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What is contractors’ insurance?
Contractors’ insurance (the many types of business insurance made for contractors and subcontractors) helps you manage the cost of various risks, like mistakes in your work, accidental property damage, and stolen tools.
The freedom of being self-employed also comes with risks. If something goes wrong because of your work—like a worksite injury or damaged materials—it’s up to you to set it right.
That’s why many contractors and subcontractors consider business insurance to help keep unexpected bills from chipping away at their bank accounts.

Why do contractors need insurance?
Contractors and subcontractors may need business insurance to meet contractual obligations and help pay unplanned expenses.
Enter a jobsite
Receive a trades license
Work with specific clients
Pay legal costs if you face a liability claim
Let’s cover your small business on the go
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Did you know?
Depending on your trade or the industry you work in, some types of business insurance may be required in parts of Australia.
Clients may require you to have certain types of contractor or subcontractor insurance, such as Public Liability or Professional Indemnity, to work with them. You will likely be asked to show proof of insurance before signing a contract with them.
Public Liability and/or Professional Indemnity insurance may be required to receive a trades or professional license in some states and territories. These types of cover may also be necessary to join a trade or professional association.
What types of insurance do contractors & subcontractors need
We offer a range of insurance options made to cover your business, tools, and stock. Build an insurance package that meets your unique business needs and buy online in minutes.
Popular cover for contractors & subcontractors:
Contractors & subcontractors may also consider:
How much does contractors’ insurance cost?
The average cost of business insurance for contractors can vary with BizCover. However, the cost of insurance depends on several factors, such as the industry you work in and the amount of cover you choose.


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See how much others have saved while purchasing policy through BizCover
^ Savings made from January 2024 to April 2025. This information is provided as a guide only and may not reflect pricing for your particular business, as individual underwriting criteria will apply.
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