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Trades Insurance Articles

How Tradespeople Can Maximize Tax Deductions Through Insurance
How Tradespeople Can Maximize Tax Deductions Through Insurance
Tradespeople work hard to earn their income, often facing unique expenses that can impact their bottom line. Understanding and maximizing tax deductions is crucial for minimizing these costs and keeping more of what they earn. By making informed decisions about expenses, tradespeople can significantly reduce their taxable income. - read more
A Beginner’s Guide to Trades Insurance in Australia
A Beginner’s Guide to Trades Insurance in Australia
Trades insurance is a type of coverage specifically designed to protect those who work in various trades, such as electricians, plumbers, carpenters, and builders. It encompasses a range of insurance products tailored to address the unique risks and challenges faced by tradespeople in their day-to-day activities. - read more
How to Choose the Right Trades Insurance: Comparing Insurer Perks
How to Choose the Right Trades Insurance: Comparing Insurer Perks
Being a tradesperson in Australia comes with its own unique set of risks. Whether you're an electrician, plumber, carpenter, or builder, having the right insurance coverage is crucial for protecting your livelihood and your peace of mind. Without adequate insurance, you could be financially devastated by accidents, theft, or property damage. - read more
Why Every Subcontractor in Australia Needs Proper Insurance
Why Every Subcontractor in Australia Needs Proper Insurance
Insurance is a crucial safeguard for everyone, but for subcontractors, it's essential. In the world of trade professionals, the tools of the trade are more than just pieces of equipment; they are investments into one's livelihood. - read more
How to Choose the Right Trades Insurance for Your Business
How to Choose the Right Trades Insurance for Your Business
Trades insurance is a specialised type of coverage designed to protect individuals and businesses in the trades industry. This category includes a wide range of professionals such as electricians, plumbers, builders, and other manual workers who face unique risks in their day-to-day operations. - read more

Insurance News

Australian Insurers Achieve Record Profits Amid Rising Premiums
Australian Insurers Achieve Record Profits Amid Rising Premiums
06 Mar 2026: Paige Estritori
In 2024, Australia's insurance industry recorded an after-tax profit of $6.1 billion, a significant increase from the five-year average of $2 billion. This surge is primarily attributed to substantial premium hikes and a reduction in severe weather events. - read more
AFCA Challenges Suncorp's 60% Home Insurance Premium Hike
AFCA Challenges Suncorp's 60% Home Insurance Premium Hike
06 Mar 2026: Paige Estritori
The Australian Financial Complaints Authority (AFCA) has directed Suncorp to reassess a 60% increase in a customer's home insurance premium after the insurer failed to provide persuasive evidence justifying the hike. This decision comes amid a backdrop of rising complaints about general insurers, with AFCA reporting record levels of grievances. - read more
Allianz Australia Penalized for Misleading Insurance Practices
Allianz Australia Penalized for Misleading Insurance Practices
06 Mar 2026: Paige Estritori
In February 2025, Allianz Australia and its subsidiary AWP Australia were fined $16.8 million for making false and misleading statements. The Commonwealth Director of Public Prosecutions imposed the fines following an investigation and referral by the Australian Securities and Investments Commission (ASIC). - read more
Insurers Under Fire for Premium Increases as Governments Benefit from Taxes
Insurers Under Fire for Premium Increases as Governments Benefit from Taxes
26 Feb 2026: Paige Estritori
In recent times, Australian insurers have come under intense scrutiny due to substantial increases in insurance premiums. This surge has sparked debates about the balance between insurer profitability and consumer affordability, especially as governments continue to collect significant taxes on these rising premiums. - read more
Australian Insurers Leverage AI for Operational Excellence
Australian Insurers Leverage AI for Operational Excellence
26 Feb 2026: Paige Estritori
The Australian insurance sector is undergoing a significant transformation, driven by the adoption of artificial intelligence (AI) technologies. Insurers are leveraging AI to enhance operational efficiency, improve customer service, and refine risk management practices, positioning themselves as data-driven, digital-first organisations. - read more

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Knowledgebase
Surrender Value:
The amount of money an insurance policyholder will receive if they voluntarily terminate the policy before it matures.