Specialised insurance for Tradies
Public and Products Liability insurance provides protection for amounts you may become legally liable to pay for compensation in respect of third-party personal injury or property damage, as a result of an occurrence in connection with your business activities. Master Builders can source high quality insurance protection against these claims and any approved legal costs incurred in defence or settlement of them.
Our team can also assist with other trade-related insurance including Commercial Motor, Tools Equipment & Machinery and Personal Accident & Sickness.
Cover options to suit you
Platinum Protection™ for Tradies is a policy designed for larger trade businesses with a similar insurance profile to a builder. The product offer up to $20M Public and Products liability protection for third-party personal injury or property damage, as a result of an occurrence in connection with your business activities, plus any approved associated defence or settlement legal costs.
There's also the option to add Australia-wide Plant, Machinery, Equipment and Tools coverage for the replacement value of insured items whilst on site, in locked premises outside working hours, in locked vehicles (including fixed toolboxes) and trailers, and for collision damage.
If you work as a Principal Contractor and are responsible for the contract works, you may also like to add the Platinum Protection™ Construction Works policy for physical damage and loss sustained to the contract work during its completion which covers events like storm, flood, hail, malicious damage.
Why you need it
Subcontractors who operate their own business should also take out their own public liability insurance. Unless there’s a specific provision in a builder's insurance policy, you are not covered.
On any building site, there can be a multitude of businesses in operation at any given time. Each business, including you as a subcontractor, should carry their own public liability insurance to cover claims against them, which may arise from the performance of their works.
We've got you covered
If you injure another person or damage their property in performance of your works and are negligent in any way, you can and probably will be held legally liable for damages. You can also be sued for third party personal injury or property damage that may arise from your completed works.
When you have a current Platinum Protection for Tradies Public & Products Liability policy, you are protected against this.
You’ll also be covered anywhere in Australia for:
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Your liability, whether caused by you, your employees or your subbies actions
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Your principal’s liability (in most cases, the builder or homeowner) whilst you are performing your trade works
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Legal costs incurred in defence of a public or products liability claim against you.
The Master Builders difference
We’ve been helping tradies with insurance for almost 30 years, so you can have peace of mind knowing you're getting expert advice and quality cover you can trust. You'll benefit from:
- Expert advice
- Extensive policy cover
- Competitive prices
- Monthly repayments (minimum premium amounts apply)
- Quick and easy process.
We can also help you with construction works and/or tools, plant and equipment insurance under the trusted Platinum Protection cover. Chat to our team today to find out which cover will benefit you, and how we can help.