Why do Tradies need to consider it?
When you operate your own tradie business, no two days are ever the same. There’s so many fields you can specialise in, always a lot of work and you get to be your own boss, happy days!
Regardless if you are a sparkie or a plumber, when you work as a tradie there are always risks which can throw a spanner in the works. That’s where insurance can help, providing protection for your finances and a trusted reputation you’ve worked hard for.
The unfortunate reality for many small businesses owners and sole traders is the misunderstanding that just because you are small business, insurance isn’t a priority. Not having the right types of insurance coverage in place can have a damaging impact on your tradie business, with many businesses not able to pick up the tools again after suffering a major loss.
Business insurance is designed to cover many different areas of your business from Public Liability insurance* to protect you when you’re out and about working on site, to protecting your tools of trade with Portable Equipment cover*.
These are some of the main types of business insurances that you need to keep in mind when protecting your tradie business.