Understanding exactly what type of business insurance you need is key to protecting you and your business.
Whether you’re an individual tradie or you run a larger carpentry business, working as a carpenter involves a level of risk so having the right type of business insurance in place is essential for your safety and peace of mind.
As a carpenter or joiner, your work probably involves constructing, repairing and installing structures and fixtures made of wood and other materials. You might use tools in your work to cut, shape and fit timber parts to form structures and fittings. With this sort of work comes the risk that you or someone else could be injured, the damage could occur to someone’s property, or your tools could be stolen.
Phoenix Insurance Brokers can take care of all your carpenters’ insurance needs and provide advice on the type of insurance that’s best for your business.
Some types of insurance are essential for carpenters, and some are recommended.
The type of insurance you’ll need, whether Public Liability or Personal Accident insurance will depend on the type of work you’re involved in, the building sites you work on and the construction companies you do work for.
Many of these sites, especially the larger ones, will have mandatory insurance requirements for self-employed carpenters.
If you operate your business in WA, NT, QLD, NSW, ACT, VIC, TAS or SA – our carpenter insurance brokers can help. Get A Quote »
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At Phoenix Insurance Brokers, we know insurance can be complex and challenging. That’s why we work alongside our clients to make sure they have the best level of protection in place. And as a valued Phoenix client, in the event of a claim, we always go the extra mile to ensure all entitlements are received. Phoenix understands the type of insurance carpenters need yet they also know every carpentry business can be different. That’s why your Phoenix broker will work with you to tailor a comprehensive insurance policy to suit your particular needs. Your Phoenix Insurance Broker knows and understands the risks involved in the carpentry trade. You can rest assured they will work with you to make sure you have the right insurance cover in place.
Insurance is complex. Knowing which policies to choose from to protect your business involves specialist knowledge. Phoenix Insurance Brokers has been providing insurance advice to Western Australian small and medium-sized businesses for more than 30 years. We have the knowledge and experience to know what you need to protect your small business and our service is second to none. We also know you’ll love our friendly and highly qualified team.
Using Phoenix Insurance Brokers Perth gives you access to economies of scale and insurance packages that have been specially developed through our alliance with the Steadfast Group, Australia’s largest insurance broker cluster group. Our Steadfast alliance ensures our clients receive Phoenix’s signature personalised service together with the benefits of Steadfast’s impressive buying power.
Phoenix can assist with all your general insurance needs including accessing and reviewing your insurance, full claims management, arranging premium funding and risk management.
Not only will your Phoenix Insurance Broker help you decide which policies are right for your business, they can also package multiple policies together so you only pay one premium that you can spread out over a year (to assist with cash flow). Your Phoenix Broker will also work with you to make sure your insurance changes as your business changes, so you’re only paying for what you need or you’re adding cover as your business grows.
We’re here to assist you every step of the way. With three locations throughout the state in Como, Busselton, and Broome, one of our branches is local to you. Our head office is in Preston Street in Como. Our Broome office represents our clients in the state’s North-West while our Busselton office has been servicing our clients in the South-West for almost 20 years. We also cater to clients in the Rockingham and Peel regions.
Insurance can be complex.
Often you think you’re doing the right thing by taking out a particular policy, only to find you’re not adequately covered for a scenario when it comes to making a claim. This can be costly, time-consuming and frustrating. As experienced insurance brokers, Phoenix can work with you to ensure you have the right policies in place to protect your business so that if the worst happens you can get back to work as soon as possible. With Phoenix, we take care of the details, giving you peace of mind and leaving you to get on and do what you do best.
Some people dream of running their own business but that doesn’t mean there aren’t challenges and risks along the way and a lot of hard work. While we can’t help run the day to day, we can put you on the right path when it comes to insurance. Having the right insurance in place is essential to protecting your carpentry business against unexpected challenges.
Sifting through the myriad policies on the market and knowing what policies will best protect you can be a minefield. That’s when an experienced insurance broker, who can guide you through the maze and explain the pros and cons of insurance, can be helpful. Having the right insurance in place can make all the difference to your bottom line. Without it, you’re taking a massive financial risk.
Whether you’re a chippie just starting out, an established builder, or a larger carpentry business that needs a full brokers service, we can help.
Below are some of the different types of insurance you need to consider for your carpentry business.
Public Liability Insurance is an important type of cover for carpenters.
Carpenters’ Public Liability insurance can protect you if you injure a person or damage their property through negligence. Things can go wrong on jobs for even the most skilled carpenter, and it might not be your fault. Perhaps while you’re installing a wall and a window shatters, or in the worst scenario, someone falls off a construction site and is killed. Public Liability insurance can cover you for expenses incurred from a third-party claim against you, including legal costs, fees, and other expenses.
Even if you are subcontracting to another carpenter (or carpentry company) you could still be responsible in the event of a claim, which makes Public Liability insurance a must.
Public Liability insurance won’t cover you for claims or injuries by your employees. To protect against this sort of scenario, you’ll need Workers’ Compensation Insurance as a part of your overall carpenters’ insurance policy.
