to be included on your Workers Compensation policy every year.

If you have Workers Compensation queries or would like a quote for your small business, call the team at Westralian Insurance today on (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

Does my business need Workers Compensation insurance?

Workers Compensation is vitally important, first and foremost because it is a legal requirement in Australia.  It’s also very important because it provides protection for your company’s employees in the event of a work-related illness or injury.  If your business employs staff or contractors and pays them a wage, then Workers Compensation is mandatory.

If you've got questions, Westralian Insurance can help.  Call our fully qualified, friendly staff today on (08) 9302 1388, or visit www.westralianinsurance.com.au

Does my business need cyber insurance?

Cyber-related crime is one of the fastest growing areas of criminal activity in Australia, so it would be prudent for any business owner to consider Cyber Insurance. 

The costs that can be covered or mitigated by a Cyber Insurance Policy, include data recovery following a hack, extortion and ransom costs and lost funds due to a malware attack or social engineering scam. 

Every business is at risk, so it's worth speaking with an insurance broker about Cyber Insurance for your business.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance do I need for my investment property?

An investment property needs Building and Contents cover just like an owner-occupied home.  You can also cover Loss of Rent, Rent Default and Theft By Tenant to add an extra layer of protection for the landlord.

If you own an investment property and have questions about insurance, contact the friendly professionals at Westralian Insurance today.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance do I need to deliver takeaway orders?

Commercial motor insurance is vitally important for a takeaway business, with the option of open driving for all delivery drivers.  Public Liability is also important in order to cover any potential claims for third party property damage or personal injury.  It is also a legal requirement for takeaways with employees to have a current Workers Compensation policy in force.

With the current climate, it's never been more important for businesses providing takeaway food and drinks, to ensure they are fully insured.

Westralian Insurance is here to help.  Call our friendly, knowledgeable staff today on (08) 9302 1388, or visit www.westralianinsurance.com.au

Why is Public Liability insurance important?

Public Liability is very important to any business that comes into contact with the public.  Normal indemnity limits range from $5,000,000 to $20,000,000 and above, and the policies cover any damage to third party property or injury to a third party during the course of normal work. 

Public Liability claims in Australia are common and the costs can be huge.  Without a valid Public Liability policy in place, one incident of third party property damage or personal injury could mean the end of a business.

For more information on Public Liability insurance for your business, call the knowledgeable and friendly staff at Westralian Insurance on (08) 9302 1388 or visit www.westralianinsurance.com.au

 

 

What are the insurance must-haves for bricklayers?

 

A bricklayer’s primary must-have policy is Public Liability, which covers third party personal injury or damage to property during the course of their manual labouring work. 

 

Bricklayers should also consider insuring their Tools of Trade anywhere in Australia.  A good Tools of Trade policy will include theft from the open air and theft from unattended motor vehicles which is a common occurrence in the construction industry.

 

Workers Compensation insurance must also be taken out for any bricklayers with employees.  Bricklayers should also include any sole trader subcontractors who work for them, under their Workers Compensation policy, as sole traders are not able to obtain Workers Compensation for themselves.

 

There's a lot to think about!  For more information, or an obligation free insurance review of your business, contact the knowledgeable and friendly staff at Westralian Insurance on (08) 9302 1388...or visit www.westralianinsurance.com.au

 

 

Why is Workers Compensation so important?

Workers Compensation is vitally important, first and foremost because it is a legal requirement in Australia.  It’s also very important because it provides protection for your company’s employees in the event of a work-related illness or injury.  The cost of the injured worker’s medical expenses and replacement income does not have to be met by the employer if they have a valid Workers Compensation policy in place.

If you've got employees, it is your legal responsibility to ensure you have Workers Compensation insurance.

Westralian Insurance is here to help!  We take the time to fully understand your business and subsequent insurance requirements.  Call us today on (08) 9302 1388, or visit www.westralianinsurance.com.au

Is insurance tax deductible?

Business Insurance is usually a tax deductible business cost that can be included in your BAS statement.  GST-registered businesses also have GST deducted from any claims settlements and the GST portion of the claim can then be claimed back at the end of the financial year in their BAS statement.

If you've got insurance questions, Westralian Insurance can help!  Call our knowledgeable and friendly staff on (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance does a painter need?

A painter would need Public Liability as they are frequently coming into contact with the public so they are at risk of damaging third party property or injuring someone.

Tools of Trade insurance is also important to cover theft or loss of tools. Commercial Motor and Trailer insurance is common for painters.  Workers Compensation is also a legal requirement for any painters with employees or subcontractors.

