Saving Money

Bad debts can be a massive issue in the building game.

Insolvency, administration, bankruptcy and receivership are all commonly heard words for contractors in this space.

You might be able to survive a $20k unpaid debt when a builder falls over, but what if that debt was $200k?  Could your business survive?

Thankfully you can protect yourself with trade credit insurance.

We should start by saying that credit insurance is not for everyone.  Premiums start from around $10,000 per year, so the cover is typically used only by companies turning over at least a few million dollars per year.

Unfortunately there are no insurance products available to help the smaller contractors turning over a few hundred grand a year (which is most Trade Risk clients), but if you are up in the 7-figure range it is certainly worth considering.

For more information about trade credit insurance please call us on 1800 808 800.

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 |