... It is also becoming a more common requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies. Public Liability Insurance* Chances are you spend most of your time ...
read more... that have ten or fewer employees. We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the data included within this article ...
read moreInformation Technology Insurance Professionals in the information technology ... ... future employees; and Upon request, Contractors, Sub-contractors as individuals as well as liability arising out of the work performed on behalf of the entity. IT Liability insurance policies need to provide cover ...
read more... he would have been personally responsible for paying these costs. ^QLD Electrical contractor insurance requirement sourced from ESO (2016, August 19th) worksafe.qld.gov.au/licensing-and-registrations/electrical ...
read more... leading-edge online insurance model that connects independent professionals and small businesses ... to critical Professional Liability (E&O) insurance for independent professionals and small businesses. Our online model (made mainstream by the personal auto ...
read moreBuying any insurance, can be a confusing and ... to getting your Professional Indemnity Insurance, it can be even more ... ... t understand the technical terms, speak to an insurance professional who can help you understand the meaning. ... to you arising from the actions of the contractor or subcontractor. 7.Is Professional Indemnity Enough? ...
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read more... business, even if you can't reduce all of the stress. Independent feedback from our customers rated our service at excellent. *As with any insurance, cover will be subject to the terms, conditions and ...
read more... you are doing business. Excellence in Customer Service Independent feedback from our customers rated our service at excellent. Download Business Insurance Fact Sheet Get the cover that is right for ...
read more... error or omission. Particularly if you perform part-time independent or contract work, or any type of voluntary work that ... or a series of claims during the period of insurance add up to and exhaust the specified Limit of ...
read more... protection for you while you help your clients. Whether you a sole trader, contractor or carer possibly as part of the National Disability Insurance Scheme (NDIS), you could be exposed to risks which may result in a ...
read more... are a variety of business insurance [] ... Market stall-holders – A minimum level of Public Liability insurance is often required when having a stall at a market. ... trainer who provides training services as a sub-contractor at a gym. A client attending an ...
read more... the right kind of business insurances in place. Regardless [] ... ... in place. Regardless if you are self-employed, a sole trader or a contractor, there are business insurance options to suit your busi ness and its needs. Let's take a look at what is often one of the most ...
read more... that the claims professional indemnity insurance covers are only the experiences ... ... that if anything happens that causes them a loss, your insurance will pay for it. Such an example may be that you area private consultant and the contractor made an error in numbers causing your client a financial loss ...
read morePublic liability insurance covers your business for losses ... . Failure in obtaining public liability insurance policy can expose a business ... ... interact with public space (construction, parks etc.), or welcome visitors and sub-contractors should check to see whether there is public liability insurance is in place first. In the trades industry, there may also be ...
read more... a professional, considering Professional Indemnity insurance to protect* you and your ... ... a duty of care for the network of clients, contractors, other consultants and members of the public involved. One ... engineers, there's no one size fits all insurance solution because every business is different and no two ...
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read more... (such as fire, storm, wind). Business Interruption* - could your business survive being shut for a week? This insurance will cover for financial loss as a result of an interruption to your business caused by an insured ...
read moreIf your insurance is due for renewal or ... a health check of your insurance to ensure that if the ... ... wanting to do a general review of your business, it's worth taking time to do a health check of your insurance to ensure that if the unthinkable happens and your business is hit by a major event, you not only have the ...
read more... to make Professional Indemnity Insurance simple (also known as ... errors and omissions insurance, PI or Professional Indemnity ... is Professional ... know if they are getting the best deal. This is where BizCover steps in to satisfy your Professional Indemnity Insurance needs. BizCover allows you to get live online quotes in under 2 minutes , and purchase in only ...
read more... is Small Business Insurance. But what kind of insurance do you actually ... ... of a salon owner who has a shop front. However, one thing's for certain, and that is, finding the right insurance is an essential part of managing the risks involved in operating your business. And let's face it - all ...
read more... piece of our Business Insurance for the self-employed ... Accident and Illness insurance and Cyber Liability insurance. We share ... is Personal ... at work. He required surgery and time off work to recover following his injury. His Personal Accident and Illness insurance provided a weekly benefit of $1,700 a week for a period of six months. The total policy benefit ...
