All Trades Cover is one Australian insurance company which was established with one aim: to provide competitive insurance for all trades Australia wide regardless of their size. They have partnered with Australia’s Largest insurer and come up with competitive products.
All Trades Cover provides tradies insurance for all contractors in around Western Australia. An Australia-based insurance company offering tradies insurance, Contractors Insurance, Life Insurance, Personal Accident and Illness Insurance, among many others.
To date, they are offering Public Liability Insurance, Tools of Trade Insurance, Personal Accident and Illness Insurance, Motor Vehicle Insurance, Workers Compensation Insurance, Home and Contents Insurance and their Trade Package Insurance policies.
The Public Liability insurance is usually the main component of atradies insurance portfolio.
It protects you if your work causes injury or property damage, shielding you from potentially crippling financial claims.
Extensive coverage
They are also offering such insurance types as Business Package Insurance, Professional Trade Indemnity Insurance, Contract Works Insurance, Commercial Vehicle Insurance,
Workers Compensation Insurance and Mining Contractors Insurance.
For their Trades, they have Carpenters Insurance, Electrician Insurance, Handyman Insurance, Lawn Mower Insurance, Plumbing Insurance, Roofing Insurance, Solar Panel Installer Insurance, Shop Fitters Insurance and Earthmoving Insurance.
Construction industry banner
Contract Works Insurance plays a pivotal role in the construction industry. It serves as a shield for construction sites against unforeseen events like weather damage, theft, or vandalism during the build process.
This type of insurance ensures that if a project faces setbacks due to these risks, you’re covered for the costs to repair or redo the work. It’s not just about protection, it’s about project continuity and financial stability.
Loss and theft
Most of the many tradies in Australiahave experienced theft at some time in their careers.
According to the Australian Bureau of statistics, an estimated 54,200 Australians have experienced the unfortunate event of robbery during 2021 to 2022.
In fact, a tradies’ worst nightmare is being a victim of theft. Not only can it be costly to replace stolen goods, it can also take time to find the cash to source new equipment.
Impact on productivity
Having lost your tools for work seriously impacts one’s productivity while certainly costing some serious money. The loss adds to the frustration ofclients needlessly stopping the work being done.
This is where it is advisable to have your tools (and property) insured with All Trades Cover.
Property and tools cover
Property and tools cover, also known as general property insurance, is a cover that protects your transportable work equipment in the unfortunate cases of accidental damage or theft.
The Tools insurance with All Trades Cover can offer peace of mind, financial protection and security.
You can have confidence knowing that you will be reimbursed for the cost of your tools or that your gear will be replaced, ensuring your speedy return to work.
Expense without the insurance
It is important that tradies need to insure their tools. They may not look expensive but most of them carry around thousands of dollars’ worth of equipment every day. If something bad happened to these, repairs and replacements have the potential to be very expensive.
With Tools of Trade Insurance, a tradie is securely protected financially. This will ensure that in the unfortunate event that you fall victim to theft or property damage, you can have your tools replaced easily. Consequently, our worker can get back to work faster.
More benefits
Not only does property and tools cover protect you financially from theft, it also insures thedamage to your work equipment if you were in a car accident. Additionally, in some cases it will cover you for fire and storm damage. In short, it’s an important insurance to have.
Even if you don’t carry larger or more expensive tools around going to work, a collection of smaller tools can really add up in cost if they’re stolen or damaged.
Making a claim
It is always a good idea of making a claim for property and tools cover right after the unfortunate event that you have suffered from theft, loss or damage of transportable items
When making a claim, contact our friendly team at All Trades Cover who will take over with minimal hassle.
Evaluation
We will evaluate how your tools and equipment were stored before paying out a claim. If the items were stored in a locked toolbox or within a locked vehicle, there must be evidence of forced or violent removal.
Usually this will be evident with broken padlocks or a smashed window. However, if the items were not secured, they may be considered as “open-air” and therefore will not be covered under tools insurance as they weren’t protected to begin with.
Property and Tools cover
At All Trades Cover, we offer tools insurance starting at a minimum of $5000 cover. The General property insurance covers the theft, loss or damage of transportable items.
This one could include the theft of your tools after a forced entry, damage to equipment after a fire, or damage which occurs after a vehicle accident.
Exclusions
Like all insurance, there will be certain exclusions. In the case of general property insurance, a common exclusion will be open air theft where a robbery occurs when tools are not properly secured.
There will also be a limit on the maximum amount that you can claim per item. There are some other circumstances where your items may not be covered such as intentional damage to equipment, general wear and tear, mechanical faults, flooding and theft by a trusted person.
Property and Tools Cover cost
The cost of the general property insurance will generally depend on the total value of the items that you wish to cover. This should include the type of cover you require.
If you have specialist equipment that you carry around with you, make sure that you mention this to see if you require additional cover. One of the most important things to remember is not to underinsure – take the time to get an accurate estimate of the value of your tools.
Also, make sure you record serial numbers for your tools, engrave them with your details and keep receipts as an extra safeguard.
You need to remember that each item big or small can contribute to the flow of your business every day. You can also go online and use our instant quote tool for your general property insurance quote. Alternatively, you can contact All Trades Cover.
Understanding the landscape of insurance for tradespeople is the first step towards robust protection. Comprehensive coverage isn’t just a safety net—it’s a crucial foundation for your business’s resilience and growth.
