How To Know If You Have The Right Insurance For Your Trade
Tradesure
09 Jun 2021
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As a tradie, you need adequate insurance to protect yourself, coworkers and your equipment if an incident occurs. There are many different types of insurance and it can be hard to figure out if you have the right insurance for your trade.
So, what insurance is available to tradies?
Tradies insurance falls into three categories: trade public liability insurance, income protection insurance, and trade tool insurance.
Trade Public Liability Insurance
Public liability insurance is essential for tradies, and often a requirement before undertaking work on a site. Public liability will protect you if you directly or indirectly cause damage to property or an injury to someone while working on a job site.
For example, if you’re working on a construction site and someone trips over an electrical cord, you will need to pay for their medical expenses and recovery. This is where public liability protection comes in. Even if it is not strictly required at your worksite, it is highly recommended to give you financial stability in this situation.
Income Protection Insurance
If you’re injured or sick and unable to work, income protection insurance will cover you until you can return to work. This type of insurance includes workers compensation, for workplace-related injuries and illnesses.
While it may not be required, some tradesmen aren’t allowed to enter a site without it. Income protection insurance can also be required to comply with contracts. Even the most experienced tradies can get injured, and the risk of illness increases with age. Don’t just assume ‘it won’t happen to me’.
Trade Tool Insurance
Your tools are vital for completing your work and earning an income. Getting insurance for your tools is a must, because losing your tools could set your schedule back significantly. In the event of a flood, fire or theft, you’ll be glad your tools were protected.
All trades are different, so to really find the right insurance for you, you should speak to the experts. At Tradesure, we offer insurance packages for all trades, no matter your business. Contact us for a quote today.
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.