Understanding what type of insurance you need is key to protecting your business.
Whether you’re operating as an individual tradie or you run a larger electrician business, working as an electrician involves a level of risk so having the right insurance in place is essential for your safety and your peace of mind.
Insurance can be an expense you’d rather do without but if something unforeseen should happen, or you or another person is injured because of the work you carry out, insurance is going to be your best friend!
Phoenix Insurance Brokers understands you’d rather focus on your trade and servicing your customers instead of the different insurance policies available for electricians. So that’s where we come in. Phoenix is here to take care of all your small business insurance needs and advise you on the type of insurance that’s best for your electrician business.
Some types of insurance are essential for electricians and some are recommended.
Public Liability insurance is essential and Professional Indemnity insurance is typically recommended. Insurance for your tools is highly recommended as is commercial vehicle insurance for the vehicles you use to get to and from jobs. Workers Compensation insurance is a must if you employ other tradies and staff.
If you operate your business in WA, NT, QLD, NSW, ACT, VIC, TAS or SA – our electrician insurance brokers can help. Get A Quote »
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At Phoenix Insurance Brokers, we know insurance can be complex and challenging. That’s why we work alongside our clients to make sure they have the best level of protection in place. And as a valued Phoenix client, in the event of a claim, we always go the extra mile to ensure all entitlements are received. Phoenix understands the type of insurance electricians need yet they also know every electrician business is different. That’s why your Phoenix broker will work with you to tailor a comprehensive insurance policy to suit your particular needs. Your Phoenix Insurance Broker knows and understands the risks involved in the electrical trade. You can rest assured they will work with you to make sure you have the right insurance cover in place.
Insurance is complex. Knowing which policies to choose from to protect your business involves specialist knowledge. Phoenix Insurance Brokers has been providing insurance advice to Western Australian small and medium-sized businesses for more than 30 years. We have the knowledge and experience to know what you need to protect your small business and our service is second to none. We also know you’ll love our friendly and highly qualified team.
Using Phoenix Insurance Brokers Perth gives you access to economies of scale and insurance packages that have been specially developed through our alliance with the Steadfast Group, Australia’s largest insurance broker cluster group. Our Steadfast alliance ensures our clients receive Phoenix’s signature personalised service together with the benefits of Steadfast’s impressive buying power.
Phoenix can assist with all your general insurance needs including accessing and reviewing your insurance, full claims management, arranging premium funding and risk management.
Not only will your Phoenix Insurance Broker help you decide which policies are right for your business, they can also package multiple policies together so you only pay one premium that you can spread out over a year (to assist with cash flow). Your Phoenix Broker will also work with you to make sure your insurance changes as your business changes, so you’re only paying for what you need or you’re adding cover as your business grows.
We’re here to assist you every step of the way. With three locations throughout the state in Como, Busselton, and Broome, one of our branches is local to you. Our head office is in Preston Street in Como. Our Broome office represents our clients in the state’s North-West while our Busselton office has been servicing our clients in the South-West for almost 20 years. We also cater to clients in the Rockingham and Peel regions.
Insurance can be complex. Often you think you’re doing the right thing by taking out a particular policy, only to find you’re not adequately covered for a scenario when it comes to making a claim. This can be costly, time-consuming and frustrating. As experienced small business insurance brokers, Phoenix can work with you to ensure you have the right policies in place to protect your business so that if the worst should happen, or something unforeseen occurs, you can get back to work as soon as possible.
With Phoenix Insurance Brokers, we can take care of the details, giving you peace of mind and leaving you to get on and do what you do best.
Some people dream of running their own business but that doesn’t mean there aren’t challenges and risks along the way and a lot of hard work. While we can’t help run the day to day, we can put you on the right path when it comes to insurance. Having the right insurance in place is essential to protect your electrician business against unexpected challenges.
Whatever your business, having the right insurance in place to protect you is essential so that when something goes wrong, you’re covered. Sifting through the myriad policies on the market and knowing what policies will best protect you can be a minefield. That’s when an experienced insurance broker who can guide you through the maze and explain the pros and cons of insurance can be very helpful. Having the right insurance in place can make all the difference to your bottom line should things go wrong. Below are some of the different types of insurance you need to consider for your electrician business.
Public Liability Insurance is one of the most important types of cover for electricians.
Electrician Public Liability insurance can protect an electrician if they injure a person or damage their property through negligence in their work. This cover is essential for electricians, as a small accident or oversight in their work can lead to property damage or severe injuries.
Public Liability insurance can cover the financial expenses incurred from a third-party claim against an electrician, including legal costs, fees and other expenses. However, it will not cover claims or injuries by your employees. To cover yourself against these sorts of claims, Workers’ Compensation Insurance is required as a part of your overall electrician insurance policy.
