Compare business insurance quotes with Savvy to find the best policy for your cabinet-making business.
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Cabinet makers know all about customising furniture and kitchen cupboards to make sure they’re a perfect fit, so why not do the same with your insurance? The business insurance you choose as a cabinet maker should offer you protection and cover for all risks your business faces, without duplication or paying for insurance you don’t need.
You can compare quotes for many types of business insurance here with Savvy. Just answer a few simple questions about your business and the insurance you need and you’ll have a wide range of offers to consider instantly from some of Australia’s most respected insurers. Compare with us to help you get the best-value insurance for your cabinet-making business today.
There are several types of business insurance you should consider if you’re running a cabinet-making business. These include:
Public liability insurance
Public liability insurance is essential for anyone running a business who has contact with the public or their property. This is particularly important if you’re a cabinet maker working in customers’ kitchens with other trades within a tight space. There’s plenty that could go wrong or get accidentally damaged.
Public liability will cover you against claims that your activity caused injury to a third party or damaged their property. This insurance can offer between $5 million and $20 million worth of coverage. It is a compulsory requirement on many building sites and to tender for many contracts.
What it covers:
Portable equipment cover
This form of insurance is available as an add-on for general business insurance and can cover all your tradie tools and portable equipment, including expensive pieces like generators and electric saws. There are two options available depending on what level of cover you are looking for:
What it covers:
Personal accident and illness insurance
Since you rely on your physical fitness to be able to do your job, taking care of your health should be a high priority for all people who earn a living working with their hands. Accident and sickness insurance can provide cover for you if you become sick and are unable to work, with a weekly replacement income available if you can’t work as a result of an accident or injury.
What it covers:
Optional extras can include:
What isn’t covered under business insurance for cabinet makers?
The most common general exclusions for business insurance include:
There’s no set cost for insurance, as each applicant is different and faces unique risks. Many factors influence the cost of business insurance, including the following:
The main factor which will affect the cost of your insurance is the industry you’re in. All businesses in Australia are classified according to the risk their industry poses, and are allocated a risk ratio. These ratios are used by insurers to calculate the comparative risk of any one business compared to another.
You can find out how much insurance will cost for your cabinet-making business by comparing quotes right here with Savvy. By customising the options you choose, and the add-on extras you select, you will be able to find the best insurance for your business’ needs.
You’ve worked hard to build up your skills as a craftsman and to build your business over the years, so you’ll naturally want to protect it if things go wrong. Business insurance offers you the protection and peace of mind that comes with knowing you’ll be able to survive and carry on if something unexpected does happen which threatens your livelihood.
Most small to medium-sized businesses have some contingency funds to fall back on, but they rarely have sufficient to cover the cost of a major catastrophe. For example, if your workshop were to catch fire and you lost several weeks of work for a valued customer, you could find yourself in the red for thousands of dollars.
If this happens and you have adequate insurance to protect your business, you’ll have a much better chance of recovering and getting back on your feet quickly.
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Disclaimer:
Savvy is partnered with BizCover Pty Ltd (ABN 68 127 707 975, AFSL 501769) to provide readers with a variety of business insurance policies to compare. Savvy earns a commission from BizCover each time a customer buys a business insurance policy via our website. We don’t arrange for products to be purchased from these brands directly, as all purchases are conducted via BizCover.
Savvy does not compare all business insurance policies or providers currently operating in the market. Any advice presented above or on other pages is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an insurance policy.
For any further information on the variety of insurers compared by BizCover or how their business works, you can read their Financial Services Guide.
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© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
