The solid base; nothing starts until you’ve done your part. Concretors have one of the toughest and most important jobs on site. There’s often small margin for error and a lot of pressure on you to get the job finished. At Go Get Insurance, we’ve insured Concretors for years, and know the trade like that back of our hands.
When it comes to insurance for Concretors, there are quite a few considerations. Let’s screed the surface and expose the aggregate so you know what to look for when getting insurance for your Concreting business.
This insurance is of utmost importance to Concretors. If a third party accuses you of causing them injury or damaging their property, you need a Public and Products Liability Insurance to respond and defend the accusation. There’s no limit on the amount that someone can sue you for, and courts are breaking records daily on the amount of damages being awarded. Public and Products Liability will protect you in these instances, which makes it a vital part of your insurance portfolio. Don’t even start boxing up without it.
There are certain restrictions and exclusions on Public Liability policies for Concretors that you need to be aware of.
Alongside standard policy conditions commonly excluding Removal and Weakening of Supports and Blasting, and limiting Demolition and External Height activities, two common clauses we’ve seen spin Concretors like a mixer are Defective Concrete and Faulty Workmanship.
Public and Products Liability is designed to cover damage or injury that you cause to a third party or their property, not to cover problems with concrete mixtures and issues with workmanship.
Ensure you read these clauses on all quote and policy documentation alongside the accompanying PDS so you have a good understanding of what they mean.
Every trade has heard of Dial Before You Dig and Service Location Services. If you’re concrete cutting, it’s probably come up a few times. Some tradies will shrug it off, thinking if they’re not the Builder or Principal Contractor on the job, then it’s someone else’s responsibility; or they might just go on the word of the Builder or Principal.
In reality, unless you make the enquiry yourself, or cite the physical plans relating to the services and where you can or can’t cut; a damage to fixed property exclusion on your Public and Products Liability Insurance could put some serious cracks in your financial situation.
Go Get’s Public and Products liability insurance for concretors removes this exclusion – a benefit that is unique in the market place – and ensures you are protected. Have a read of the PDS for full details on this benefit.
We all like to think that we’re pretty unstoppable, but in reality, we all get injured or fall ill at some stage in our lives.
This can be a particularly tough time for a self employed tradie. Bills don’t stop when you’re hurt or sick, and you need to be on the job working to keep the cash flow healthy. When you’re not a pen pusher, and you’re not on wages being covered by Workers Compensation, how do you protect yourself and your family? Look into Income Protection Insurance.
Go Get Income Protection insurance pays out up to 75% of your weekly taxable income after a 2 week wait, for up to 2 years. You can full cover yourself for injury and illness, or if funds don’t permit, a more cost-effective accident only option.
Unless you have a decent float of cash lying around, what would you do if all of your Tools, including your floats, were stolen, damaged in transit, or lost to fire or flood? Could you still trade?
Go Get Tools Insurance offers protection when you need it, so if you suffer the worst, you can still pour, and not become poor.
Go Get Injury & Illness Insurance is Annually Renewable and factors General Advice only. A Guaranteed Renewable policy, which can provide a benefit period up to age 65 (which does impact on the premium), requires personal advice taking your individual circumstances into account. Should you wish to consider the greater level of protection and flexibility that a Guaranteed Renewable policy provides, click here.
Depending on your Business structure and location, you might require Workers Compensation Insurance if you’re a Company, Working Director, or have deemed Employees. Please check your State Government requirements to ascertain this information.
Please read the PDS for full details on policy coverage, conditions and exclusions to ensure a full understanding of the product you are purchasing.