ACADA Members' Discounted Cake Decorators Insurance
We are thrilled to announce we have worked with Cerberos Brokers to secure an excellent Public & Products insurance policy designed to protect ACADA Members who are sole operators, operating a home based cake decorating business. The overall coverage is $20,000,000 for any one claim for Public Liability (not in the aggregate) and $20,000,000 in the aggregate for Product Liability per individual member. What does it cost? The coverage provided is for $20,000,000. The cost is an annual fee of $50 (Inclusive of GST and stamp duty). Why is the cost lower than offered elsewhere? We are able to offer our members highly discounted insurance because we are a not for profit association. We do not benefit from providing our members with insurance. It's one of the many services and benefits we provide you. Eligibility
If you aren't a sole trader operating a home based business please click here to contact ACADA's Insurance Broker Cerberos Brokers for an alternate quote |
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What Activities does this policy cover?
What is the insured period?
Your insurance coverage commences as soon as Cerberos Brokers provide you with your certificate of currency. Please note all ACADA members insurance policies fall due for renewal on 6th March every year, regardless of your joining date.
Is this a Master Policy and what does that mean?
This is a Master Policy, which means your insurance will fall under the umbrella of Australian Cake Artists & Decorator's Master Policy. Please be aware master policies can be different. Please note similar liability insurance coverage being offered elsewhere within the industry do not offer Products coverage for any one claim and those insured share an aggregate limit, rather than having individual full coverage. Please be wary about this as it means the coverage is shared.
ACADA'S POLICY IS DIFFERENT. The public liability component IS NOT SHARED. It applies to any one claim. Also although your insurance falls under the umbrella of ACADA your certificate of coverage will be issued in your name
What is Public Liability Insurance?
Public liability protects you if you are found liable for losses or damage suffered by a third party as a result of negligence. This can include death or injury, loss or damage to property.
What is Product liability Insurance?
If you provide goods and services to your customers it is important to have protection against claims for damage, injury or death caused by products or services sold or supplied through your business. This covers you for goods you make, sell or deliver.
When will my coverage commence?
As soon as you are issued with your certificate of currency from Cerberos Brokers. This should be a few days after submitting your application
Is there an excess applicable when making a claim?
Yes like most there is an excess payment applicable when making a claim. It's $1000.
- All your cake decorating and baking activities
- Clients picking cakes up from your home
- Cake decorating classes operated from home (an average of 5 adults)
- Selling cakes, chocolates, desserts, or associated baked or sweet products at markets, stalls, fetes or fundraisers
- Attending bridal fairs
- Set up at a venue.
What is the insured period?
Your insurance coverage commences as soon as Cerberos Brokers provide you with your certificate of currency. Please note all ACADA members insurance policies fall due for renewal on 6th March every year, regardless of your joining date.
Is this a Master Policy and what does that mean?
This is a Master Policy, which means your insurance will fall under the umbrella of Australian Cake Artists & Decorator's Master Policy. Please be aware master policies can be different. Please note similar liability insurance coverage being offered elsewhere within the industry do not offer Products coverage for any one claim and those insured share an aggregate limit, rather than having individual full coverage. Please be wary about this as it means the coverage is shared.
ACADA'S POLICY IS DIFFERENT. The public liability component IS NOT SHARED. It applies to any one claim. Also although your insurance falls under the umbrella of ACADA your certificate of coverage will be issued in your name
What is Public Liability Insurance?
Public liability protects you if you are found liable for losses or damage suffered by a third party as a result of negligence. This can include death or injury, loss or damage to property.
What is Product liability Insurance?
If you provide goods and services to your customers it is important to have protection against claims for damage, injury or death caused by products or services sold or supplied through your business. This covers you for goods you make, sell or deliver.
When will my coverage commence?
As soon as you are issued with your certificate of currency from Cerberos Brokers. This should be a few days after submitting your application
Is there an excess applicable when making a claim?
Yes like most there is an excess payment applicable when making a claim. It's $1000.