[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]As a tradie, getting your insurance sorted correctly is paramount. The last thing you want is for your claim to be denied because you didn\u2019t have the right cover, or you undervalued one of your assets. If you reckon you need to double check your cover, get in touch with the pros here at Cactus – we can make sure you avoid the below pitfalls!<\/p>\n

Miscalculations in your sum-insured<\/strong><\/p>\n

Imagine that you head to your locked shed to grab your tools for work, only to discover that some opportunist has broken in and stolen them. You make a claim, but you\u2019re only compensated for the much lower amount you set when you took out your cover and you have to cough up the rest to replace your tools. Not ideal.<\/p>\n

Undervaluing assets is one of the most common errors tradies make when it comes to insurance. Although you might have got it right in the beginning, if you\u2019ve upgraded your tools or added more to your collection since but haven\u2019t updated your cover to reflect these changes, you could be more out of pocket than you\u2019d like!<\/p>\n

Mixing business and personal<\/strong><\/p>\n

Some private insurance policies may not cover damage\/loss to your personal vehicle or tools if they are used for work purposes at the time of the incident.<\/p>\n

For example, you\u2019re heading to work in your truck that\u2019s got all your tools in the back. You get into an accident and need to claim on your personal vehicle insurance for the repairs on your truck. You put in a claim, only for it to be denied because it\u2019s determined that you\u2019re using your vehicle for work purposes given that you\u2019ve got your tools inside.<\/p>\n

It\u2019s very frustrating when this particular thing happens, they\u2019re your tools and it\u2019s your personal truck so why wouldn\u2019t your personal vehicle insurance cover it? To stop yourself being caught out, make sure that if you will be using your personal vehicle to carry tools or for other work purposes, you get commercial cover sorted.<\/p>\n

Not having faulty workmanship cover<\/strong><\/p>\n

You\u2019re working on a job and one of your team causes damage to a window while sanding the frames. No problem, you\u2019ll just claim on your liability insurance. But your claim is denied because you don\u2019t have a faulty workmanship extension in place.<\/p>\n

Any number of things can happen on site and it\u2019s important that you\u2019re covered for every possibility, no matter how unlikely. What might not seem like that much of a priority now could be an issue later on (Murphy\u2019s Law and all that). Make sure that you know exactly what your insurance policy covers you and your team for and that you add on any extensions you might need.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row el_id=”related-post”][vc_column][vc_custom_heading text=”Related articles” font_container=”tag:h2|text_align:center|color:%2313143e” use_theme_fonts=”yes” el_class=”title my-5″][vc_basic_grid post_type=”post” max_items=”4″ element_width=”3″ orderby=”rand” item=”918″ grid_id=”vc_gid:1599601491167-0aa26ebf-a6e0-6″ el_class=”related-posts mx-auto mt-3″][\/vc_column][\/vc_row][vc_row][vc_column][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

[vc_row][vc_column][vc_row_inner el_class=”container”][vc_column_inner][vc_column_text]As a tradie, getting your insurance sorted correctly is paramount. The last thing you want is for your claim to be denied because you didn\u2019t have the right cover, or you undervalued one of your assets. If you reckon you need to double check your cover, get in touch with the pros here at […]<\/p>\n","protected":false},"author":1,"featured_media":3815,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[8,9],"tags":[],"class_list":["post-3811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-claims","category-insurance"],"acf":[],"yoast_head":"\n