Insurance is necessary when you are a business owner. Yes, the law does not legally require you to have the right insurance. However, it would do more harm than good if you skip getting insured, especially when running a business. The problem with insurance, especially business insurance, is that it is an intricate subject matter. It is often multifaceted with different types, requirements, rules, and cover.
As insurance specialists in Western Australia, we advocate for our customers, particularly employers and employees, so they avoid any form of financial stress. Having insurance is helpful, but having the right one can be life-saving, especially during unforeseen events.
Insurance is an essential component in managing risk. You do not need to own a business to understand the risks of being uninsured. For example, if you are an electrician, miner, or construction worker, the last thing you want is to lose your tools, leaving you no choice but to buy new ones. This situation can be alleviated with the help of Tools and Property Insurance.
Our blog contains helpful insurance advice for every trade. Whether you’re looking for a suitable insurance cover or deciding to get specific insurance, you will find the information you need here.
Often, we do not understand the value of things until we are at risk of losing them. And while we most sites place a huge emphasis on workplace safety, accidents can still happen – and those accidents can have consequences that could affect you in the long term. This is why contractor public liability insurance is extremely important for subbies to think about.
Regardless of how precise and careful you are on site, the reality is that accidents sometimes happen. While this is an unfortunate truth, understanding this now could make all the difference if a third party makes a claim against you, your business, or your employees. You need to protect your interests. Sole traders have unlimited liability. In the event of an accident causing damage to a third party, you can be liable for all associated expenses. Fortunately, if you have the right amount of public liability insurance and the right policy, the costs are covered.
As a sole trader, you have a lot on your plate. So, spending your free time sorting out the different types of insurance coverage may not sound very attractive to you. Fortunately, All Trades Cover’s expert insurance brokers are dedicated to helping tradies find the right policies at the right price.
Updated October 31st, 2023
You are always conscientious with your work and make sure that any employees or apprentices follow suit. However, even the best in the business can make a mistake. This is why you should consider professional trade indemnity insurance.
As a tradie, you know no project goes well unless you have the necessary pieces in place. While the list of necessities for a job may be extensive and vary depending on the profession, tools are always a consistent item on the list. A tradie cannot work without their tools. There are no questions about it.
Mitigating risks is something tradies understand. Stopping a problem before it starts makes sense in all aspects of a business, including your insurance cover. Many small and medium-sized companies benefit from purchasing business insurance packages, also known as business packs.
If you work in the trades, whether with your own business, as a subbie, or solo, you likely heard how important different types of insurance cover are to protect your business, equipment, and employees. Have you given much thought to cover that will protect you and your livelihood?
As a tradie, you know that you cannot operate without your equipment and tools. So, protecting them with insurance cover has a significant impact on your earning ability. However, what about protecting the driving force behind all aspects of your business, you.
As a business person working in the trades, you are busy from morning to well past night, taking care of the essentials that keep your business moving. It is understandable if insurance is not frequently at the front of your mind. However, it is a necessity that has the potential to protect the company you have worked so hard to build.
If you operate as a tradie, your tools, equipment, and your vehicles are vital to your success. Consider how much you depend on these and how difficult it would be to keep your business going if one or more were out of commission. You carry business insurance to protect yourself, but it may not be enough.
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