Insurance for Trades Workers
General insurance guidance for trades workers considering how to manage the financial impact of illness or injury.
Trades workers — including builders, electricians, plumbers, carpenters and other trades professionals — generally rely on physical capability to earn an income. As a result, personal insurance is one way some trades workers consider managing the financial impact of illness, injury or permanent incapacity.
Default cover provided through superannuation is generally issued at a standard level and may not take into account an individual’s personal circumstances or occupation. Comparing options across the market can help you understand the different types of cover, features and benefit levels available.
How we work with trades workers
Income protection considerations
Income protection is one of the more commonly considered cover types for trades workers, given the reliance on physical capability to earn an income.
Total and Permanent Disability (TPD) definitions
We can explain the difference between ‘own occupation’ and ‘any occupation’ Total and Permanent Disability (TPD) definitions, and how they may be relevant for trades workers.
Tools and equipment finance
Where personal liabilities exist on tools or vehicle finance, these can be relevant when considering the level of personal insurance.
Trauma considerations
Trauma cover is a type of insurance designed to provide a lump sum benefit upon the diagnosis of certain specified medical conditions or events. Trades workers may consider this type of cover as part of their broader insurance arrangements.
How we work with trades workers
We aim to keep the process simple — typically a single initial phone call to understand your situation, followed by clear options and assistance with paperwork.
Occupation classification can vary between insurers and is one of several factors that affect premiums. Comparing across the market can help identify suitable cover at a competitive premium.
We aim to explain policy terms in plain English so that you can make an informed decision.
Cover Options for Trades Workers
We help trades workers find the right combination of cover from these four types of insurance.
Life Insurance
A lump sum for your family if you pass away or are diagnosed with a terminal illness.
Learn moreIncome Protection
Replaces up to 70% of your income if illness or injury stops you from working.
Learn moreTotal Permanent Disability (TPD)
A lump sum if you become totally and permanently disabled and can no longer work.
Learn moreTrauma Insurance
A lump sum on diagnosis of a critical illness like cancer, heart attack, or stroke.
Learn moreCommon Questions from Trades Workers
Ready to Protect What Matters?
If you would like to understand the personal insurance options available to you as a trades worker, you are welcome to book a free, no-obligation conversation.
* Statistics and figures referenced on this page are sourced from Rice Warner Underinsurance Reports, ABS Lending Indicators, ASFA, and industry publications. Figures are approximate and individual circumstances vary.