Working as a plumber, you know there are a number of risks you face every day. Risks that can have a significant financial impact on your business, potentially leaving you without work or the means to earn an income. That’s why protecting your business with the right insurance NZ cover is so important to you. Because when things go wrong that could impact your business, it’s helpful to know that Business Assets Insurance covers you and your business with financial protection.
Business Assets Insurance for plumbers is designed to protect against a financial loss from claims made against a plumber’s business. It covers plumbers and their business for when things happen. Things like accidental damage to someone else’s property or to a vehicle used in the business; theft or loss of tools or equipment; injuries to tradies and other staff not covered by ACC; or circumstances outside of your control that prevent the business from operating as normal and earning a profit.
The best way to safeguard a plumber’s business is to ensure the business is protected with the right type of NZ insurance cover for:
Having tools or equipment stolen or damaged beyond repair is not only a major inconvenience, but it can be costly too. Not having the right plumbing tools on hand could mean turning down work or putting jobs on hold until you can afford to replace or repair tools and equipment.
With Business Assets Insurance, plumbing tools and equipment can be replaced or repaired when lost, stolen or damaged.
A plumber from Christchurch was faced with the theft of several expensive power tools and laser levels stolen from a plumbing van parked on site overnight. Fortunately for the plumber, a claim was processed under the Business Assets Insurance policy and the stolen items could be replaced right away.
Claims made against a plumber’s business can leave the business struggling financially. As a plumber, it’s vital you protect yourself and your business with insurance cover for:
A plumber working on site at a client’s home, accidentally drilled into a water pipe causing extensive water damage to the client’s property. The cost of repairs and replacement were covered by Public Liability Insurance. A tradie at a plumbing business lodged a claim against the business after suffering chronic back pain following years of work as a plumber. The Employer’s Liability insurance covered the cost of medical bills and treatment. Water pipes installed by a plumber were not completed according to the plans and specifications of the build, resulting in legal costs and penalties imposed upon the plumber, all of which were take care of under the Statutory Liability Insurance policy.
When a temporary crisis threatens your cash flow, it can be a major disruption. Damage to business premises or a natural disaster – such as earthquake, fire or flood – preventing you from accessing your business premises could mean downing tools until things return to normal.
When you’re unable to work because of circumstances outside of your control, Business Interruption Insurance helps protect your cashflow, replaces lost income, and pays for expenses that you still need to cover, so you can get back to work without further disruption.
A plumber’s business destroyed in a fire resulted in significant financial loss for the business. However, a claim made against Business Interruption Cover meant the plumber could return to work while the business was rebuilt and the cost of replacing all tools and equipment lost in the fire was covered.
At Max Insurances, our insurance brokers understand that your insurance needs are unique. Which is why we provide expert advice that’s tailored to your situation, and an insurance solution to fit your business. By working with plumbers and other businesses to understand the risk they face, we can help ensure you get the right NZ insurance cover, so you’re not left paying for too much insurance or not enough cover when things go wrong.
Max Insurances brokers work with a wide range of insurance providers in New Zealand, which allows us to explore a variety of policies and insurance types so you get maximum flexibility in your insurance cover. Proof of insurance certificate is issued same day, and the details can be updated easily to provide to your customers.
Remember, we work for you, not the insurer, so we put your needs first. Give us a call on 0800 ASK MAX (0800 275 629) right now to see how Max Insurances can help you.
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