As a painter, you know all too well the risks associated with your profession. When it comes to painters insurance, the most common claim made is for injuries caused as a result of a fall, however, your painters insurance policy will typically also cover your employees, third party damages and business assets. As with most trade professions, hazards can range from a simple broken window to serious injury or even loss of life which can result in huge financial implications. When taking out your painters insurance, make sure you’re covered against the worst and protect your business with a tailored policy that meets all your requirements as a painting business.
You may be thinking, why bother with the hassle of insurance the extra expense of premiums when you can just implement safe work practices as a preventative measure? Well, this is a great first step but will not eliminate risks entirely – with a tailored painters insurance policy you can rest easy knowing that you’re covered no matter the disaster. In the painting business, potential hazards range from paint spillages and accidental property damage to personal injury and even disablement and death – the compensation claims of which can stretch into the hundreds of thousands and financially cripple you and your business. So why wouldn’t you make sure you’re protected against the worst?
Accidentally spilled paint on a client’s carpet? Has a passer-by tripped over one of your ladders? Public liability insurance covers you for damage and injury caused to a third party (not damage to your own property or personal injury.)
If you run your own business or are a subcontractor, you know that if you can’t work you can’t make money. When confronted with sickness or injury that will take you off the job for a period of time, this can be a highly stressful situation. Income protection insurance can replace up to 75% of your income when you cannot work.
If all your tools and equipment were to be stolen right now, what would you do? Without insurance, you would have to foot the replacement costs out of your own pocket as well as try to figure out a way to complete your scheduled jobs without paint brushes, ladders and other equipment. Tools insurance for painters protects you against stressful situations like this.
Accidents happen, however, if you unknowingly use a product on a client’s property that causes them or their property harm, you could be facing some pretty hefty claims. Product liability insurance protects you against claims of injury or damage caused by a product used with an unknown defect.
Your business vehicle is a crucial asset to your painting business. Commercial motor insurance ensures that if your vehicle is damaged or stolen, you can still travel to and from jobs.
Painting is a risky business, so make sure you’re prepared for any claims made by your employees as a result of work related sickness or injury with workers compensation.
If you are a sole trader working on low risk residential projects and/or light commercial projects, your premiums will likely total out at around $400 - $500 per year. However, this cost can increase quite quickly if you undertake projects in public spaces, particularly schools and shopping centres.
At Public Liability Online, we take the time to understand the specific requirements of your painting business so we can connect you to brokers who will provide a tailored, comprehensive painters insurance policy at a competitive price. Call 1800 669 664 today or fill out a contact form on our website for professional, fast service from one of our expert team. At Public Liability Online, we take the hassle out of finding the right insurance policy for your painting business in Australia.