When you compare different policies, price will understandably play a large role. However, it shouldn’t be the only factor you consider.
Why? Insurance providers often calculate a policy’s premium based on the risks they take on. By having more exclusions, they can reduce their risk – and offer a cheaper premium.
But as a consequence, you could be left with a policy that doesn’t deliver when your business needs it most.
To provide quality services, you need to prepare your tools and your job site before you start work. Similarly, you should also prepare your business for risks with the appropriate policy.
Be sure to review your product disclosure statement to check the cover meets your requirements.
Any questions? Our Trades team is here and happy to help.