As a handyman, you’re always in demand – odd jobs which are easy for you to carry out aren’t so easy for other people! The nature of your work means that your days tend to be ever-changing and interesting. While you’re busy with your handyman business, remember that you need to make sure you have the right insurance in place. Today, we’ll be taking a look at three most popular forms of insurance for a handyman.
Public liability insurance
Public liability insurance for a handyman is one of the most important forms of cover. Liability insurance provides you with financial protection if you cause damage to property or injury to a person as a result of your actions at work. It also covers legal bills if you’re required to hire a lawyer as part of the claims process. A liability claim could result from something as simple as someone tripping on your tools and after a successful claim, you could be liable for expenses such as rehabilitation costs, medical bills, repairs and replacements. For small businesses, this could spell financial disaster.
General property insurance
As a handyman, you can’t carry out your work without your tools so consider for a moment how you’d cope if something happened to them. It would make life very difficult, not only from a practical perspective but also financially. General property insurance means that you’re covered financially if your transportable items, such as your tools, are lost, damaged or stolen. Even tools which you wouldn’t consider to be expensive really add up and general property insurance provides ongoing peace of mind.
Workers compensation insurance
Workers compensation insurance is compulsory in Australia if you have employees. Workers compensation insurance means that employees are protected financially if they’re injured or become unwell due to their work. This cover will provide compensation for expenses such as medical bills, rehabilitation costs and ongoing wages. Each state and territory runs their workers compensation scheme a little differently so take a look at the details of your scheme depending on whether your live. While some contractors will need to arrange their own workers compensation insurance, it’s important to remember that some contractors will be legally considered ‘workers’ and will need cover under your policy.
All Trades Cover provide competitive insurance for Australian tradies. We have experience with a wide range of tradies and can help you with cover, no matter the size of your business. We’re partnered with the world’s largest insurance marketplace which means we have access to quality insurance cover at a competitive price. With us, you have access to convenient monthly payment options and free legal advice.
For public liability insurance for your handyman business, or any other form of cover, contact All Trades Cover today on 1300 826 850.