Part Time Business Insurance

[dazzler]

Hi all

Does anyone have 'part time' business /public liability insurance.

Now that I am back with the govt I still want to play with my machines maybe one or two days a fortnight and want to be covered. Cant find anything on the net and get confused when speaking with insurance brokers.

Any tips?

[Wood Borer]

The Victorian Woodworkers Association has product and public liability insurance for it's members for $165 per year.

Their ad is in most of the popular woodwork magazines. If you can't find the details send me a PM.

[soho5656]

hi this is leo kim
i would love to use PLInsurance of victorian woodworkers association
and it cost only $165. that's great i think.
thank you

[soho5656]

hi wood borer
wish you could tell me how i can contact public liability insurance. any telephone number to contact them or web site?
most appreciated

leo kim

The Victorian Woodworkers Association has product and public liability insurance for it's members for $165 per year.

Their ad is in most of the popular woodwork magazines. If you can't find the details send me a PM.

[tea lady]

The Victorian Woodworkers Association has product and public liability insurance for it's members for $165 per year.

Their ad is in most of the popular woodwork magazines. If you can't find the details send me a PM.

A lot of clubs and art bodies seem to have similar things for their members. Regonal Arts Victoria I think has something too. You can nominate what you actually want the insurance for. Open studio, workshops, couple of weekends a year and all that.
http://www.rav.net.au/funding-and-re...rtists/art-pli

[toolbagsPLUS]

hi wood borer
wish you could tell me how i can contact public liability insurance. any telephone number to contact them or web site?
most appreciated

leo kim

ph. 03 5776 2178 www.vwa.org.au email: [email protected]

Contact Meg Allan


Cheers

Steve

[old pete]

Hi Dazzler,

I think you need to define clearly what risks you want to cover. I went through this about 9 months ago when my domestic insurer refused to continue to provide cover for my semi commercial risk exposure in a workshop, contents and raw material and Public Liability and product Liability. These risks apart from separate Public Liability had been detailed endorsed and valued on the household policy.

If you've got an ABN then by definition you are operating commercial if you make one sale. That was the ruling I was given.

The cover provided by most domestic insurance for tools, equipment and machinery, stock, raw material and WIP is almost negligible unless the policy is endorsed for those risks and I couldn't get anyone to cover on that basis after the first knock back from my existing insurer.

I've now got commercial cover but I've limited it severely to make it affordable. Essentially I've covered the workshop strucxture against fire, the static and portable equipment against fire, limited cover for raw material and stock against fire, plus public liability and product liability. Theft I've managed myself by making the place very much more difficult to enter. Theft insurance is unaffordable.

When you go this commercial insurance route the premises have to be up to a standard and semi risky activities such as spraying and flammable goods storage have to conform to commercial standards. There are also higher electrical safety and electrical isolation compliance requirements.

I got my policy through City Rural Insurance Brokers [email protected]. Try them for details for your specific risks you need to cover.

This exercise for me indicated that there a lot of folks out there who have big bucks value in hobby or semi commercial workshops at domestic premises or under the house workshops that they mistakenly think are covered by domestic insurance and this is generally not the case. Indeed some risky activity could invalidate or limit domestic risk cover under domestic insurance policies.

It's all pretty hard and bloody expensive to fix this up and some folk just opt to carry the risk or bury head in sand. I live just up the road from you. If you send me a private E mail I'll give you more detail so you don't have to do all the homework again