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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.

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    "Great thanks for deal with"
    Liam Paul Cremin ATF L & J Cremin Family Trust | Tradesman Insurance |
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    "Could have given me a better rate, and no response from request"
    David Mathew Zemunik | Tradesman Insurance |
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    "great customer service"
    Steven Tiling Pty Ltd | Tradesman Insurance |
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    "easy process"
    Tercom Pty Ltd | Tradesman Insurance |
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    "Ease of setup"
    Ross Philip Eadie | Tradesman Insurance |
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    "Supplied information I needed,arranged my insurance with no worries .have no hesitation in referring them to others.m"
    | Tradesman Insurance |
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    "Couldn't recommend traderisk enough. Jordan is great to deal with and worked hard getting me the best cover."
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    "Very prompt service,and price was not jacked up from previous year unlike past insurers I have used."
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    "Good chat and explanation on phone Good premium"
    Richard William Morris | Tradesman Insurance |
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    "great customer service"
    Local And Licensed Pty Ltd | Tradesman Insurance |
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    "Trade risk were efficient with their service. They were available to talk to immediately and a quote was given promptly."
    Del Romano Electrical Services Pty Ltd ATF | Tradesman Insurance | EPPINGVic
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    "Quick and easy."
    | Tradesman Insurance |
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    "Excellent service, prompt and easy."
    Alan Sharpe | Tradesman Insurance |
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    "Got wonderful quick help with the details I was chasing regarding our insurance."
    Celia S | Tradesman Insurance | Brisbane
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    "Very happy with the service I got ... great information that would really help me along... thanks to all"
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    "I couldn’t afford to pay 12 month policy So they made it 6 month Something I could afford at this time"
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    "Always easy and happy to help with any questions or issues!👍🏻"
    Phil Morley | Tradesman Insurance | Victoria
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    "The team at Trade Risk are amazing! I have Income and Liability insurance with trade risk.The team has always been helpful to assist me with both my policies. I would defiantly recommend them to other tradies!"
    Scott Peter Rowlands | Tradesman Insurance | Narrabeen
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