What is Trade Insurance?
Trade insurance provides tailored protection for tradespeople and contractors against the unique risks of working on-site, using tools, and managing client projects. In Australia, this type of insurance usually combines public liability, tools cover, and personal accident or income protection into one package. It ensures that trades professionals are financially protected if accidents, theft, or disruptions occur while on the job.
What Does Trade Insurance Cover?
Typical features of trade insurance Australia include:
Types of Trade Insurance in Australia
Public Liability Insurance for Trades
Essential cover for builders, electricians, plumbers, painters, and other contractors. Protects against compensation claims and is often required for licences and contracts.
Tools & Equipment Insurance
Covers theft, damage, or loss of essential tools and equipment, whether on-site, in a vehicle, or in storage. This type of trade insurance Australia ensures you can replace the tools you rely on.
Personal Accident & Income Protection
Provides financial support if you are unable to work due to injury or illness. Critical for self-employed tradespeople who don’t have access to sick leave or workers’ compensation.
Contract Works Insurance
Protects projects under construction from risks such as fire, storm, or accidental damage. Suitable for builders and contractors handling larger jobs.
Combined Trade Insurance Packages
Comprehensive policies that bundle liability, tools, and accident cover into one plan. Designed to reduce costs and provide convenience for busy trades professionals.
Why Consider Trade Insurance?
Working in the trades involves physical risk, valuable equipment, and direct contact with clients. Even small incidents can lead to costly claims, project delays, or income loss. Trade insurance Australia provides peace of mind by covering:
