Tradies don’t just like their tools; they really love them.
Keeping tools and other equipment protected should be a top priority for tradies.
Sometimes, however, circumstances out of their control can lead to precious tools getting damaged or stolen.
Take this handyman*, who was using their chainsaw to cut down a decaying tree that had fallen.
While cutting through the deteriorated limb, it snapped prematurely and crushed the chainsaw. Thankfully, they had taken out Portable Equipment insurance† as optional cover in their Business Insurance Pack with BizCover.
Due to the unforeseen nature of the incident – which could be attributed to the decay of the tree – the insurer paid a total of $1,049.09 to replace the chainsaw. Talk about a weight off their shoulders!
On your guard
As well as being a blast to use, tools and equipment can be costly for most tradies and contractors to replace, and they are essential to carry out different jobs.
Equipment theft remains a massive headache for tradies Australia-wide, and incidental or malicious damage is an ever-present risk for any tradies using tools in the industry. If you add to that harsh Aussie weather conditions that could also damage tools and equipment, tradies have a lot of reasons to be protective of their stuff.
With this in mind, tradies may want to consider different types of cover to make sure they’re not out-of-pocket if they face an insurance claim.
BizCover has helped over 58,000 tradies‡ across Australia find business insurance on the go. Are you an on-the-go tradie? Visit here or give us a call today to get covered in minutes.