How to receive instant benefits from your income protection

As a tradie, you should know that your chances of making a claim on your income protection are quite high. Reports have shown that people in the manual trades are far more likely to claim than any other group.

With most income protection policies, whenever you make a claim you must first get through the ‘waiting period’ before you will receive any payments. Generally you must be off work for 30 days, depending on the policy chosen.

Whilst it’s great to know that your payments are on the way, wouldn’t it be better to get your hands on that money straight away?

With Macquarie Life’s income protection you can!

Macquarie Life, who are one of our preferred insurers for tradies, offer a ‘Specific Injury Benefit’ which will pay an immediate benefit to you in the event of certain injuries. This is regardless of your waiting period. What’s more, this option is included in the policy at no extra cost!

Receive benefits without being away from work

The policy will pay you an immediate benefit regardless of whether or not the injury keeps you away from work. That means you could fracture your wrist, return to work the following week and still receive one month worth of benefits. You could return to work the next day and still receive the full benefit!

How much can you get?

The full details of which injuries are covered are detailed in the Product Disclosure Statement, but here are a few common examples:

  • Fracture of the lower arm or wrist – 1 month’s benefits
  • Fracture of the upper arm – 2 month’s benefits
  • Fracture of the leg – 2 month’s benefits
  • Fracture of the thigh or pelvis – 3 month’s benefits
  • Total and permanent loss of the sight in one eye – 12 month’s benefits
  • Paralysis – 5 year’s benefits

The injury does not need to occur at work, as the policy provides 24 hour protection. If you trip over and break your wrist whilst kicking the footy on the weekend, you’ll be covered.

More information

As with all matters relating to insurance, it is vital that you receive professional advice to ensure you are correctly covered. For more information, contact Trade Risk on 1800 808 800 to speak with a qualified adviser.

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.

  • "online application so simple very reasonable price best i have seen just no fuss"
    STEPHEN JOHN MCMURTRIE | Tradesman Insurance | Clayfield
  • "Kind people."
    | Tradesman Insurance |
  • "Quick, easy, no fuss insurance."
    | Tradesman Insurance |
  • "All experience communication was done on email. no one to talk too. i was not happy with the price and the cso offered me a small discount after being with traderisk for so many years."
    M.A.G. AUSTRALIA ENTERPRISES PTY LTD | Tradesman Insurance |
  • "Very thorough and would purchase again."
    Robert Wilcox | Tradesman Insurance |
  • "Prompt and friendly"
    Crafted Finishes Pty Ltd | Tradesman Insurance |
  • "easy to deal with. even when there was an issue, they were happy to help solve it asap"
    | Tradesman Insurance |
  • "Do you set up and great service good work"
    DANIEL JAMES SELLICK | Tradesman Insurance |
  • "easy to deal with and making adjustments was easy"
    ITV Systems Pty Ltd | Tradesman Insurance |
  • "Customer service has been always good, but recently my experience was not that pleasant. I believe it was an isolated case and overall they do their best to excel."
    Black Ship Investments Pty Ltd | Tradesman Insurance |
  • "Helpful, friendly staff information when contacted with a query. Attended to information requested in a timely manner"
    | Tradesman Insurance |
  • "The broker was extremely professional, very prompt with my enquiry and answered all of my questions with ease. The price came back competitively and the purchase transaction was made easy with BPay, I was very happy to have such an easy and positive experience."
    Common Sense Project Solutions Pty Ltd | Tradesman Insurance |
  • "punctual efficient service"
    Pumicestone Electrical & Airconditioning | Tradesman Insurance |
  • "Easy set up for a basic public and products policy,great work,cheers Tony"
    A.S BARTLETT & J.A BARTLETT | Tradesman Insurance |
  • "Very easy to deal with and very professional"
    H & M McDonald | Tradesman Insurance |
  • "Excellent service and competitive insurance quote rates"
    | Tradesman Insurance |
  • "Great prompt service and helpful."
    G.L.E 63 PTY LTD | Tradesman Insurance | Melbourne
  • "Easy to deal with and make payment"
    Thelma Dawn Els T/As Clean Sweep Bond Cleaning Services | Tradesman Insurance |