In Australia, drowning is one of the leading causes of unintentional death among toddlers. Legislation and standards in various Australian States; such as Building Act 1993, Part 9A of the Building Regulations 2018; AS1926.1; and the Queensland Pool Safety Act, requires building certification from a licensed pool safety inspector.
If you are an inspector, you would know you know that you are responsible for conducting various duties such as:
As you perform such duties, there’s a possibility that you may inadvertently breach the code under the relevant legislation and as a result be held liable for it. For this reason, it is important to obtain protection in the form of insurance, to cover you in case a mishap occurs as you conduct your services.
FD Beck Insurance Brokers can assist you with arranging insurance protection to help you cover the cost of claims and other legal defence costs.
Types of Insurance Policy for Pool Inspectors in Victoria AU
You need professional indemnity insurance and public liability insurance as the main insurance products. There are, however, other business insurance policies you can add. FD Beck can help you determine what to include in your policy according to your needs.
Key Risks for Pool Safety Inspectors
The following are potential issues where professional indemnity and public liability insurance may be helpful.
1. How much does professional indemnity insurance cost?
This will depend on some factors, including contractual requirements which may determine the level of cover you may be required to hold, the size of the business including turnover / professional fees and the number of employees. These types of professional indemnity claims may also help you understand this insurance better.
2. How much coverage do I need?
Typically, the coverage can range between $500,000 and $5,000,000.000. Getting a quote will help you to know what’s appropriate for you. For access to advice and information, please consult with our team of insurance brokers at FD Beck.
3. Will all inspectors need a professional indemnity policy?
Depending upon what State you are in Australia, this may not necessarily be a legal requirement. Still, it is recommended that you purchase professional indemnity insurance given the professional nature of the reports you are required to provide. For more information, please watch a short video for those who need professional liability insurance.
4. Can I get an insurance policy package according to my budget to guarantee security?
Yes, our brokers can help you with that. Part of our business goal is to help you choose the insurance that best suits your business needs and budget. Of course, we do offer insights on the most suitable products available. We often have client’s only wanting to purchase Professional Indemnity insurance and not Public Liability Insurance, therefore it’s also helpful to understand what public liability covers.