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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.

  • "Great service and communication on all of my dealings with them"
    Super Inspect Pty Ltd | Tradesman Insurance |
  • "Simple and easy process to go through and would highly recommend this service to anyone"
    Tony | Tradesman Insurance | Sydney
  • "Exceeded expectations, great service"
    Cewe Pty Ltd | Tradesman Insurance |
  • "Cheap price, never had to claim so not sure how well it will hold up as a policy with loopholes etc"
    | Tradesman Insurance |
  • "Quick process exelent treatment to the client."
    | Tradesman Insurance |
  • "Excellent service"
    | Tradesman Insurance |
  • "Timely reminders and quick response emails."
    The Trustee For The Stephen & Yvonne Henry Family Trust T/As SYS Creative Pty Ltd | Tradesman Insurance |
  • "Great communication, customer service."
    | Tradesman Insurance |
  • "There is plenty of warning that renewal time is coming up. Because of the diversity of our work, they ensured that all aspects of our work was covered and noted on the paperwork. A comparison quote was arranged for, given the extra wording and cover needed and, to our surprise, they were able to save us some $200 in premiums. Thank you Trade Risk."
    Mark Stanley Hawkins T/As Picture Perfect Art Hanging | Tradesman Insurance |
  • "Easy to renew"
    Jeremy Bishop | Tradesman Insurance |
  • "answering my phone call so quickly"
    | Tradesman Insurance |
  • "quickly, sample, good vale I LOVE IT"
    | Tradesman Insurance |
  • "The policy and premiums were ideal for my small business. The support staff were great to deal with."
    | Tradesman Insurance |
  • "prompt service"
    | Tradesman Insurance |
  • "Happy with the purchase However the only feedback that is important is how you perform when I have a claim, buying something is easy, ask me for my feedback then! Cheers Brian"
    | Tradesman Insurance |
  • "Like the prompt service received."
    B2B Marketing Group Pty Ltd | Tradesman Insurance |
  • "good offer. very helpful"
    Navcom Communications Pty Ltd | Tradesman Insurance |
  • "fast & easy"
    Shawbilt Homes Pty Ltd | Tradesman Insurance |
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