Trades Insurance is a specialised policy designed to provide cover for tradies.
The sections that can be selected are:
Public and Products Liability This covers your legal liability against injury to others or damage to their property. This can also include liability arising from product defects.
Computer and Electronic Equipment This covers loss, damage or breakdown of computers and electronic equipment.
General Property This cover is primarily designed for property (excluding stock) which is moved around, like tools, mobile phones or professional equipment. Optional extensions include:
Theft of property located in the open air
Theft without forcible or violent entry
Motor Vehicles Covers you for business vehicles and mobile plant used to operate your business.
Burglary Covers you from an unknown person breaking into your premises or the premises you are renting and stealing your stock, contents or equipment.
Money Covers money being stolen from your premises.
Tax Audit Provides cover for the cost of professional fees resulting from an audit or investigation which relates to you paying tax.
Fraud and Dishonesty Provides cover for you against loss of money caused by fraud or dishonesty of your employees.
Machinery Covers breakdown of cash registers, cool rooms, display fridges or air conditioners.
Glass Covers breakage to shop front windows, glass shelving or display cabinets, sign writing and advertising signs.
Business Interruption Covers the loss of income to your business following loss or damage, such as from a storm or fire. If you are no longer able to trade because of this damage, you can continue to receive cash flow to ensure you continue to meet financial commitments such as rent, wages, rates.
Reviewing your business with your insurance broker will help determine which of these sections suit your individual requirements – not all businesses will require cover from all available sections of the policy.
Find out what Austbrokers Countrywide can do for you.
For an obligation free insurance review, talk with one of our specialist brokers today to find out more.