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read more... reductions on their Public Liability insurance, while prices have remained steady ... ... its highest in five years and transport costs increasing steadily. The increase did not affect the cost of insurance for small businesses on the BizCover platform as prices dropped to the lowest point in 24 months. The ...
read more... yourself and your company with insurance is a smart investment. Land ... ... to a cyber attack or breach of information where the land surveyor may be held accountable. A Cyber Liability insurance policy is designed to help protect you from claims and support your profitability in the event of a ...
read more... expanded their general insurance offering to include business insurance, through a partnership ... , Australia's leading small business insurance ... with one of BizCover's trained consultants. Mark Pangrazio, iSelect's Head of Commercial for Health & General Insurance, said the company was thrilled to be partnering with BizCover to assist it in focusing on the SME ...
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read more... clients buck the trend of insurance price hikes. Whilst the Australian ... the availability and pricing of insurance for SMEs, BizCover can report ... there were some clear winners and some losers. The Full Report can be viewed here: SME Insurance Price Index Public Liability insurance is an essential cover for SME's and one that most can't afford to operate without ...
read more... where having the right business insurance in place is vital. Let ... and outs of how business insurance can protect your interior design ... ... saves the day, by providing financial protection when you need it the most. Personal Accident and Illness (PA) insurance covers you for loss of income if you were unable to work as a result of an injury or ...
read more... , that's when your business insurance comes into play. We've ... ... you delivering on projects . W hen things don't go to plan, that's when your business insurance comes into play. We've put this simple guide together to help graphic designers get a better understanding ...
read moreGetting the insurance sorted for your small business ... , compare quotes and buy the insurance that suits your business. But ... not know about small ... to review and update your coverage every year. No doubt your business is on the move and changing and so your insurance needs will also be changing and you'll want to make sure you have a policy that covers your business ...
read more... Professional Indemnity and Public Liability insurance. #1 Protection against claims of ... ... modality/modalities, with a minimum of $2 million coverage (each claim). You must show proof of your insurance by providing a copy of your policy or certificate of currency, including the modalities covered and insured ...
read more... advisable that you have professional insurance, which can also be referred ... to as professional indemnity insurance. Professionals are expected ... , which can be filed against them by their clients. It is advisable that you have general business insurance in order to protect you from financial losses caused by property damage or bodily injury. In addition to ...
read more... your customers with Public Liability insurance. It offers protection should a ... ... and the policy features. There are many options for small business owners when it comes to shopping and choosing insurance policies. Gone are the days of having to ring around and wait for days for the brokers to get ...
read more... errors, breaches of privacy and investigations/actions brought by AHPRA and other regulatory bodies. Public Liability insurance * is another type of cover likely to be relevant for pharmacy owners . It is ...
read more... the most common types of insurances for tradies, but do you ... and outs of Public Liability insurance and what you need to ... . So what is Public ... go plan. As a tradie, it can even be a contractual requirement that you have Public Liability insurance in place well before picking up the tools and putting boots on site. Always check the level of ...
read moreMore larger businesses with simple insurance needs are using BizCover for ... their insurance, while smaller businesses benefit from ... this quarter ... Retail & Hospitality. Whilst all three groups have experienced no increases in the overall price of their insurance, there have been changes within product groups and industries. The Full Report can be viewed here: SME ...
read more... price increases in the business insurance market, SMEs are continuing to ... the cost of business insurance, the BizCover SME Insurance Price ... and Retail & Hospitality. Whilst all three groups saw have seen no increases in the overall prices for their insurance, there have been changes within product groups and industries. The Full Report can be viewed here . ...
read more... by not having the right insurance in place? Read on to ... ... victim and still be able to survive financially? Many contracts will require you to have your own Public Liability insurance before you even step foot on site. Make you sure you arrange your cover with the right limits ...
read moreWhen looking for Business Insurance, most small business owners typically ... ... of machinery has gone on the blink as the deadline for a large order is approaching. Machinery Breakdown insurance is an important form of coverage for businesses who rely on machinery or equipment in their day-to ...
read moreInsurance Premiums for Retailers Continue to ... The latest BizCover Small Business Insurance Price Index has been released ... an increase in small ... and similar to quarter 2 of last financial year, the index is showing an increase in small business insurance rates, with the index rising 3 points over last quarter. This increase however is not universal. Graph ...
read moreInsurers hold on to SME Insurance Premium Price Increases! Despite a ... BizCover Small Business Insurance Price Index has shown insurance rates ... Director of BizCover commented “While there is still an abundance of capacity and fierce competition in the insurance market, insurers have managed to hold onto their rate increases from last quarter. I suspect given the ...
