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Building, growing and sustaining a business is one mighty task. Safeguarding your business with tailored business insurance is a priority, as is providing your employees, workers, clients and other personnel, a safe environment to work in and visit.
Full-time, part-time and casual employment is by no means the only form of employment – so who insures sub-contractors and labour-hire workers?
Find out who, why and how with the team of professional Gold Coast Insurance Brokers at Crest.
Sub-contractors and labour hire in a nutshell
A sub-contractor is an individual or business that carries out work for a company as part of a larger project.
In a similar realm, Labour hire, is the strategy of outsourcing a business’ recruitment process (the labour hire agency). They take the reins and take care of the entire hiring process from payroll to superannuation, insurance and making sure workers meet the needs and expectations of the client company.
In theory and practice, an employee works in the business, while a sub-contractor runs their own business and supplies a service to another.
Hiring a sub-contractor is often the appealing choice for time-poor, cash-strapped small business owners. Why? Well, because they take care of their own insurance. Or, they should do.
That’s why it’s so important for businesses who use contractors and sub-contractors to check that they have their own insurance in place. You can even legally request a copy of the policy.
If things don’t go to plan, that’s when business insurance steps in.
The insurance a humble tradesman would generally have in place, is:
- Contract works,
- Public and products liability,
- Professional indemnity, and
- Worker’s compensation insurance.
Liability insurance will not cover damages or bodily harm for either independent contractors or subcontractors if/when they are injured in your workplace.
Can’t get your head around the best coverage for your business, employees and contract workers?
Crest Insurance are happy to help and develop a strategic, well-rounded insurance policy with our extensive product range.
Protecting workers, protecting your business
Did you know that this year, in 2020, a mining contractor was fined $60,000 over the death of a contractor who suffered a severe allergic reaction to a bee sting?
It seems far-fetched, but it was very, very real. The contractor he was employed by pleaded guilty to failing to provide a safe working environment.
It’s rare and tragic circumstances like this which drive the necessities of safe working environments for every worker, regardless of their employment contracts.
Is everyone at your workplace covered (correctly) with insurance?
Crest Insurance have the business insurance you need
Crest Insurance simplify insurance for businesses. We lay it out straight and go through all the coverage options that best suit your unique business needs.
These include, but aren’t limited to, the following:
- Industrial special risks,
- Public liability,
- Contractual liability,
- Contract works,
- Equipment breakdown,
- Farm packages, and
- Professional indemnity.
Utilising sub-contractors and labour hire companies is a big part of how many businesses complete their work effectively and on time. However, just like your full-time, part-time and casual employees, these workers need protection, too.
Understand your rights and responsibilities as a business owner with Crest Insurance.
Need help with Gold Coast business insurance?
Contact Crest today to grow and protect your business and everyone involved with it.
Disclaimer: The information contained in this news post is general in nature and is intended to provide a general summary only and should not be relied on as a substitute for professional advice.
