Insurance for Tradesman
As a tradesman, your business is you and your tools. It’s important to have the right tools for the job, and it’s just as important to get the right insurance for your business. A simple tailor-made insurance package for tradespeople can provide the cover needed to meet your particular business needs.
Our team of experienced professionals take the time to listen to what’s important to you and talk to you about your insurance options.
Types of Cover
This type of cover protects your trade business against the financial risk of being found liable to a third party for death or injury, loss or damage of property resulting from your legal liability. It’s vitally important for all tradesmen who are self-employed or who are working as subcontractors and can help you comply with any industry conditions or requirements if you work in certain industries or different states. It is also important to ensure you have enough cover for the full extent of any claims made against you.
Tools of Trade
This covers your own tools and equipment and is vital when you are going from job to job so that you’re not left out of pocket due to accidental loss, damage or theft. Cover can be extended or added onto your liability insurance but can also be insured by itself.
Plant & Equipment
This type of insurance is designed to meet the specific needs of contractors who operate earth-moving equipment and other mobile construction and materials handling equipment. Plant & Equipment Insurance policies involve covers such as:
- Material Damage
- Road Risk Liability
- Hired In Plant
- Consequential loss
- Business Liability
Commercial Motor Vehicle & Trailer
Protect your ute, van, truck or trailer with commercial motor vehicle insurance which can be tailored to your needs. You can choose various levels of coverage depending on how much protection you want for your vehicle. We can offer you numerous premium vehicle insurance policies covering:
- Comprehensive market value or agreed value
- Third party property damage, plus fire & theft
- Third party property damage
Cover can also be extended to include a hire vehicle following an accident and nil excess on windscreens.
Insurance for Subcontractors
Protect yourself financially against the risks that an employer would cover if you were on a wage.
When you make the switch from being an employee to a subcontractor you gain a lot in terms of control over your time and your income, but you lose a lot in the way of your protection.
The three main risks to consider are suffering a personal injury or illness yourself, causing personal injury to someone else and causing damage to another person’s property. As a subcontractor, you’re on your own when it comes to these risks. Public Liability and Accident & Illness / Income Protection will help. Many companies will require that subcontractors provide evidence of cover for these types of policies before allowing you on site.
Contractual Liability is designed to cover you if you’ve signed a contract where your public liability insurance cover won’t cover you. A chat with one of our insurance specialists can help you decide the type of cover you need.
How would you cope if you were off work for 6 months?
If you are unfortunate enough to be injured in an accident would your savings cover your living expenses and bills? Most tradies understand their ability to earn an income is their most important asset.
Personal Accident & Sickness Insurance or Income Protection replaces a percentage of your income if you cannot continue to work due to an unforseen accident, illness or accidental death. premiums are tax deductable and will help you recover, look after your family and cover the costs of expenses such as mortgages, bills, and general living expenses.
If you are after a product with broader coverage, Reg Leis Financial Services provides Personal Insurance products such as Income Protection.
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