read moreThe Quarterly BizCover Small Business Insurance Index has shown that Australian ... enjoyed the end of declining insurance premiums with an increase ... of 5 points in the second quarter of FY2015/2016, the first increase seen in 10 quarters. This brings the insurance rates back to the same level as Q4 2013/14 (6 quarters ago). It should be noted that rates are ...
read more... 'What limit of Professional Indemnity insurance do I need?' While this ... ... a good idea to contact the association and check whether there is a minimum limit of Professional Indemnity Insurance you are required to maintain to comply with their compliance requirements. They may also be able to ...
read more... The BizCover Small Business Insurance Price Index is indicating ... market for small business insurance continues to benefit from ... stability in ... driven by continued competition, as well as capacity in the market. This has been the case across all insurance classes for small business, all of them seeing little change over the quarter, once again. As forecast ...
read more... Fernando for his certificates of insurance - it's just part ... ... cover option of public liability. Hish says his clients expect his business to be covered by professional indemnity insurance to ensure there is cover in place in the case of any potential legal action they may take ...
read more... to make a sale out of a day of grieving , or trying to jump on a politically charged bandwagon . The insurance will cover your costs of PR to rebuild your brand, costs of loss of sales and other costs in the case of ...
read more... Why do Restaurants & Cafes need it? Take a minute to sit back, relax and look at our menu of insurance options for your business. What's more, you don't need to shop around to find the best cover solutions. With ...
read moreBizCover's SME Insurance Price Index has unveiled a ... the COVID-19 pandemic with insurance rates remaining flat for a ... acquired from BizCover's ... year and fell a further seven per cent this quarter,” he said. “Key sections of business pack insurance that are frequently used by retailers such Contents, Glass and Theft all showed noticeable price declines. “The ...
read more... of a Professional Indemnity (PI) insurance policy is calculated and why ... the cost of Professional Indemnity insurance. Insurance policy pricing ... excessive increase in the premium. For example, looking at the data of almost 5,000 BizCover customers with PI insurance during the 2016/17 financial year, the average monthly cost for a policy with $2 million of cover ...
read more... 'lock up' operations. Business interruption insurance can provide both peace of ... ... a vital element in your wider disaster recovery plan - a plan that should include both a broader insurance package and (crucially!) a clear guideline for how your business would react and recover after a disaster event ...
read more... a third-party 's property or if your baking tools were to be stolen. This is where business insurance comes into play and provid es the peace of mind you need with cover that can protect ...
read morePublic Liability insurance. It's one of those ... ... . Understanding the nitty-gritty can save you in the long run, so don't be afraid to ask your insurance agent what certain features and benefits are if you are unsure. At BizCover we want to make getting your ...
read more... yourself is with professional indemnity insurance. This type of policy provides ... ... their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of carrying ...
read more... yourself is with professional indemnity insurance. This type of policy provides ... ... their lives are also properly protected. One of the best ways to protect yourself is with professional indemnity insurance . This type of policy provides cover for people who risk legal action as a result of carrying ...
read moreIn January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The In January, our Managing Director Michael Gottlieb was interviewed by Insurance Business magazine, giving his outlook on 2014. Insurance Business - The Year Ahead
read more... successful in taking out the Insurance Business Brokerage of the Year ... ... the broking world, and not just because his Mega Capital business was successful in taking out the Insurance Business Brokerage of the Year award and featured in the Deloitte Technology Fast 50 Australia ranking for the ...
read more... . Whilst you've got the insurance to help you out, you ... ... and have a big impact on the running of your business and your bottom line. Whilst you've got the insurance to help you out, you'd ultimately rather avoid the disruption to your business that these unexpected events can ...
read more... ; however the BizCover Small Business Insurance Price Index for the first ... ... all indicate that the industry is long overdue for a price increase; however the BizCover Small Business Insurance Price Index for the first quarter of the financial year indicates that insurers have not been able to ...
read moreProfessional indemnity insurance is handcrafted to provide coverage ... ... any potential policy holder needs to consider when deciding upon whether or not they should buy professional indemnity insurance is the potential financial loss that can occur as a result of legal fees whether or not ...
read more... , the latest BizCover Small Business Insurance Index is showing little change ... ... been talking about hardening rates over the last few months, the latest BizCover Small Business Insurance Index is showing little change, with prices again remaining steady at 80 points. Despite industry predictions ...
