The job of a tradesman or woman is a very admirable one. You are the builders, plumbers and carpenters of society. Your services benefit society by catering to the needs of your customer and identifying opportunities to enhance the way of life of people. A person engaging in trading or a trade is a skilled craftsman and the very nature of your job as a tradesman or woman exposes you to risks that other people are not exposed to. This makes it paramount for you to protect yourself against unforeseen circumstances and events outside of your control. Your actions as a tradesman could also put others at risk. Due to these potential risks it would be wise for you to take out a tradesman insurance policy. A tradesman insurance policy outlines the conditions and circumstances under which you the policy holder will be financially compensated. Here are a few more reasons that you should invest in a tradesman insurance policy.
Tailored to Your Needs
A tradesman's insurance policy differs from other insurance policies because it is designed and focused around the needs and risks that face tradesmen. There are different types of insurance policies offered to tradesmen; the two major ones are the tradesman public liability insurance and the employer's liability insurance. The list below highlights other policies that are offered to tradesmen.
Types of policies specific to tradesmen include
- Tools of Trade Insurance
- Personal Accident and Illness insurance
- Motor Vehicle Insurance
- Workers Compensation Insurance
- Home and Content Insurance
- Public Liability Insurance
Avoiding Risk
Risk management is important, especially to individuals involved in service oriented industries. Having a tradesman insurance policy hedges the probability of uncertainty or loss that you might face in your day to day business activities. Regardless of the size of your company or if you operate a sole proprietorship trade insurance is important to protect your business and your future from the uncertainties of life.
Public Liability
Today society has evolved into a litigious society, which means that individuals and businesses are unreasonably prone to go to court to settle disputes. Purchasing a tradesman insurance policy gives you more control over the risk of doing business. Many trades' people are self employed, which means they have the benefits of earning a living for themselves by trading their services; however you may not have the protection that an employee would have at a company.
Affordable Options
Insurance can be an expensive undertaking especially for a small business that is trying to manage their expenses by cutting costs where they can. By finding an insurance provider that caters specifically to tradesmen, you can find affordable options to suit your needs. Tradesure for example is dedicated to providing insurance for tradesmen; they provide custom insurance business packages for builders, layers and even lawnmowers at competitive prices. The policies are specific to your precise requirement and you have options to pay an annual premium or monthly premium at no additional cost.
There is no Denying
Denying the importance of insurance by justifying saving on expenses could cost you a lot more in the long run. Catastrophic events such as the Queensland flooding in Australia have demonstrated the importance of having a good insurance policy. There are many insurance providers but finding the right one to suit your specific needs is crucial to having the protection that you need. Finding an insurance provider that deals specifically with tradesmen, gives you the opportunity to be able to discuss the risks and hazards associated with your line of business.
To learn more about public liability insurance for tradesmen, please take a look at our www.TradesInsuranceCover.com.au website.
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