If you’re going to take out insurance, it makes sense to go with a package.
Trade Risk are the experts when it comes to putting together insurance packages for tradies.
Whether you just need public liability and tools, or a whole range of other policies, we can put it together for you.
For more information give our team a call on 1800 808 800, or read on for more information.
What policies can go in the pack?
We can bundle up virtually any type of general insurance into a tradie pack for you.
Being a pack doesn’t necessarily mean that all of your insurance types are going to be in a single policy.
It more so means that we take a variety of different policies and manage the pack for you via a single point of contact, which is Trade Risk.
Some of the common policies that we package up for our tradie clients include the following:
- Public liability
- Tool insurance
- Vehicle insurance
- Trailer insurance
- Property insurance
There are plenty more of course, but these policies are typical of the tradies we deal with.
One common type of tradies insurance that cannot be included in the package is income protection insurance.
This is because proper income protection can only be sold via financial advisers using a life insurance company rather than a general insurance company.
Some brokers will claim that they can include income protection in a package, but it will actually be an inferior type of cover commonly known as accident and illness insurance.
Mix and match
Going with a package doesn’t mean that all of your insurance policies have to be with the same insurer.
This is an important point, as the best deal for your public liability might not be from the same insurance company as the best deal for your tool insurance.
This is one of the great benefits of using Trade Risk, because we can package up polices from multiple insurers to ensure you’re getting a great deal.
Monthly payments
One of the major benefits of packaging up your insurance with a single broker is the ability to combine your monthly payments.
For example we may setup three different types of policies with three different insurance companies, but we can still arrange a single monthly payment.
Without using a single broker like Trade Risk you wouldn’t be able to do this, and would instead have three separate payments being deducted each month.
Even if you add another policy to your package midway through the year, we can still add it into your single monthly payment.
Benefits of a tradie insurance pack
Here’s what we see as the main benefits of packaging up your insurance with Trade Risk:
- A single point of contact for all enquiries
- Combine all of your policies into a single monthly payment
- No need to deal with multiple companies when making changes to your insurance
- And in many cases by packaging up multiple policies we will be able to save you money!
Ultimately we see the main benefit being that you can trust a single insurance broker – Trade Risk – to be taking care of your insurance needs.
Frequently asked questions
Will I have a single policy number?
Each separate policy will have a separate policy number. The exception is if we bundle two or more insurance types in a single policy (for example combined public liability and tools).
Can I include income protection in the pack?
If we’re talking proper income protection, the answer is no. This type of insurance is taken out via a financial adviser and life insurance company.
We can still help you out with income protection via Trade Risk Life, however it will be completely separate to your other insurance types.
Can I save more by having all of my policies with a single insurance company?
Generally not. Some insurance companies do offer a discount if you have more than one policy with them, however this doesn’t mean you’ll save overall.
For example one insurer may charge $500 for their public liability and $300 for the tool insurance, with a 10% discount for combining them. This would give a discounted total of $720. ($800 – $80).
That sounds great, but if we can get your tools with another insurer for only $200, then you could pay a combined total of $700 ($400 + $200) which saves you another $20.
Will I have to pay multiple monthly payments if you use multiple insurance companies?
No. The good news is that we can still combine your tradies insurance pack into one single monthly payment, no matter how many different insurance companies we use.
More information
If you like the sound of having your tradies insurance neatly packaged up, then you need to get in touch with Trade Risk.
You can all us any time on 1800 808 800 or complete our online enquiry form.
