Fencing Contractors Insurance
Business Insurance for Fencing Contractors*
Fencing contractors need business insurance, including public liability insurance as fencing contracting involves digging holes and working with a range of tools and accessories thatmake accidents on site possible.
People and property on site may be hurt or damaged due to accidents involving fencing contracting work.
Digging is particularly risky, and results in many claims against fencing contractors for property damage or personal injury.
Fortunately, suitable business insurance for fencing contractors may provide protection against financial hardships that could arise from accidents, property damage, or legal claims caused by your fencing contracting business activities.
Fencing contractor business and public liability insurance may cover property damage, injuries to third parties that are caused by your fencing contracting equipment and work activities.
What Insurance Do I Need as a Fencing contractor?*
Some of the major types of business insurance covers available to fencing contractors in Australia are explained below and include:
- Public Liability Insurance
- Business Insurance Pack
- Personal Accident Insurance
- General Property and Tools
- Commercial Motor insurance
- Plant and Equipment Insurance
Why do fencing contractors need public liability insurance?*
Public Liability Insurance coverage is essential for all self-employed fencing contractors.
Fencing contractors need public liability insurance as fencing contracting involves digging holes and working with a range of tools and accessories that that make accidents on site possible.
People and property on site may be hurt or damaged due to accidents involving fencing contracting work.
Protections offered to self-employed fencing contractors by public liability insurance in Australia generally include:
- Injury to other persons due to your fencing contracting activities –Where a fencing contracting 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 fall into a pothole.
- Damage to others property due to your fencing contracting activities – Where a fencing contracting business activity causes damages to a third- party’s property. For example, a fencing contractor may accidently cause damage in a client’s or neighbour’s home while performing work.
- Harm to other persons or other persons property due to your fencing contracting business’s products – Where a fencing contracting business’s products and goods supplied causes harm to a third party -person or a third- party’s property. For example, products a fencing contractor has supplied, repaired, or manufactured cause harm, injure someone or cause property damage.
Public liability insurance coverage may protect fencing contractors from claims that arise when others allege they are negligent.
A fencing contractor’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 fencing contractors with protection for slip-and-trip accidents, accidents that damage client property.
Business insurance pack for fencing contractors*
Fencing contractors may be able to combine multiple covers in a single business insurance pack policy.
By ‘packaging’ your business insurance into a ‘business pack’ fencing contractors can potentially cover many of the risks their business faces in the one policy.
For example, if a fencing contractor 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 fencing contractors with a business insurance pack are Public Liability Insurance and Product Liability Insurance.
Optional inclusions for fencing contractors 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 fencing contractors*
As a self-employed fencing contractor your personal safety is your livelihood.
Personal accident insurance for fencing contractors 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 fencing contractor’s income, and a long period away can negatively affect their savings, family, and lifestyle.
Personal Accident Insurance may help self-employed fencing contractors pay for essential bills and other financial commitments if they have an accident.
General Property and Tools Insurance for fencing contractors*
As a fencing contractor, you are likely to have many tools and equipment that allow you to do your job, such as post hole diggers, fencing pliers, fencing spades, notching tools , routing kits, chisel and point crowbars and levels.
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 post hole diggers, fencing pliers, fencing spades, notching tools , routing kits, chisel and point crowbars and levels…and help keep you in business.
Commercial motor insurance for self-employed fencing contractors*
Commercial motor insurance should be considered for fencing contractors that drive their vehicle from site to site. Light trucks, vans and Utes may be covered.
Plant & Equipment Insurance for fencing contracting businesses*
Plant & Equipment Insurance may provide cover for owners of small fencing contracting businesses that operate equipment such as engine powered augers , fencing lasers , tracking receivers , alignment kits and trailers.
Cover may provide fencing contractors with protection for theft, damage, consequential loss, liability, road risk and machinery breakdown.
Get a Quote
What are the costs of Fencing contractor Public Liability Insurance?*
How much does public liability insurance cost for self-employed fencing contractors?*
Key factors in determining how much Public Liability insurance will cost a fencing contractor include:
- The nature and scope of the fencing contracting business. For example, the type of work performed by the fencing contractor.
- The fencing contracting business turnover and size For example, is the fencing contractor a sole fencing contractor that does 100% of the work themselves, or do they employee a team of 3 subbies?
- Amount of insurance cover the fencing contracting business needs. Liability starts with $5 million cover, $10 million is popular with many self-employed contractors, $20 million cover is needed for fencing contractors that work for large companies, on commercial sites or have a team of employees.
Public liability insurance cost for a self-employed fencing contractor with no previous claims, starts from around $750* or $70 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 fencing contractor’s business size, clients, experience, and business activities. For many fencing contractors, that perform commercial and industrial work or that have employees, costs will be a lot higher.
Do I need business insurance to work as a self-employed fencing contractor in Australia?*
Self-employed fencing contractors, or owners of fencing installation, repair and maintenance businesses , subcontracting for builders will typically be required by the builder to obtaintheir 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 fencing contractor’s insurance cover, called a certificate of currency, prior to awarding them work and ask for an update each year.
As a self-employed fencing contractor, suitable business insurance may provide credibility and valuable protection against the cost of a claim too.
Key fencing contracting activities that may be able to be covered include:*
Installation, repair, restoration, replacement, or maintenance of :
- boundary, feature ,brick, timber fences
- paling, concrete, stone, pvc, wrought iron fences
- vinyl, chain link, bamboo, colorbond, picket fences
- pool, glass, frameless fences
- domestic fencing
- commercial fencing
- industrial fencing
- some farm or rural fencing # ( #check with a Smart Business Insurance broker )
- gates and auto gates
Why do fencing contractors need tools insurance?*
Fencing contractors need tool insurance as tools are the lifeblood of fencing contracting.
They help fencing contractors just like you to complete work on time, and to deliver quality workmanship.
Fencing contractors have a large number of tools compared to many other tradies. 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.
Why should fencing contractors use an insurance broker in Australia?*
If you are a fencing contractor 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 fencing contractor.
Direct insurers and agents act for the insurer. This can be important; especially if you need to claim.
Brokers can help fencing contractors 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 fencing contractors 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 fencing installation, repair and maintenance business.