Insurance for Tradies
Typically when we think of Tradies Insurance we think of public liability, tools and personal accident insurance but there are more insurance covers a tradie might need. Which ones will really depend on your business in terms of size and complexity.
Other forms of insurance that could be required by a tradie include:
- Professional Indemnity Insurance
- Contract Works Insurance
- Contractual Liability Insurance
- Management Liability Insurance
- Cyber Insurance
- Commercial Property Owners Insurance
- Machinery Breakdown Insurance
- The list goes on….
If your business is at the point where your basic tradies insurance policy is no longer cutting it, then it might be time to speak to a qualified professional insurance broker.
What business types fall under the trades insurance category?
All Tradies Insurance policies are based on the specific occupation or business activity being undertaken, rather than a generic ‘Tradies Insurance’ category. This is the term used to describe any form of business insurance relating to businesses that operate in the construction trades, such as:
- Carpenters
- Electricians
- Plumbers
- Tilers
- Painters
- Bricklayers
- Plasterers
- Carpet cleaner / Layer
- Glazier
It can also extend to occupations which aren’t actual trades as such, but still undertake manual work related to property, such as:
- Handyman / property maintenance
- Lawn mowing
- Gardening / landscaping
- Cleaners
- Pool Services
If you consider yourself to be a tradie and you’re undertaking business involving construction or property maintenance, you’ll need some form of business insurance that covers your unique requirements.
How much does Trades Insurance cost?
This will depend on a few things:
- The trade / business activities
- The size of the trades business
- The types and levels of cover you need
Public Liability Insurance
This is the most commonly required insurance for tradies. The main things that impact the cost of tradies public liability insurance are:
- Your trade / occupation
- Size of Business – by turnover and / or staff numbers
- Subcontractor usage
- Hazardous work activities / location
Other Trade Insurance Costs
For different forms of Trade Insurance other than public liability, cost is often dependent on the type of cover and the level of cover. Tool Insurance is a very common form of cover for tradies as is personal accident cover. Costs vary depending on how much income you need to cover and the waiting period and benefit period chosen, as well as your age and occupation. Vehicle, plant and machinery, contents, stock and buildings will vary depending on the type and value of the asset.
The easiest way to get an idea of costs is to request a quote.
How we help tradies
We’ve been helping tradies with their insurance needs for many years now. Whether you’re a one man operation or you’re employing a team of fifty, we’re here to help.
As qualified professional insurance brokers, we can provide personalised advice on the types of cover your trades business needs, as well as assisting you at claims time. For more information about Tradies Insurance or to obtain a quote, please call our office on (07) 5482 7485 or complete our online quote request here.
