Business Insurance for Welders

What Insurance Do I Need as a Welder?*

Some of the major types of business insurance covers available to a welder 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 welders need public liability insurance?*

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

Welders need public liability insurance as welding involves hot works and sparks that increase the probability of an accident on site.

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

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

• Injury to other persons due to your welding activities –Where a welder’s business activity causes harm to a third-party person. For example, a client ignores your warnings to stay away from the site and get burnt by hot sparks or injure themselves when they trip and fall over debris, or your welding equipment .
• Damage to others property due to your welding activities – Where a welder’s business activity causes damages to a third- party’s property. For example, a welder may accidently cause damage where a spark from a welding machine ignites a fire, damaging a client’s property.
• Harm to other persons or other persons property due to your welding business’s products – Where a welding business’s products and goods supplied causes harm to a third party -person or a third- party’s property. For example, products a welder has supplied, repaired, or manufactured cause harm, injure someone or cause property damage.

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

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

Business insurance pack for welders*

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

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

For example, if a welder 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 welders with a business insurance pack are Public Liability Insurance and Product Liability Insurance.

Optional inclusions for welders 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 welders*

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

Personal accident insurance for a welder 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 welder’s income, and a long period away can negatively affect their savings, family, and lifestyle.

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

General Property and Tools Insurance for welders*

As a welder, you are likely to have many tools and equipment that allow you to do your job, such as Welding guns,  TIG welders, MIG welders,  Flux Cored Arc welders, Stick welders, Welding helmets, Grinders and Spool guns.

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

General property insurance can help you keep operating effectively.

It may provide needed funds to replace your tools such as Welding guns,  TIG welders, MIG welders,  Flux Cored Arc welders, Stick welders, Welding helmets, Grinders and Spool guns. And can help keep you in business.

Commercial motor insurance for self-employed welders*

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

Plant & Equipment Insurance for welding businesses*

Plant & Equipment Insurance may provide cover for owners of small welding businesses that operate equipment such as Welding Machines , Welding Table and Carts , Safety Equipment , Welding guns,  TIG Welders, MIG Welders,  Flux Cored Arc Welders, Stick Welders, Welding Helmets, grinders, spool guns and forklifts.

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