Whether you’re working as a sole trader or managing your own business, working in a trade is a physically demanding role where injuries & illnesses are an inherent hazard of the industry.
No matter how careful you can be in your day-to-day operations or in your everyday life, accidents can happen through uncontrollable factors.
A broken wrist can leave you off work for 2 months, whilst you’re not generating any income. To earn a living, keep food on the table & a roof over your head, you need an income. Here’s the question most trades don’t stop to think about:
What would happen if I got injured or become ill and can’t work?
No work on-site means no invoices to clients, and no invoices means no income and no income going into your pocket.
For a lot of tradies, time off from an adverse event can also put serious pressure on the financial viability of your business, are you able to float your business for 2 months without generating income? If you don’t, can you afford to pay bills you’ve fallen behind on or miss out or fall behind on current jobs due to time off.
We recommend to all our clients that they consider insurances that protect you during time sensitive, critical moments, if you don’t have anything in place already.
The good news is that there is a specifically built insurance which can be tailored to your own needs and can insulate you from during periods described above. This product is called Personal Accident & Sickness Insurance.
What is it—and why should you care?
Personal accident and sickness pay you your pre-injury or illness income if you cannot work due to an illness or injury, after serving a waiting period that you choose to suit your circumstances.
After your waiting period is served, you’ll then begin receiving payments from the insurer for a period of up to 1 or 2 years (You choose) Which covers your rent, mortgage, bills, groceries or whatever else you require. All that you need to keep your life running like clockwork.
The best part? You’re covered 24/7—not just on the tools, but anytime, Australia Wide.
Why this really matters for trades:
- You’re backing yourself: business owners often don’t have access to sick leave or WorkCover to fall back onto.
- Avoid distress: With money coming in, your peace of mind is secured.
How we can help
You’ve a savvy business owner with the skills to build and fix almost anything —but when it comes to handling insurances, let us handle the heavy lifting.
Our insurance brokers can help you over a quick conversation & set you up with a policy tailored to your personal needs:
- We help you figure out what level of cover suits your trade and setup.
- Make sure you’re with a reputable insurer that pays out when you need it.
- Know the fine print so you’re not left translating insurer speak.
- We manage your claims from start to finish.
Wrap-up
As a tradie, your body is your business.
If you can’t work, everything can grind to a halt, faster than you think. However, with the right insurance in place, you’ve gotten yourself a safety net. So, less stress, more stability, and the peace of mind to focus on getting back on your feet.
Chat to our brokers today about personal accident, sickness, or income protection insurance. It could be the most important tool in your kit that you don’t want to leave home without.
