When life takes an unexpected turn, your ability to earn a steady income can be put at risk. For small business owners, sole traders and contractors who may not necessarily have the same protections as salaried employees, like paid sick leave, annual leave, or workers compensation, which can lead to a significant financial strain.

If you work as an independent contractor or subcontractor in the construction industry, you will know there can be many risks involved. Let’s delve into a range of common business insurance options to help you understand how to cover the risks that come with these roles.

Choosing to become a contractor and operate as an independent contractor instead of as an employee of a business or organisation in a traditional sense generally requires that you are very good at what you do. After all, a contractor who isn’t an expert in their field and who can’t demonstrate a proven track record when interviewing for a new contract position may well struggle to find their next contract gig.

If you are looking at expanding your workforce by hiring contractors to help out, it’s a good sign that your business is growing and ready to reach new heights! The process of hiring contractors involves a bit of research and preparation to ensure that you hire the right people for the job.

Whether you’re a sparky, a gardener or working in the transport biz for a crust, it’s no secret that you put in the hard yards day after day to get the job done. It’s a profession that requires good physical health and wellbeing, especially when you’re the one running the show.

Handyman, handywoman, tradesperson, jack-of-all-trades. Whatever you choose to call yourself, a handyman works across different homes, shops and job sites, which means the risks change almost every day. Even simple tasks can lead to unexpected accidents or damage. Insurance claims in this space often follow familiar patterns and understanding them can help you manage your own risks more effectively.

While they have a lot of common ground, there are a number of pivotal differences between a handyman and a licensed contractor and the work they can legally provide to homeowners and clients.