Australia’s major shopping hubs are filling up with lease signs. Whereas the country is best known for its small businesses – accounting for 97% of all businesses – shops are closing at an alarming rate. According to the figures from the Australian Bureau of Statistics, around 60% of small businesses shut down within three years of operation.
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The Federal Budget announced in May 2015 a number of changes that could impact your trade business.
Public Liability Insurance is one of the most important forms of insurance for tradies and is one of the most widely used forms of insurance in the industry. It protects tradies against property damage or personal injury that has occurred as a result of their actions at work. If you’re found financially liable for damages, you could find yourself in a situation where you’re required to pay huge amounts of money to cover any costs.
Even if you’re very careful, the unexpected can happen and Public Liability Insurance gives you peace of mind that you’ll be protected.
Whether you want to start a new trade business or you need funds to expand your existing business, small business loans are a necessary part of your journey and growth. You may need money for new equipment, tools, work vehicles or simply to manage your monthly cash flow cycle. Having a good Finance or Mortgage broker by your side that understands tradie business needs is key to helping you achieve your short and long term objectives. Read more
If you are a builder or tradesperson in NSW, the recent changes in the home building laws may impact your compliance obligations as a business operator. These include licence requirements, insurance coverage and even the contract terms and conditions you use each day in your business with clients.
Budgeting seems to be one of those things that we all know we should be doing but tend to avoid. For tradies in business, it’s important to have a budget in place so you’re keeping up with your expenses and can manage your cash-flow. To get started, there are a few simple steps you can take to put a simple and regular budget in place.
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We all tend to do what we can to protect ourselves and our families from the unexpected, but often times insurance is a forgotten element of enjoying that kind of peace of mind. That’s why it’s important to have get tradies sickness and accident insurance.
These modern times present us with many unknowns that make us feel uncertain about our futures. It’s only natural to feel that way. What would you do today if an unforeseen accident happened? How would your family live the quality of life they have become accustomed to? How would your being gone affect your family?
We live in a modern world where information is immediate in most cases. When it comes to getting your tradie insurance, you can use the web to your advantage. The information about various types of tradie cover, getting quotes, and purchasing cover are all things you can do online. What kind of insurance cover can you obtain online? We learned about the types of cover you can get online by talking to insurance providers so we could share it with you now. Read more
When it comes to the immediate cost of premiums, it can be tempting for tradies to under-insure or even choose not to insure at all as a way to save money. This may save some money initially but in the long run can cost you serious money because you may be leaving yourself open to significant costs. It’s also important to remember that your insurance premiums can impact on the price of insurance premiums in general. Read more
The Home Building Compensation Fund, or HBCF, was formerly known as the Home Warranty Insurance Scheme. When did it change? The name changed on the 15 day of January 2015. It’s important that Sydney builders understand this change in name for home warranty insurance for builders as it does affect them. The concept is designed for homeowners who take on residential construction projects in NSW when they are paying over $20,000 for the building. Read more
