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Liability Insurance

Discussion in 'Small Business' started by Angel, 27th Jun, 2015.

  1. Angel

    Angel Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,295
    Location:
    Paradise, Brisbane
    Hello
    Three questions.
    If I want to operate a small business, where do I go to get insurance?

    If I want to start two businesses that do two different things, can I use the same policy or do I need two policies?

    Any other type of insurance I may require?
     
  2. womble66

    womble66 Active Member

    Joined:
    18th Jun, 2015
    Posts:
    25
    Location:
    Illawarra NSW
    Wife operates a sole trader business and has Public Liability through RGIB (http://www.ruralandgeneral.com.au/) which was a bit cheaper than her previous PLI policies with Allianz.
     
  3. Mombius Hibachi

    Mombius Hibachi Well-Known Member

    Joined:
    1st Jul, 2015
    Posts:
    492
    Use a broker. If you want a soft introduction to a great insurance broker, PM me or email me at mark.laszczuk@gmail.com.

    A broker will be able to answer this for you.

    I have both Public Liability and Professional Indemnity insurance. I work from home and have no employees. Again, a good broker will be able to help you with this.
     
    willair likes this.
  4. geoffw

    geoffw Moderator Staff Member

    Joined:
    15th Jun, 2015
    Posts:
    2,183
    Location:
    Canberra
    I'll second Mark.

    Depending on the nature of the business, especially the public contact and type, PLI can be very expensive. A broker can get you the best. At times I did get my broker change companies at renewal time.

    I went through Marsh (www.marsh.com.au) but there's plenty out there.