Why Aussie tradies may need business insurance

From customers to suppliers, you’re meeting people every day, and with that interaction comes the risk that an accident could happen.

All it takes is a misplaced tool for someone to trip over or a hammer slipping through your hands and falling on some delicate tiles, and you could be faced with a costly claim against you.

But it’s not going to happen to you, right? You know your trade like the back of your hand and accidents are for amateurs.

But what the following example shows is that it does happen to Aussie tradies like you, and it’s crucial to have tradie insurance in place when it does.

A real-life Aussie tradie’s story

A tradie was tasked with changing a hot water storage tank to two external heaters and reconnect to the existing pipework*. After the job, a weld on the copper line developed a drip. The dripping water leaked onto the ceiling of the entertainment room below causing damage.

Thankfully, they had Public Liability insurance*, designed to protect tradies against claims resulting from third-party injury or property damage due to your negligent business activities.

The Insurer paid $4,972 for repair costs and the tradie went to trade for another day.

This is a good news story. An accident happened and the tradie remained in business due to having the right protections. But imagine how the story might’ve ended if they hadn’t sorted out their business insurance?

Don’t wait any longer. At BizCover, we provide a stress-free experience when it comes to getting your business insurance sorted. It only takes a couple of minutes, so give us a burl and visit bizcover.com.au to get compare quotes from a whole toolbox of tradie insurance options.

*This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the policy wording.  The provision of the claims examples are for illustrative purposes only and should not be seen as an indication as to how any potential claim will be assessed or accepted. Coverage for claims on the policy will be determined by the insurer, not BizCover and will depend on the specific facts and circumstances involved. © 2022 BizCover Pty Limited, all rights reserved. ABN 68 127 707 975; AFSL 501769