For more information on business insurance for tradies of all shapes and sizes, contact the friendly professionals at Westralian Insurance.  Call (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance does a self employed gardener need?

A self employed gardener would need Public Liability insurance to cover damage to third party property or injury to a third party.  They would also need Workers Compensation cover for any employees or subcontractors working for them. Tools of Trade, Commercial Motor and Trailer Insurance are also very useful for self employed gardeners.

If you own a small business and need professional and honest insurance advice, Westralian Insurance can help.  Call us today on (08) 9302 1388 or visit www.westralianinsurance.com.au

What insurance do I need to be a private carer?

A private carer should have Public Liability insurance to cover damage to third party property, or injury to a third party.  Workers Compensation is also a legal requirement for any private carers with employees or subcontractors. 

It would also be a good idea to insure the directors or principals for their own work-related injuries or illnesses.  This can be done via Workers Compensation as a working director, or Income Protection/Personal Accident if the business is set up as a sole trader or partnership.

Understanding which insurance cover you need can be confusing, so talk to the friendly professionals today.  Call the team at Westralian Insurance on (08) 9302 1388, or visit www.westralianinsurance.com.au

 

What insurance do I need for my 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 (08) 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, call the friendly team at Westralian Insurance on (08) 9302 1388, or vist www.westralianinsurance.com.au

What is small business insurance?

Small business insurance normally relates to Business Package insurance policies. These policies are a good way to cover off many of the risks facing small businesses, without having to set up separate cover for each item.  

These policies can include Public Liability, stock, contents, theft, glass, machinery breakdown, money and Business Interruption amongst others.  Costs vary depending on the covers required and the size of the sums insured under each section.

Now more than ever, it's time to ensure your business is fully insured.  The team at Westralian Insurance are fully qualified, and will take the time to understand your business and individual risks, resulting in a fully integrated insurance solution.

Call Westralian Insurance today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

What insurance do tradies need?

Tradies need Public Liability insurance, in order to cover claims for third party property damage and personal injury.  Some Public Liability policies can also be extended to provide Australia-wide cover for Tools of Trade.  Workers Compensation is a legal requirement for any tradies with employees or subcontractors.  

Some tradies may also need Builders Warranty if they work on residential construction projects valued at $20,000 or more.  Work vehicles, utes, plant and equipment can also be included on certain policies for tradies, or insured separately.

If you're a tradie and have insurance questions which need answering, we can help!  We'll take the time to review your business requirements, explain the different types of insurance available, and ensure you're fully covered, so you can get on with running your business.

Call our locally owned and operated office today, on (08) 9302 1388, or visit www.westralianinsurance.com.au

 

When should I get insurance? 

You should consider purchasing insurance as soon as practically possible.  If you are starting a business, you should put insurance in place before you start trading.  If you are purchasing a house or car or any business equipment, then you should insure the asset prior to purchase.  Purchasing an insurance policy should be a top priority on your to-do-list.  It’s too late to insure a house if it’s already on fire!

If you're looking to start your own business, you're bound to need insurance - to protect your most important assets and mitigate your business risks.

Chat with an insurance professional today.  Call Westralian Insurance on (08) 9302 1388 or visit www.westralianinsurance.com.au

 

Do I need insurance for my business?

If your business employs anyone, then Workers Compensation insurance is a legal requirement.  This covers replacement wages and medical expenses for an injured worker, in the event of a work-related injury or illness. 

Public Liability is also very important for businesses in order to cover claims for third party property damage or personal injury.  An injury or property damage allegation by a third party could be disastrous for a business that’s trading without Public Liability insurance. 

The physical assets of the business should also be insured under a Business Package policy which can cover contents, stock, theft, glass, machinery breakdown and business interruption amongst others.

Westralian Insurance is here to help, with fully qualified, professional and friendly staff, alongside a vast knowledge of the West Australian market.

Call Westralian Insurance today on (08) 9302 1388, or visit www.westralianinsurance.com.au

Do I need insurance when building a house?

It’s a good idea to consider Owner Builders insurance when building a new house. Owner Builders Insurance includes cover for the entire construction period, including the tools and materials on site, plus Public Liability for third party property damage and personal injury claims. Workers Compensation cover for the contractors working on site is also a legal requirement.

You've got more than enough to think about when building a house!  So when it comes to insurance cover, call the friendly professionals at Westralian Insurance.  We'll review your individual building project and design an integrated insurance solution to suit your needs.

Call (08) 9302 1388 today, or visit www.westralianinsurance.com.au