When running a business, it is important to ensure you are adequately protected in the unlikely event of an accident or claim. For tradies, this means having the right insurance coverage in place to safeguard them and their business in the event of any untoward incident.
Tradie insurance is a type of business insurance that provides cover for tradies who work in the trade industry. It typically covers a range of potential risks and liabilities that tradies may face while on the job, such as property damage, public liability, legal costs, and more.
Property damage insurance covers the cost of repairing any damage to property caused by the tradie. This type of insurance is especially important for tradies who work on construction sites and are responsible for the upkeep of the premises. It will help to protect the tradie in case of a claim or lawsuit.
Public liability insurance is also important for tradies working in public areas. This type of insurance covers any claims that may arise due to negligence or harm caused to a third party.
This could include a customer being injured while on the premises, or damage to a customer’s property. This type of insurance is essential for tradies as it will help protect them from any potential legal claims.