Sole Trader Public Liability Insurance Requirements
- Public Liability and Portable Equipment cover
- Trusted by over 220,000 small businesses
- Pay by the month option & policy documents emailed instantly
Compare quotes from our trusted insurance partners*:
Insurance for Tradesmen
... rent your business premises, Public Liability and even Glass cover may be outlined as a requirement of your rental agreement by your landlord.Just like any other self-employed business, insurance is something which you ...
read moreHow much does Public Liability Insurance cost for Tradesmen?
... -based requirements, for example, most states make it mandatory for those with an electrical contractor's licence to hold a minimum amount of Public Liability insurance. Average monthly cost of Public Liability Insurance ...
read moreSole Trader Insurance
... sole trader insurance could help. Sole trader insurance—our name for business insurance policies designed for the needs of sole traders and the self-employed ... parties. Public Liability insurance for sole traders is ...
read more5 tips for getting the best Public Liability insurance for your business
... . A lot of contracts also have requirements for Public Liability insurance. For example, most building and work sites require trades people to present a copy of their insurance certificate before they can work onsite ...
read morePublic Liability Insurance for Cabinet Makers
... insurances in place. Regardless if you are self-employed, a sole trader or a contractor, there are business insurance ... for when disaster strikes, Public Liability insurance may also be a requirement if you are working ...
read morePublic Liability
... an active Public Liability policy before you can operate. For example, it may be a contractual requirement to have before ... too. Public Liability insurance is a popular type of insurance amongst sole traders. As a ...
read moreDo I Need Public Liability insurance?
... events, like a stand at a trade-show attended by members of the general public Did you know? Public Liability insurance is generally a mandatory requirement for some trades when you operate under a state issued license ...
read moreHow to grow your business as a sole trader in 10 steps
... offer tips on going self-employed and sole trader growth ideas that are ... sole traders, who take on unlimited liability,meaning your personal money and assets may be at risk if things go awry. This is why business insurance ...
read more5 small business and sole trader time management tips
... . For instance, it's typical for sole traders and self-employed individuals to subcontract all financial tasks. If ... business insurance * and specialist insurance for consultants to help keep sole traders trading and ...
read moreThe top four things for sole traders and the self employed
... the risk and liabilities to their business through sole trader insurance - BizCover's name for business insurance policies designed for the needs of sole traders and the self-employed. Sole trader insurance covers an ...
read moreWhat are the common types of sole trader businesses in Australia?
... sole trader business structures: 1. Self-employed owner Being a self-employed owner essentially means you conduct your business or trade ... business structures, sole traders have fewer reporting requirements and a variety ...
read moreInsurance for the Self Employed
... way. You might want to consider insurance if you are: Newly self-employed An established business owner An independent contractor Operating as a sole trader No matter what occupation or trade you're a part of, BizCover ...
read more4 smart ways to manage money as a sole trader
... sole traders looks at some simple actions you can take and some suggestions for improving the performance of your small business. When you’re self-employed ... and wealth and lowering your tax liability? Here's a few tips how ...
read moreHow to become a successful sole trader
... a sole trader is a self-employed ... sole trader insurance requirements in NSW and Victoria Lastly, it's important to note that sole trader insurance requirements and other important business requirements for sole traders ...
read moreHow to set up your own sole trader contracting business
... of some of the different types of business insurances your sole trader contracting business may need to consider: Public Liability insurance* Public Liability insurance is designed to provide protection for you and ...
read moreWhat types of insurance do you need for a cleaning business?
... self-employed or sole trader ) or a company, you and your business may benefit from business insurance ... go wrong and possibly leave you looking at a public liability claim for personal injury or property damage. It can ...
read moreSole trader vs. company: What are the key differences
... Reporting is a lot easier with a sole trader structure. Your requirements are minimal compared to other business ... business. Get a quote today and start experiencing insurance made easy. * This information is general ...
read moreAdvantages and Disadvantages of Being a Sole Trader
... wage and abide by superannuation and workers' compensation requirements, the rest is yours to maximise your future ... insurance cover many sole traders consider is Public Liability insurance*. Public Liability insurance * ...
read moreWinning your first clients as a sole trader
... and your business if a claim was made against you. Sole trader insurance is particularly important, as this type of business structure ties your personal assets and liability to your small business. 3. Get your name out ...
read moreDoes a sole trader need an ABN?
