Concreters Insurance

Business Insurance for Concreters*

Concreters need business insurance, including public liability insurance as concreting is high liability work, with expensive accidents on sites possible. People and property on site may be hurt or damaged due to accidents involving concreting work.

For example, If a customer’s property is damaged during a pour, it could prove costly to a concreters business.

Fortunately, suitable business insurance for concreters may provide protection against financial hardships that could arise from accidents, property damage, or legal claims caused by your concreting business activities.

Concreter business and public liability insurance may cover property damage, injuries to third parties that are caused by your concreting equipment and work activities.

Many Business Owners are UNSURE if they are COVERED PROPERLY.
We help them find affordable and SUITABLE INSURANCE so they can run their business with CONFIDENCE.*

What Insurance Do I Need as a Concreter? *

Some of the major types of business insurance covers available to concreters in Australia are explained below and include:

  • Public Liability Insurance
  • Business Insurance Pack
  • Personal Accident Insurance
  • Professional Indemnity Insurance
  • General Property and Tools
  • Commercial Motor insurance
  • Plant and Equipment Insurance

Why do concreters need public liability insurance?*

Public Liability Insurance coverage is essential for all self-employed concreters.

Concreters need public liability insurance as concreting involves working with vehicles, heavy equipment and a slippery material, concrete,  that increase the probability of an accident on site.

People and property on site may be hurt or damaged due to accidents involving concreting work.

The constant presence of vehicles , heavy equipment and a material ,concrete, that can be extremely slippery until it dries, means concreting work is rated as a high-risk occupation.

Protections offered to self-employed concreters by public liability insurance in Australia generally include:

  • Injury to other persons due to your concreting activities –Where a concreter’s business activity causes harm to a third-party person. For example, a client ignores your warnings to stay away from the site and injure themselves when they trip and fall on your equipment or on slippery concrete.
  • Damage to others property due to your concreting activities – Where a concreter’s business activity causes damages to a third- party’s property. For example, a concreter may accidently cause damage in a client’s home while delivering, mixing or pouring concrete.
  • Harm to other persons or other persons property due to your concreting business’s products – Where a concreter’s business’s products and goods supplied causes harm to a third party -person or a third- party’s property. For example, products a concreter has supplied, repaired, or manufactured cause harm, injure someone or cause property damage.

Public liability insurance coverage may protect concreters from claims that arise when others allege, they are negligent.

A concreter’s public liability policy may provide a defence against the ensuing lawsuit when needed and may pay the damages sought by the injured party.

Public Liability Insurance may provide concreters with protection for Slip-and-trip accidents , Accidents that damage client property.

Business insurance pack for concreters*

Concreters may be able to combine multiple covers in a single business insurance pack policy.

By ‘packaging’ your business insurance into a ‘business pack’ concreters can potentially cover many of the risks their business faces in the one policy.

For example, if a concreter has a commercial premises, a business insurance pack may provide cover for buildings and contents if they are accidentally damaged by a defined event, such as fire, storm, impact damage, accidental damage, vandalism, or malicious damage.

Other typical inclusions for concreters with a business insurance pack are Public Liability Insurance and Product Liability Insurance.

Optional inclusions for concreters with a business insurance pack are General Property, Contents, Machinery, Plant and Stock, Glass, Money , Business Interruption and Marine Cover.

Personal Accident Insurance for self-employed concreters *

As a self-employed concreter your personal safety is your livelihood.

Personal accident insurance for concreters may provide cover for 52 or 104 weeks and up to 85%* of weekly income at the time of the injury; depending on the amount of coverage agreed when the policy is taken out.

Time away from work from an accident will have a direct impact on a self-employed concreter’s income, and a long period away can negatively affect their savings, family, and lifestyle.

Personal Accident Insurance may help self-employed concreters pay for essential bills and other financial commitments if they have an accident.

Professional Indemnity Insurance for concreters *

If a concreter makes an error, such as providing incorrect information, makes an omission in due diligence, or provides advice that leads to damages or losses for a client, a client may seek damages.

Professional Indemnity Insurance may help these concreters stay in business by paying for legal defence costs, and for damages if awarded against them.

If you are a self-employed concreter and want to understand if professional indemnity insurance will provide suitable cover for your business activities, please call a Smart Business Insurance broker.

