Tradies Insurance

A Sole Trader needs these 4 key insurances:
– Public Liability Insurance for your occupation
– Tools Insurance
– Tradie Van/Ute Insurance
– Personal Accident & Sickness Insurance

When people talk about Tradie Insurance, they often mean Public Liability Insurance. That however is a limited description of Tradies Insurance. In-fact, Tradies Insurance is just a general term for a bunch of insurances that are relevant for any Trades business. We have listed the common ones below:
– Public & Products Liability Insurance
– Tools & Property Insurance
– Commercial Vehicle Insurance (Vans, Utes, Trucks, Trailers etc.) 
– Personal Injury Insurance
– Plant and Equipment Insurance (Excavators, BobCats etc.)
– Contract Works Insurance

This is a very tough question to answer, its like the old chicken and the egg conversation or maybe Its just like which finger on your hand is most important? Well, there might be one that is longer and stronger than others but collectively they all make a strong fist or a dexterous hand. A hand without a finger is less strong usually than one that’s intact.
We could spend days arguing about this topic and perhaps there’s not enough room in this section so if you would like a long answer to this question, please give us a call, we’d be happy to talk.

We understand how hard it can be to get standalone Insurance for Tradies Tools considering many of the large brokers don’t want to do it because they don’t make much money from it.
We do it and at CoverTradie we understand how important this insurance is for our Tradie mates. Give us a call to get yours sorted.

One of our handyman client asked us this question not long ago, worried if he needed this professional indemnity insurance. He works for property managers mostly fixing leaky tap washers and tightening door hinges and the obvious answer was, no, he doesn’t need it.
Short answer is that you need professional indemnity insurance when you are giving professional advise for example if you are professionally designing electrical services or you are an architect.  Give us a call if you need to discuss this.

This one is a very subjective question. Is it best in terms of price, coverage or claims service.  Where there is no variation in the policy coverage, obviously the lower the price the better it is for the customer. CoverTradie always finds you the cheapest deal unless there is serious service issues from the insurer perspective that we may have experienced.

Every broker will have a different experience with different insurers that why you often hear them say “This insurer pays the claims.” It is important to note though that all insurers have to abide by the rules set by AFCA for any disputes that arise, which means that if there is a dispute and the policy wording has to cover a claim, insurers can’t get away with it. As you broker, we act as the go between anyway. We keep them honest. That’s our job. 

Contractors need these 4 key insurances:
– Public Liability Insurance for your occupation
– Tools Insurance
– Tradie Van/Ute Insurance
– Personal Accident & Sickness Insurance

Trades and Construction have the highest rate of accidents out of all occupations in Australia which is why having the right insurance policy to protect your income is important should you get injured and are unable to work. You can get coverage for weekly and lumpsum benefits if you get injured or get sick. Read more about this here.

When making a financial product purchase, people often think whether they should make their insurance purchase online i.e. take the full responsibility yourself that you have made the correct purchase or purchase in consultation with someone like a Trades Insurance Broker.
The answer isn’t straight forward because it depends on a range of circumstances like the size and complexity of your business, your own understanding of financial products in this case General Insurance, your time availability – this has more to do from a headspace perspective.

If you are pretty switched on with the nuances of insurance and know exactly what you need covered, buying insurance can be cost effective. Make sure you know what the exclusions on your insurance are, this is very important for Public Liability Insurance Policies. For example: If you are a Plumber, there often is a height restrictions condition. If you don’t know what that means, then speaking to a Trades Insurance Broker might be a better way to go about because that can save a lot of financial pain down the road.

At CoverTradie, we have the clients best interest at our heart, 100% so would hunt down the best deal for you regardless. We suggest that whilst online purchase may be a cheaper option in the short run, a broker may still be able to find you a pretty compelling deal with full service so don’t discount it all together.

Tradies need these 4 key insurances:
– Public Liability Insurance for your occupation
– Tools Insurance
– Tradie Van/Ute Insurance
– Personal Accident & Sickness Insurance

Depending on the type of insurance, the insurers use a number of factors to calculate the premiums and they keep the algorithms closely guarded. Common rating factors are, your annual turnover, your occupation, the location – state, suburb, postcode, whether any work is done by subcontractors or not, property values etc.

Please get in touch with us as soon as possible so that we can advise you of the next steps and lodge the claim as soon as possible.

Given the importance of properly set up insurance in today’s day and age, it’s important to by mindful or the changing insurance needs, more so if you business is going through significant change. We would suggest at least a 6 monthly phone call with your broker.
Our best customers, speak to us at least once a month which means we are aware what’s going on in their business and can advise accordingly.

This is what we love to do. Give us a call anytime to discuss what on your mind with regards to insurance, any changes happening in your business and we can advise you what steps you may need to take to have your business properly covered.