These are crazy times we’re living in, huh? With such unprecedented things happening, it’s easy to get a little panicky and make some knee-jerk decisions. But if there’s one thing we can tell you (not just from an insurance perspective but also because we’re tradies ourselves), it’s really important to keep your insurance in place right now. Here’s why.
Your stuff can still get stolen
During times of crisis, crimes like theft tend to go up because people feel more unstable and are more reckless with their actions – we’ve actually had a few of our clients have their tools and vehicles stolen already and we’re only a couple weeks in! Even though most of us are at home during this time, doesn’t mean someone can’t be opportunistic and nick your prized possessions!
Things can still go pear-shaped
Whether you own a business or not, damage can still be done to your premises or your assets. Electrical fires, flooding from burst pipes and other damaging events can still happen, even when you’re not there, so it’s important to make sure you’re still covered in case anything goes wrong!
People can still take legal action
It might be a job you’ve recently finished where some damage was done, or those burst pipes might have flooded the neighbouring building – whatever it is, you’ll still need to be covered for things like public liability, just in case. When you or your business is laying low and not making much money, the last thing you need is a lawsuit on your hands.
But what if you can’t afford it?
We totally get that this time is tough for everyone, but that’s why there have been some great initiatives put in place so that you can still keep yourself above water and maintain your insurance so you don’t get any nasty surprises during this time.
There’s the government wage subsidies for business owners and their employees, and contractors and self-employed people, and many of the major banks are offering mortgage repayment holidays too.
Stay safe team!