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…

Public Liability Insurance

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! 

Income Protection Insurance

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. 

Tool and Trailer Insurance

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

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!

The post Don’t Start Your Own Business, Until You Read This! appeared first on Tradesure.

With numerous types of insurance that apply to a range of trades, it can be easy to miss the important ones… So how do you ensure you’re properly covered?

At Tradesure, our team are experts in trade insurance and are more than happy to walk you through the necessary policies for your trade. Having an insurance team on your side is the best way to ensure you are covered… but it’s also handy to know the basics.

The Main Types of Insurance for Tradies

Although every trade is different, there are some essential policies that apply across the board. Being a high risk occupation, these are the cover you may need if you’re in the trade industry:

• Professional Indemnity Insurance
• Public Liability Insurance
• Income Protection (also known as Injury and Illness Insurance)
• Tool Insurance 

You’ll also want to consider Trailer Insurance if you do use one in your line of work, as well as Contract Works Insurance if it applies to you.

It can be difficult to determine exactly the extent of cover you need, which is why it’s always advisable to have a chat with the experts. 

How to Get The Best Deal

Of course, not every insurance policy is the same, especially when it comes to price. 

Knowing whether or not you are getting a competitive premium is difficult without comparing many different insurers… which is where we come in. 

The team at Tradesure will do the heavy lifting for you to make sure you are getting the best deal, and when it comes to making claims, we’ll make sure you are getting every penny you deserve.

Get a free online quote today or give us a call!

The post Tradies! Here’s a Quick Way to Ensure You’re Covered appeared first on Tradesure.

Having the correct insurance can make dealing with the consequences of losing or damaging property significantly easier than going without. This applies for your own property, as well as someone else’s which you could be liable for.

It’s always good to get informed about the necessary insurances for your trade and at Tradesure, we are more than happy to give you all the information. 

Read on for our guide on what to do in the aftermath of damage or loss of property.

If it’s Your Own Property

Whether it’s caused by theft, accident or a Natural Disaster, damage or loss of your own property can significantly impact your own ability to work. 

Trailer Insurance and Tool Insurance for Tradesmen & Contractors are two of the most important insurances tradies can have and will cover you financially should anything happen to your tools or trailer. This also means you can get back to work fast without the hassle of replacing these key assets. 

If you’re not covered, replacing or repairing these items will need to come out of your own pocket and if a key item has been damaged or lost, this will greatly hinder your ability to get back to work. 

If it’s Someone Else’s Property

Causing damage to someone else’s property is a real risk in the trade industry. On the job, accidents can happen and as a result, a claim can be lodged against you. This means you can be liable for financial compensation required after the damages. 

Tradesman Public Liability Insurance makes sure that you are covered financially for any compensation that you might owe. It also makes sure the people affected by the damage get the money they need to replace or repair the property. 

Make a Claim

At Tradesure, making a claim is easy. Give us a call first, so we can tell you everything you need to know about making a claim and what additional information you might need to supply. Then, download the appropriate Claim Form, complete it and send it to us via email, fax or post. 

For any information, consultations or quotes regarding the insurance that you require, don’t hesitate to get in contact with the team at Tradesure.

The post What To Do After A Damage Or Loss Of Property appeared first on Tradesure.

Public Liability Insurance is much more common for tradies and although similar to Professional Indemnity Insurance, there are some differences. 

While Public Liability Insurance ensures you are financially covered for any damages or injuries that occur as a result of your work, Professional Indemnity Insurance covers you for the consequences of the advice you give your clients. For more info on the two, check out our blog on What type of Liability Insurance is right for my business? 

When it comes to Professional Indemnity Insurance in particular, here are some things to consider… 

How is it Helpful?

For tradies that provide professional advice to their customer for a fee, Professional Indemnity Insurance will ensure that you are protected financially should an incident occur as a result of the advice provided.

When giving advice, there are always the possibilities of errors or omissions that can have unfortunate and unintended consequences. Third parties can make claims if the advice given eventuated in financial loss due to negligence or a breach of profession duty. 

What Does it Cover?

Professional Indemnity Insurance can cover a range of costs associated with Indemnity claims. These may include:

• Legal expenses
• Investigation costs
• Damages

These things can be quite costly, so getting insured can save you money long term. 

Does it Apply to My Work?

Professional Indemnity Insurance should be something to consider if you do have customers that rely on your advice, so be sure to make an informed decision.

As many tradies don’t offer advice services at an extra charge, or leave the consultation process up to the engineers or architects involved, it can be easy to feel like Professional Indemnity Insurance isn’t necessary for you.

However, you can be liable for an Indemnity claim, even if you don’t offer advisory services for a fee. The line between professional advice and personal opinion can sometimes cause disputes, so it’s important to talk to an insurance professional to find out what is best for you.

If you have concerns about anything relating to insurance in the trade industry, get in contact with our team at Tradesure.

The post What Is Professional Indemnity Insurance, And How Does It Help Tradies? appeared first on Tradesure.