More Insurance for Additional Protection
Aside from public liability insurance and given the risks, it is only smart for electricians to have more insurance products covering other needs as well. As they say, you can never have too much income protection when it comes to insuring yourself and your business. You might also consider other electrician insurance policies in your package.
Personal Accident and Illness Insurance
Accidents are inevitable and getting ill is always a possibility. These instances might force you to stop working for a while so you can recover. In this case, personal accident and illness insurance is an option you might wish to look at the options available.
If you are employing electricians or apprentices, having a workers compensation policy is compulsory for employers. This will cover electrical-related expenses should they have an accident while they are working.
Commercial Motor Insurance
It is a form of business insurance designed to protect the commercial vehicle in case of damage due to accident or even loss due to theft.
Management Liability Insurance
Is specifically for private companies and covers claims of wrongful management, employment practices breaches (wrongful dismissal or discrimination actions), crime (theft by employees or third parties), tax audit and statutory fines and penalties.
Tax Audit Insurance
Whether you run a small or large business or work as an electrical contractor. This insurance will cover your business for tax auditing by the ATO.
If you maintain a website or a digital record of your customers’ personal information, especially online, you are at risk of a data breach. This policy covers you from data theft.