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Tradie Confidence Index Cover

What does it cover?

Public liability insurance covers you when someone tries to sue you as a result of your work. Examples could be an electrician damaging someone’s appliances or burning down their house, or an carpenter who leaves a power cord across...

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How much should I cover my tools for?

It is important that you insure your tools for their full replacement value. That’s not the price you could sell them for on eBay, but the price you would have to pay if you had to purchase each and...

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Which events will my tools be covered against?

The policies do vary slightly, but the majority of our policies will cover your tools if they are stolen, but only if there is physical evidence that forced entry was required to access your tools and equipment. Basically this...

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Do I have to list all of my tools?

Each insurer has slightly different rules, some require all tools over $1,000 be listed on the policy, whilst others have a threshold of $2,000 or $3,000. We will let you know exactly which tools need to be listed, and...

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Is accident and illness insurance same as income protection?

“Definitely not! Although the general aim of both types of policy is generally the same – to protect your income – the policies are actually quite different. We could fill a number of pages on the technical differences between...

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Why won’t you sell me a cheap accident and illness policy?

“We could sell you such a policy, but unlike many insurance brokers who are only licensed to provide advice on general insurance products, we are also financial advisers and therefore have a fiduciary duty to our clients to ensure...

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Will I need to get a medical check done?

For most of our clients the answer is no. Insurers will generally only require a medical check if you have any existing medical issues, or if you are insuring yourself for a high amount. As you get older there...

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What is the waiting period?

This is the period you must be unable to work for before you can claim on your policy. The available waiting periods range from 7 days to 2 years, and the shorter the waiting period the higher the premium.

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Which waiting period is right for me?

The right waiting period depends on your needs and objectives. If you couldn’t survive for more that 7 days without pay, then a 7 day waiting period may be right for you. The vast majority of Trade Risk clients...

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What is the benefit period?

This is the period of time over which you will continue to receive monthly benefit whilst you cannot work. The benefit period can range from 1 year, up to an “age 65” policy which continues to pay you benefits...

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