Trade Risk is the only insurance group recommended and endorsed by Carpentry Australia.
As the single representative body specifically for carpenters Australia wide, they recognise that Trade Risk offers fantastic service and pricing to all carpenters.
We specialise in carpenters insurance and can help you to find the right cover at the right price.
Click here for an instant quote or call us on 1800 808 800.
We manage the insurance needs of around one thousand chippies from all over Australia with great premiums, friendly service and claims support.
Because we look after so many carpenters we have have negotiated better public liability insurance rates. Select from the options below to get an instant quote.
Carpenters love Trade Risk!
We take a lot of pride in the high level of service and competitive premiums that we offer to carpenters.
Independent global review company Feefo collects ratings and reviews from all Trade Risk clients, and we are pleased to have a customer satisfaction rating of over 98%.
You can view the reviews and ratings from our clients by visiting our testimonials page. You might be surprised to see how glowing in their praise tradies can be about a humble insurance business!
Which Carpenters Need Insurance?
All carpenters can benefit from some forms of insurance, but when it comes to those who really need to have it, we are mainly looking at subcontractors and those running their own carpentry businesses.
Whether or not you need insurance such as public liability or income protection will depend heavily on the building sites you work on and the construction companies you do work for.
Many of these sites, especially the larger ones, will have mandatory insurance requirements for self-employed carpenters.
Public Liability Insurance
When it comes to carpenters, public liability insurance is the one form of cover which is most commonly required.
This form of insurance can protect you financially if your work activities result in property damage or personal injury to another person.
Claims can range anywhere from the very minor, such as a few hundred dollars for a window you’ve broken, through to the very serious, such as a person being killed or seriously injured as a result of your work.
You can find out more amount public liability insurance for carpenters by following the link to our dedicated page.
As self-employed carpenters are not covered by sick leave, and in most cases workers compensation, many worksites have mandatory requirements for income protection.
Income protection can replace up to 75% of a carpenters income in the event that he or she cannot work for a period of time due to sickness or injury.
One of the most common claims we see from carpenters involve nail gun incidents, and the picture to the right shows the x-ray of one of our clients who made a successful claim.
A nail through the wrist can put you out of action for more than a month, making income protection very important.
For more information in income protection please check out our dedicated page on the Trade Risk website.
Other Forms of Insurance for Carpenters
Whilst it is not a mandatory form of insurance, many carpenters also have tool insurance in place to protect their tools.
A decent tool insurance policy will cover the cost of your tools if they are stolen or damaged through fire, storm or a vehicle collision.
Many carpenters, especially those with a wife and children to support, include life insurance in their tradesman insurance package.
Life insurance along with associated covers such as trauma and TPD insurance can help to ensure that your family are looked after if something goes wrong.
Things to look out for
No matter what types of cover you are considering, there are a few things to look out for which are specific to carpentry.
If you are undertaking any formwork it is vital that you let your broker or insurance company know.
If the amount of formwork is less than 50% of your overall work you should still be able to obtain a standard policy, but you’ll still need to let us know.
For carpenters undertaking more than 50% formwork you may need a specialised policy, however this is still something that Trade Risk can assist you with.
If you operate under your own building licence you will also need to let us know.
This won’t affect your ability to obtain insurance, but we still need to know as some insurance companies won’t cover carpenters with their own building licence.
If you are subcontracting to someone else who has a building licence there is no impact on your insurance.
The use of subcontractors can also have an impact on your insurance, especially if subcontractors make up more than 20% of your total turnover.
If you use subbies on any of your jobs please let us know so that we can ensure the policy we recommend to you is suitable for your needs.
All three of the issues raised above, being formwork, building license and subcontractors, relate to your public liability insurance only.
They also relate to all brokers and insurers, not just Trade Risk. So even if you don’t go with us, they are still important points to ask your broker or insurer about.
Carpenters Insurance Quotes
Here at Trade Risk we specialise in insurance for carpenters and can assist you with quotes on a range of different insurance types.
The team of insurance brokers and financial advisers we work with are experts in their field, and will work together to ensure you have the right package to suit your needs as well as your budget.
For more information or to get a quote give us a call on 1800 808 800 or complete our online form.
* The quote of $377 shown at the top of this page is based on a residential carpenter with no staff, turning over less than $100,000 per year, based in Queensland and taking out the minimum $5 million public liability coverage.