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.
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.
Updated August 10th, 2023.
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.
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