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Construction & Trades Insurance
APS Financial Group Insurance Brokers delivers tailored construction and trades insurance solutions for businesses. Your project operations and trade activities deserve specialized coverage from experts who understand construction risks and liabilities with comprehensive coverage for financial stability.
Get a Quote NowFrequently Asked Questions
What insurance coverage is essential for construction and trade businesses?▼
Key coverage includes public liability, contract works insurance, tools and equipment protection, motor vehicle insurance for work vehicles, and personal accident cover for tradespeople.
Why is public liability insurance crucial for tradespeople?▼
This protects your business if your work causes property damage or personal injury to clients or third parties. Even minor accidents can lead to significant claims that could financially impact your business.
What does contract works insurance cover?▼
Also known as construction insurance, this protects building materials and work in progress against damage from events like fire, storm, theft, or vandalism during the construction period.
Are my tools and equipment covered if they're stolen from my vehicle?▼
Specialized tools insurance provides coverage for theft from vehicles, job sites, or your workshop. Many standard policies have limitations, so specific trade tools coverage is recommended.
Do I need insurance if I'm a subcontractor?▼
Yes, most principal contractors require subcontractors to have their own insurance. Working without proper coverage could leave you personally liable for accidents or defects in your work.
What is professional indemnity insurance for trades?▼
This covers financial losses suffered by clients due to your design advice, specifications, or professional recommendations. It's particularly important for trades providing design or consulting services.
How does personal accident insurance help tradespeople?▼
If you're injured and unable to work, this provides weekly benefits to replace lost income and covers medical expenses, ensuring you can focus on recovery without financial stress.
What are typical public liability coverage amounts for trades?▼
Most trades require $5 million to $20 million in coverage, depending on project sizes and client requirements. Larger commercial projects often mandate higher limits.
Are materials stored on site covered by insurance?▼
Yes, contract works insurance typically includes coverage for building materials stored at the construction site, but you should verify specific limits and security requirements with your policy.
What if I accidentally damage existing structures while working?▼
Many liability policies cover accidental damage to existing structures where you're working. However, some policies may exclude this, so it's important to confirm your specific coverage.