A common question we get asked is ‘do electricians need professional indemnity insurance?’ the answer is yes. Professional Indemnity insurance should always be included in a comprehensive electrician insurance policy.
As an electrician, you will advise on electrical project design and specifications. There is always a possibility that the advice is problematic, which can cause someone to suffer a loss. In this case, a claim for compensation can be made against you.
Electricity is dangerous and the wrong advice could have disastrous and costly consequences. It’s essential to have Professional Indemnity Insurance included in your electrician insurance policy to protect yourself against these claims.
Tools are an important part of an electrician’s job. If your tools are stolen or vandalised, work can’t be completed. Unfortunately, theft of tools is a common occurrence, as they’re an easy target due to their value.
Taking out a Trades insurance policy for your tools can be an affordable way to secure them and it can save you losing time and money being unable to work. Tools Insurance can provide immediate funds to purchase a new set of quality tools, allowing you to get back to work without relying on cheap, temporary replacements.
Along with tools, electricians usually have a work vehicle to take them to and from jobs. Whether it’s a car, ute or van, securing your vehicle with a Commercial Vehicle Insurance policy can cover you if your car is damaged and you’re left unable to work.
Commercial Vehicle Insurance can be applied to all vehicle types as a part of your electrician insurance, including trailers, trucks, and mobile machinery. This type of insurance commonly covers the liability of the driver, replacement car costs, repair costs and costs for disruption of business.
Workers Compensation insurance is compulsory insurance cover in Australia required by law. Workers’ Compensation insurance is designed to cover the cost of an employee injury while at work, including if they are injured while working offsite.
Electrical contractors face numerous risks throughout the day, including dealing with electrical wires, climbing on high heights and dealing with transformers. Even the most careful and properly trained electrical contractors can encounter accidents.
Depending on the policy, Workers’ Compensation Insurance can cover:
• Medical expenses
• Hospital cover
• Lump-sum payment
• Rehabilitation
• Wages for a temporary replacement
If you employ other workers, each of them will need to be covered by appropriate Workers’ Compensation insurance. Without this cover as a part of your electrician insurance, your business could face large government penalties, as well as liability for medical bills and other expenses.
Starting your own electrician business can be a big step and a dream come true for many people. You know you’re going to work hard because you’re working for yourself and the work you put in should mean you see the rewards. Whether you’re starting a business, or you’ve been running your own business for a while and you know you need to get on to sorting out your electrical contractors insurance, Phoenix Insurance Brokers can guide you every step of the way.
Now that we’ve covered the basics and some insurance options for you to consider above, there’s no better time than today to get in touch with your local Phoenix Insurance Broker to talk about how we can help you safeguard your electrician business.
While insurance is our business, our philosophy is about people and building strong, solid relationships with them. We partner with all our clients to achieve the best possible outcomes, for them, their families, and their businesses.
Common types of insurance taken out by electrician businesses include Public Liability insurance, Professional Indemnity insurance and Tools insurance. If you employ staff, Worker’s Compensation insurance is mandatory. There are many policies on the market from which to choose. Your Phoenix Insurance Broker can tailor a policy specific to your electrician business needs.
You must have workers’ compensation insurance for anyone you employ in your electrician business including full-time workers on a wage or salary, part-time, casual, and seasonal workers. This is a mandatory insurance in Australia.
In the event, you need to make a claim, get in touch with your Phoenix Insurance Broker and we’ll guide you from there. Remember that we work for you, not the insurance company. Whether you need advice, you need to make a claim or change your policy, your Phoenix Broker will take care of all your electrician insurance needs.
Yes, you can make changes to your electrician insurance policy. If things change, like your address, or your business grows and you employ more staff, and you want to make sure your insurance still covers you, simply call your Phoenix Insurance Broker on (08) 9367 7399 or email us at info@phoenixins.com.au.
Your electrician insurance renewal offer will be sent to you prior to the renewal date. Once you are happy with the details (taking into account any changes in cover and price), all you’ll need to do is pay your renewal by the due date. Your Phoenix Broker is there to discuss with you at any stage of the renewal process.
It’s up to you! Your Phoenix Insurance Broker can work with you to not only bundle your insurance policies into a package that’s tailored to your electrician business requirements, but they can also help you to manage your premiums by showing you how you can pay them monthly to assist with cash flow or if you prefer, paying them annually. Phoenix is your electrician insurance broker!
For all your electrician business insurance needs and questions, contact us on (08) 9367 7399 or at info@phoenixins.com.au. You can also view our full contact details and locations.
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