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Trade Insurance

Thanks to our great climate and the resources boom in some parts of the state, Queensland is a great state to be a tradie.

Queensland is home to some of the fastest growing areas of Australia, and with this growth comes plenty of opportunity for tradies working in residential and commercial building, as well as industrial work in the mines.

As with tradies all over the country, all Queensland tradesmen may need to hold various forms of insurance depending on the type of work they do and their business structure.

Qld Trade Insurance

Here in Qld the most popular forms of trade insurance include the following:

  • Public Liability Insurance
  • Tool Insurance
  • Income Protection

Most Qld trade workers who own their own business or work as subcontractors will need a public liability insurance policy.

Public liability cover protects tradies from the financial costs of causing property damage or personal injury to their customers or other members of the general public.

Tool insurance is also very popular with tradies, and simply covers your tools of trade against various losses such as theft or accidental damage.

Some tradies working on larger worksites will find that an income protection insurance policy is mandatory in order to enter the site. This policy covers you for loss of income if you are too ill or injured to work for a period of time.

In most cases each of the three forms of trade insurance detailed above will be fully tax deductible.

Whilst not quite as popular, other forms of trade insurance include the following:

  • TPD Insurance
  • Life Insurance
  • Trauma Insurance

Life insurance protects your family and loved ones financially in the event of your death, whilst TPD insurance fills a similar role in the event that you become totally and permanently disabled. Trauma insurance assists when you suffer a critical illness or condition.

Special Qld Requirements

There are a number of special requirements for trade insurance in Qld. One of the major differences between Qld and the other states is the requirement for a special form of insurance for electricians.

Any electrician who requires an Electrical Contractors Licence must hold a special public liability insurance policy which includes an option known as consumer protection insurance.

Not all insurance companies and insurance brokers can offer this special form of cover, so it is important to find a broker who knows the specific requirements for Qld electricians and other trades.

Insurance Quotes in Qld

There are plenty of insurance brokers in Qld who can assist with quotes on your insurance needs, however it is generally recommended that tradies deal with firms who specialise in trade insurance.

By using a trade insurance broker you will be dealing with a professional who knows the trades and construction industry and can match you up with the right policy that will suit your needs and your budget.

To obtain a quotes request from a Trade Risk network broker please follow the links to our online quote request and complete your details.

For more information on trade insurance in Qld please contact your broker or get in touch with us here at Trade Risk.

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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    "Very prompt in responding much appreciated"
    Joshua Newman | Tradesman Insurance |
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    "Great Service as always"
    Tenacious Enterprises Pty Ltd | Tradesman Insurance |
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    "Very helpful, great staff and very good service."
    Stephan Hunjas | Tradesman Insurance |
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    "Very good communication and great to talk to locals on the helpline."
    Grundling Pty Ltd | Tradesman Insurance |
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    "Very efficient.I like the fact that I don't need to follow them up as they do this for me."
    Mark Stanley Hawkins | Tradesman Insurance |
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    "Been using them for years. Simple easy no fuss."
    Matthew Robert Gilmore | Tradesman Insurance |
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    "Customer Services is fantastic. Great communication both verbally and by email. Very knowledgeable and patient staff."
    Brickit Mark Pty Ltd | Tradesman Insurance |
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    "Very pleasant and helpful staff. Great response time and very happy to help with everything I needed. Would recommend to others definitely. I will continue to use your services in the future. Thank you."
    Off The Edge Safety Rail Pty Ltd | Tradesman Insurance |
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    "answer me questions in a timely manner"
    James Patrick Roberts ATF JARC Trust | Tradesman Insurance |
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    "A very large jump in cost this year."
    | Tradesman Insurance |
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    "Understood what I asked for, provided me with a quote straight away which was good"
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    "Communication was good - managed to explore other options to suit our needs"
    SE & RS Quick | Tradesman Insurance |
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    "Great service great communication"
    Gary Kelvin Smith | Tradesman Insurance |
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    "5* star excellent"
    Kerry Ronald Mckenzie | Tradesman Insurance |
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    "Very Good Company to deal with. Explained and clarified areas and issues that were unclear."
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    "We needed to know what we were actually insured for as against our scope of work . We have a better understanding of what works can be undertaken . If we do industrial work which is currently outside the cover we can have it reviewed . Easy."
    John Gregory ATF Tamisa Family Trust | Tradesman Insurance |
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    "Easy work with"
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    "The people."
    Jamie Robinson | Tradesman Insurance |
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