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Contractor Insurance

A lot of people in the workforce today are contractors. If you are a business owner that requires contractors, it will be your responsibility that you have gotten the proper Contractor Insurance in the events of any damages or injuries. This can include harms done to the contractors or your property. You will also need to have protection on claims made against you, or pay for any legal costs caused from being wrongly sued.

Who Can Apply for Contractor Insurance?

Anyone who has contracts with other companies is allowed to get Contractor Insurance. Many companies have a policy that they will only sign with you if you have an insurance to cover any damages and liabilities.

If you are wishing to make a contract with a governmental or federal organisation, Contractor Insurance is essential.

Contractor Insurance Cost

Contractor Insurance is basically a cross between a business and public liability insurance. The price that you have to pay for the insurance is usually calculated by the turnover of your business, and also the amount of cover needed.

The rate of insurance ranges from 0.5% to 1%.

Before officially settling to a Contractor Insurance, it is very important that you have read the Terms and Conditions, Policies, and the Product of Disclosure. This will help you decide if what you are paying for is worth the price. There are many scams and catches that you want to avoid.




More Insurance Companies

Searching for a good insurance company to join? Consider the following companies as they are currently offering exclusive offers!

Budget Direct Insurance ($50 Offer)
Budget Direct is a cheap and simple insurance company to sign up for if your risk of getting damaged is low. Always remember the universal rule that what you pay for is what you ...

GIO Insurance (10% Off)
GIO Insurance has their ups and downs. It seems that before they send your claims for your damages, they will undergo many investigations to justify that it was out of your control to ...





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Jake
Posted 2197 days ago
I have been a contractor for many years now but I have never tkane out any insurance. I have heard many stories of injuries lately and have been getting concerned about whether or not contractor insurance is really as important as it sounds.
Tom
Posted 2220 days ago
Does anyone here recommend any good contractor insurance? I am a self employed builder that fixes roof across australia