Tool theft is an all too common and frustrating reality for many tradies. If your tools are stolen or vandalised, you can’t work so insuring them makes sense. It also means you’ll be able to get back to work sooner than later.
Tools Insurance can also cover you for loss or damage due to fire, or damage caused in a vehicle accident. Tool insurance can provide you with immediate funds to buy a new set of tools, allowing you to get back to work without having to rely on cheap, temporary replacements.
Taking out a Trades Insurance policy for your tools can be an affordable way to secure them. To give an idea of what you’ll need to pay, $5,000 of cover costs around $300 a year.
To make a tool insurance claim, you’ll need a police report, receipts for your lost tools and quotes to replace them.
As an individual tradie or subcontractor, you’re not entitled to paid sick leave, and in many cases, Workers’ Compensation Insurance.
This means it’s important to protect your income and your livelihood. Personal injury insurance or Income Protection insurance as it’s also known covers your income when you can’t work in your trade due to sickness or injury. Income protection can replace a large percentage of your income if you can’t work for a period of time.
If your carpentry business grows and you form a company and employ staff, you’d be well advised to consider Management Liability Insurance.
Your Phoenix Insurance Broker can discuss this type of insurance with you as your business grows. In our experience, many trades based business owners is sorely underinsured with only basic Public Liability Insurance in place that doesn’t suit their growing business.
Your business is your asset, so it’s essential to make sure it’s protected and insured against all risks.
Workers’ Compensation Insurance is compulsory insurance cover in Australia required by law. This insurance is designed to cover the cost of an employee injury or illness related to their work, including if they are injured while working offsite.
Even with the best safety planning, there can be a range of hazards on a job site and accidents happen. Hazards for carpenters include working at high heights; eye injuries from sawdust; lacerations and amputations from saws, levels, sanders, and other hand tools, and joint injuries.
If you employ other workers, each of them will need to be covered by appropriate Workers’ Compensation Insurance. Without this cover as a part of your carpenters’ insurance, your business could face large government penalties, as well as liability for medical bills and other expenses.
A common question we get asked is ‘do carpenters need Professional Indemnity Insurance?’
The answer is simple: if you provide advice or deliver a service that you charge for you should strongly consider Professional Indemnity Insurance.
As a carpenter, you’ll be advising on carpentry related issues. There’s always a possibility that the advice is problematic for one reason or another, which can cause someone to suffer a loss and a claim for compensation can be made against you.
It’s highly recommended you protect your business against the costs of any claim and in particular the legal costs to defend any claim made against your business.
Starting your own carpentry business can be a big step forward. You know you’re going to work hard because it’s your business and the work you put in should mean you see the rewards. Whether you’re starting a business, or you’ve been working as a chippie for a while and you know you need to get on to sorting out your business insurance, Phoenix Insurance Brokers can guide you every step of the way.
Now that we’ve covered the basics and some insurance options for you to consider, why not get in touch with your local Phoenix Insurance Broker today to talk about how we can help you safeguard your carpentry business.
While insurance is our business, our philosophy is about people and building strong, solid relationships with them. We partner with all our clients to achieve the best possible outcomes, for them, their families, and their businesses.
Common types of insurance taken out by carpentry businesses include Public Liability Insurance, Professional Indemnity Insurance and Tools Insurance. If you employ staff, Worker’s Compensation Insurance is mandatory. There are many policies on the market from which to choose. Your Phoenix Insurance Broker can tailor a policy specific to your carpentry business needs.
You must have Workers’ Compensation insurance for anyone you employ in your carpentry business including full-time workers on a wage or salary, part-time, casual, and seasonal workers. This is mandatory insurance in Australia.
In the event, you need to make a claim, get in touch with your Phoenix Insurance Broker and we’ll guide you from there. Remember that we work for you, not the insurance company. Whether you need advice, you need to make a claim or change your policy, your Phoenix Broker will take care of all your carpentry insurance needs.
Yes, you can make changes to your carpentry insurance policy. If things change, like your address, or your business grows and you employ more staff, and you want to make sure your insurance still covers you, simply call your Phoenix Insurance Broker on (08) 9367 7399 or email us at info@phoenixins.com.au.
Your carpentry insurance renewal offer will be sent to you prior to the renewal date. Once you are happy with the details (taking into account any changes in cover and price), all you’ll need to do is pay your renewal by the due date. Your Phoenix Broker is there to discuss with you at any stage of the renewal process.
It’s up to you! Your Phoenix Insurance Broker can work with you to not only bundle your insurance policies into a package that’s tailored to your carpentry business requirements, they can also help you to manage your premiums by showing you how you can pay them monthly to assist with cash flow or if you prefer, paying them annually. Phoenix is your carpentry insurance broker!
For all your carpentry business insurance needs and questions, contact us on (08) 9367 7399 or at info@phoenixins.com.au. You can also view our full contact details and locations.
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