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.

  • "Had my category (AV installation)"
    The Trustee For Hearing Connections Trust | Tradesman Insurance |
  • "We find them professional with excellent customer service."
    Custom Auto Gates Pty Ltd | Tradesman Insurance |
  • "It is the ease of getting them to find the most relevant and cost effective insurance, plus they followup on ensuring that I am compliant (as in my busy schedule, I often overlook this vital requirement."
    Mark Stanley Hawkins | Tradesman Insurance |
  • "got it all sorted asap"
    Adrian Allan Hurst T/As Styx N Stuff | Tradesman Insurance |
  • "helpful over the phone and very polite"
    PETER JOHN STAGG | Tradesman Insurance |
  • "Trade Risk are fabulous. Every year they organize our insurance with no fuss or bother, they handle everything. Very happy with their service and highly recommend them."
    | Tradesman Insurance |
  • "Great service"
    | Tradesman Insurance |
  • "Trade risk provided insurance I needed, made the process quite simple and easy to understand ."
    | Tradesman Insurance |
  • "Very fast and good service !!"
    Ow Painting Pty Ltd | Tradesman Insurance |
  • "Good price for insurance. Good correspondance between insurer and me."
    | Tradesman Insurance |
  • "Great communication and very easy to deal with!!"
    Dimitri Shahmatov | Tradesman Insurance |
  • "easy no hassle insurance"
    Rodney McKenzie T/As Rod McKenzie Plumbing | Tradesman Insurance |
  • "Very good service, easy to deal with as they understand my needs."
    Bris Power Pty Ltd ATF Hore Family Trust | Tradesman Insurance |
  • "Service has been absolutely excellent staff couldn’t help enough"
    Peter Hyde | Tradesman Insurance |
  • "I have been dealing with Cheryl and whatever questions I have, she has followed up and got back to me that day. Very happy customer"
    | Tradesman Insurance |
  • "Very helpful and would recommend them to other tradies!"
    | Tradesman Insurance |
  • "Paul and Anastasia were both outstanding and efficient"
    Angus Worner-Ridley | Tradesman Insurance |
  • "Good prince, slightly hard to process online but good product"
    LEE HOWIE | Tradesman Insurance | Littlehampton