Representing Arborists in Queensland & Nth NSW
PO Box 327, Cleveland, BRISBANE QLD 4163
Mon-Fri: 8:30am - 2:30pm
02 Sep 2018

Fitzpatrick & Co Insurance Brokers – 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 Fitzpatrick & Co to discuss your situation and to arrange a competitive quote to ensure continued protection against unexpected liabilities.

Mick Le Grand, Director of Programs at Fitzpatrick & Co. on 03 8544 1634 or email mickl@fitzpatrick.com.au.

Fitzpatrick & Co 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.

02 Sep 2018

Fitzpatrick Insurance Brokers – 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.

For assistance with any of your insurance needs please contact Mick Le Grand, Director of Programs at Fitzpatrick & Co. on 03 8544 1634 or email mickl@fitzpatrick.com.au.

Fitzpatrick & Co 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.

28 Jun 2018

Workshops 2019

QAA are committed to providing our members and industry supporters with professional workshops and educational events

Head over to our “Events” tab to check out what workshops are currently available and check back regulary to keep up to date.

This year’s program is continuing to be packed with relevant and interesting Arboricultural and related topics and we can’t wait to see you at one of our programs soon.

For more info or bookings, contact the QAA Office on 07 3821 1488 or email admin@qaa.net.au

24 Jun 2018

Ready for Tax Time

We know it’s a busy time of year.

Here are some tips to help you get ready to lodge your tax return:

  • Gather and sort your business records now, including cash, online, EFTPOS, bank statements, credit or debit card transactions covering:
    • sales and other business income
    • expenses you can claim as a business deduction such as staff wages, contractor expenses, operating expenses and business travel expenses.
  • If you changed your record keeping software during the year, check that all your information has transferred over correctly.

Are you a sole trader?

  • Even if your income is below the tax-free threshold, you still need to lodge a tax return.
  • Do you pay PAYG instalments? Lodge your activity statements and pay all your PAYG instalments before you lodge your tax return so your income tax assessment takes into account the instalments you’ve paid through the year.

We offer a range of support services and tools to help you get it right and stay on track throughout the year.

Remember, registered tax and BAS agents can help you with your tax.

Find out about:

02 May 2017

Insurance Renewal 2018/2019

Members of the QAA are able to benefit from our long-term relationship with Fitzpatrick & Co. Please contact them directly and mention you are a QAA Member for your discount to be applied.

P: 1300 554 633

E: insure@fitzpatrick.com.au

What is available

  • Public Liability up to $20 million. Various policies and cover options are available.
  • Professional Indemnity.
  • Fitzpatrick & Co also offer other insurance products such as Tools of Trade, Personal Accident & Sickness, Plant and Equipment and Commercial Motor Vehicle.
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