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Gasfitters Insurance

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Gas Fitting Insurance

Your Local Gasfitters Insurance Experts.

At Gerrards Insurance Brokers, we understand that running a gas fitting business comes with unique risks and responsibilities. From potentially costly public liability claims to loss of valuable equipment, the challenges are real and varied. That’s where the right insurance cover steps in.

Need a quick quote right now? Don’t hesitate to contact us for immediate assistance. If you wish to learn more about the ins and outs of gas fitting business insurance, read on for a comprehensive overview.

Why Do Gasfitters Need Insurance?

First and foremost, insurance isn’t just a formality—it’s an essential safety net for your business. In the gas fitting industry, you’re often working in a variety of settings with potential hazards. From routine installations to emergency repairs, your tasks carry an inherent risk of causing property damage or bodily injury. Moreover, your tools, vehicles, and even your reputation are valuable assets that need protection. Insurance provides a buffer for these risks, ensuring your business continuity even in adverse circumstances.

Cover Options for a Gas Fitting Business

Public Liability

This policy covers common business risks including bodily injuries, customer property damage, and advertising injuries. It’s required for most commercial leases.

Best For
  • Business Accident Coverage
  • Third-party Damages
  • Legal Cost Protection

Statutory Liability

This cover is a type of protection that helps people or businesses cover costs if they accidentally break certain laws or regulations.

Best For
  • Unintentional breaches protection
  • Legal costs
  • Fines and penalties

Business Vehicle Insurance

Protects vehicles used for work purposes. It covers accidents, damages, and injuries related to the vehicle while it’s being used for business and personal activities.

Best For
  • Repair costs
  • Third party damages
  • Injuries 

Loss of use

Coverage that helps when your vehicle is unusable due to an accident. It covers the cost of a temporary replacement vehicle, so you can still get around while your car is being repaired.

 

Best For
  • Temporary vehicle
  • Reimbursement expenses
  • Accident downtime

Tool Insurance

Safeguards your tools against unexpected events, like burglary or accidental damage, ensuring you won’t have to bear the financial burden of replacing them.

Best For
  • Burglary protection 
  • Accidental damage protection
  • Anywhere in New Zealand cover

Cyber Insurance

Insurance that helps protect individuals and businesses from financial losses caused by cyber-related incidents, like data breaches and computer attacks.

Best For
  • Ransomware attacks
  • Phishing scams 
  • Cyber extortion 

Gas Fitting Business Claims Examples

To understand the significance of these covers, consider the following examples.

Door Left Unlocked

An employee accidentally leaves a client’s door unlocked, and the house gets burgled. Public Liability Insurance can cover the client’s losses.

Painting Damaged on Way Past

An expensive painting is damaged during your work at a client’s house. Your Public Liability cover may take care of the damages.

Car Broken Into and Equipment Stolen

Thieves break into your business vehicle and steal expensive tools. Your Vehicle and Plant/Tools Insurance could cover these losses.

Worksafe Investigation

After an unfortunate accident at the worksite, Worksafe initiates an investigation. Statutory Liability Insurance could cover the defence costs. 

Defective Workmanship

A defect in your work leads to a small fire in a client’s home. This could be covered under your public liability insurance. The cost to fix the defective work could be covered under the defective workmanship extension. 

What to Watch Out for with Gas Fitting Insurance

There are several key points to consider when selecting your gasfitters insurance policy

Inclusion of Property Being Worked On or Defective Workmanship Cover

Many public liability policies do not include this cover as standard, and without it, you won’t be covered for anything you’re actively fixing or working on.

Policy Limit

Consider a public liability limit of $10,000,000 or more due to the trend of recent claims in New Zealand.

Keys & Locks Cover

Always include keys and locks cover in the public liability policy.

Theft Cover

Check if theft cover is included on tool insurance. Policies vary regarding cover for open-air theft. 

Business Activities

Make sure that you are covered for all your business activities. Some policies might exclude certain high-risk activities. For example if you state you are only doing residential gas fitting but you also do industrial gas fitting, the industrial aspect of your business wouldn’t be covered under that policy. 

Regular Reviews

Regularly review your cover as your business grows or changes to ensure it remains adequate. If you begin taking on employees or doing different types of work the cover may need to change dramatically. 

The Cost of Gas Fitting Insurance

The cost of insurance varies greatly and depends on several factors:

Size and Turnover

Larger businesses with higher turnovers generally have higher premiums.

Location

The geographical location of your business influences the risk level and subsequently the cost.

Who is Being Covered

The number of employees and the extent of their involvement can affect the cost.

Claims History

A history of frequent claims can result in higher premiums.

Level and Types of Cover Required

More extensive coverage generally costs more.

Need a cost indication or a full quotation? Please contact us at Gerrards Insurance Brokers.

The Claim Process for your Gasfitters Insurance

Should you need to make a claim, rest assured that our claims experts will handle the process on your behalf, liaising with insurers and working tirelessly to get your business back on track as soon as possible.

Buying Gas Fitting Insurance

Buying insurance can be confusing and overwhelming. That’s where we come in. Talk to us at Gerrards Insurance Brokers and we will help you navigate the maze, ensuring you get the right cover and the best deal. 

Our Insurers

We work with a variety of insurers including Vero, NZI, QBE, Ando, AIG, TLC, UANZ and more to provide you with multiple options.

Conclusion

When it comes to gasfitters insurance in New Zealand, the right knowledge and the right partner make all the difference. By understanding your business needs and potential risks, you can better navigate the insurance landscape. As experienced brokers, we at Gerrards are committed to guiding you every step of the way, ensuring you receive the best deal and the right cover for your business. Contact us today and let’s ensure your business is well protected.

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