Aviso Specialty – Tools of the Trade
I have a liability policy, does this cover my Tools. No!
Tools of Trade cover is a separate policy that provides in most policies Australia Wide cover for all your Tools. Insurers don’t need an individual list of items but will need a value for them, and some may require you to specify items if they are over a certain value, around $2500 depending on the value of the item.
If any of your Tools got stolen can your business still run? Or if your entire toolbox was stolen how much would it cost you to replace all of them items in it, including many of the items that you have built up over many years. Tools of Trade cover can provide cover for these items and not leave you out of pocket or unable to work without these items.
It is important to check your policy on a Tools of Trade policy as sometimes the cover can be limited by either location, or theft exclusions. For example if a Tool was stolen from a non locked vehicle, toolbox, shed or back of a ute, it may not be covered depending on the insurer.
Can you afford to run your business without your tools? Or will the small cost of Tools of Trade insurance provide adequate protection to keep you running in a frustrating time when your tools have been stolen.
Aviso Specialty (formerly Fitzpatrick & Co Insurance Brokers) have specialised in the horticulture and arboriculture industry for over 30 years providing assistance and financial support to companies, associations and events. We are there when your industry needs you.
Give Aviso Specialty a call today to discuss your insurance options 03 8544 1600.
Aviso Specialty Insurance & Risk Advisory – RUN OFF COVER
I’ve closed my business; do I still need insurance cover?
Most Public & Products liability policies only provide cover against liability for damage to property or injury to person where the occurrence (damage/injury) happens during the currency of the policy. Therefore, any damage/injury that occurs after your policy expires may not be insured, unless you have taken out a replacement policy or run off cover.
If you are a sole trader, partnership or a registered company and you cease to trade you may need to maintain liability cover for goods or services that you provided in the past against any claim that may arise in the future. This cover is called Run Off cover and is available to ensure protection against future liabilities even though the business has ceased trading.
We strongly recommend that you arrange Run Off Cover, especially if you’re a sole trader or partnership or the company continues to exist and has ongoing net assets. The last thing you want in your retirement or when no longer working for yourself is a large bill that a liability policy would have responded to if an incident has occurred.
Please contact Aviso Specialty to discuss your situation and to arrange a competitive quote to ensure continued protection against unexpected liabilities.
Aviso Specialty (formerly Fitzpatrick & Co Insurance Brokers) have specialised in the horticulture and arboriculture industry for over 30 years providing assistance and financial support to companies, associations and events. We are there when your industry needs you.
Give Aviso Specialty a call today to discuss your insurance options 03 8544 1600.
From our sponsor Aviso Specialty (formerly Fitzpatrick & Co Insurance Brokers)
**Why Life Insurance & Income Protection are Important**
A real-life example
We would like to share a true-life insurance claims story and the importance of having the right people and the right cover for your needs.
Tania and her husband Marty approached Aviso Specialty (formerly Fitzpatrick & Co Insurance Brokers) unsure what they needed but were concerned about protecting their family in case of ill health. Our adviser reviewed their current life situation, gave them options and helped them implement the policies that they selected.
Less than 12 months later Tania was diagnosed with a severe brain tumor. We have recently been successful in securing the payment of Tania’s Total & Permanent Disability payment and she continues to receive her monthly income protection payments. The below is a letter received from Tania this week:
“When I met you to discuss our insurance needs, I never ever thought I would need income protection or Total and permanent disability cover as I lead a healthy lifestyle. I remember you talking to me about the risk that my family could face if I was out of action as I was a working Mum. I decided to take your advice and take out the insurance policies, but little did I know that within 12 months I would be diagnosed with a malignant tumor in my head. I now need years of rehabilitation, am unable to ever return to work and our world has been turned upside down.
The Life, total and permanent disability and income protection policies you put together for me changed our lives forever. Marty remembers when he called you to tell you what happened to me and you got onto the claims process immediately. We had a lot of forms to complete and you came to our home and sat with me one morning to go through it all. I am so grateful for the numerous phone calls over 6 months between the insurer and you so that you could minimise my involvement, as I was unable to comprehend the information. We truly understand and appreciate the time you put into our claim.
We can’t believe that we have now paid off our mortgage thanks to these policies. In addition, Marty can go to work and continue to run his business while I get the necessary medical attention and care that I need. My income protection policy allows me to contribute to our family and medical needs. Your advice, guidance, and assistance with the payment of the policies covered all our issues and removed all financial stress. I am very grateful that we took your advice and that we had Fitzpatrick & Co. looking after us.”
Life Insurance and any insurance is a vital aspect of not just your life but your business. The above story shows the real-life reason why having the right cover and people are so important.
Aviso Specialty (formerly Fitzpatrick & Co Insurance Brokers) have specialised in the horticulture and arboriculture industry for over 30 years providing assistance and financial support to companies, associations and events. We are there when your industry needs you.
Give Aviso Specialty a call today to discuss your insurance options 03 8544 1600.