Thanks Thanks:  0
Needs Pictures Needs Pictures:  0
Picture(s) thanks Picture(s) thanks:  0
Results 1 to 8 of 8
  1. #1
    Join Date
    Feb 2014
    Location
    Newcastle NSW
    Posts
    40

    Default Insurance question

    Hi guys and gals. Ive been doing a little bit of mobile welding for a while now and things are starting to ramp up a bit so im seriously considering pushing on with it a bit more seriously as an extra source of income on top of my regular job so my question is what type of insurance for this type of work would you recommend or even use yourself?
    Most of my work involves repairing gates, trailer rust repair etc although no critical work.

    Cheers

  2. # ADS
    Google Adsense Advertisement
    Join Date
    Always
    Location
    Advertising world
    Posts
    Many





     
  3. #2
    Join Date
    May 2011
    Location
    Murray Bridge SA
    Posts
    3,339

    Default

    Quote Originally Posted by Zumanity View Post
    Hi guys and gals. Ive been doing a little bit of mobile welding for a while now and things are starting to ramp up a bit so im seriously considering pushing on with it a bit more seriously as an extra source of income on top of my regular job so my question is what type of insurance for this type of work would you recommend or even use yourself?
    Most of my work involves repairing gates, trailer rust repair etc although no critical work.

    Cheers
    The minimum I would go with is Public Liability $40 million+, and product liability. Public Liability to cover you in case you burn down a house, start a grass fire etc. Product Liability to cover a problem (if it causes an accident) ie trailer drawbar repair failing.
    Another handy insurance, would be for your tools in the back of work ute van etc. against theft, loss etc.
    Been there, done that.
    Kryn

  4. #3
    Join Date
    Feb 2014
    Location
    Newcastle NSW
    Posts
    40

    Default

    Thanks Kryn. How much per year would i roughly expect to pay for that type of cover mentioned? Obviously rough estimate is all im after at this stage before i start ringing around. Cant do a great deal right now being the long weekend etc

  5. #4
    Join Date
    May 2011
    Location
    Murray Bridge SA
    Posts
    3,339

    Default

    Sorry can't help with prices as it was 10+ years ago that I had my business. Everything has gone up since then, I can't even remember what I paid back then. Just remember your home and contents insurance won't cover your equipment away from home.
    Contact as many Insurance Co. that you can, as prices vary with what they will/won't cover. The public liability cover might seem high, but remember if a fire gets away, costs could even be over that amount.
    A lot of places refuse to do onsite work, because of insurance costs.
    Kryn

  6. #5
    Join Date
    Oct 2011
    Location
    Adelaide
    Age
    59
    Posts
    3,149

    Default

    And some places won't even let you on site unless they see your insurance certificates.

    Michael

  7. #6
    Join Date
    Sep 2010
    Location
    Lebrina
    Posts
    1,099

    Default

    Find thee a good commercial insurance broker.
    A good knowledgeable broker will be worth their weight in gold and will know the potential pitfalls and advantages of the multitude of policies out there and advise you on the best package to suit your business needs.
    Apart from all the liability and tool insurances to be considered, make sure that you protect your primary income, which if I am reading your post correctly will not be derived from your welding sideline. If for example, you injure yourself in the course of carrying out your sideline activities and cannot attend your primary employment, you would want your income well protected.
    While I have mixed feelings about unqualified of semi qualified persons hanging up their shingle as a welder, I commend you for going about it responsibly and getting your ducks in a row as far as insurance goes.
    I reckon you will get quite a shock at the prices for your required insurances.
    One final thought too. As a Person Conducting a Business or Undertaking, (PCBU), you will be subject to some pretty powerful Workplace Health and Safety legislation which I would strenuously advise you to familiarise yourself with.

  8. #7
    Join Date
    Feb 2014
    Location
    Newcastle NSW
    Posts
    40

    Default

    Thankyou muchly guys! Karl, i have separate income protection insurance for my primary income in case something was to happen to me and will definently look into a quality broker in the coming days and will be sure to post the results of my dealings

  9. #8
    Join Date
    Aug 2008
    Location
    Bendigo
    Age
    51
    Posts
    662

    Default

    If it gets bigger and you take somone on to help, more cost, BS and insurance crap to deal with.

    Yeah a good insurance broker as previously mentioned is a goer here. Sorting out whats required and whats not can be a bit of a minefield.

    Good luck with it.
    www.lockwoodcanvas.com.au

    I will never be the person who has everything, not when someone keeps inventing so much cool new stuff to buy.

    From an early age my father taught me to wear welding gloves . "Its not to protect your hands son, its to put out the fire when u set yourself alight".

Similar Threads

  1. Insurance
    By Mrs Woodpecker in forum WOODTURNING - PEN TURNING
    Replies: 7
    Last Post: 3rd July 2012, 08:13 PM
  2. Insurance
    By pmcgee in forum ANTIQUE AND COLLECTABLE TOOLS
    Replies: 2
    Last Post: 11th June 2012, 10:28 PM
  3. Insurance
    By Pagie in forum BOAT RESOURCES / PRODUCT SEARCH
    Replies: 2
    Last Post: 20th October 2007, 07:19 PM
  4. Insurance
    By contrebasse in forum MUSICAL INSTRUMENTS
    Replies: 10
    Last Post: 25th April 2007, 11:09 PM
  5. Insurance
    By Ivor in forum WOODWORK - GENERAL
    Replies: 22
    Last Post: 20th April 2006, 12:32 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •