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Tradie insurance covers you for accidental damage, accident, illness or portable property you may take on the road.
Tradie insurance covers you for accidental damage, accident, illness or portable property you may take on the road.
The risks tradies face are complex and could range from lost of income from portable property theft, to out of pocket medical costs due to an accident.
Whether you’re a carpenter, electrician or a plumber, there’s always the potential for something to go wrong. Insurance for tradies is designed to give your business the protection it needs and peace of mind knowing that you have a safeguard in place when things don’t go to plan.
The exact cover you can receive depends on the policies that you take out. But to give you an idea, here are some of the ways that insurance for tradies can provide protection:
Our brokers can help you insurance options and tailor a tradies liability insurance quote to ensure you are adequately covered.
If you work as an electrician, carpenter, handyman, plumber or any other type of tradie, having the right cover is essential to help protect your business.
Our insurance brokers can recommend policies to provide cover for:
Tradie tool insurance is essential – no matter what trade you’re in. Ensuring you are covered for these top exposures is the only way to protect your business.
No matter how good your handy work is, every now and again you’ll come across faulty products. Whether it’s the manufacturer’s fault or something goes wrong with a product you’ve installed, you could find yourself defending a claim.
So if you’re a tradie who supplies or installs goods, then you’ll need product liability insurance.
You also need to be covered in the event that a contractor who’s not your employee is injured while visiting your work site. Even if you’ve done your best to maintain a safe environment, you might still wear a claim if the insurer underwriting their workers’ compensation believes you’re at fault.
Portable property insurance
Theft of property is one of the biggest exposures for carpenters and tradies, because their tools are so exposed to theft.
Portable property insurance will cover you for tools stolen on the job. After all, things often happen that are simply beyond your control.
Jim is a carpenter and often does work on residential building sites. He owns a ute which is fitted with a metal tool cabin.
The cabin was broken into whilst parked out the front of his home, and most of his tools were stolen, including all of his power tools.
He reported the theft to the police, and informed his insurance broker.
Whilst some of the tools were quite old and he didn’t have receipts for all items, he could provide photos of the original boxes and instruction manuals which was enough to satisfy his insurer.
As Jim had both commercial motor vehicle insurance and portable property insurance, the costs associated with repairing the vehicle were covered, as was the cost of replacing all the stolen tools.
There are some exclusions to what tradie insurance can cover. There is often also a deductible or excess.
Our team of brokers will explain how the policy works, outline any exclusions, excesses, and limits of liability, depending on your insurer and the requirements of your business.
The cost of tradie insurance can vary greatly from as little as $200 a year through to many thousands per year. The cost will depend heavily on the type of business that you run and how likely you are to make a claim.
Yes, our brokers can help recommend the right policies and find the best insurance quotes to suit your needs.
Public liability insurance will generally pay your costs of investigating, defending, and settling claims, as well as any compensation payment you are found legally liable to pay. This could include injury to someone else, damage to someone else’s property, legal costs, injury, or damage caused by your products or services and staff negligence.
A public liability policy could cost from as little as $450 for a sole trader needing the minimum cover, through to $10,000+ for larger or higher-risk trade businesses.
Our brokers can help recommend the right policies and find the best insurance quotes to suit your needs.
In most cases your insurance will not cover your subcontractors. In some cases it may be found that both you and your subcontractor are responsible for a property damage or personal injury claim. This is known as shared responsibility, and generally a percentage will be allotted to each of you.
Protection for your business, premises, contents, stock, equipment and reputation.
Protect your business from the financial risk of legal liability claims – giving you the certainty you need to trade with confidence.
Choose from a range of motor vehicle insurance options and find the cover that’s right for you.
Call us on 02 4969 8100 or request a call back.
We know that navigating the world of insurance can be complex and confusing. Our brokers compare the myriad of insurance options on the market for you, providing expert advice to implement your chosen plan.
We empower thousands of Australian businesses to focus on what they do best, knowing they’re protected against any possible eventuality.