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Plasterers Insurance

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Plasterer Insurance NZ

Your Local Plasterer Insurance Professionals.

Are you a plasterer in New Zealand and considering whether you need business insurance? Or perhaps you’re wondering what types of coverage are necessary to protect your business operations? Look no further. As a plasterer, there are several types of insurance covers you might require to protect your business from a variety of potential risks. At Gerrards Insurance Brokers, we help you navigate this complex landscape, ensuring you get the best cover and deal for your plasterer business. Feel free to contact us now to get a quote, or continue reading to learn more about Plasterer Insurance.

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Why Do Plasterers Need Insurance?

As a plasterer, your work involves numerous risks. You might inadvertently cause damage to property, or your tools might be stolen from your vehicle. In these situations, the right insurance coverage is your safety net, protecting your business from significant financial loss. With the right insurance cover, you can focus on what you do best – plastering.

Types of Insurance Cover for a Plasterer Business

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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
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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
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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 
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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
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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
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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 

Plasterer Insurance Claims Examples

Claims examples can help illustrate the importance of comprehensive plastering insurance. Let’s consider the following scenarios:

Cracks in plaster

After leaving a clients job, you receive a call later that the plaster has cracked. If this or a similar defect occurs, the defective workmanship extension of your public liability insurance could cover the claim, protecting you and your business from the financial fallout. 

ClaimsExample 2023 07 15T195336.373

Door Left Unlocked

In a scenario where a door is left unlocked at a job site, leading to property theft or damage, your Public Liability Insurance could cover the associated costs.

ClaimsExample 2023 07 15T195339.462

Painting damaged on way past

If you were to accidentally damage a painting while moving past it, your Public Liability Insurance could cover the replacement or restoration costs.

ClaimsExample 2023 07 15T195349.355

Car Broken into and Equipment Stolen

If your work vehicle is broken into and tools or equipment are stolen, your Vehicle and Tools Insurance would cover the replacement costs.

ClaimsExample 2023 07 15T195353.664

WorkSafe Investigation

Should your business face a WorkSafe investigation due to a health and safety breach, your Statutory Liability Insurance could cover the potential legal costs. 

ClaimsExample 2023 07 15T195402.082

Transferring Money into a Fraudulent Account

In the unfortunate event that you fall victim to a scam and transfer money to a fraudulent account, your Cyber Insurance could cover the loss.

ClaimsExample 2023 07 15T195411.844

What to Watch Out for with Plasterer Insurance

Here are some aspects you need to consider when selecting a glazier insurance policy:

Inclusion of property being worked on or defective workmanship cover 

Check if property being worked on or defective workmanship cover is included under your public liability policy. Without this, you won’t be covered for anything you’re actively working on.

Check your policy limit

Make sure you’re obtaining a high enough policy limit for your public liability insurance. Given the recent claims in New Zealand, a limit of $2,000,000 or more should be considered.

Keys and locks cover

Keys and locks cover should be included in the public liability policy. This provides cover if you lose a key and the locks need to be replaced.

Theft cover

Ensure theft cover isn’t excluded on tool insurance. Some policies include cover for open-air theft, while others are more restrictive.

Coverage for fraudulent transactions

Be wary of transferring money to fake or fraudulent accounts. Ensure your cyber policy includes cover for cyber fraud.

Leased or Hired Vehicles

Ensure you have sufficient business vehicle insurance cover for all vehicles used in your business, including those owned, hired, or used under contract.

Check your Excess

Ensure that you’re comfortable with the excess in your policy as you will be up for this amount in the event of a claim.

How Much Does Plasterers Insurance Cost?

The cost of plasterers insurance can vary greatly, starting from as little as $300 a year for a small business wanting public liability cover to thousands of dollars for larger businesses with many vehicles and employees. To get an indication of cost or a full quotation, please contact us at Gerrards Insurance Brokers. Factors that influence the cost include:

Business size and turnover

Larger businesses with higher turnover generally require more extensive cover, which can increase costs.

Your Location

Where your business operates can impact the cost of your premiums.

Who is being covered?

The number of employees and types of roles within your business can affect the cost.

Your Claims history

If you have a history of making many claims, this can increase your premiums.

Level and types of cover required

For instance, a plastering business owner who wants comprehensive coverage, including public liability insurance, statutory liability insurance, business vehicle insurance, loss of use cover, plant/tools insurance, cyber insurance, and employment disputes insurance, will is going to end up paying significantly more than a more risk adverse owner who only wants public liability cover.

What Happens When I Need to Claim on My Plasterer Insurance?

At Gerrards, we handle the claim on your behalf. Our claims experts will manage the process, liaising with the insurer to ensure a smooth and prompt settlement.

How Do I Buy Plasterer Insurance?

Talk to us at Gerrards Insurance Brokers, and we will guide you to the right cover and the best deal.

Should You Use a Broker for Plasterer Insurance?

Absolutely. An insurance broker can provide valuable advice, advocate for you during a claim, and help you secure the best deal for your unique business needs.

Conclusion

Whether you’re a sole trader or run a large plastering firm, Gerrards Insurance Brokers can help you find the right plasterer insurance. With us, you can focus on your work knowing that your business is protected against potential risks. If you have more questions or are ready to get a quote, don’t hesitate to contact us. Your peace of mind is our priority.

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