If you’re a tradie, you know that insurance is pretty important. You’ve probably already got it sussed (and if you don’t, get in touch with us!) but do you know exactly what you’re covered for? There are a few important things that you need to be aware of with your insurance so take another look, or better yet, get one of our team to chat it through with you!
Faulty workmanship
So you probably won’t want to think about this one because you’d like to think the work you’re doing is up to scratch. But things happen and mistakes get made, so it’s important to make sure you’re covered if things go pear-shaped. If you do end up with a faulty workmanship problem, this isn’t typically covered by your run-of-the-mill liability policy, so make sure that you get it included in there ASAP!
Excesses
Excesses aren’t quite as black and white as you might think – the amount of your excess can depend on a few things, including what kind of tradie you are and what kind of work you do. If you’re working in a role where there’s likely to be more damage caused than other roles, your excess might be higher. If you don’t know what yours is, or you want to look into it further, grab your policy and get an expert to help you out.
Subbies
This is one we’ve mentioned before because it can get confusing – you need to make sure that your subcontractors have their own public liability insurance or they’re covered under your policy if you’re the main contractor. Your subbies should really have their own cover, and if there’s nothing in place to protect you both, don’t let them on site!
Vehicles
It’s a good idea to check out how your wheels are covered. If you’ve got your own private vehicle insurance and you’re using it for work, you might not be covered if anything happens because it’s not meant to be driven for commercial use. You might also have issues if you carry your tools in your private vehicle even though you’re just driving it to and from work – any claim you make if they get stolen might not be approved because it’s technically work-related.
Thinking you should probably check out what you’re covered for now? If you’re with us already, give us a call to discuss what you’ve got and if you need to add anything. If you’re not, give us a call anyway and we can see if we can score you a better deal! After all, we’re tradies ourselves!