Trades People
You're a tradesman. You insure your ute, your tools, and your house. Have you insured yourself? What if something went wrong with you? What if you couldn't work due to an injury or illness? How will you cope if you broke a leg or wrist, or if you got sick? In most cases, you'll be stuck at home with no income. What about your family?
A simple solution would be to take out an income protection policy. Income protection is a must for all tradesman, and on many worksites it is a requirement to have such cover in any case.
Income protection is exactly what it sounds like – protection for you, and your family, if you suddenly find yourself unable to work and unable to cover the bills. Income protection pays you a monthly amount directly to you while you are unable to produce an income due to illness or injury. By replacing your regular income, Income Protection payments can help you and your family maintain a level of financial normality.
Income Protection gives you the financial freedom to focus on your recovery or treatment, without worrying about regular expenses.
Income Protection policies are very flexible and can be tailored to suit your individual and family circumstances.
Be careful shopping for this type of cover based on price. As a tradesman you don't buy cheap tools, because you need to be able to rely on them to perform. Cheap tools will let you down. An insurance policy is the same. There are many cheap policies available, but these too can let you down when you need them most.
There can be a misconception that you either don’t need cover, or that the insurance company won’t pay anyway. In both cases this is not true. Latest statistics show that in 2009, the insurance companies across the board paid out over $735 million in income protection claims in Australia. This does not include policies claimed through superannuation.
If you want to get covered with minimal hassle, give us a call.
