Urban Insurance Pty Ltd

07/01/2025

Recent reports are showing that Aussies are spending up big on home improvements and renovations. Skilled trades are in demand.

How has your Trades business changed in 2025? Are you too busy to be able to answer the phone?

Whether you are a plumber, carpenter, builder, plasterer or tiler. I can imagine that your business has changed in 2025.

Are you underinsured?
Underinsurance is when insurance is taken out for less than the true value of the item being insured. Your sum insured may not reflect a true an accurate replacement cost of the assets.
Underinsurance in Australia impacts lots of businesses. Being under-insured can lead to, in the worst cases, to your insurance claims being denied or you having to meet the shortfall between your replacement costs and your insurance limits.

With your business booming, have your insurance limits and coverage levels kept pace? Do your insurance limits match your new reality? This can happen without you really realising, you take on a few more staff, get some more tools and equipment to complete your next job, take on bigger jobs with more complexity and size. Before you know it, your great growth can be exposed and at risk if your insurance limits have not kept pace.

Three areas of insurance Tradies need to consider:
1. Business Interruption
There is nothing worse than having your business interrupted due to unforeseen circumstances. Business interruption insurance may help to smooth out your cash flow and enable you to keep trading whilst you get your business back on its feet.

2. Commercial Motor Vehicle
Your vehicles are an essential part of your business. If you were forced to replace them, would your coverage be sufficient? You want to keep your vehicles well serviced and operational so that you can get around and be able to deliver great work without having to worry about your vehicle.

3. Tools of Trade
Your tools are valuable and expensive if you have to replace them. However, tools can and do get stolen from time to time. It’s unfortunate that it happens, but it is a reality of working with great tools. Make sure your tools are coverage so if they do get stolen, you’ll be able to back working in no time.

With everything you have going on, connect with an insurance expert to help take the complexity out of organising your trades insurance. Working with an insurance professional makes smart business sense!

14/08/2024

Great example of why you need to insure a new home you have signed a contract on

"Days before we were due to move into the property, we received a call from the agent who sold us the house. The first thing the agent asked was, 'Are you sitting down?'" https://mamamia.au/3xKQNFr

28/05/2023

https://www.insurancenews.com.au/daily/insureds-lose-dispute-after-dog-attacks-business-customer-at-home?mibextid=Zxz2cZ&fbclid=IwAR19dB45kCTMUymdWgLiOu8b3rPD3rGhLnQSzskzVLeX9qv_Yqpx6OjnAyI_aem_th_AeECzjT48qKe_S04X1K6iZWak6766Vlriwh2pGiLPQgAT-R8qedzYakblYc5yu3r8JY

Insureds lose dispute after dog attacks business customer at home 26 May 2023 Complainants who sought legal liability cover following a dog attack on their property have lost their claims dispute after an Australian Financial Complaints Authority (AFCA) ruling found that the incident arose due to bu...

08/03/2023

Happy international women’s day to all our amazing clients!

17/10/2022

Have you got your cyber insurance covered?

18/08/2021

As a Renewable Insurance specialist Urban Insurance can assist our clients to adapt their insurance program for the risks the industry face

Broker says a major issue is the client-insurance market disconnect

20/05/2021

https://www.urbaninsurance.com.au/how-does-the-food-i-serve-relate-to-my-insurance-premiums/

You run your cafe, restaurant or gelato cart with passion and pride in your food and beverages. But did you know that the food you serve impacts the cost of your insurance premiums? Why? It all comes down to risk and which food and drink is considered most risky to prepare and serve by your insurer.

07/04/2021

https://www.urbaninsurance.com.au/professional-indemnity-insurance-how-to-protect-your-business-if-you-provide-advice/

Does your business provide specialist services or professional advice to your clients? Professional Indemnity Insurance, or more simply known as PI insurance, can provide protection for your business and can enable your business to respond to claims that may arise against your business. Professional...

06/03/2021

https://www.urbaninsurance.com.au/insurance-for-butcher-shops-what-do-i-need-to-know/

Running a butcher shop is hard work with long hours, heavy lifting, dangerous machinery and food safety considerations all while servicing your local community with a smile on your face. So how do you make sure you have the right butcher shop insurance? What risks do I need to cover for my butche....

25/02/2021

https://www.urbaninsurance.com.au/landlord-insurance-make-sure-your-investment-property-is-insured-and-your-investment-is-covered/

Investing in property can be seen as a relatively safe investment due to the bricks and mortar nature of real estate. If you are a property investor and decided to rent out your property, then landlord insurance coverage can help to reduce the risks associated with owning and renting out your proper...

17/02/2021

https://www.urbaninsurance.com.au/earth-moving-insurance/

Is your earthmoving equipment essential for your earthmoving business? Making sure that your earthmoving equipment is insured with the appropriate earthmoving insurance makes for a good business risk mitigation strategy. What types of equipment can be insured? All sorts of equipment and earthmoving....

03/12/2020

Our client Gem Energy”s recent event “Transitioning your business to 100% Renewable Energy”

This is "Transitioning Your Business to 100% Renewable Energy - Highlights!" by GEM Energy Australia on Vimeo, the home for high quality videos and the…