Insurance FAQ’S

The type of insurance carpenters typically have depends on how they operate and the work they perform. Common coverage can include Public and Products Liability insurance for third party injury or property damage, Tools of Trade insurance for tools and equipment, Commercial Motor Vehicle insurance and Workers Compensation if you employ staff. Additional cover may be needed depending on your contracts, locations and business activities.

Public Liability insurance is not legally required for carpenters in Australia, but it is commonly expected. Many clients, builders and principal contractors require evidence of cover before allowing work to start. Public Liability insurance is designed to cover a carpenter’s legal liability if a third party is injured or their property is damaged as a result of the carpenter’s business activities, subject to the policy terms, limits and exclusions.

Professional Indemnity Insurance is designed to cover claims arising from professional negligence, errors or omissions in the services you provide. While it is not a legal requirement for business mentors in Australia, it is commonly held by business mentors across Australia. Many clients, professional associations and booking platforms may expect you to hold current Professional Indemnity cover before engaging your services. Without this type of cover, you could be personally liable for legal costs and compensation claims. Speaking with an insurance broker can help you understand the level of cover appropriate for your circumstances.