Professional Indemnity Insurance, also know as error and omissions insurance, may provide protection for errors or advice that cause a client to lose money, claims of negligence.

General Property and Tools Insurance for concreters *

As a concreter, you are likely to have many tools and equipment that allow you to do your job, such as trowels, floats, edgers, screens and mixers.

If your property is damaged or stolen, your business cannot operate effectively.

General property insurance can help you keep operating effectively.

It can provide needed funds to replace your tools such as trowels, floats, edgers, screens and mixers….and help keep you in business.

Commercial motor insurance for self-employed concreters *

Commercial motor insurance should be considered for concreters that drive their vehicle from site to site. Light trucks, vans and Utes may be covered.

Plant & Equipment Insurance for concreting businesses*

Plant & Equipment Insurance may provide cover for owners of small concreting businesses that operate equipment such as trowel machines, drive units, vibrators ,mixers, trailers and forklifts.

Cover may provide concreters with protection for theft, damage, consequential loss, liability, road risk and machinery breakdown.

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What are the costs of Concreters Public Liability Insurance?*

How much does public liability insurance cost for self-employed concreters?*

Key factors in determining how much Public Liability insurance will cost a concreter include:

  • The nature and scope of the concreting For example, the type of work performed by the concreter.
  • The concreting business turnover and size. For example, is the concreter a sole trader that does 100% of the work themselves, or do they employee a team of 5 subbies?
  • Amount of insurance cover the concreting business needs. Liability starts with $5 million cover, $10 million is popular with many self-employed contractors, $20 million cover is needed for concreters that work for large companies, on commercial sites or have a team of employees.

Public liability insurance cost for a self-employed concreter with no previous claims, starts from around $970* or $90 per month for $5 million Public Liability Insurance.

*** Please note ***: While cheap Public Liability Insurance can seem attractive on the surface it is important to ensure the policy covers you for the full business activities you undertake, and that the insurance policy and company will respond as intended when there is a claim. Costs may differ greatly from the above based on the concreter’s business size, clients, experience, and business activities. For many concreters, that perform broader building work, work on multi story buildings or that have employees, costs will be a lot higher.

Do I need business insurance to work as a self-employed concreter in Australia?*

Self-employed concreters, or concreting small business owners, subcontracting for builders will typically be required by the builder to obtain their own public liability insurance to get on site. This is typical for contractors working for builders throughout Australia.

Many small business owners, and even retail clients, will also ask to see proof of a concreter’s insurance cover, called a certificate of currency, prior to awarding them work and ask for an update each year.

As a self-employed concreter, suitable business insurance may provide credibility and valuable protection against the cost of a claim too.

Key concreter activities that may be able to be covered include:*

Mixing, pouring, spreading, smoothing, finishing, sealing, colouring concrete for applications including:

  • Residential homes and apartments
  • Commercial builds
  • Industrial sites
  • Floors
  • Stairs
  • Footpaths
  • Driveways
  • Foundations

Why do concreters need tools insurance?*

Concreters need tool insurance as tools are the lifeblood of concreters.

They help concreters just like you to complete work on time, and to deliver quality workmanship.

Concreters have a large number of tools compared to many other trades. And good tools are expensive. If they break or are stolen, it can impact your ability to get the job done or cost you thousands to replace.

Without tool insurance, you may have to dig into your own savings or borrow money to get the tools replaced or repaired.

Different types of concreters that may be able to be covered:*

  • mixers
  • cement pourers
  • cement laborers
  • finishers
  • masons

Why should concreters use an insurance broker in Australia? *

If you are a concreter deciding on whether to use an insurance broker for your business insurance, it is important to consider that brokers act in the interests of the self-employed concreter.

Direct insurers and agents act for the insurer. This can be important; especially if you need to claim.

Brokers can help concreters by sourcing competitive quotes on policy inception, negotiate with the insurance companies to prevent or limit increases on renewal, remarket your policy to other suitable insurance companies where appropriate, talk to underwriters about policy wordings, industry classifications and terms, talk to insurance assessors during the claims process and repairers where necessary.

How do I get a concreters insurance quote?*

Simply TALK to a SMART Business Insurance broker on 1300 542 573 or contact us online for suitable and affordable public liability and business insurance quotes for your concreting business.