Your ability to earn an income is likely your biggest asset requiring protection. Through our association with Atlantic Financial Services, we can provide advice on a range of personal risk insurances, including Income Protection and Life Insurance.
Workers Compensation requirements differ from state to state in Australia. Atlantic can help to coordinate insurance to cover your employees against injury at work.
If you import stock or materials we can assist with a Transit policy that will protect the carriage of your goods for imports, exports and local transit by air, road, rail and sea. We can also arrange cover for these goods whilst in storage or for transit of customers goods.
We recommend that all of our trades clients consider a Management Liability policy. This protects the Directors, Officers and Employees of your Company against claims arising from negligence in the performance of their duties. Covers include Directors and Officers Liability, Employment Practices Liability, Crime, Statutory Liability and many more.
Many Tradies own Plant and Machinery such as excavators, bobcats, skid steers and forklifts. We offer a range of policies to cover these items for Theft and Damage along with Third Party Liability if these items are registered.
We are experienced in organising both single Commercial Motor policies and Commercial Motor Fleet policies if your business operates a fleet of vehicles, which can be extended to cover automatic additions and deletions, free windscreen, along with other benefits.These policies provide protection for your vehicles, including own damage and third party property damage.
If you own or lease a factory or warehouse, we can organise cover for your Buildings, Stock and Contents for risks such as Fire, Accidental Damage, Malicious Damage, Water Damage, Impact, Business Interruption, Theft and Glass Breakage.
The ATO continue to target self-employed tradie’s for tax audit. Atlantic can set up a policy that will cover your tax audit expenses in the event you are audited by the ATO or other government agencies.
If you require a more basic coverage to protect your income, Atlantic can assist with Injury and Illness Insurance, with benefit periods up to 5 years and waiting periods as low as 2 weeks.
Atlantic Insurance has been assisting our Trade and Plumbing Clients arrange Tools Insurance Policies for over 25 years.
We appreciate that the theft or accidental loss of a Tradie’s Tools can have a catastrophic impact on your business and will often mean that you are unable to work and ultimately earn an income.
Speak with us today about the options for arranging an Insurance Policy to cover the theft or accidental loss of your Tools.
A Tools Insurance Policy is designed to cover a Tradies Tools whilst at your business location and also Australia Wide. There are generally two levels of Tools cover available with a “Listed Events” cover providing a limited cover for fire, theft, collision and other perils such as lightning, explosion, malicious damage or vandalism. An Accidental Damage cover is much more comprehensive and generally our recommendation of choice that will provide cover for accidental loss and damage to your tools (excluding cover whilst the tool is in use) as well as fire, theft, collision and other perils.
It is important to note that most Tools Insurance Policies require “forced and violent entry” to either your premises or vehicle for coverage to be triggered however some insurers can extend their policy to provide “theft in the open air” subject to an extra premium.
Important consideration must be given to a Tools Insurance Policies “basis of settlement”. Some insurers will only provide cover for the market value of your tools based on the age and factoring in depreciation. Atlantic Insurance have access to insurance products that will offer you new for old replacement with some conditions on the age of Tools.
Whether you are a Plumber, Electrician, Landscaper, Painter or any other specialist Trade, you will likely carry stock and scaffolding. Atlantic Insurance can negotiate the inclusion of cover for stock and scaffolding subject to some limitations to protect you.
Many Tradies have a requirement to hire specialist equipment to complete jobs from time to time. There is a misconception that hire companies will provide automatic coverage for loss, damage or theft whilst on hire and when cover is purchased from these hire companies often the cover is limited or excesses very large. It is important that you understand this exposure. Our experienced Client Managers can discuss whether a “Hired In Extension” would be suitable to provide cover for the equipment that you hire in from time to time where you may be responsible for loss or damage.
Speak with one of our experienced Client Managers todays to discuss how we can help you protect your Tools. (& source of income)
If you rely on your Tools to earn an income you should consider a Tools Insurance Policy. Following an insured loss a Tools Insurance Policy will assist you financially to replace your Tools and get back to work.
Returning to your vehicle or premises and discovering your Tools have been stolen can be exceptionally distressing for any Tradie.
Our experienced Client Managers will assist you to prepare your claim, lodge your claim with your insurer and negotiate a fast and fair settlement.
Providing proof of purchase / ownership of your Tools is often one aspect of a Tools claim that may delay settlement.
Out Client Managers will outline what is required to substantiate your loss during your first notification of a claim which will often assist your insurer assess and provide a settlement offer leading to a faster resolution for our Tradie Clients.
Whilst Home Policies all differ, generally a Home Insurance Policy will exclude cover for Tools that are used for earning an income when away from the Home.
Generally a Motor Policy will only provide a very small limit for Personal Items and will only respond following damage to your vehicle.
Most insurers will provide a limit for unspecified Tools, these limits generally range from $2,000 – $3,000 per item. Anything below this limit does not need to be specified and is covered to the unspecified Tools limit taken.
In most cases a cash settlement can be negotiated allowing you to replace your tools at a supplier of your choice. To facilitate this proof of purchase or ownership is a must.
ATLANTIC INSURANCE
6 Monomeeth Drive,
Mitcham, VIC 3132
03 9836 3733
