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Tradespeople in Australia typically need public liability insurance (most contracts require at least $5M–$10M), tools and equipment cover to protect gear from theft or damage, and income protection insurance to replace income if injury prevents work. Builders and contractors also need contract works insurance for the projects they are working on.
While not universally mandated by law, public liability is effectively compulsory for any tradesperson working in Australia. Builder's licences, sub-contractor agreements, and domestic building contracts all typically require a minimum of $5M or $10M cover. Many principal contractors and builders will not allow uninsured subbies onto their sites. Sole trader tradies are personally liable for claims if they have no cover.
Tools and equipment insurance covers the cost of replacing stolen, damaged, or lost tools and equipment used in your trade. Cover typically applies to theft from your vehicle or on-site, accidental damage, and in some cases, loss. High-value items like laser levels, power tools, and specialist equipment should be listed specifically. Most policies have a per-item limit and a per-claim limit.
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