Tradies News and Information

How Income Protection Supports Tradies

Do you worry about being off work for months due to a major work accident? Like many tradies, you may never have considered this question before, but the risks of something like that happening are very real in your profession. Additionally, you possibly play as hard as you work so the chances of injury increase again. You insure your vehicle and probably your tools, so what’s covering you?

Every year, around half a million workplace accidents are reported in Australia and over 100 deaths resulting from major injuries occur.So the question remains, would you be able to cope financially if the unexpected happened, like a broken leg for instance? If not, you’ll be in for a whole lot of financial pain.

That’s when income protection would come into play and support you. If your whole financial stability is dependent on your ability to earn a regular income, it’s important you are aware of and understand the benefits of income insurance and how it can support you when you need it most. In this blog we make it easy, and explain exactly how income protection insurance can support you.

What Is Income Protection?

Income Protection Insurance (also known as sickness and accident Insurance) is a type of insurance cover that will pay policyholders their income if they are unable to work due to illness, injury or accident, regardless of where it happens.

It supports tradespeople by offering 24/7 cover, whether you’re at work, at home or playing with the kids in the park. Some policies even protect you when you are holidaying anywhere in the world.  Depending on the policy, Income Protection Insurance will provide financial support for a specific number of years for accidents and illness. Providing continued regular income payments while policyholders take time off work to recover. 

And finally and most importantly, if you ever need to make a claim, your insurer will take care of things for you quickly and painlessly. Having Income Protection Insurance gives you peace of mind. It means that if you had an accident at work or while doing DIY at home, or even if you break your arm whilst on an amazing holiday, you know your income is secure.

Are you worried about how you’d cope if you were unable to work due to illness or injury? We can help. Get in touch with Tradesure and get yourself covered with income protection for employment and self employed income protection.

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