Being a chippy and working for yourself means you can enjoy the many perks, like the flexibility of being your own boss and the choice of a variety of working environments, whether on large commercial worksites or domestic jobs. Win-win!
Just like any tradesman, being a carpenter has its own risks, but with the right framework you can protect your business from the start with the right kind of business insurance.
No matter how long you’ve been in the carpentry game, mistakes and accidents can happen to anyone. The financial side effects of a claim could be enough to demolish your business, one which you may not be able to rebuild again.
Don’t leave it to chance - give your carpentry business the protection it deserves with Public Liability insurance.
When it comes to protecting your business, Public Liability insurance is one of the most important types of cover. It’s designed to protect your business from financial risks if you are found liable for causing accidental injury to a third party or damage to their property.
Before you pick up your tools, take the time to consider your responsibility for ensuring the safety of your workspace and minimising the risks for any potential claims to occur. If you are found negligent, it’s not only your back pocket that you need to worry about, but the potential damage to your reputation too.
Public Liability insurance can cover the costs when you need to defend yourself against a claim for property damage or accidental bodily injury. It will also pay any settlements which may be awarded, so that you can get back to business without devastating financial consequences.
Keep in mind that if your business hires sub-contractors, it’s important to ensure that they have their own adequate levels of cover in place as they may not be covered under your policy unless specified in the policy wording.
If you operate as a sole proprietor you can be held personally liable for accident, and risk that could cost both your business and personal assets if something were to go wrong.
Insuring your assets and your business are a smart move for when those unwanted challenges crop up and cause havoc. Business Insurance can keep your business running, even when the tools are down.
Portable Equipment: your toolbox is a treasure trove of valuable tools that help get the job done. Can you imagine trying to get through the working day without them? The struggle suddenly becomes very real and expensive. Portable Equipment insurance can the costs of replacing your tools if they are lost, damaged or stolen, so you can keep calm and hammer on.
As a tradie, your biggest asset to your business is your physical ability. Stop and think about how you would pay the bills if you were to injure yourself or fall ill which required taking off time to get well and recover?
Accidents happen to the best of us anywhere at anytime, even when you’re out playing a game of backyard footy on the weekend. Personal Accident and Illness insurance can assist while you’re temporarily out of action due to an accident or illness by paying a benefit of up to 85% of your income, with a benefit of up to $3000 per week.
Whether you’re just after Public Liability cover or the whole kit and kaboodle, we offer options to help protect your carpentry business at Public Liability Australia. We understand that no two businesses are the same, each with their own risks and individual insurance needs.