Get the cover that you need with our professional indemnity insurance for builders, plumbers, electrical contractors and any other trade occupation providing designs, advice or certification.
If you’re providing designs, advice, certification or providing written reports.there is a good chance that you need professional indemnity insurance.
As an insurance broker for tradies we regularly provide professional indemnity insurance for builders and other trade contractors that require it. Just because the principal contractor hasn’t asked you to supply a professional indemnity insurance certificate, doesn’t mean you don’t need it.
Speak with the team today and get the advice you need.
Professional indemnity insurance for trade contractors isn’t usually something that most tradies need however, tradies are no longer just building a project and finishing the job. Designs, advice, compliance audits and certification certifications are now regularly being provided. PI insurance is designed to cover the financial loss caused due to the negligence of your professional services. Common examples of tradies that require PI insurance:
The most common claim made under a professional indemnity policy is to cover defence costs for allegations made against your business. In reality, an allegation can be made against a business regardless whether it’s true or not. Unfortunately, as a business owner this costs you not only time, but usually also comes at a significant cost. Your PI insurance will usually provide cover for the costs associated with defending these allegations.
Time is money and every day that your business isn’t generating an income can be costly to your business. A professional indemnity policy will usually provide you with reimbursement for court attendance costs up to the sub-limit specified in the policy.
Most trade contractors rely heavily on sub-contracting companies to assist them in their business. If an allegation is made against you in regards to work that was completed by a subbie on your behalf then your PI insurance will usually respond to the claim on your behalf.
How can we help you?
We keep our processes quick, simple and affordable. If you want a quick quote straight away and don’t want the hold music, give us a call.
Would highly recommend, helped me organise my business insurance, was very knowledgeable and quick to answer all questions.
Got me the cover for my business, for about the same price as my current broker, but with the exception of the cover I needed. Much better value for money.
Reasonably priced and always available.