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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.

  • "user friendly"
    Matthew Chris Pinney | Tradesman Insurance |
  • "Efficient, prompt and no fuss approach to handling our insurance needs."
    | Tradesman Insurance |
  • "As a small business owner in the complex Telecommunications Industry TRADE RISK have assisted the complexities for our business. I shall recommend TRADE RISK to all my business partners. LOGREEN"
    Logreen Pty Ltd | Tradesman Insurance | MELBOURNE VICTORIA
  • "Excellent service."
    Ozi Sheds Pty Ltd | Tradesman Insurance |
  • "Easy to obtain quote. clear information and fast to set up. Can rest assured that l have cover, hopefully never need to use it."
    | Tradesman Insurance |
  • "Efficient and well priced. Thank you."
    | Tradesman Insurance |
  • "My contact Cheryl was very helpful and explained everything to me in easy terms. She was friendly and made me feel at ease and answered my many questions immediately. Thank you"
    Heeney Homes Pty Ltd T/As Heeney Homes Pty Ltd | Tradesman Insurance |
  • "Good value with very simple and easy steps to follow, got prompt response also. Very happy overall."
    | Tradesman Insurance |
  • "Easy to deal with."
    | Tradesman Insurance |
  • "Prompt, friendly and informative."
    | Tradesman Insurance |
  • "Brilliant service."
    | Tradesman Insurance |
  • "great customer service marred by requests to do stupid polls like this one"
    Christopher Francis Gould | Tradesman Insurance |
  • "Good service and price. Will try all products."
    | Tradesman Insurance |
  • ".........."
    | Tradesman Insurance |
  • "Reminder of policy expiring, prompt service and good price"
    | Tradesman Insurance |
  • "I think that trade risk's customer service was excellent. They are really friendly and polite. Followed up really well."
    Daniel Phillips | Tradesman Insurance |
  • "Fast and easy"
    Gantulga Davaasuren | Tradesman Insurance |
  • "I've dealt with this company for a few years now - from the very start they've always efficient and fast... they sort out the paper work that other companies leave the customer to wade through. In a nutshell they save me buckets of time... and time is money. They also save me the aggravation of the paperwork and the back-and-forth that is so common with many insurance companies.."
    Saxon James Pty Ltd | Tradesman Insurance |
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