almost each kind of trade has individual insurance

In Australia, almost each kind of trade has individual insurance which is meant to protect the worker against problems linked with the place of work. So for instance a tiler might need specialist tilers insurance designed to secure them against accidents like falling from the roof, unintentionally damaging the structure of the roof whereas walking on it, and even placing the tiles on incorrectly, so that rainwater enter the property. All of these situations can mean problems for the tiler, however with a good tilers insurance policy, these are protected from having to pay something for these problems, allowing them to continue running their small business in spite of accidents and damage.

For every trade, then there is a sort of trade insurance that is directly pitched on them. Electricians, plumbers, contractors, carpenters and cleaners all have a totally different kind of insurance, with the policies fine-tuned to best reflect the types of work being done by these tradesmen, and also the types of risks that they might be subjected to. But, most kinds of trade insurance have a variety of basic 'ingredients' which are utilised to make the final specialist policy, and that can apply to any contractor within the building and construction business.

For instance, the best common all-inclusive policy in most trade insurance agreements is that of public liability. This is often not designed to protect the worker, but to insure that the customers are protected against any injury caused by the contractor. This would assist to relieve the contractor of any private risk of getting sued by his former employer, and would also guarantee that he doesn't need to dig into his own savings to pay any compensation. Both of these factors are more important to the small-business worker.

Trade insurance will also usually include a policy that is meant to manage the risk of injury to the contractor. With tilers, this would clearly include the risks inherent in working on the top of a building and the possible for falling, or having mishaps on the roof that need medical intervention. This personal insurance could even be catered to cover work tools, notably if they are being kept in a van, or kept on location. Tools are easily carried away, and this makes them a target for thieves. There is also the potential for larger equipment to be vandalized, or to stop working during use. No matter how you lose your tools, the insurance policy can be utilised to get new items, permitting you to get on with your work.