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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.

  • "The price was on point and the service was also great."
    | Tradesman Insurance |
  • "Excellent customer service and easy payment options"
    | Tradesman Insurance |
  • "The team always helpful."
    | Tradesman Insurance |
  • "They were pleasant to deal with when I first took the policy out and I am happy with their service."
    Gary Rodney Latcham | Tradesman Insurance |
  • "Easy to use, heaps of advance notice for when insurance is expiring. Great communication."
    Ricky Gan | Tradesman Insurance |
  • "Price is great Some emails and returning my calls were non existent even after asking a second time I rang for different premiums with increased excesses, spoke to someone, received no reply, rang again and left message but was not rung back"
    Richard WIlliam Morris | Tradesman Insurance |
  • "Pretty good .. jus t let us know the insurance is goin up if ur automatic do it"
    Ben Andrew Kerkham | Tradesman Insurance |
  • "Everyone I spoke to was helpful friendly and informative. But the computer system was down so I was not able to apply online myself or pay immediately over the phone. But I cannot fault the staff who did all in their power to help make insurance simple and easy as possible. Thankyou!"
    James Cameron | Tradesman Insurance |
  • "TradeRisk just make it so easy with their online tools."
    Alister Andrew Campbell | Tradesman Insurance |
  • "Easy to renew insurance"
    | Tradesman Insurance |
  • "My renewal quote was significantly less expensive than other companies could offer. The renewal process was simple and efficient. I've (thankfully) never needed to make a claim on a policy so cannot comment of the procedure here. I hope I never have to."
    | Tradesman Insurance |
  • "Yes I would recommend them, very efficient and prompt."
    Alan Sharpe | Tradesman Insurance |
  • "Quick and easy....Good value."
    G.a Turner & T.l Turner | Tradesman Insurance |
  • "Great trade insurance A+"
    | Tradesman Insurance |
  • "Very helpful good value and friendly would recommend"
    | Tradesman Insurance |
  • "Good experience."
    KNR Services Pty Ltd | Tradesman Insurance |
  • "Excellent service and nothing was a problem and a pleasure to talk to"
    | Tradesman Insurance |
  • "Great service and knowledge by the team, perfect for tradies wanting to get insurance cover knowing that its specialised for tradesmen."
    James Mott | Tradesman Insurance | Sydney
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