Why might I need Tradies Insurance?
Tradies face a number of risks that they need to protect themselves against. Causing serious injury or death to someone as a result of their work practices, or damaging someone’s property, can lead to expensive claim costs and damage to a business’s reputation. It can even force that business to cease trading.
Why is Public & Product Liability Insurance important?
It’s important that your business considers Public & Product Liability insurance to help protect you against these risks. The majority of businesses understand this need and require their subcontractors to take out this cover before they begin work on a site.
Including optional General Property cover in your Tradies Insurance can also help avoid the expense of replacing lost, damaged or stolen tools and other essential portable equipment.
How much Public Liability Insurance do I need to consider?
Every business has different requirements when it comes to how much Public Liability Insurance cover it needs. HIA Insurance Services offers the following levels of Public Liability cover:
- $5 million
- $10 million
- $20 million
The amount of optional tool cover required can also be specified up to an amount of $30,000.
What is covered?
Tradies Insurance is tailored to the needs commonly faced by tradie workers and helps provides cover for them while on the job and after work has been completed. Among the inclusions are1:
- Australia-wide cover, 24 hours a day, seven days a week
- protection against claims for accidental damage or injury caused to an individual or their property as a result of your work.
- cover for up to seven onsite workers
- optional cover for tools transported with you and kept offsite (in a locked secure area).
- competitive excess amounts ($500 for Public Liability and $250 for General Property)
- a simple process for amending policy details.
Why HIA Insurance Services?
HIA Insurance Services (HIAIS) combines the construction industry expertise of the Housing Industry Association (HIA) with the risk and insurance knowledge of Aon to provide specialist products and advice to the residential construction industry.
We understand the unique risk exposures of carpenters, concreters, bricklayers, painters and other trades. As one of the largest and most experienced insurance providers in the country, HIAIS is ideally placed to offer Tradies Insurance policies tailored for risks commonly found in the construction sector, as well as efficient insurance claims processes.