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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.

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    "I called for some confirmation on my insurance, it was a prompt reply and answered all my questions. Great service guys thanks."
    Clayton Wayne Earl | Trade Insurance - Renewal |
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    "I had to follow up trade risk to receive my renewal documents, and then wait 6hrs to talk to someone to follow up receiving my insurance documents a week after it had been paid."
    Bel Electrical Pty Ltd | Trade Insurance - Renewal |
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    "Very helpful and professional"
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    "Great communication"
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    "Happy with how easy it was to set up online. Fairly priced."
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    "Friendly and easy to talk to"
    Anthony John Davenport | Trade Insurance - Renewal |
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    "I was very disappointed with the way the renewal advice was done. I felt like I was being bullied into making a decision. I requested information regarding the ‘advice’ given re the difference between the old and new policy and why. This did not happen. All I got was the new policy. I did my own research and chose Trade Risk as it was already done. Maybe I’m old school, I still think a phone call is a better option as an initial point of contact and followed up by an email . Thank you"
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    "Excellent,"
    Samford Valley Plumbing Service Pty Ltd | Trade Insurance - Renewal |
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    "You guys are the best"
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    "I still get constant stupid emails asking me to buy their product... I already have"
    Todd Alan Brownsey | Tradesman Insurance |
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    "Apart from delays in finalizing the insurance I was happy with the service"
    AJ Atkins Electrical Pty Ltd ATF AJ Atkins Family Trust | Tradesman Insurance | Limestone Vic 3717
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    ". The service was good. The staff replied promptly to calls and emails /Prices were great."
    Del Romano Electrical Services Pty Ltd ATF | Trade Insurance - Renewal |
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    "We have been with Trade Risk for 3 years and they have always been very easy to deal with. They respond very quickly and provide great customer service."
    Cheynie Shaw | Trade Insurance - Renewal | Melbourne
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    "Always a pleasure to deal with. Been my go to for many years now, will be back again next year"
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    "Friendly and helpful staff were great to work with. Great product and value."
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    "Easy to deal with insurance renewal at a good price"
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    "Very easy to deal with and helpful with all my queries would recommend and very fast service would definitely deal with them again"
    Raymond Mitchell | Tradesman Insurance | Perth
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    "Very efficient and lovely to rtalk to"
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