Tradesmen typically need a combination of public liability insurance, professional indemnity insurance, workers' compensation insurance, and tool insurance. These policies can protect tradesmen from a range of risks, such as property damage, injury to clients or members of the public, and theft or damage to tools and equipment.

Public liability insurance is designed to protect tradesmen against claims made by third parties for property damage or personal injury caused by their business activities. It is important for tradesmen because it can cover the cost of legal fees, compensation payouts, and other expenses associated with a claim, which could otherwise be financially devastating.

The requirement for workers' compensation insurance varies depending on the state or territory in which you operate. In some states, self-employed tradesmen are not required to have workers' compensation insurance, while in others it is mandatory. Even if it is not required, workers' compensation insurance can provide valuable protection for self-employed tradesmen in the event of an accident or injury while working.

Tool insurance provides cover for loss, theft or damage to tools and equipment used by tradesmen in the course of their business activities. This can include hand tools, power tools, and other equipment. Tool insurance can help tradesmen to quickly replace lost or damaged tools, reducing downtime and minimizing the impact on their business.

Yes, most tradesmen insurance policies can be customized to suit your specific needs and budget. This may include adjusting the level of cover, adding or removing policy features, and selecting a payment plan that suits your cash flow. An insurance broker can help you to tailor a policy that meets your needs while keeping costs under control.