If there is one thing that we can rely upon here in Australia, it is the fact that if given the opportunity, there are people out there who will try to take advantage of your situation in order to be able to enrich themselves with the minimum amount of effort. There are opportunist thieves and professional thieves everywhere and so you must always be constantly on your guard to make sure that you protect your livelihood and more importantly, you protect the tools that you have accumulated over the years. Due to the fact that you have bought all of your tools over time, you probably do not have a firm appreciation of what they are currently worth but believe me when I tell you that we are looking at tens of thousands of dollars.
This is why you always need to make sure that you have tradie business insurance because if you don’t have such a thing in place then you’re really taking a chance with the business that you have worked hard to make a complete success of up until this point. Everyone thinks that it won’t happen to them but there will come a time when someone will steal all of the tools from the back of your van and you will be sick to your stomach because you didn’t take out the essential insurance that all professionals should have. If you’re thinking that this is an unnecessary expense then the following are just some of the reasons why you need to protect your business and your tools from theft and other things.
- Equipment gets stolen – You need to look at this from a risk and reward situation because a thief knows that if they are caught trying to steal tools, they will serve a very low amount of time if at all. This gives them a greater incentive to try to steal what is yours and so if they know that there are expensive tools in the back of your company vehicle then they will do all that they can to get a hold of them. You rely on your tools and equipment every single day to be able to make a living and provide for your family and so it doesn’t make sense to take chances with such an important thing and so think about how much protection you need.
- Equipment gets damaged – You need to stop for a moment and think of the cost of replacing any of your tools if they get damaged while doing your work or maybe they get knocked over by another contractor. Whatever the reasons, if you don’t have the essential equipment that you need to perform the work then you’re in a situation that is going to cost you both money and customers. Having the right insurance in place covers you for all eventualities and so having it in place will allow you to replace your tools and equipment as soon as possible.
Anything can happen when you are working on a construction site and so you need to do whatever you can to make sure that you don’t have to put your hand in your wallet to buy new equipment every time it gets damaged or stolen.