read more... suits all kinds of start-ups and small businesses - over 6,000 occupations. BizCover instantly provides multiple insurance quotes online and you can select and purchase the right cover, at the right price on the spot ...
read more... hat better than a member of the Village People? There's now a revolutionary solution; Professional Attire Insurance, that covers you for any damage to your professional uniform, offering a rapid replacement service for ...
read more... business; what is included and excluded in your policy; and the insurance provider you choose. However, the most accurate way to find out ... Lawn Mowing Service Fencing Contractor Earthmoving Contracting Labouring ...
read more... (and costs) can be severe. Professional Indemnity insurance is designed to provide your business with a ... and construction delay costs. An independent engineering expert identified that the engineer ...
read more... an organisation if their data was breached . Independent feedback from our customers rated our service at excellent. Download Cyber Liability Insurance Fact Sheet Get the cover that is right ...
read more... or possibly drain your assets. Thankfully, Professional Indemnity insurance is there to give you peace of mind if ... important if you perform full-time, part-time, independent or contract work. It may also be required ...
read more... cover the work of subcontractors. Therefore sub-contractors should consider maintaining their own public liability insurance. Insurance for Painters Public Liability Insurance* In the world of painting, it's ...
read more... company's reputation. If you're working as a contractor, you should also consider your contractual obligations to carry a minimum amount of Public Liability insurance. You may also be required to hold Public Liability ...
read more... is important to keep your business fighting fit. In fact, it's likely that Public Liability insurance is required if you operate as a contractor to a gym or fitness studio, or to obtain a council permit to operate your ...
read more... also to your business' s reputation. Are you a contractor? Consider your contractual obligations which may require carrying a minimum level of Public Liability insurance before you set boots on the job. Public ...
read more... 's licence. It may also be a requirement under a government or private client contract, or as part of a lease agreement for renting a commercial property. Do I need Public Liability Insurance if I have a home ...
read moreDoes the thought of being off work for three months due to a major mishap with a nail gun horrify you? As far-fetched some accident stories may sound, the reality is ... in death from traumatic injury. If you are a self-employed small business owner or a contractor, Personal Accident and Illness insurance is an important type of cover to consider especially if you are not protected by ...
read more... services to a business or individual Contractors looking to work for the government ... we're all human and we all make mistakes. Professional Indemnity Insurance allows you to cover yourself if and when you do slip up ...
read more... answer is probably yes. Chances are you'll have regular contact with clients, contractors and the general public. Public Liability insurance is designed to provide protection for you and your business in the event a ...
read more... architects, IT contractors, management consultants, real estate agents and other allied health professionals. Even professional photographers should consider holding Professional Indemnity insurance. By analysing ...
read moreThe career of an architect is an exciting one, yet it's not one without risk. From the ground up, your responsibilities are skyscraper high. Beginning with the first ... to protect yourself against claims arising from your previous work. Public Liability Insurance If you're dealing with clients, suppliers, contractors and the general public on a regular basis, there is a ...
read more... while doing business in any way you should consider P ublic Liability insurance . For example:^ Consultants/Contractors/ Tradespeople who work from home or visit their clients' premises Businesses ...
read more... you are likely to be in regular contact with clients, contractors and the general public. Public Liability insurance is typically an important form of cover for engineers and ...
read more... , as a civil engineer you will likely be having regular contact with clients, contractors and members of the public. Public Liability insurance is designed to provide protection* for you and your business in the event ...
read more... lifting when it comes to arranging your business insurance, providing competitive quotes online or over the phone in minutes. Did you know? If your business hires sub-contractors, take the time to check that they ...
read moreRunning a business can be rewarding, challenging but also stressful. While you will are taking control of your earning potential and the upside can be great, there are ... large organisation they may stipulate that you have certain insurance to work for them. For example handymen are often ... and driver's license details of 500 on-hired contractors had been stolen. They were able to claim $ ...
read moreMany businesses think their business is too small to attract cyber criminals. Yet, when it comes to cyber theft, size doesn't matter. Hackers are on the lookout for ... and drivers license details of 500 on-hired contractors were stolen. Or the Accounting firm, ... handle a cyber attack or data breach alone. Cyber insurance will also provide coverage for regulatory defence, penalties and ...
