Insurance Products for Your Business

If you’re starting a new electrical business or looking at evolving your current business, you may be exposed to certain risks. So, it’s important you put the right insurance in place that is tailored to your needs.

One claimable event or lawsuit could cripple your business before it gets off the ground, especially in the early days.

Some insurance products are non-negotiable, for example, every business needs public liability cover. In addition, we recommend two other types of insurance products.

Professional indemnity
This is designed for businesses who provide advice or a service to their customers. It protects you against legal costs and claims for damages to third parties that may arise out of an act, omission or breach of professional duty in the course of your business. 

Commercial Property
This covers your fixtures, fittings and contents against loss, damage or theft. It also provides protection for loss or damage to the glass windows, signs and showcases at your premises.

Ultimately, the best way to know what you require is to have a discussion with NECAGuard, who can inform you of what your best coverage options are. It’s often not a “one size fits all” and engaging with NECAGuard will help give you the best chance of ensuring you are well protected against the worst.

Contact a NECAGuard Representative on 1800 335 014 or email necaguard@neca.asn.au