• Tradesman Insurance - Top 5 Policies for You to Consider
  • With so many insurance policies around the place, it can be difficult to know which policies apply to you. To make things easier when it comes to choosing insurance, we’ve outlined the five policies which tradies should consider.

    1. Public liability insurance

    This form of cover protects you financially if you cause damage as a result of your actions at work. This can include damage to property or injury to a person. It also covers the costs if you need to hire a lawyer as part of the claims process.

    2. General property insurance

    General property insurance means the cost of your transportable items, such as tools, is covered if your items are lost, damaged or stolen. This cover is essential given the high cost of repairs and replacements.

    3. Personal accident and illness cover

    If you’re suddenly unable to work due to injury or sickness, personal accident and illness cover means you’ll continue to receive a percentage of your regular income until you can return to work. This means you can take time to recover without financial worry.

    4. Life insurance

    In the event of your death, having life insurance in place means your family will be provided with a lump sum which they can use as they see fit. This could include paying off debt, ongoing expenses and general living need.

    5. Worker’s compensation insurance

    This cover is compulsory if you have employees working for you and means you’ll be reimbursed for ongoing payments made to an employee if they’re successful with a worker’s compensation claim.

    All Trades Cover provides Australia-wide high quality insurance for contractors or tradies who run their own small business. To discuss your insurance requirements, contact All Trades Cover today on 1300 826 850 or fill in our quick online form.