Tradesmen Insurance
Tradesman have a significant insurance responsibilities when working on site, as well as to protect themselves. Being mostly self-employed, it is a lot of responsibility and important to get cost-effective insurance that will give you the maximum protection. Insurance needs and risks can vary for the different trades, e.g. carpenters, brick layers, electricians, roofers, scaffolders, form workers etc. We can help you with value for money insurance with greater scope and value coverage for your equipment, motor vehicle and on-site potential liabilities, as well as personal loss of income protection. Policies we offer are premium competitive, but provide a wider range of inclusions and higher coverage or protection amounts.
Tradesmen Insurances page navigation
- Machinery & Plant Insurance
- Public Liability + Tools of Trade Insurance
- Tradesmen Home Warranty Insurance
- Personal Accident & Sickness Insurance
- Workers Compensation Insurance
- Commercial Motor Vehicle Insurance (Utes & 5-10 Tonne Trucks)
- Insurance Needs home page
Machinery & Plant Insurance
| Quotation options Tadesmen Machinery & Plant Insurance:
1. Online Form 2.PDF Form (download) 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) |
The benefits for Builders Machinery & Plant Insurance
- If machine is deemed a total loss within 2 years of being new, the insurance covers replacement with new item to a similar model subject to Sum Insured being adequate
- Where machine is to be repaired, you will be paid up to $10,000 to expedite repairs in relation to overtime and public holidays subject to the Sum Insured not being exhausted
- Where new machines are purchased, the Insurance will cover for up to 60 days to a value of $50,000 pending notification and payment of premium
- Where the Insured Hires in machinery, cover can be provided if machinery is declared
Optional extensions - (Cover provided where requested by the Insured)
Increased Cost of Working - Insurer will pay for increase cost of working necessarily and reasonably incurred for the purpose of avoiding or diminishing reduction in turnover as a result of loss or damage to Insured Machine.
Dry Hire - Covers Insured where they hire their machine to a third party without an operator. Conditional on adequate instructions being provided and adequate qualifications of third party.
Lease Payments - Insurer will pay the monthly lease cost of a Insured machine following loss or damage for a period up to 12 months.
Loss of Revenue - Insurer will pay loss of revenue attributed to the loss of the Insured item for a maximum period of 3 months.
Recovery Costs - The Insurer will pay up to $50,000 to recover a Insured machine which is unintentionally immobilized on or about the contract site which results in damage to the machine.
Always read your policy document thoroughly so you understand how these conditions respond.
Public Liability + Tools of Trade Insurance
| Public Liability + Tools of Trade Insurance:
1. Quote Form available soon 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) to enquire |
This range of insurance protection is vital for tradesmen, if not mandatory, as well as providing peace of mind. This protects the Tradesmen during construction from fire, weather related perils, theft/burglary ,malicious damage ,workmanship issues and more. Most importantly it protects the Tradesmen for their legal liability against injury or damage to third party property.
As with builders where you pay for what you get, from a range of quality of workmanship and reliability available, the same applies for insurance policies and protection. The quality of the protection needs to be looked at equally carefully as the price of the premium.
Our Insurance Service Provider offers tradesmen a quality, if not superior, package at a competitive price for insurance needs associated with Public Liability & Tools of trade. These packages cover the following: Legal Liability and specific Tools for tradesman.
Tradesmen Home Warranty Insurance
| Tradesmen Home Warranty Insurance:
1. Quote Form available soon 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) to enquire |
The Tradesmen undertaking the work is required to obtain Home Warranty Insurance for every project they undertake where the total work costs exceeds $12,000. The Owner of the property is the beneficiary of the Insurance. Any future Home Owner of that property within the statutory period is also protected. The Tradesmen obtains no benefit from this Insurance.
Tradesmen Home Warranty Insurance is set for a period of 12 months and reviewed annually there after.
To aquire this insurance, the applicant will need to complete an eligibility form and provide financials (if a company) or tax returns (if a sole trader) or sometimes just complete the form depending on the applicants assets and previous trading history.
South Australia and Western Australia follow similar regulation whereas Victoria have a model more aligned to NSW, however, NSW is more complex from both a licensing point of view and coverage. All other states and territories are either Government controlled or do not require the product to be compulsory.
Personal Accident & Sickness Insurance
| Personal Accident & Sickness Insurance:
1. Quote Form available soon 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) to enquire |
Tradesmen Personal Accident & Sickness protection Insurance... provides protection for you and up to another nine workers.
What the Personal Accident & Sickness Insurance Protection covers:
- Up to 26 weeks cover benefit period.
- Cover is eligible for persons between the ages of 18 to 60 years old.
- Covers up to 75% of the wage or salary; up to a maximum of $500 per week.
- Capital Benefit by - Death, Paraplegic and Quadriplegic accidents with a lump sum of $20,000 per person.
- Protection for up to 10 workers including the Owner Builder.
- There is a 7 day waiting period prior to making a claim.
It is highly advisable to take out Personal Accident & Sickness Insurance, to provide some insurance protection, if you are injured or incapacitated and cannot attend your employed work. The insurance policy also provides up to 10 workers also working with you.
A building site can be a very dangerous place. If you are planning to build and are injured or incapacitated so that if any of you cannot return to your employed job, you or they will be significantly financially compromised.
Workers Compensation Insurance
| Workers Compensation Insurance:
1. Quote Form available soon 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) to enquire |
Workers compensation provides protection to workers and their employers in the event of a work related injury or disease. The premiums are rated based on the business description which varies in cost depending on the risk involved. E.g. Building and Construction Trade - much higher risk and costlier than an office based employment.
For NSW employers they must have a workers compensation policy to insure themselves against compensation claims for workplace injuries if they pay more than $7,500 in wages, employ an apprentice or trainee, or are part of a group for premium purposes.
Commercial Motor Vehicle Insurance (Utes & 5-10 Tonne Trucks)
| Commercial Motor Vehicle Insurance (Utes & 5-10 Tonne Trucks):
1. Quote Form available soon 2. Phone: 1300 884 876 (Mon-Fri 9am-5pm) to enquire |
If you would like to enquire more about insurances you can also click here for our online enquiry form, OR post details to the Building Centre Network Suite 209, 410 Elizabeth street Surry Hills NSW, 2010 Australia.
