Compare business insurance quotes with Savvy to find the best policy for tradies and handymen.
Fact checked
We’ve partnered with BizCover to bring you a range of business insurance policies to help you compare them side by side.
Whether you’re a carpenter, electrician, plumber, gas fitter or general handyman, having the right business insurance is vital to make sure your work is covered. As a tradesperson, you know all too well that however careful you may be, things can and do go wrong, sometimes due to factors completely out of your control.
You can compare quotes for a range of different business insurance types here with Savvy. Just answer a few simple questions about the work you do and the insurance you need and you’ll have multiple quotes from a range of respected insurers to consider instantly. Use our quick and easy comparison service to make sure you get the best insurance cover for a tradesman today.
There are several types of business insurance you should consider as a tradie or handyman, which include:
Public liability insurance
Public liability insurance is a must-have type of insurance for all tradies and is compulsory on most building sites. It'll also offer you protection if you undertake work directly for the public or offer your services as a contractor. It can cover you against claims that you or your work caused injury to a member of the public or accidentally damaged their property. This insurance is available for amounts between $5 million and $20 million, depending on your personal requirements or the level of cover required by the site you are working on.
What it covers:
General business insurance
General business insurance may also be worthwhile if you have tools, portable equipment and stock to protect. Business equipment insurance, which includes all-important protection for portable assets, is typically offered as part of a commercial package, offering a variety of types of cover bundled into one policy. For example, you can get public liability and business theft insurance in one business policy bundle. Having a package to cover all your business insurance needs can be an easier option than having several different insurance policies and it can make your life simpler if you do need to make a claim.
Commercial vehicles aren’t included in a business insurance package, so you may need separate commercial vehicle protection for your work ute.
What it covers:
Professional indemnity insurance
Professional indemnity insurance is another form of cover you may wish to consider as a tradie, depending on the type of work you undertake. It covers you against claims that the advice, recommendations or service you provided were either wrong or negligent. This type of insurance can offer you protection against many types of claims, including:
Cover starts at $250,000 and goes up to $10 million or more.
What it covers
Personal accident and illness insurance
Since you rely on your physical fitness to be able to do your job, taking care of your health should be a high priority for all people who earn a living working with their hands. Accident and sickness insurance can provide cover for you if you become sick and are unable to work, with a weekly replacement income available if you can’t work as a result of an accident or injury.
What it covers:
Optional extras can include:
What isn’t covered under business insurance for a tradie or handyman?
The most common general exclusions include:
There is no set cost for an insurance policy, as each applicant is different and faces unique risks. Many factors can influence the cost of business insurance, including the following:
The main factor which will affect the cost of your insurance is the industry you’re in. All businesses in Australia are classified according to the risk their industry poses, and are allocated a risk ratio. These ratios are used by insurers to calculate the comparative risk of any one business compared to another.
You can find out how much business insurance will cost for your work as a tradesman by comparing quotes right here with Savvy. Whether you need insurance for yourself as a tradie or as an electrician, you’ll be able to find a policy that is perfect for your business needs right here.
You worked hard as an apprentice and in the years following as you built up your skills as a qualified tradie. You may have started your own business, and spent years building up a good reputation as well as a loyal customer base, so you’ll want to protect your business and your reputation if things go wrong. Business insurance is there to offer you protection and the peace of mind that comes with knowing you’ll be able to make a claim if the unexpected does happen and is covered by your policy.
Most small to medium-sized businesses have some contingency funds to fall back on, but they’re rarely sufficient to cover the cost of a major catastrophe. For example, if your work ute was stolen with all your tools in it, you could find yourself unable to earn an income until you had the money to replace them. If this happens and you have adequate insurance to protect you, you’ll have a much better chance of recovering and getting back on your feet quickly.
Find the best possible insurance coverage for your business quickly and easily here with Savvy's 100% free comparison service.
With multiple trusted insurance partners across the country, you can enjoy high-quality online comparisons all in one place right here.
Skip the hassle and save time and money by comparing with Savvy to get instant online insurance quotes for convenient comparisons.
Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
