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Being properly insured could help to give you peace of mind, so you can concentrate on building your business (pun intended).
This article will run you through some of the Business Insurance products that could be of use to bricklayers. We’ll give you an outline of Public Liability Insurance, Portable Equipment Insurance, Tax Audit Insurance, and Personal Accident and Illness Insurance. Although this article may give you some handy tips on what to look for in Business insurance as a Brick layer, it is important to read through any policies Product Disclosure Statement before making any purchasing decisions.
Put simply, Public Liability Insurance generally cover you if a third-party claims that your negligent business activities caused them injury or property damage. This includes defence costs cover.
Many public liability policies also provide cover for product liability.
Compensation is not covered for:
It’s important to check individual policies for inclusions, exclusions, and terms and conditions.
‘Negligent business activities’ sounds like it refers to seriously dodgy practices. The truth is, it could be as simple as dropping a brick and damaging an expensive terrazzo floor, or somebody’s foot. If this happens, your business might be held responsible, and depending on the damage done or injury caused, it could get expensive. So, for bricklayers, Public Liability Insurance could be worth considering.
As a bricklayer, getting Portable Equipment Insurance (also known as general property insurance) maybe something you have thought about to give you extra peace of mind if your tools might be exposed to damage or loss.
Portable Equipment Insurance maybe able to cover specified items such as tools, business equipment or electronic items, or unspecified items of lower value. You may be looking to choose a comprehensive policy, which may include accidental damage to your equipment, or an insured events policy, which includes events like fires, theft by forcible entry, explosions or storms.
Loss or damage to your portable equipment that is caused by:
Portable Equipment Insurance may be worth considering for bricklayers, particularly if you often have expensive tools and equipment secured, but not necessarily in sight when you’re at work.
It’s important to know that individual policies will vary and terms and conditions on the cover will apply. So, check before you insure and if something’s not clear, ask.
Tax Audit Insurance covers a business for specified costs in the event that it is selected by the Australian Tax Office for auditing. This benefit may cover for the costs of accountants and other nominated professional fees incurred in the course of an official tax audit.
Bricklaying is a physical job, so an accident or illness could prevent you from working. Worst case scenario – your income dries up, but, the bills keep coming in.
If the unexpected does happen, Personal Accident and Illness Insurance may cover your income and provide benefits for permanent disability and even death if you’re unable to work due to illness or injury. So, if you can’t work due to sickness or injury, it may allow you to focus less on lost income and more on getting back to feeling your best.
An injury or illness that is the result of:
Again, as with all insurance, it’s important to check the terms and conditions of your policy, and make sure you’re suitably covered.
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Last updated: 8/12/2021