Why it’s necessary to have carpenters insurance

Carpenters work amongst sharp edges, power tools, hammers, nails and heavy equipment. While you wouldn’t step on to a worksite without the right carpentry training and experience, similarly you shouldn’t step on to a worksite without the right insurance.

What insurance do I need as a carpenter?

If there two main types of insurance you need to get in place for your carpentry business before it expands; public liability insurance and tools and equipment insurance.

Public liability insurance for carpenters

Working with carpentry equipment it’s imperative to exercise the right element of caution. Nevertheless the biggest risk a carpentry contractor faces is accidental damage to a third party or to their property during your work. If whilst working on a property you caused some damage to a heritage listed facade for instance or another part of the property, you would be liable for the cost of the damage. Or worse, if a client tripped over some ill placed equipment or an incorrectly fixed piece of wood fell and it someone, you would be liable for the costs of their medical bills and potentially the loss in wages they may incur for time off work related to the injury, not to mention legal costs.

Such an incident can be very damaging for a carpenter’s reputation, with so much carpentry work received through positive referrals, so it’s important to deal with any issues or accidents in a timely manner.

Public liability insurance protects carpentry business owners with cover against damages to someone’s property or any injury to a member of the public or a client as a result of your working operations. With insurance in place you can resolve issues as quickly as possible so you can get back to the job at hand and maintain your reputation as a quality carpenter who takes care of their clients.

Tools and property insurance for carpenters

As a contractor, your tools and equipment are the most important things to have with you on the job. Carpenters make a large investment in circular saws, drills, customised toolboxes and other equipment. At any one time you have a large amount of timber and materials for the job you’re doing. If you were to find that some of your tools or equipment had been accidentally damaged or worse still that something had been stolen, it would cost you a lot of money to replace them, cash flow most contractors don’t usually have. Tools and property insurance covers you for accidental damage, loss or theft of your carpentry tools and materials and equipment so if something does happen to some of your property, you’re able to replace it quickly and without a costly hassle.

To arrange your public liability insurance, tools and property insurance and get your carpentry business covered, contact the expert team at All Trades Cover on 1300 826 850 or get a quick and simple online insurance quote today at www.alltradescover.com.au