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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 polite and great value"
    | Tradesman Insurance |
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    "Good service no hassles have recommended trade risk to a few people."
    Matthew Hore | Tradesman Insurance |
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    "The Trade Risk service provided was seamless as they advised me in advance that my trade insurance was due and after completing my renewal online Trske Risk came back with a good premium and completed the process without any unnecessary communication. Great service that I highly recommend."
    Joseph Mifsud T/As Joe D Handyman | Tradesman Insurance |
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    "I have always been happy with their service and would recommend them definately."
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    "I was caught out renewing my policy, but Trade Risk organised everything and made sure I was covered with my Public Liability Insurance."
    Peter Torti Pty Ltd | Tradesman Insurance |
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    "Yeppppppppp"
    | Tradesman Insurance |
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    "Good price & great service"
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    "Being in a bush fire disaster zone , your safe are lovely They were helpful and quick Really nice That’s what we need Thankyou"
    David Brazzani | Tradesman Insurance | Narooma
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    "The Team at trade risk sorted out my request quickly and efficiently"
    Oliver William Darvell | Tradesman Insurance |
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    "Very quick response and easy to deal with."
    Paramount Construction Group Pty Ltd | Tradesman Insurance |
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    "excellent communication - very efficient service"
    Jake Robert Prosser | Tradesman Insurance |
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    "Great service, easy to deal with. Found us great comparison rates when renewing our insurance"
    J Bremer & A Magyar | Tradesman Insurance |
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    "Can't complain about the pricing and coverage. They're a bit delayed in getting a renewal notice and quote for me to be able to make payment - this needs improvement."
    Andrew Gardiner | Tradesman Insurance | Ipswich QLD
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    "Better pricing, goes up every year risk does not !"
    Brian Arthur Chedgey | Tradesman Insurance |
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    "Trade Risk is very good to deal with and really look after their customers"
    Saiyaaz Khan | Tradesman Insurance |
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    "Was very easy as I have had an insurance broker for last 15 years who was charging me way to much."
    B&H Cotter Pty Ltd ATF The Cotter Family Trust | Tradesman Insurance |
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    "Easy to deal with and gentle reminders on policy expiry. Daughter works in insurance and still recommends this company ."
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    "Prompt and timely reminders and receipt after payment"
    David Vickers | Tradesman Insurance |
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