Insurance for Carpenters

Why do carpenters need insurance?

Carpentry has its risks. There are obvious hazards, such as working with nail guns, saws and other dangerous tools. But what about the other risks that could affect your business, such as a customer injury, tool theft, or damage to your actual business premises? This is where carpenter’s insurance could help you. 

What types of business insurance might carpenters need?

Public Liability insurance

Working on a job site or in a client’s home could lead to property damage or injury claims from the general public. That’s why many carpenters opt to take out Public Liability insurance*, one of the most common types of carpenter’s insurance. 

Product Liability insurance

If your carpentry business sells products to the public, there’s a chance these products could damage someone else’s property or cause injury. You may need to consider Product Liability insurance* to help you manage these types of claims. 

Professional Indemnity insurance

Carpenters are often called on to provide professional advice to clients or other contractors. But if you misspeak or give an incorrect recommendation, it could cause huge issues later on. That’s where Professional Indemnity insurance* could come in handy. 

Portable Equipment insurance

Your tools help you get the job done every day, and that’s why protecting these valuable business assets is something to consider as part of your insurance plan. Portable Equipment insurance* may help you repair or replace essential tools and equipment. 

Personal Accident & Illness insurance

Take a moment to consider the impact on your business if you were to have an accident or fall 
ill. You are your company’s most important asset, so it may make sense to have protection in place. Your Personal Accident and Illness insurance* could be your Plan B to help protect your finances while you recover. 

How much does insurance for carpenters cost?

Carpenters pay an average of $94.08 per month for their insurance with BizCover †. That’s based on over 6,100 carpenters who insured their businesses with us in 2024. However, premiums for carpenters can vary. Insurers consider many factors when calculating the price of your carpenter’s insurance, such as the size of your business, the location of your business premises and the amount of cover you choose.