fbpx

Timber formwork

Insurance for Formworkers

If you’re a carpenter doing formwork it’s important to ensure you are properly insured.

Many of the public liability insurance policies issued to carpenters do not actually cover formwork, which can leave you exposed if something was to go wrong on site.

Thankfully here at Trade Risk we are experts in the building and construction industry, and we know how to get the right cover for formworkers.

Are you properly covered?

From our experience, many formworkers refer to themselves as carpenters when taking out business insurance.

This is probably because most insurers don’t list formwork as an occupation.

The problem is that some companies do not actually cover formwork under a carpentry insurance policy, and of those that do often the amount of formwork is limited to no more than 50%.

So if you are doing formwork and take out a policy designed for a carpenter, you could find yourself in strife if you need to make a claim.

This is why it’s important to let your broker or insurer know that you do formwork, and ensure that they set the policy up for you correctly.

Trade Insurance

Of course here at Trade Risk we are fully across the issue, and will ensure that you are properly covered.

Types of insurance

There are a number of different trade insurance types that formworkers can benefit from, but in terms of the most common it would have to be public liability insurance.

Public liability will cover you if your work results in property damage or personal injury to another person.

Many formworkers ask whether or not faulty or defective work is covered under a public liability policy, as any fault in your work could have major consequences.

We recommend that you read our guide on faulty workmanship for more information, but basically the policy will cover the consequences of the work, but not the rectification work.

Tool insurance is another popular form of cover, and can protect your tools from a range of risks such as theft from a secure location, fire and storm damage.

For self-employed tradies it’s also worth looking at income protection insurance, as in most cases if you cannot work you’re not going to get paid.

More information

Our team know how to setup insurance for formworkers correctly, and can get you the right policy at a competitive rate.

To speak with one of our trade insurance experts please call us on 1800 808 800 or complete our online quote form.

Tradies Love Trade Risk

In 2017 Trade Risk was awarded a Gold Trusted Service Award for the amazing service we offer to thousands of tradies from around Australia.

  • "user friendly"
    Matthew Chris Pinney | Tradesman Insurance |
  • "Efficient, prompt and no fuss approach to handling our insurance needs."
    | Tradesman Insurance |
  • "As a small business owner in the complex Telecommunications Industry TRADE RISK have assisted the complexities for our business. I shall recommend TRADE RISK to all my business partners. LOGREEN"
    Logreen Pty Ltd | Tradesman Insurance | MELBOURNE VICTORIA
  • "Excellent service."
    Ozi Sheds Pty Ltd | Tradesman Insurance |
  • "Easy to obtain quote. clear information and fast to set up. Can rest assured that l have cover, hopefully never need to use it."
    | Tradesman Insurance |
  • "Efficient and well priced. Thank you."
    | Tradesman Insurance |
  • "My contact Cheryl was very helpful and explained everything to me in easy terms. She was friendly and made me feel at ease and answered my many questions immediately. Thank you"
    Heeney Homes Pty Ltd T/As Heeney Homes Pty Ltd | Tradesman Insurance |
  • "Good value with very simple and easy steps to follow, got prompt response also. Very happy overall."
    | Tradesman Insurance |
  • "Easy to deal with."
    | Tradesman Insurance |
  • "Prompt, friendly and informative."
    | Tradesman Insurance |
  • "Brilliant service."
    | Tradesman Insurance |
  • "great customer service marred by requests to do stupid polls like this one"
    Christopher Francis Gould | Tradesman Insurance |
  • "Good service and price. Will try all products."
    | Tradesman Insurance |
  • ".........."
    | Tradesman Insurance |
  • "Reminder of policy expiring, prompt service and good price"
    | Tradesman Insurance |
  • "I think that trade risk's customer service was excellent. They are really friendly and polite. Followed up really well."
    Daniel Phillips | Tradesman Insurance |
  • "Fast and easy"
    Gantulga Davaasuren | Tradesman Insurance |
  • "I've dealt with this company for a few years now - from the very start they've always efficient and fast... they sort out the paper work that other companies leave the customer to wade through. In a nutshell they save me buckets of time... and time is money. They also save me the aggravation of the paperwork and the back-and-forth that is so common with many insurance companies.."
    Saxon James Pty Ltd | Tradesman Insurance |
Share via