... required to hold an ABN to trade and conduct business? For sole traders, is an ABN a 'nice to have' or a 'must-have' for business? Sole trader ABN requirements So, does your sole trader business actually need an ABN ...
read moreManaging Risk and Liability as a Sole Trader
... , contract provisions that provide compensation, and the following types of sole trader insurance . Public liability insurance* Public liability insurance provides protection for you and your business in the event that ...
read moreHow to pay yourself as a sole trader or a business owner
... is to financially safeguard your business from the risks it faces before they occur. This can be done sole trader insurance , which depending on your occupation, can protect you from a number of risks whether you're ...
read moreSole trader insurance myths, debunked
... property and accidentally burst a pipe. Without Public Liability Insurance , you'd be held responsible for ... need it. Sole traders should also keep in mind that business insurance might be a mandatory requirement to operate ...
read moreMicro business – definition, benefits, challenges, tips for getting started
... small business? Generally speaking, if you are self-employed, a sole trader, and/or have just a few employees, ... launch date. 5. Protect your business with business insurance* Launching and growing a business - even a ...
read moreTop 11 tips for being successfully self-employed
... , an established business owner, an independent contractor, or a sole trader, BizCover can help you reduce your business risk via self-employed insurance made fast, easy, and cost effective. Choose BizCover to compare ...
read more13 business ideas for self-employed carpenters
... specialty skill. Sole Trader Carpenter Ideas Here are 13 business ideas for self-employed carpenters. 1. ... expenses. Carpenters in Australia often consider: Public Liability – This covers legal fees and compensation costs ...
read more8 tips for running your self-employed business
... plan to be the only full-time employee in your self-employed business, at some point there may simply not be ... invest in self-employed insurance such as insurance for sole traders * or insurance for the self-employed . At ...
read moreSelf-Employed Tradies Checklist Guide 2024
... can benefit from having measures in place for reducing your exposure to risk including business insurance products such as: Public Liability ; Business Insurance ; Professional Indemnity ; and Personal Accident & Illness ...
read moreFrom passion to profit: 20 self-employed business ideas
... creative requirements to freelance graphic designers. As such, the need for freelance creatives ... business with self-employed insurance , also known as self-employment insurance. Get your business insurance sorted quickly ...
read moreThe key traits of successful sole traders
... 2. Always be up to the challenge When are you are a self-employed individual, you have sole responsibility for your sole trader business. An important sole proprietor tip to remember is that on every working day it will ...
read moreBranding for business: Understanding its importance
... small businesses as things like small business insurance and budgeting are. Do I need to build a company brand around my business? So, do sole traders, self-employed individuals, and tradies actually need small business ...
read moreBusiness Insurance Guide for the Self-Employed – Part 4
... and Illness insurance and Cyber Liability insurance. We share the ins and outs of why self-employed workers need ... risk situations where a cyber attack could occur: Trading via a website or online platform Communicating via ...
read moreGoing solo – A guide to being self-employed in Australia
... your business account separate from your personal account Managing your self-employed taxes Protecting your new self-employed business with business insurance is another step to consider before you start working with ...
read moreHow to become an independent support worker
... or not being self-employed is the right ... Public Liability insurance and Professional Indemnity insurance . These business insurance products provide protection for you while you help your clients. Whether you a sole trader ...
read moreReviews related to Sole Trader Public Liability Insurance Requirements
-
So quick and easy to purchase liability insurance from a range of insurers. Very happy customer!!
