Carpenter's Business Risks

Carpenter's Insurance Essentials

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With the day to day tasks and running of a small business, it can be hard to find the time to sit down and consider some of your most crucial risks and insurance needs. The resources below may be useful in identifying some of these.

Your carpentry risks

By understanding what risks you face, you may be able to better understand what insurance policies are most necessary for your carpentry business.

Your carpentry insurance needs

Anything can happen at any time while you’re performing your day to day activities. However, with the right insurance you can take away the worry and work confidently, knowing your business is protected.

Risk Examples for Carpenters

As a carpenter, you’re faced with a variety of hazards at work. However with day-to-day jobs at hand and the daily running of a small business, it’s hard to find time to sit down and consider some of your most vital insurance needs, counteracting the potential costs of these hazards.

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Public Liability

Carpenters have their own unique set of risks when it comes to third party damage or injuries. People and property surrounding your occupation will be at risk of a few common factors. And although visitors to sites may be limited at times, these are still relevant.

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Product Liability

As a carpenter you are providing a completed product to your clients. Your clients are relying on the fact that your product will last the test of time, with no troubles in the future. However, sometimes this is not the case. Therefore it’s important to consider Product Liability Insurance as part of your insurance package.

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Motor Vehicle

Your work vehicles, be they cars, vans, utes, trucks or trailers are essential for you and your employees to get to worksites, as well as transporting your carpentry tools and materials. Read on to learn more about how the right insurance may benefit your business.

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Complex risks for Carpenters

We recognise that running a small business can be complex. That is why we've partnered with a network of insurance advisers who can help assess your risks and suggest what cover will best suit your unique needs.

Find an adviser

Enter your suburb or postcode to locate an adviser near you today.

Business Interruption

Business Interruption insurance may protect your business from unforeseen insured events that get in the way of your business operating normally. It may provide a safety net to compensate your business for loss or income until it’s able to operating to the capacity prior to the insured event occurring.

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Need help choosing the right insurance?

We’re here to help you work out which insurance policy is right for your business. Our friendly CGU insurance specialists can answer all your questions, or you can turn to an insurance adviser for help in assessing your risk and working out the right cover for your needs.

We help Carpenters see it through

  • Who we are

    CGU is a leading commercial, rural and personal lines insurer and a top-three provider of workers compensation insurance. CGU insure more than 125,000 businesses and over one million motor vehicles.

  • Our history

    At CGU, we are proud of our 160-year history of supporting customers in their time of need – it’s how we’ve earned the level of trust we continue to enjoy in all parts of Australia today.

  • Claims

    CGU manages around 350,000 claims every year – nearly 1,000 claims every day – and we pay on average 98 per cent of all claims we receive. That works out at around $1.6 billion in support to our customers every year when they need us.

Making an insurance claim

At CGU we pride ourselves on our superior claims process and customer service. You can lodge a claim anytime – 24 hours, 7 days a week by calling 13 24 80. Follow the below tips to ensure your claims process is as seamless as possible.

  • What to provide when calling to make a claim

    When you call us to lodge a claim, you’ll be asked to provide: Your policy number or personal contact details, and the contact details of anyone involved in an incident, including their name, current address, vehicle registration details, phone number and insurance details if known. Any letters, notices or court documents about the incident, and the incident report number for any claims in relation to theft or attempted theft, vandalism or a malicious act (the police will provide you with this number when you report the incident to them).
  • How to help the claims process

    Taking photos of damage to your property and keeping damaged property and items, so we can inspect and assess the damage if required
  • How emergency repairs work

    If you need to make emergency repairs, please call us on 13 24 80 and we will arrange assistance through our repairer and supplier network

Make a claim over the phone

13 24 80

24 hours a day, 7 days a week

Or contact your broker

Meet one of our tradies

Mike was on the job at a customer’s house when a visitor tripped over and injured themselves on tools Mike had left in the driveway. The visitor sued Mike and he was ultimately held liable for the person’s injuries.

Luckily, the Broadform Liability section of Mike’s Business Insurance Policy meant he was covered for his legal liability to pay compensation for Personal Injury. It included the amount awarded to the third party and coverage for CGU’s costs to defend Mike against the claim.

These costs add up and without Liability Cover, the impact of Mike’s legal costs and court awards could have put him out of business.

Associations and Resources for Carpenters

As a small business or sole trader you will likely be looking for support or help in any way you can to try to enhance and grow your business. You’re definitely not alone in this case. There are carpentry and industry bodies that can help and can also give you a push in the right direction. You’ll find information, resources, collaboration potential and assistance.

Master Builders Association (MBA)

http://www.masterbuilders.com.au

This national association and its state associations, promote viewpoints and interests of the building and construction industry. They provide training, legal services, building codes and standards, industrial relations and other services.

Housing Industry Association (HIA)

http://www.hia.com.au

This is the largest building industry association in Australia with a national arm and state bodies. They offer a range of services to all with an interest in the housing industry, including carpenters.

Cabinet Makers Association (CMA)

http://www.cmda.org.au/

Since 1984, the CMA has promoted, communicated and maintained principles in the industry. They keep members up to date with the latest in regulations, resources and best practice in the cabinet making industry.

This website may contact links to third party websites. CGU does not make any representations as to the contents of any third party websites and expressly disclaims that it operates any third party websites.

Get a quote for trades insurance today

Our trades insurance is designed to cover the unique needs of tradies. Choose the level of cover that works for your business in just a few easy steps. CGU Trades Insurance covers you for:

  • Liability Insurance for onsite business protection
  • Tool cover with flexibility to add on site overnight storage
  • Portable Electronic Equipment cover for devices such as mobiles, tablets and laptops if they are stolen, damaged or lost.
  • Commercial motor vehicle insurance to cover your work vehicle or trailer
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