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Insurance for Victorian Businesses
Do you own or operate a small to medium sized business in Victoria? If so you will probably need public liability insurance.
Here at publicliabilityinsurance.com.au we have a network of insurance brokers and advisers located around Australia who can help with quotes and information for business owners.
In this guide we’ll take a look at some of the important considerations when it comes to insurance for Victorian businesses.
What is Public Liability Cover?
Before we go into the more specific details on how public liability works for Victorian businesses, we will first take a quick look at what this form of insurance actually covers.
Public liability is designed to protect businesses against the financial consequences of property damage or personal injury suffered by other people as a result of business negligence.
If your business activities result in property damage or personal injury, and you are found to be responsible, normally you would be liable for the costs. In extreme cases such costs have the potential to stretch into the millions.
By having the right insurance in place you can avoid these costs, but of course you need to make sure you have the right cover in place to suit your particular business.
Who Needs it in Victoria?
Virtually all businesses in Victoria will be able to benefit from public liability. In terms of who needs the cover, it will be any business which has a risk of causing property damage or personal injury.
For many tradesmen this form of insurance will be mandatory in order to enter certain worksites. Some trades, such as electricians, will also require the insurance in order to obtain their contractor’s licence.
All sorts of other occupations and business types in Victoria could find themselves needing public liability. Generally the company requesting your services will let you know if they need you to have cover.
Special Victorian Requirements
The insurance requirements for Victorian workers and businesses are generally no different to other states, but there are a few small differences.
One such difference is plumbers working in the state. Unlike other Australian states, plumbers in Victoria will need a special extension to their cover known as ‘Victorian Plumbers Warranty’. This extension is available from a number of public liability providers.
Insurance Quotes & Further Information
There are plenty of insurance brokers and advisers operating in Victoria who can assist with quotes and advice, but if you don’t already have a broker, we can assist you.
By submitting a request via our online quote form you can access quotes for public liability from a range of different providers. We will put you in touch with a suitable broker who will contact you with your quotes and answer your questions.
If you would like more information please contact us on 1300 542 245 or complete our online contact form.