Why Do Tradies Need an Insurance Broker?

Why do tradies need an insurance broker? Let's face it, a good insurance broker can save you a lot of headaches. It's easy to buy the wrong cover when you don't know what to look for. If you don't use an insurance broker, you might end up with cover that doesn't fit your work and miss out on important benefits that a policy could offer.

You'll get help comparing policies

A broker can approach insurers, compare the insurance policies they offer and help you choose one for your business. A broker can explain the options the insurers they approach offer and help you weigh them up.

Policies change over time

Insurers change their policies over time. Ask your broker at renewal what has changed.

It streamlines the process

Many a tradie has had to fill out the same forms and provide the same information to insurers over and over again. When you have an insurance broker, they take care of much of this for you. They'll get in touch with insurers and ask them for quotes, and they can raise your questions with the insurer for you.

The same goes for queries about paying premiums and the other admin tasks that come with getting insured. Your broker is there to help, so you spend less time chasing it yourself.

You'll understand the cover you have

An insurance broker will compare policies from different insurers and can explain the kinds of cover tradies in your line of work usually carry, then help you choose. This means that when something happens and you need to make a claim (and trust us, things do happen), you'll know what your policy covers and who to call. If you need to claim, call your broker. At Tradies365, we manage your claim with the insurer from start to finish. The insurer decides whether it's paid and how much.

You can ask about a package

Some insurers offer package policies, and a broker can ask about them for you. They can make your cover simpler to manage, and the broker can help you choose the parts that fit the specific risks of your business.

A package is an insurance policy that includes a number of different types of cover in one policy. For example, if you run a plumbing business and need public liability insurance, but also want cover for damage caused by fire and theft, it can make sense to get all three types of cover under one policy from one insurer instead of buying them separately from different insurers.

Will it cost me more to use an insurance broker?

It depends on the policy and on how the broker is paid. Our Financial Services Guide explains the services we provide, how we are paid and how to make a complaint. Many tradies shop around and compare quotes before committing to a policy, and a broker can do much of that legwork for you. A broker can work with you to bring your tradie insurance together in one place and keep track of your renewals. Contact us or get a quote.

An insurance broker can help tradies choose cover and save time

Insurance brokers work with insurance every day. This means they can explain the policies tradies commonly carry and ask insurers for quotes on a policy for your work. For example, if you're a bricklayer, a broker can ask insurers for quotes on cover for your tools and equipment, and for injuries on the job.

While it might seem like an extra layer of work for you, we don't think using an insurance broker is anything to be worried about. In fact, with a good broker, you can save time and get help choosing cover for your business. There are lots of benefits to using a broker, especially when it comes to business insurance for tradies. If this sounds like something you could use, then get in touch with us today!