Leasers, and in the case of owner-occupiers, lenders, generally require comprehensive property insurance. Remember as a tradie, you still need to arrange cover for plant and equipment, contents, or loss of earnings.
As a tradie, your tools of trade are your lifeline. They’re the tools you rely on every day to get the job done. Whether you’re a carpenter, electrician, plumber, or any other type of tradie, you need to protect your tools of trade with general property insurance.
Tradie tool insurance is a type of general property insurance that covers your tools of trade against loss, theft, or damage. With tradie tool insurance, you can have peace of mind knowing that your tools of trade are protected, and you can get back to work quickly if something goes wrong.
As a tradie, your tools are your livelihood, and you need to make sure that they are protected. Trade tool insurance can provide the coverage you need to protect your tools against loss, theft, or damage. This coverage can help you quickly replace your tools if something happens, so you can get back to work and continue earning a living.
In addition to protecting your tools, insurance for tools of trade can also protect you against liability claims. For example, if one of your tools were to injure someone, you could be held liable for their injuries. Tradie tool insurance can provide coverage for these types of liability claims, helping to protect you and your business.
General property insurance and tools of trade insurance provide coverage for loss or damage to tools, equipment, and property used by tradies in their business. Some common claims for general property insurance and tools of trade insurance for tradies in Australia include:
Again, the specific coverage and claims process for general property insurance and tools of trade insurance can vary depending on the insurance provider and policy. It’s recommended to read the policy carefully and consult with an insurance professional to understand the coverage and claims process.
In addition to providing coverage for your tools and equipment, tradie tool insurance can also provide coverage for your toolboxes and storage units. This coverage can help you quickly replace your tools and storage units if they are damaged or stolen.
When choosing insurance for tools of trade, it’s important to consider your specific needs. Do you need coverage for your tools of trade only, or do you also need public liability coverage? How much coverage do you need? Be sure to read the policy carefully and ask any questions you have before deciding.
At Tradies365, we make it easy to get the tradie tool insurance coverage you need. Our online application process is quick and easy. We offer affordable rates and flexible payment options, so you can get the coverage you need at a price that fits your budget.
Protecting your tools of trade is essential for any tradie, and trade tool insurance / general property insurance can help you do just that. Get a quote for tradie tool insurance today and have peace of mind knowing that your tools of trade are protected.
As with other types of insurance needed by tradies, general property insurance policies can vary significantly. We recommend that you are sure your gear has an adequate cover by occasionally checking the replacement cost of items you use regularly. Using this information, we make sure that your policy will meet your needs and not leave you in the lurch. We work with a great many tradies who believed their cover was satisfactory until they checked the replacement costs of some big-ticket items and specialized pieces of equipment.
It is important to remember that general property insurance typically only covers equipment considered portable. Tools and machinery permanently located in your place of business will be covered under the policy written for your business contents.
General property insurance covers a range of occurrences. These include (but are not limited to):
You can request we write in extensions for your policy; depending on your specific trade, these may or may not be necessary for you. While we want you to have all of the coverage you need to keep your business safe, some coverage is not a necessity.
Having a solid general property insurance policy gives many tradies a great deal of peace of mind. We can assist you with the details and specifics so that your insurance plan has the cover you need. Feel free to call and set up an appointment to review your present coverage. We believe that it is always better to be safe than sorry.