Noah Leighton Insurance Broker

Unless you’re in a profession where it’s obvious that professional indemnity insurance is required, such as lawyers or doctors, it’s easy to assume that you won’t need this cover. However, if you provide advice or services as part of your business then chances are that you need indemnity insurance. Your professional indemnity insurance will protect you financially against claims of negligence or breach of duty which have occurred as the result of you carrying out your professional duties. Today, we’re looking at some of the main reasons why a third party may make a claim against you. 1. Breach of contract Indemnity claims can occur when there has been an alleged breach of contract. An example could be that your business agreed via contract to have a project completed by a certain date and this has not occurred. 2. Loss of documentation or data If you have a third party’s documentation or data in your possession and something happens to it, this could result in an indemnity claim...

There’s no question that you need landlords insurance if you have a rental property – you face a unique set of risks when you have a tenanted property and insurance provides you with financial peace of mind. But how much will your insurance policy cost? There are a number of factors which can impact on your landlord insurance premiums – let’s take a closer look so you know what to expect. Factors the impact cost When it comes to your premiums for your landlords insurance , your insurer will take into account a number of factors, including: Crime rate – Your insurer will consider the crime rate in the area where your rental property is located so you need to consider this when purchasing a property for rental. In areas at high risk of burglary and related crime, your premiums may be higher. Natural disaster risk – If you’re house is located in an area which is susceptible to natural disasters, this may impact on your premiums. For example, if your home is located in an area whic...

Becoming a sole trader is one of the most popular choices for setting up a business – it’s easy to do, you have full control over all decisions and you retain all the profits. Despite the obvious advantages, it also means that you’re the only one liable when things go wrong. For this reason, you need to make sure you’re covered by public liability insurance. Let’s take a closer look at what you need to know about this form of cover. What is public liability insurance? Public liability insurance is designed to protect you financially if you cause damage to property or injury to a person due to your actions at work. If you’re found liable following a successful claim, you could be required to pay thousands (or hundreds of thousands!) of dollars to cover costs such as repairs, replacements, medical bills and rehabilitation costs. With public liability insurance, these costs are covered by the insurer. Liability insurance will also cover legal bills if you need to hire a lawyer. Why do...

Let’s face it, not all industries are equal when it comes to the risks they face and this can impact on the type of insurance cover you need. After all, higher risks mean that you often have more complex insurance needs. As Perth insurance brokers , we know a lot about the various risks that different industries face and we’re here to share some of the riskiest jobs in Australia. Agriculture, forestry and fishing Agriculture, forestry and fishing is one of the highest risk industries to be employed in and it has the highest number of fatalities of any other industry. The main reason that this industry has such high rates of worker fatalities, serious injury and poor health is the constant exposure to agricultural machinery and pesticides. As a physically demanding job, the risk of injury is increased when workers are exposed to difficult terrain, inclement weather and remote locations. Transport, postal and warehousing Coming in as a close second as Australia’s riskiest industry is...