Public & Product Liability Insurance
✔ Limit of Liability options starting from $5 million
✔ Errors & Omission and Property in physical or legal control cover up to $250,000
✔ Excess options ranging from $1,000 up to $10,000
✔ Includes Advertising Liability cover
✔ Includes covers for paint work in buildings above two storeys high
✔ Cover apprentices working for the insured
Public and Product Liability insurance. What is it and how can it help?
Let’s face it, any electrician, be they one year out of an apprenticeship or 10 years on the job, runs the risk of having an accident. While it would be great to have the ability to know if or when an accident may occur, it instead comes down to safety, preparation and sometimes just blind luck.
That’s why public and product liability insurance is so important. Public and product liability insurance can provide protection for electrical businesses if personal injury or damage to a third party or their property occurs due to the electricians work.
Take the following example - An electrician damages the electrical circuit at a client's home and subsequently causes a fire. In this situation, the electrician could be held liable to pay for any damages to the client’s property and any legal costs incurred as a result.
Competitively priced for tradies
Our experienced team of insurance brokers have negotiated competitive policy premiums for tradies.
Products Errors & Omissions (E&O) cover
Make sure you have E&O cover for the electrical product advice you provide while working with clients and builders.
Recieve your certificate straight away
We provide your Certificate of Currency straight after you have successfully arranged electricians insurance.
No height restrictions
Arrange public liability that allows electrcians to stay covered on projects that are higher than two stories.
What insurance solutions should I consider as an electrician?
Have you ever been on a job site and your tools have gone missing? Or perhaps your equipment damages another person’s property during the course of your work? Marsh can arrange insurance policies to help protect electricians in a variety of situations, so you don’t get left in the dark.
There are a couple of insurance solutions that you should be considering when starting your electrical business. These insurance covers include:
- Public Liability
- Personal Accident
- Tools and Equipment
- Commercial Motor Vehicle
Your business insurance needs may differ depending on the type of work and specific activities completed by you and your employees. Our Trades team work with clients to understand the in’s and outs of the industry to offer insurance advice that aligns with the risk appetite and risk requirements of the industry.
Not all insurance products are an apples for apples comparison
We understand that the price of your insurance plays a big role when comparing different policies, however, it shouldn’t be the only factor to look out for when completing a side-by-side comparison.
Insurance providers can base a policy’s premium on the risks they take on and having a high number of exclusions can reduce these risks, which should result in a lower premium.
That’s why we recommended reviewing the policy wording and/or product disclosure statement beforehand to help make sure the cover you are arranging meets your specific business requirements.
Much like cheap work tools, the last thing you want is to get caught out on-site with a policy that doesn’t do its job correctly!
At Marsh, we negotiate competitive premium prices and insurance cover to deliver value to businesses. We also work with insurance providers and industry associations to make sure the policy on offer is suitable for your industry risks and industry insurance needs.
I’ve got a policy with Marsh, how often should I be reviewing it?
The answer to this question is largely dependent on how frequently changes occur to your business. Whether it’s business growth, a change in the complexity of work, or expanding out your services, there are several changes that should trigger an insurance renewal or review. As a rule of thumb, we recommend reviewing your policy every year to ensure your business is covered appropriately for its risk exposures.
Have a question? Contact our team on 1300 300 511.
Looking for policy documents?
If you're an existing customer, click below to request your Certificate of Currency, Policy Wording or Tax Invoice or call the team at Marsh on 1300 300 511.Request Policy Documents
Marsh Advantage Insurance Pty Ltd (ABN 31 081 358 303, AFSL 238 369)(Marsh) arrange insurance and are not an insurer. When arranging Public Liability Insurance, Marsh act under binding authority on behalf of Pacific Underwriting Corporation Pty Ltd (ABN 77 091 225 535, AFSL 237 270), who act as agent of the insurer, Chubb Insurance Australia Limited (ABN 23 001 642 020 , AFSL 239 687). The other insurance solutions referred to on this website are underwritten by various insurers. When arranging insurance for you, Marsh will disclose to you the insurer and the basis upon which it acts. This website contains general information, does not take into account your individual objectives, financial situation or needs and may not suit your personal circumstances. For full details of the terms, conditions and limitations of the covers and before making any decision about whether to acquire the product, refer to the specific policy wordings available from Marsh. The Master Plumbers and Mechanical Services Association of Australia receives a financial benefit when an insurance policy is arranged by Marsh.