Starting your own business is an exciting venture... but you’ll want to do it properly!
In the trade industry, becoming a subcontractor or small business owner is a popular career move and can be very rewarding. However, starting a business is no small feat and you’ll want to be prepared.
If you are thinking of starting your own business, insurance is a must.
Whether you are an electrician, plumber or carpenter, starting your own trade business already comes with risk... so it doesn’t make sense to put yourself in a riskier position. Getting insured is the only way to ensure that you will be financially covered should the unexpected happen that you are liable for.
Insurance can be a tricky field to navigate, so we’ve broken down the essential policies that you should be aware of for your new trade business...
One of the most important types of insurance for any trade business is Public Liability Insurance.
Essentially, this policy will cover you financially should something happen on site that affects other people or their property, namely injury or damage.
Check out our blog for more information on What is Public Liability Insurance and Why Every Tradie Needs it!
Also known as Injury and Illness Protection, Income Protection Insurance and Self Employed Income Protection is all about ensuring that you are protected in the event that you find yourself unable to work.
Being a tradie comes with inherent risk on the job and with this insurance, you can rest easy that you will still have an income should you fall victim to an accident or sickness.
You can read up here on How Income Protection Supports Tradies.
This insurance is all about covering the things that you use to do your job. Looking into Tool Insurance and Trailer Insurance is a necessary step when you are in the early stages of starting your business.
If you use tools or a trailer to do your job, this policy will get you back to work fast should they be affected by fire, flood, accidents, theft or vandalism.
Contract Works Insurance will cover the building that you are working on while it is being built.
This generally will cover any loss or damage caused by external factors while work is being done.
To know exactly what you need for your new business, and to what extent you should be covered for, it’s best to talk to the experts. At Tradesure, our team is well equipped to help you figure out the best policies for you and won’t be shy when it’s time to make a claim.
Contact Us today or get a free online quote now!
Tools Insurance
What insurance does a Tiler need?
Insurance is here to support you when the unexpected happens. Instead of worrying about how you’ll pay for repairs, replacements, or delays, you’ve got cover to help carry the load. It’s not only about getting through hard times. It’s about backing your tiling business so it can continue to grow in the years ahead.
Tools Insurance
What insurance does a carpenter need?
Carpentry is hands-on, physical work that comes with its fair share of risks. From power tools on site to the projects you leave behind, there's plenty that can go wrong, and when it does, it can cost you more than just a few days off the tools. The right insurance helps carpenters protect their income, cover their gear, and keep jobs moving without unexpected financial stress.
Sole Traders
How much is Tradies insurance, and how is it decided?
In this guide, we’ll explain how an insurance company calculates your premium, what factors can push the price up or down, and how to keep your trades insurance costs manageable as your business grows.
Tools Insurance
What insurance does a tradie need?
Getting hurt on a job site doesn’t just ruin your week; it can cost you big time.