As a tradie, insurance is probably the last thing on your mind – but it’s vital for your work.
Don’t let an accident or theft ruin your business. Make sure you’re fully insured so you can concentrate on what you do best – running your business.
Ausure Newcastle is here to help with everything you need to know about tradie’s insurance. Our team is here to cover your back so that you can get on with the job.
Unfortunately, many tradies are very underinsured. Without the help of an insurance broker, like the team at Ausure Newcastle, you might not even know what you’re missing.
Protect your business and yourself with the right insurance policy from Ausure Newcastle. We have years of experience helping tradies get the right coverage for their needs, and we’ll make sure you’re always fully protected.
Here are the top policies that every tradie needs to consider in order to protect themselves.
Product Liability Insurance
Product Liability Insurance is a must for any tradie who supplies or installs goods. No matter how good your handy work usually is, sometimes you can be let down by faulty products.
If something goes wrong with a product you installed, you’ll be held responsible and might find yourself fighting a claim. No matter how long ago the work was done or if the claim is dodgy- you can still be at risk.
So if you’re a tradie who supplies or installs goods, you’ll want to consider Product Liability insurance.
Employer Liability Insurance/Workers’ Compensation
Every employer is legally required to have Employer’s Liability Insurance- also known as Workers’ Compensation. If an employee is injured at work, this insurance will cover their medical expenses and lost wages.
Workers Comp is also vital to protect your employees and your business.
Public Liability Insurance
Public liability insurance protects you if someone is injured or their property is damaged because of your business.
For example, let’s say you’re a painter and accidentally spill paint on your client’s new carpet. Your public liability insurance will cover the cost of replacing the carpet.
Meaning that if you’ve got the right coverage, you will be right – your public liability policy should take care of it.
Material Damage Insurance
Material damage is the number one risk for carpenters because their tools are always stolen or broken.
This insurance policy can cover more than just your tools. It’s also there to protect you in case of a damaged or lost asset, including buildings and fittings.
Life happens, and many accidents can occur on the job entirely out of your control. You shouldn’t be punished for freak weather events, someone vandalising your worksite, or a fire spreading to the site. Material damage insurance covers you for all of these things and more.
Other considerations
Depending on your line of work, you may need to consider many other insurance policies, like motor or equipment insurance and professional indemnity.
The best thing you can do to protect yourself is to seek advice and help from an experienced broker, like the team at Ausure Newcastle.
To speak with one of our Insurance Specialists about tailored Tradie’s Insurance for your business, click here.