If you’re an electrical contractor in Queensland, you’ll probably already know that you need a special type of public liability insurance.
The Qld state government requires that all electrical contractors in Qld be licensed, and in order to obtain or renew your licence there are certain requirements in place for insurance.
What Are The Requirements?
All licensed electrical contractors operating in Queensland must hold a broadform liability policy which includes cover for consumer protection.
These requirements affect not only electricians located in Qld, but also electricians working in Qld that may already be licensed in a different Australian state.
Broadform Liability Insurance
Broadform liability is essentially the same as public liability insurance. The policy should cover you for public liability and product liability. This means you are covered for any damage that you cause, as well as damage caused by the products you supply.
The current requirement for broadform liability is a policy which provides at least $5 million in coverage.
Consumer Protection Insurance
In addition to broadform liability your policy must also include coverage for consumer protection insurance up to a minimum of $50,000.
Not all insurance companies offer consumer protection insurance, and it is important to choose a policy which has the specific clause required for a Qld electrical contractors licence.
Certificate of Currency
In addition to requiring a unique form of insurance, the Qld state government also requires a unique certificate of currency in order to obtain or renew a licence.
The required certificate of currency carries the state government logo along with specific wording about the cover. The certificate must also be stamped and signed by your insurance broker.
When taking out insurance through a broker you should always ask them first if they can provide the unique certificate required in Qld, otherwise you will be wasting your money on the policy.
Liability Insurance Quotes
The easiest way to obtain a quote on your public liability insurance is to use a broker. Most brokers will be able to assist, but for Qld electricians it is probably best to use a local broker who knows the local rules.
A broker will be able to assist you in determining your public liability insurance cost and will also be able to ensure you have the right cover in place for your licence requirements.
To be put in contact with a suitable insurance broker, please get in contact with us or complete our online public liability quote request.