Shirley M McIntosh
Trades & Services -
Great Price on my Liability insurance
James M
Trades & Services -
Compare the market were quick to respond to my enquiry, were extremely helpful, took the time out to understand what I needed and came back with some quotes very quickly. They helped me understand what insurance would be best for me and were extremely kno
Sarah W Woodland
Trades & Services -
Easy no fuss way to purchase insurance
Heath W Wheeler
Trades & Services -
Thanks insurance made simple
Phillip A
Trades & Services -
unbelievable savings truly amazing the difference in the insurance costs thank you biz cover i will be recommending you to all my fellow business owners regards Palew Constructions
Richard A
Trades & Services -
Great service!
Jeff G Gilling
Trades & Services -
very easy, well explained very recommended
Michael G Gentilin
Trades & Services -
Easy to complete process, good phone support, thankyou.
Scott C Curtis-Griffiths
Trades & Services -
Easy and effective thank you
Werner B Birnbaum
Trades & Services -
Quick service! Best price
Joseph S Semaan
Trades & Services -
Awesome so easy to use no dramzzz
Mark M Mazzotta
Trades & Services -
Great work
Diane B Baker
Trades & Services -
Excellent as usual
NATALIE LAWRENCE AND TIMOTHY SADLER T T/A GRASS MUNCHERS MOWING
Trades & Services -
Good website, and easy to use.
Marika S Shipton
Trades & Services -
Very fast and convenient
Daniel R Royal
Trades & Services -
Awesome
BRETT S Smith
Trades & Services -
Very straight forward unlike NRMA you can't even fill the form with out hickups
Miki M Milutinovic
Trades & Services -
ALL GOOD
Darren o overall
Trades & Services -
Awesome. So quick and easy
Haami D Dewes
Trades & Services -
very easy, no hassles.
Cain H Halpern-Hodge
Trades & Services -
very easy to use
Mitchell W Williams
Trades & Services -
Fanstic
Elizabeth B Baszanowski
Trades & Services -
Always great to deal with. Thanks BizCover.
Harold G Grinage-Casasola
Trades & Services -
Very easy to use Website
Adam Y Young
Trades & Services -
Fantastic
Hooman S Soltani
Trades & Services -
Efficient, professional and to the point. Not pushy and pointing out important information to consider. Thank you!
Erika K Kruger
Trades & Services -
So easy to purchase - thanks
Jill W Wardropper
Trades & Services -
Website to renew is hard in ipads and worse on iphones, took about 15 times reloading
Jade M
Trades & Services -
awesome service
Darren J
Trades & Services -
THANK YOU THIS WAS SO EASY
Nathan S
Trades & Services -
Quick and easy. Honestly couldn't be happier
Julian E
Trades & Services -
Awesome service
Jason C
Trades & Services -
So easy to set up.
Thong V
Trades & Services -
Very simple.
Justin H
Trades & Services -
i guess hoping i dont need to find out by having to claim & then finding issues.
Tammy M
Trades & Services -
Easy, fast and very helpful
James R
Trades & Services -
Great
Robert D
Trades & Services -
Great help
Ethan W
Trades & Services -
Fast easy helpful
Alfred P
Trades & Services -
Excellente
Milena M
Trades & Services -
Easy to deal
Crytal C
Trades & Services -
Great experience, easy, streamlined and clear to understand.
Simon L
Trades & Services -
Easy to navigate through the website. I have a few questions to ask regarding my policy. could someone please call me tomorrow on 0451940806. thanks
Patrick W
Trades & Services -
Pleasure to do
Charlane S
Trades & Services -
Very quick and easy to set up
Shaun D
Trades & Services -
easy and effective
Christopher P
Trades & Services -
Amazing
Elaine H
Trades & Services -
Good
Shane P
Trades & Services -
So easy to renew love it
Bruce D
Trades & Services -
Very quick and easy
Wendy C
Trades & Services -
A nice easy application process!
Tom G
Trades & Services -
easy site to navigate
Dale M
Trades & Services -
Wow, that was soooooooooooooo easy!!! Thank you !
Keith B
Trades & Services -
Easy to use
Darcie P
Trades & Services -
Incredible was so easy to perform
Glen J
Trades & Services -
Very user friendly! Thanks
Paul S
Trades & Services -
Easy and quick to use
Alexander J
Trades & Services -
This case was a tough one, thanks team for assisting us for same, we really appreciate it .