read more... , so you can get back to doing what you love. Did you Know? Laser hair removal is a standard insurance exclusion. That means if you are performing laser hair removal, you will typically have to apply to have this ...
read more... hit with a few unwanted challenges that could leave you severely out of pocket. Business Insurance* is an insurance package designed to provide cover for your business, contents, stock, tools and commercial premises ...
read more... such as consultancy occupations. ^ We know, sometimes you just want a quick idea of how much your insurance is actually going to cost. However, it's important to note that the information included within this article ...
read more... survive being shut due to an insurable event, for a few days, a week, or longer? Business interruption insurance covers for financial loss as a result of an interruption to your business caused by an insured event (such ...
read more... was unable to run the business for 7 days whilst their data was being restored. Fortunately, they had Cyber insurance and were able to claim $7,440 to cover the cost of restoring the information and payment of the ransom ...
read more... it? While you help your clients unwind, rejuvenate and relax, let us help you relax with massage therapy insurance. With just a few clicks or a single phone call, you'll get multiple competitive quotes from leading ...
read more... with your business. These can include tools of trade and items of stock. Personal Accident and Illness insurance* Take the time to think about how your business would function if you were unable to work due ...
read more... with your business. These can include tools of trade and items of stock. Personal Accident and Illness insurance Take a moment to consider if you were to suffer an accidental injury or fall ill . W ...
read more... associated with your business. These can include tools of trade and items of stock Personal Accident and Illness insurance Take a moment to consider the impact to your business if you were to have an accident or ...
read more... you're in the business of providing expert advice to your clients, we're in the business of providing insurance options to keep you protected. Whether you're an expert at balancing the books or the creator of the ...
read more... own salon, rent a space in a beauty or hair salon or provide a mobile makeup service, makeup artist insurance is the foundation to ensuring your small business doesn't go belly-up if something else does. Did you ...
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You make life a lot simpler in choosing business insurance. Thank you.
Paulus A
Information Technology
Just because you’re busy programming, coding, testing, debugging or doing other techy stuff doesn’t mean you can’t get the right insurance. Being the IT person that you are, we don’t need to convince you that getting multiple quotes online, in minutes, is the quickest and most efficient way to secure great insurance cover for your business.
The nature of work undertaken by some IT professionals means the difference between a public or professional indemnity claim can be difficult to determine. BizCover is able to offer a liability package with combined Professional Indemnity and Public Liability insurance from the same insurer. That way, there can be no dispute between insurers as to which policy should respond to a claim.
Professional Indemnity*
The IT world is a fast-changing environment, and whether you’re involved in project management, development, testing or analysing systems this kind of work can be risky business. Does your software code contain errors? Was there a loss of documents or data as a result of your negligence? As the saying goes, the problem with troubleshooting is that trouble shoots back.
Professional Indemnity insurance provides much-needed financial protection for a wide variety of IT professions. It secures IT professionals and their businesses against claims against them for potential losses arising out of actual or alleged negligent acts or omissions in the provision of professional services or advice. For claims covered by the policy, it does this by paying compensation due to the third party, together with assisting with defence costs (these are the reasonable costs incurred in investigating and defending a covered claim, including legal fees, expert fees and court costs). It is also becoming a more common requirement for independent contractors to hold and maintain their own Professional Indemnity insurance policies.
Chances are you spend most of your time visiting your client’s offices. Public Liability insurance is designed to provide protection for you and your IT business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Business Insurance*
If any of the following circumstances relate to your business then you should consider Business Insurance to provide additional protection:
Cyber Insurance*
Consider the client information or data you may be storing. Do you have plan if your systems suffer a data breach, are hacked or subject to ransomware attack? Perhaps you should consider if Cyber Liability insurance is right for your business. A cyber liability insurance policy is designed to help protect you from claims and support your profitability in the event of a cyber breach or attack. Costs associated with defending a cyber claim are also covered. Examples of the types of risks Cyber Liability insurance can assist with are inadvertent loss or release of customer personal information, cyber crime, cyber extortion/ransomware and business interruption due to a cyber event.
| *As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy document. The information contained on this webpage is general only and should not be relied upon as advice. |
An IT contractor was engaged to recommend and provide a management system for professional services client.
There were a number of problems with the system including crashes and loss of company and customer data. The client lodged a claim against the IT contractor for breach of contract and compensation for damages due to the lost data and loss of revenue whilst the client was unable to service his customers.
