Tools of the trade: Insurance for tradies
Whether you’re a chippy, sparky, brickie or other skilled tradie, it’s important that you’re covered in case the unexpected happens. Explore the AAMI insurance options available for tradies to help you find which type of cover works best for you.
Cover others with Public and Products Liability Insurance
A job site can be a busy, hazardous place, so it’s probably no surprise that Public and Products Liability is the top insurance claim for tradies, according to AAMI claims data. Public and Products Liability Insurance can cover the cost of compensation if your business or products cause personal injury to a third party, or damage to their property. For example, if a customer trips over a tool left on the floor and breaks their arm, public liability insurance can help cover you from liability.
Cover your wheels with Commercial Motor Insurance
Being out of action because your ute’s been banged up is money down the drain and a massive pain in the you know what. Having some form of commercial motor insurance can help cover you from a range of insured events, such as theft or accidental damage. Plus, with AAMI comprehensive cover, accessories in, on, or attached to your vehicle are also covered – this includes tow bars, bull bars, fixed GPS units, tools and toolboxes.
Cover your tools with Portable and Valuable Items Insurance
Having to replace damaged, lost or stolen tools can be a real setback. Not only is it tough to work without them, but they can be expensive to replace. That’s where portable and valuable items insurance can help. It covers you for accidental loss of, or damage to, portable or valuable items you carry with you while you work – anywhere in the world! This includes your work-use mobile phone or GPS, as well as that fancy new drill you’ve been showing off. Just make sure anything worth more than $2,500 is specified on your policy.
Other insurance types for tradies
AAMI Business Insurance offers a range of other covers for you and your business, including:
- Equipment breakdown
- Tax probe
- Money, and
- Property damage.
Check out the PDS for more details.
AAMI Business Insurance is issued by AAI Limited ABN 48 005 297 807 trading as AAMI Business Insurance. Any advice has been prepared without taking into account your particular objectives, financial situation or needs, so you should consider whether it is appropriate for you before acting on it. Please read the relevant Product Disclosure Statement before you make any decision regarding this product. The Target Market Determination is also available.