Mohammad K
Trades & Services -
Easy and convenient to renew online
Billy M
Trades & Services -
quick easy and good prices
Kyle B
Trades & Services -
Quick and easy
Lee M
Trades & Services -
GEORGE GABRIEL IS AN ASSET TO BIZCOVER AND SHOULD BE COMMENDED FOR HIS EXCELLENT ATTITUDE AND ENERGY!
Zoe H
Trades & Services -
Great help and cover
Jade M
Trades & Services -
Best service ever on internet
Jhirmal S
Trades & Services -
So easy. Being self employed, the efficiency was so satisfying unlike some companies having endless documents to fill out. Thank you!
Camilla B
Personal Fitness Trainer/Service
What is insurance for tradesmen?
Whether you’re a carpenter, a handyman or a plumber, things like accidentally injuring or damaging a third-parties property or getting your tools stolen are real risks that tradies face every day. Business insurance for tradesmen is designed to give your tradie business the protection it needs and peace of mind knowing that you have a safeguard in place when things don’t stick to the blueprint.
Why do Tradesmen need insurance?
The reality is as a tradie you are exposed to different kinds of risks, making it vital to look at the various types of business insurance options available and how they can protect your business. These are some examples of when business insurance can help:
- Protection against claims from third parties for accidental personal injury or damage to their property
- Protection for your tools of trade in case they are lost, stolen or damaged
- Certain types of business insurances may be required when taking on a contract
- Financial protection in the event you are faced with a claim
Don’t be a ‘hero’ and rock up to your next job without your insurance. With BizCover you can get multiple competitive quotes from some of Australia’s leading insurers online quicker than you can say “smoko” and grab yourself a feed from the tuck shop!
Did you know?
Your Public Liability policy covers you anywhere in Australia, so you can work your trade magic anywhere from Brisbane to Balmain!
What insurances should tradesmen consider?
There are a few types of business insurances you may need to consider as a tradie. This is a snapshot of a few:
Public Liability Insurance
Public Liability insurance may be a requirement for tradies well before you step foot on site and is one of the important types of cover you may need to look at.
Even if you can talk your way out of a pile of rubble, you’re not going to be able to talk your way out of a Public Liability claim. Public Liability insurance is designed to provide protection for you and your business in the event a customer, supplier or a member of the public is injured or sustains property damage as a result of your negligent business activities.
Consider the possible personal injury claims from trip hazards created by your work activities or the risk of property damage claims – what about if you dropped a hammer and cracked some tiles? What if you forgot to turn the power mains off and electrocuted someone?
A personal injury and property damage claim could have a huge impact on your business, not only financially, but also to your company’s reputation.
If you’re working as a contractor, you should also consider your contractual obligations to carry a minimum amount of Public Liability insurance. You may also be required to hold Public Liability insurance if you are a member of a particular trade association.
What is typically included?
Compensation for:
- personal injury suffered by a third party (e.g. a customer, supplier or member of the public)
- damage to property owned by a third party due to your negligent business activities
- legal and defence costs associated with a covered claim
What is typically not covered?
- Injuries to your employees
- Damage to your own property
- Costs of rectifying faulty workmanship
- Professional negligence
- Contractual liability
- Events occurring before or after the policy period
Business Insurance
Your tools of trade and other business assets help you get the job done, so consider protecting them with coverage options like Portable Equipment* and Contents*
Insuring your tools, and your business against an instance when you have to down tools will ensure you still have a business,
Portable Equipment* – it’s likely you’ve accumulated a lot of tools over several years of work. If they were lost or stolen could you turn up to work the next morning and keep working? She’ll be apples with Portable Equipment cover – it insures items such as tools, business equipment or electronic items.
Professional Indemnity insurance
If you are an electrician, plumber of carpenter, sharing your tradie pearls of wisdom to your clients could lead to a potential claim if things don’t exactly go to plan and an accidental error occurs.
There’s no doubt you know your stuff when it comes to all things tradie, and if you are an electrician, plumber of carpenter client’s may often seek out your advice on certain things. But did you know that if your advice causes them a financial loss you could be held responsible? That’s where Professional Indemnity insurance can provide a helping hand.
