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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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    "Easy to deal with. Great prices."
    Sorted Electrical Pty Ltd | Trade Insurance - Renewal |
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    "sending me a reminder that my insurance was due and folowing up on it.fast and effiecient responce with my currencey papers and receipt"
    Bradley Steven Oakley | Trade Insurance - Renewal |
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    "Quick and easy to deal with."
    Claire Story | Tradesman Insurance | TIN CAN BAY
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    "Their response was slower than they promised. The cost of the insurance doubled since last year even if there was no claim."
    Peter Halasz | Trade Insurance - Renewal |
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    "The staff were informative ,following up promptly and with a high professional standard"
    Modern Abode Pty Ltd | Trade Insurance - Renewal |
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    "Great service"
    The Trustee For Timms Family Trust | Trade Insurance - Renewal |
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    "Awesome service quick to get back to you and great end result."
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    "Excellent service as always. Easy website to negotiate. Great service when having to make phone contact."
    | Trade Insurance - Renewal |
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    "Great customer service, all essential information about your insurance coverage is explained"
    Geoffrey Arnold Walker | Trade Insurance - Renewal |
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    "Lots of advice, great price compared to other insurance companies. Easy to pay & get started straight away."
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    "Good customer service"
    Alexander Talikin | Trade Insurance - Renewal |
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    "Simple easy to use with great support"
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    "Easy to deal with"
    Mr & Mrs C Coote | Trade Insurance - Renewal |
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    "Great service"
    Benjamin James Ghalayini | Trade Insurance - Renewal |
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    "The service was excellent customer contact was clear and very professional"
    Gerard Jones | Trade Insurance - Renewal |
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    "Charging me over $4000.00 for insurances which I ended up getting for $1200. Elsewhere. How can you be so far out of the ballpark.Absolutely ****** incredible."
    Patsat Pty Ltd | Trade Insurance - Renewal |
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    "Great service, understanding of different types of work and able to accommodate"
    Huntress Electrical Solutions Pty Ltd | Trade Insurance - Renewal |
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    "Very efficient, I will use this service in the future because I can rely on the team. The service is easy and fast to use which makes a big difference."
    | Tradesman Insurance |
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