Top 5 Insurance Tips When Utilising Sub-Contractors – in 60 Seconds
1. Always request a certificate of currency prior to commencement.
2. Review the business activities detailed on the certificate of currency. If the business activities are noted as Human Resources Consultant and IT Consulting is being undertaken, the policy will not respond as only the insured business activities are covered.
3. No Insurance no start. The ramifications for your business is not worth it.
4. Check the Insured entity on the policy. Policies only cover the Insured detailed on the policy. If operating under a different entity/name then what is detailed on the policy, there is no cover.
5. Check the Limit of Liability. Is it adequate?
All care is taken to ensure the information contained on this site is correct. As products, your circumstances and laws are constantly changing we cannot guarantee the information contained on this is site is correct. This advice is general advice only and does not take into account your individual objectives, financial situation or needs (“your personal circumstances” ). Before using this advice to decide whether to purchase the insurance policy, you should consider your personal circumstances and the relevant Product Disclosure Statement available.