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The best way to answer this question is to talk with an insurance expert about your individual needs and objectives, but here’s a quick run down to get you started:

Do you work for a living?

If you work to earn a living, either for yourself or someone else, you need income protection. Income protection will pay you a monthly benefit in the event that you are unable to work due to injury or illness. This benefit will allow you to continue paying the mortgage and all those bills whilst you’re not earning an income.

Trauma and TPD (Total & Permanent Disability) insurances are also very important. Trauma insurance will pay you a lump sum if you suffer a specified trauma event such as heart attack, stroke or cancer. The lump sum can be used to access the best care in the world without having to worry about financial concerns.

TPD insurance will pay out a lump sum in the event that you deemed unable to work ever again. The lump sum can be used to any purpose, including access to the best health care and rehabilitation, as well as paying for home and vehicle modifications that may be required in the event of being in a wheelchair or similar.

Do you have any debts and/or a family to support?

If you have any debts or have a family to support, life insurance is absolutely vital. The lump sum received upon your death or diagnosis of a terminal illness can be used to extinguish your debts, relieving your family of the debt burden. Life insurance can also provide a lump sum amount that can be used to support your family financially if you’re no longer around.

Do you work for yourself?

Public liability is a must for anyone who works for themselves, and for many tradies it is mandatory to have such cover. Public liability will cover you in the event that someone tries to take action against you for any injury or loss they have suffered.

Do you have valuable tools of trade?

Tool insurance will protect you in the event that your tools are lost or stolen. This cover will help you get back to business as soon as possible if someone was to take your gear.

Does your business have key staff who contribute to your profits?

Key person insurance allows you to ensure against the loss of a key person in your business due to injury, illness or death. The lump sum can be used to replace lost revenue and/or provide funds to hiring and training of a replacement.

There are many other type of insurance which may or may not be right for you. We strongly recommend that you speak with a qualified insurance expert in all cases. Call us today on 1800 808 800 to discuss your needs with an insurance expert.

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 helpful with advice - I called on behalf of my son who had no idea what he needed - we didn't look elsewhere as happy with information we were given and service"
    | Tradesman Insurance |
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    "Poor follow up. Had to chase them up. Account manager was changed mid quote"
    | Trade Insurance - Renewal |
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    "Good response times."
    | Tradesman Insurance |
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    "Lara Emanuelli was very helpful from the start to finish. Very nice person and easy to deal with."
    Jawo Wollaston | Tradesman Insurance | Mount Isa
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    "The team at TradeRisk were easy to deal with and prompt, nothing seems too much trouble and they provide clear answers."
    | Trade Insurance - Renewal |
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    "No issues, very simple."
    Gregory Tarlinton | Trade Insurance - Renewal |
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    "Have dealt with them for a couple of years now, easy to deal with and efficient."
    | Trade Insurance - Renewal |
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    "Great service, very helpful."
    | Trade Insurance - Renewal |
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    "Very good service"
    Narend Naidu | Trade Insurance - Renewal |
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    "Very Helpful, Professional and great communication."
    | Trade Insurance - Renewal |
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    "Very easy web site, good value"
    | Trade Insurance - Renewal |
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    "Ease of dealing with"
    | Trade Insurance - Renewal |
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    "Excellent value for money, best I could find for the cover needed. A bit slow getting the policy finalised and to me, but OK for these times."
    | Trade Insurance - Renewal |
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    "Jeremy was very helpful and efficient."
    | Trade Insurance - Renewal |
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    "Never returned my call to follow up with either quote"
    Daniel Anable | Tradesman Insurance |
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    "Great service"
    Electromation Pty Ltd | Trade Insurance - Renewal |
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    "Faster reply but ok"
    Trevor O’Dea | Trade Insurance - Renewal |
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    "The service is good hassle free way to purchase public liability."
    Colin James Roberg | Trade Insurance - Renewal |
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