Starting a new business is a challenging endeavour, especially for contractors who are faced with many risks on the job. One of the most important things that new contractors should consider when starting their business is public liability insurance. This type of insurance is designed to protect contractors in the event of an accident or injury to a member of the public while on the job. But why should you make it a top priority for your new venture?…
If you are new to the world of small business, you may be assessing your insurance needs. While you may be surprised to hear that only certain types of insurance coverage are legal requirements in Australia, you should nevertheless consider taking out policies to protect yourself and your assets. However, it can sometimes be difficult to understand the various solutions. For example, what’s the difference between public liability and professional indemnity coverage, and do you need both?…
Insurance brokers are professionals that provide consultation services to people who wish to take insurance coverage. Below is an excerpt discussing the benefits of hiring an insurance broker.
Once you hire an insurance broker, they will assess your needs to determine what type of coverage you need. For instance, if you run a manufacturing plant, you need to insure your employees and business assets. You will also need product liability insurance to protect you from suits arising from defective products.…
