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.
In Australia, many tradies will experience theft at some point throughout their career. In fact, according to the Australian Bureau of statistics, an estimated 73,400 Australians aged 15 years and over have experienced the unfortunate event of robbery during 2018 to 2019. Stolen tools from a tradie is no exception and is a tradies worst nightmare. Not only can it…
Running your own business has its many perks. It can be quite profitable, flexible and self-fulfilling. However, with its many advantages comes a few disadvantages. For instance, as a self-employed tradie you won’t get annual leave or sick leave. So how would you cope financially if you were suddenly unable to work? Luckily, personal accident and illness insurance can help.…
As a tradie, you may brush over Professional Indemnity Insurance thinking that due to the nature of your business being predominantly hands on, it’s not needed. However, if you provide expert advice or services to your clients free of charge, you need to be aware of the importance of indemnity insurance. If the advice you offer leads to an incident,…
As a self-employed tradesman we have all heard just how important public liability insurance is, but what exactly is it and why is it so important? Read on for your ultimate guide to our liability insurance and discover all the ins and outs of this must-have insurance for any self-employed tradesman. You will also learn how you can get a…
When it comes to public liability insurance, there is no straightforward answer, whether it is mandatory in Australia or not. For some businesses, it can be compulsory, whilst for others, it is merely one of the ways of protecting themselves, their business and their assets. It all depends on your trade and in what line of work you are involved.…
Whether you are a carpenter, plumber, electrician or are self-employed in any other trade, it is vital to consider obtaining tradesman insurance. Unexpected events and accidents happen to all of us, so having insurance to back you up will not only protect you financially but will also maintain your peace of mind while at work. But what insurance is right…
Public liability insurance is a cover that protects businesses from external claims against them. This may be where a person or party insists that the business may be responsible for injury to a person or damage to property while providing their services. When a third party makes a claim against you or your business it is crucial to have public…
In many cases, if you work as a contractor, Public Liability and Professional Indemnity Insurance are a requirement from companies and clients. It is important to understand the difference between the two to identify which insurance is needed for your business. What is Business Liability Insurance? Business Liability Insurance covers your business when it’s found to be liable, and you…
According to the Australian Bureau of Statistics, more than 2.3 million businesses actively traded in the country’s economy as of 30 June 2019. For some time now, about 62% of Australian businesses are sole traders without employees, comprising the majority of businesses in the country.
Tools insurance, otherwise known as general property insurance, is a cover that protects your work equipment in the case of accidental damage or theft. It is a tradies worst nightmare to realise that they have been a victim of tool theft. Tool theft is incredibly interruptive to business. Not only is it inconvenient to deal with, but it can fully…