As a plumber you are faced with different challenges every day, one minute you’re fixing a burst pipe, next you‘re unplugging a drain, no two days are ever the same! While you are busy looking after your client‘s plumbing problems, take the time to consider protecting your plumbing business with the right kinds of business insurance. When there’s an overflow of unplanned issues like a claim from a customer, Public Liability insurance* could help save the day!

As a small business owner, there is a lot to think about when running your own business. Whether it’s balancing the books, creating marketing plans or connecting with customers, the list goes on. But when it comes to protecting your business, it‘s crucial to understand the importance of business insurance and the different kinds of products that are available.

As a plumber you are faced with different challenges every day, one minute you’re fixing a burst pipe, next you‘re unplugging a drain, no two days are ever the same! While you are busy looking after your client‘s plumbing problems, take the time to consider protecting your plumbing business. When there’s an overflow of unplanned issues like a claim from a customer, Public Liability insurance could help save the day!

If you’re a sole trader or small business owner, protecting your business and your customers with Public Liability insurance is one of the most important aspects. It offers protection should a customer, supplier, or even member of the public, sue your business for damage to their property. And whilst you probably take every care not to damage their property, it doesn’t mean you won’t be found negligent should an unwanted accident occur, or someone attempts to make a claim against you. As cliché as it sounds, accidents happen. If you don’t have Public Liability insurance you face the risk of being out of pocket for hefty legal and compensation costs that can potentially cripple your business.

With more and more businesses opting to operate their business activities online comes the risk of increased online cybercrime, and unfortunately accountants are no exception. Cyber criminals don’t discriminate when it comes to the type of business they are after and are increasingly becoming more advanced in their styles of attacks.

In Part 4 of our Understanding Insurance series we explore how Cyber Liability insurance can protect your business from online threats and attacks.

One of the things that makes New Zealand one of the safer countries for workers in the world is that there is a robust occupational health and safety regulatory system, backed up with numerous Acts of Parliament, to ensure that workers are kept safe as they go about their daily occupations. The legislation in place has fines or other penalties attached for breaches of regulations, and in many instances business owners or directors can be personally liable for these.

When it comes to business insurance and tradie insurance, there can be a lot that tradies and subcontractors can benefit from understanding. The sheer number of unique risks that tradies are required to manage may seem overwhelming, which is why many tradies choose to reduce their risk via trade insurance.

No matter how big or small your business is, accidents can and do happen. Public Liability insurance* provides peace of mind for claims for third party property damage or personal injury. If you deal with people in any capacity from clients to suppliers and members of the public, then Public Liability insurance is an important form of protection worth considering.

There’s a great deal of responsibility that goes into being an accountant, getting the numbers right and helping your client’s balance their books. Not only do you have the responsibility to deliver the goods, but you also have a professional responsibility when it comes to ensuring you have the appropriate types of insurances in place, like Public Liability insurance*.