Professional Indemnity insurance covers you for losses claimed by a third party and defence costs due to alleged or actual negligence in your professional services or advice.
Personal Accident & Illness Insurance
Working as a tradie you rely on being physically fit to your business going and getting the job done, so if accident or illness were to strike you need to think of Plan B to help provide an income while you’re off recovering.
As a tradie you need to be fit and healthy to bring in the dough – but have you stopped to think about how you would keep on paying the bills if you were to injure yourself or fall ill and had to take time off work to recover? Accidents can happen anywhere, anytime. It could be at work or even on your own time; whether you are doing a bit of DIY around the house or playing a game of backyard footy on the weekend.
Personal Accident and Illness Insurance provides levels of cover for loss of income, permanent disablement and even death if you are unable to work as a result of an injury or illness.
Product Liability insurance
If your tradie business starts selling products, you may need Product Liability insurance to protect from claims from third parties for property damage or injury.
Tax Audit
If your tradie business is investigated by the ATO it can be a stressful and time-consuming event. It’s a hassle and worry that you don’t need hanging over your head, and that’s where Tax Audit insurance can make things less stressful.
If your accounts are audited by the ATO, you may need to hire external professionals, like an accountant to assist in the process. Tax Audit Insurance covers a business for specified costs in responding to an official tax audit.
An unwanted trade
A tradie working on a commercial building locked up his tools before leaving the worksite at the end of the day. The next morning when the site was opened his tools were nowhere to be seen. A double whammy – no tools and potentially a contractual penalty for delaying the work. The insured’s claim was dealt with quickly and he was able to replace his tools in time to avoid all penalties.
Why choose BizCover for your tradesmen insurance?
We won’t bore you with jargon
We’re not fans of complicated insurance speak, so we talk to you in plain English.
Cover to match your needs
You can tailor policies from selected Australian insurers to suit the needs of your business, and we are there to help!
No paperwork required
We don’t believe in mountains of forms and paperwork, just online insurance made easy!
Real people adding real value
Our friendly service team is on hand and on a mission to make you smile!
What kind of tradesmen need business insurance?
These are just some examples of the type of trades industry’s which need to consider business insurance to protect their business:
Tradesman insurance covers a broad range of modalities, including:
- Carpenters & Woodworkers
- Electricians
- Handymen
- Plumbers
- Concreters
- Garden & Lawn Maintenance
- Painters
- Bricklayers
- Lawn Mowing Service
- Tilers
How much does insurance cost for tradesmen?
Every tradie is different with their own unique features and types of potential risks. There isn’t a one-price fits all kind of tradie insurance policy, the pricing is dependent on your individual factors and circumstances.
These factors can be things like:
- Your claim history
- The type of business operations you perform
- Your annual turnover
- The number of staff
- Level of cover
- Claims history
To receive an accurate idea of how much business insurance will cost for your tradie business have a chat to our friendly team to get a quote.
Frequently Asked Questions
Certain types of business insurance like Public Liability insurance may be a requirement before you can work on a job. It is always important to check your contract or agreement to see if a minimum level of cover is also stipulated.
If you rent your business premises, Public Liability and even Glass cover may be outlined as a requirement of your rental agreement by your landlord.
Just like any other self-employed business, insurance is something which you should consider as part of your business plan to help you stay in the tradie game for the long haul. While some types of insurance may be a requirement, there are a variety of coverage options designed to protect the things that matter most to your tradie business.
Just like the cost of business insurance, there isn’t a blanket cover for all tradies. However, there are a few factors that you can keep in mind when trying to calculate your level of cover. For example:
- The size of the jobs that you are working on. The higher the cost, the higher risk and you may want to look at increasing your Public Liability insurance accordingly
- Is there a minimum amount of cover stipulated in your contract?
Prefer to talk?
Call us and talk to a real person.
Friendly, helpful service from a business insurance professional.
1300 249 268
Mon-Fri 8.30am-7.00pm
Sat 9.00am-5.00pm