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.

  • testimonial background
    "Good service no hassles have recommended trade risk to a few people."
    Matthew Hore | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "The Trade Risk service provided was seamless as they advised me in advance that my trade insurance was due and after completing my renewal online Trske Risk came back with a good premium and completed the process without any unnecessary communication. Great service that I highly recommend."
    Joseph Mifsud T/As Joe D Handyman | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "I have always been happy with their service and would recommend them definately."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "I was caught out renewing my policy, but Trade Risk organised everything and made sure I was covered with my Public Liability Insurance."
    Peter Torti Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Yeppppppppp"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Good price & great service"
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Being in a bush fire disaster zone , your safe are lovely They were helpful and quick Really nice That’s what we need Thankyou"
    David Brazzani | Tradesman Insurance | Narooma
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "The Team at trade risk sorted out my request quickly and efficiently"
    Oliver William Darvell | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very quick response and easy to deal with."
    Paramount Construction Group Pty Ltd | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "excellent communication - very efficient service"
    Jake Robert Prosser | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Great service, easy to deal with. Found us great comparison rates when renewing our insurance"
    J Bremer & A Magyar | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Can't complain about the pricing and coverage. They're a bit delayed in getting a renewal notice and quote for me to be able to make payment - this needs improvement."
    Andrew Gardiner | Tradesman Insurance | Ipswich QLD
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Better pricing, goes up every year risk does not !"
    Brian Arthur Chedgey | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Trade Risk is very good to deal with and really look after their customers"
    Saiyaaz Khan | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Was very easy as I have had an insurance broker for last 15 years who was charging me way to much."
    B&H Cotter Pty Ltd ATF The Cotter Family Trust | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Easy to deal with and gentle reminders on policy expiry. Daughter works in insurance and still recommends this company ."
    | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Prompt and timely reminders and receipt after payment"
    David Vickers | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full
  • testimonial background
    "Very quick and professional service again this year"
    John Gilbert | Tradesman Insurance |
    star fullstar fullstar fullstar fullstar full