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If you’re a tradie, the last thing you want to do it make a claim. But even worse is not being able to make a claim because you didn’t have insurance…

Tradies face a range of risks on the worksite, but thankfully there are a range of insurance products designed to protect tradies and their businesses.

The most common claims on tradies insurance tend to be for tool insurance, however there are still claims for other covers such as public liability and income protection which go through every day in Australia.

In this guide we will take a look at some of the most common claims for tradies in Australia.

Stolen or Damaged Tools

A tradies tools are vital to earning an income. Without them most tradies will be unable to work, and will have no choice but to dip into their own pocket to replace their tools.

Stolen Tools

Tool insurance protects against this risk by covering the cost of your tools. If your tools have been stolen, it is important to report the theft to the police, as your insurance company will need a copy of the police report in order to pay your claim.

Once the police have been notified, the next step is to contact your insurance company or broker and advise them of the claim.

The insurance company will require evidence of your ownership, which can generally be met through receipts or other evidence which links to you the item, such as instruction manuals or packaging for the stolen items.

Property Damage & Personal Injury to Others

Some of the largest insurance claims for tradies insurance are for property damage or personal injury that they cause to other people as a result of their business activities.

In the case of this type of incident occurring, you must let the insurance company know about the details as soon as possible.

It is also important not to accept any blame or responsibility for the incident, as your insurance company will first need to investigate the incident before any blame can be apportioned.

Loss of Income

Being a job which involves plenty of manual work, it is not uncommon for tradies to need time away from work due to injuries or illness.

For a tradie on wages this won’t be such as issue, since they have access to sick leave, but for a self-employed tradesman there is no sick leave, and therefore no income.

An income protection claim can be lodged with your insurance company once you have been away from work for long enough to satisfy your waiting period. It is a good idea to contact your insurance company or adviser early however, rather than waiting until the end of the waiting period.

Unless you provided evidence at the time of applying for the income protection insurance, you will have to provide the insurance company with evidence of your currency earnings. This is generally done through the provision of recent tax returns.

Making a Claim

Whenever you need to make a claim on your insurance, regardless of what type of tradesman insurance you have, the best bet is to speak with your insurance adviser or insurance company immediately to notify them of the details.

Your insurance company may give you specific instructions to follow, especially in the case of a public liability insurance claim, and not following these instructions could put your claim in jeopardy.

The whole reason for a tradie to hold insurance is to ensure that they are protected. Insurance companies are more than happy to pay claims, but they need you to cooperate at all times to ensure a smooth and successful claim.

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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    "Excellent customer service from the account manager..flexible to insurance requirements and quick to respond"
    Andrew James Tims | Tradesman Insurance |
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    "Ive had insurance with this crowd in the past. I went to renew my membership in the past as I had let it lapse a couple of months. The price went up 30% so I didn't go with them. Then 3 months later I go back to there website and I get my insurance again for the same as original."
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    "good service"
    Hansford Projects Pty Ltd | Tradesman Insurance |
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    "Great service as always. Would recommend."
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    "Good service"
    Build it up constructions | Tradesman Insurance | Ipswich
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    "I needed urgent cover and Helen at Trade Risk was so helpful and had me covered at a really competitive rate. Details of the cover were explained so I am confident I have the cover I need. I would definitely recommend Trade Risk."
    Tim Billing | Tradesman Insurance | Brisbane
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    "The best Insurance"
    Ondrej Balogh | Tradesman Insurance |
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    "Good service"
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    "Good very easy to get a policy"
    Ricky P Jamieson | Tradesman Insurance |
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    "Great service will recommend to others."
    Jason Edward Styles | Tradesman Insurance |
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    "The process of renewal of my Trade Risk seemed to be done efficiently and timely!"
    Cornerstone Tiling Pty Ltd ATF PS.23 Family Trust | Tradesman Insurance |
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    "Reasonable prices efficient and friendly staff"
    Ian Spicer | Tradesman Insurance |
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    "There was a problem with the account details and just a quick phone call and as I was away at work no threats just please fix it when you get back they could have made a big deal out of nothing but didn't and I feel that is great customer service."
    Matthew John Mcgee | Tradesman Insurance |
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    "Great service"
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    "I contacted you regarding my policy ,no one got back to me then the policy expired and my customers started contacting me ,we lost work because we were not insured ,a lot of our work comes from ambulance Victoria , they stoped writing purchase orders to use because of it . then we asked for another quote for on hook insurance for our crane truck same thing again no follow up and no quote."
    Bayside Machinery Pty Ltd | Tradesman Insurance | Mallacoota Victoria
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    "Excellent customer service went above and beyond to help help out they made all the necessary phone calls and I didn't have to chase them . They did everything for me ."
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    "it would be 5 stars if the renewal was timely and not requiring me to contact Trade Risk for a renewal quote."
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    "Easy to deal with"
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