Insurance for tradies – everything you need and nothing you don’t

November 1, 2018
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Insurance for construction trades is more than a box ticking exercise in meeting regulatory requirements. When trouble hits it can make the difference between your operation being able to keep trading or going broke.

Don’t try to DIY your business insurance cover based on the premium you think you can afford. On that basis you could wind up underinsured or without protection at all in some areas.

Just some of the hidden problems that can occur with readymade policies occur include:

  • insurance cover only applies to restricted activities
  • higher excesses to pay for some kinds of claims
  • the cover only applies in certain locations
  • some activities aren’t covered at all (exclusions).

On the other hand, you could also be doubling up on other kinds of cover, along with the unnecessary expense. That’s why you should consider getting business insurance through someone who understands your trade and the risks and exposures involved, like our trades insurance brokers at imar.

At imar trades insurance is our speciality and what we do day in, day out.

That means our brokers draw on their experience in assessing the needs of your particular operation to advise on your risks, identify the exposures that apply and put together a package of the appropriate cover to give you seamless protection: everything you need and nothing you don’t.

Here’s a sample tradies’ insurance shopping list:

Protecting business operations

  • Construction business insurance
  • Contract works
  • Public & products liability
  • Management liability
  • Professional indemnity

Protecting revenue stream

  • Business interruption
  • Income protection
  • Injury and illness
  • Workers’ compensation

Protecting plant and equipment

  • Tools of trade
  • General property

Want to get seamless cover at a competitive cost? Just talk to us. Give imar a call today on 1800 284 627 for an obligation-free discussion and quotation on your business insurance needs or fill in your details on our get a quote page.

This is a general overview of insurance issues. To the extent that any material in this document may be considered advice, it does not take into account your objectives, needs or financial situation. You should consider whether the advice is appropriate for you and review any relevant Product Disclosure Statement and policy wording before taking out an insurance policy.

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