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.
Electrical work is a dangerous job. To avoid accidents, many electricians have tools that they need to cover up with a plastic bag or other protective covering during the day. This can be a hassle, but it is essential for safety reasons. With all of the different electrical jobs, electricians must know which tools they need and what type of coverings are appropriate for each task. This article will discuss why covering your electrical tool kit is so important and some things you should keep in mind as you go about choosing your coverings.
Plumbers get exposed to high risks while doing their job, and they need to get the right insurance coverage. By getting the right insurance, you will not need to make compensation from your pocket if a slip or fall results in a disaster. Here we mainly focus on professional indemnity and public liability insurance for plumbers and how they differ.
Working in any construction is essentially one of the most dangerous professions in this modern age. Additionally, the high risk associated with construction jobs makes the insurance needs a little bit too complex. In the case of roofing, the risk extends even further. In essence, this is one of the professions where the worker does not have their two feet on the ground during the work. Typically, the most significant risk associated with this line of work is the fall of a roofer from their roofing position, such as a ladder or the roof itself. Typically, these cases tend to lead to severe injuries, life-threatening situations, and even fatalities.
As a sole trader, you’re operating under your name, which is a huge responsibility. Suppose a client or another business, for example, files a complaint due to damages. In that case, you will most likely be held accountable. Such an occurrence comes with significant expenses that you may not be prepared to pay out of pocket. So, if it happens, where do you turn to? Fortunately, you can protect your name, your business, and your assets with sole trader insurance.
As a tradesman, you have probably heard about the importance of having insurance. And one such insurance type that other people may have told you about is public liability insurance. But is this type of insurance truly essential for tradespeople like you? This blog will help you figure out the answer.
Workers’ compensation insurance is one of those key insurances that you need as an employer. Not only is it compulsory in Australia if you have employees, it also gives both employee and employer peace of mind if the employee were to injure themselves or fall ill whilst on the job. Let’s take a closer look at workers compensation insurance Australia…