Insurance for Tradespeople a Vital Tool of the Trade

As a tradesperson, you’re confident in your tools, skills and knowledge that you use to get the job done, day in, day out. But if you’re like most tradespeople, you’re probably not as good as managing your business, including organising adequate insurance for your needs.

Tradespeople are certainly not the only ones that face the underinsurance risk. In fact, Australian business and Australians in general are careless when it comes to ensuring they have adequate insured. For example:

• Research has shown we’re one of the most underinsured nations in the developed world.

• Studies have shown that insurance for small businesses, and this includes insurance for tradespeople, is often inadequate. 

• For example, around 80% of businesses don’t have cover for machinery breakdown, 16% aren’t covered for fire damage to property and more than 30% aren’t even covered for theft. 

• What’s perhaps more telling than these figures is research that shows around 70% of small businesses don’t recover after a major loss or incident.

When it comes specifically to insurance for tradespeople, more often than not the key items you need to cover are things that go on the job with you every day. Items such as your tools and your vehicle. Whether these items are stolen or damaged in an accident, the impact on a tradesperson who is not adequately covered by insurance can be devastating.

But it’s not just your tools and your vehicle you need to protect, as Phillip Carr, Managing Director of boutique insurance brokerage firm, Safe Hands Insurance, explains.

“Insurance for tradespeople may seem as simple as covering things like tools and vehicles, but it’s also important to insure for other risks,” Phillip adds. “At Safe Hands Insurance, we specialise in customised solutions that protect the entire business. For many tradespeople, this will cover for tools, vehicles and trailers. It’s also likely to include areas such aspublic liability, subcontractors insurance, workers compensation and income protection.

“It’s about peace of mind for you, your business and your family, so in the event that something does go wrong you will be protected and can get back on your feet as soon as possible.” 

While Safe Hands Insurance looks after all business insurance needs, they specialise in providing insurance for several industries, including insurance for tradespeople. This experience and knowledge means that Safe Hands Insurance can provide tailored solutions that precisely meet the needs of each and every tradesperson.

Note: This content was written by Safe Hands Insurance, a boutique insurance brokerage that services small and medium businesses across Australia. For more information on insurance for security firms or for a quote, phone Safe Hands Insurance on 1300 744 442.

ABN: 69 163 926 261

Physical address: C/- 5a Hartnett Close, MULGRAVE VIC 3170

Contact name: Phillip Carr

Contact name phone number: 1300 SHIB IB (1300 744 442)

Email address to listings: admin@safehandsinsurance.com.au

Safe Hands Insurance Group is an Australian owned and operated insurance brokerage. Our boutique firm creates customised insurance solutions for small to medium businesses and individuals across the nation.

While we look after all businesses for their insurance needs we do specialise in many industries. These include insurance for trades, asbestos, hospitality, heavy motor, party equipment hire, indoor play centres, trampoline parks, security firms, hairdressers, beauticians, not for profits and child care. 

Managing Director Phillip Carr has vast experience in the insurance industry and has helped protect businesses and their assets since 1997.