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You may well need to consider additional types of cover for your individual needs, but in general, the following policies are some of the ones worth considering:
Let’s have a look at those in a bit more detail.
Public Liability insurance can be0 compulsory for many Australian businesses. So, this is one worth looking at closely.
Public Liability insurance helps cover legal fees and compensation costs if a customer, member of the public, or a supplier sues you for injury or damage to their property as a result of your alleged negligent business activity.
Details vary between insurers so check the details with your provider, but generally, Public Liability covers the following:
One point to consider is that Public Liability Insurance helps cover the public - not you, your employees or your property.
Check your individual policy but, in general, the following things may not be covered by Public Liability Insurance.
As a handyperson, what would happen if you had a minor accident, at work or home and broke your hand? A handyman that’s one hand down would be struggling to work.
Or you might suddenly get ill. If you’re not fit to work, how will you pay all the bills without an income?
Personal Accident and Illness insurance can provide levels of cover for loss of income if you are unable to work, permanent disablement and even death as a result of an unexpected injury or illness (even if it occurs outside of your employment).
As individual policies will vary, you’ll have to check these details with your provider.
Typically, the following things may not be covered by these policies, but you should check the details with individual providers:
Obviously, you are your business’ main asset. But even you couldn’t do your job without your gear.
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 fire, storm, theft or even accidental damage).
A Business Insurance package can also cover your portable equipment, glass and for loss of revenue due to business interruption in specified circumstances. In addition, cover is available for public liability, tax audit, employment practices and statutory liability risks.
iSelect has partnered with BizCover to help you find a policy which you may find handy for your business.
You can start checking for suitable policies from a range of policies right now online.
Last updated: 27/04/2022