Copyright 2015 Wauchope Financial Planning
Hastings Financial Services Pty Ltd, trading as Wauchope Financial Planning ABN 34 541 763 742 Corporate Authorised Representative No.417493 2/80 High Street Wauchope NSW 2446
Aon Hewitt Financial Advice Limited ABN 13 091 225 642 AFSL No.239183 Level 33, 201 Kent Street Sydney  NSW  2000

A tradesperson’s best back-up tool is

insurance

Do you have all the protection you need?

As a qualified or skilled tradesperson, you need to be physically fit and healthy to make a living.  That way you can maintain the lifestyle you and your family have worked so hard for. So when you’re looking at insurance, you need to make sure you have cover that takes into consideration the work you do and the unique risks you face. It’s important to feel confident knowing that whatever happens, your family will be looked after.

Workers compensation may not be enough

If something happens to you at work, workers compensation helps part of the way, but you could be waiting a long time and it only covers some of your expenses. You may have to dig into your own pocket (and savings) to cover other medical expenses. What if something happens outside work or you suffer heart disease or cancer? When your income stops, the last things you need to worry about are your loan repayments, bills and everyday expenses including your children’s schooling.

Claim Causes – Tradesman

It could happen to you

Sickness and injury can strike at any time, particularly injury in your line of work. When it comes to claims, accidents (48% of claims) and musculoskeletal injuries like broken bones and torn ligaments (23% of claims) are right at the top of the list for tradespeople (see graph). 

Unique risks, unique solutions

As well as the big picture issues relating to life insurance, here are some more specific areas you may wish to discuss when talking about the right cover for you. If you’re self-employed, every day off work is a day you don’t get paid. If you work for someone else, what happens if you run out of sick leave? Either way, it’s important to know when your benefits start accruing. Some Income Protection benefits start from day one. If you have minor fractures and still keep working, will your insurance still cover you if you’ve had no time off work? As your physical abilities are an important part of your working day, you may need more rehabilitation than say an office worker before you return to work. What if you’re self-employed and need to keep an eye on your business? Or you work for someone else and simply wish to return to work ? Some policies allow you to work 10 hours or less a week while still receiving benefits. If you can’t afford or don’t need comprehensive cover, you can cover yourself for accidental injury only. Considering the majority of claims are due to accidents, it’s a pretty sensible option. Trauma cover not only provides benefits for things like coma, intensive care, loss of limb or sight, major head trauma, paralysis and severe burns. It also covers you for the early signs of a heart attack, melanoma or cancers. Generally income protection and business expense insurance premiums are tax deductible. Plus you may be able to cover your premiums through your super.

Feel free to speak with us

As a tradesperson you need to have the right cover for your professional risks, not just workers compensation. You also need to feel confident that should anything happen, you and your family will be taken care of. I encourage you to make an appointment with our office. Together we can go through your circumstances and come up with a plan that’s built for you.
Wauchope Financial Planning
2 / 80 High Street, Wauchope, NSW, 2446 Phone: 02 6586 0686
1 “Key Work Health and Safety Statistics Australia, 2010”     Safework Australia

Insurance built for tradespeople

Hastings Financial Services Pty Ltd, trading as Wauchope Financial Planning ABN 34 541 763 742 Corporate Authorised Representative No.417493 2/80 High Street Wauchope NSW 2446
Aon Hewitt Financial Advice Limited ABN 13 091 225 642 AFSL No.239183 Level 33, 201 Kent Street, Sydney  NSW  2000 Copyright 2015 Wauchope Financial Planning
A tradesperson’s best back-up  tool is insurance  Insurance built for tradespeople
Do you have all the protection you need? As a qualified or skilled tradesperson, you need to be physically fit and healthy to make a living.  That way you can maintain the lifestyle you and your family have worked so hard for. So when you’re looking at insurance, you need to make sure you have cover that takes into consideration the work you do and the unique risks you face. It’s important to feel confident knowing that whatever happens, your family will be looked after.
Workers compensation may not be enough If something happens to you at work, workers compensation helps part of the way, but you could be waiting a long time and it only covers some of your expenses. You may have to dig into your own pocket (and savings) to cover other medical expenses. What if something happens outside work or you suffer heart disease or cancer? When your income stops, the last things you need to worry about are your loan repayments, bills and everyday expenses including your children’s schooling.
It could happen to you Sickness and injury can strike at any time, particularly injury in your line of work. When it comes to claims, accidents (48% of claims) and musculoskeletal injuries like broken bones and torn ligaments (23% of claims) are right at the top of the list for tradespeople (see graph).
Claim Causes – Tradesman
Unique risks, unique solutions As well as the big picture issues relating to life insurance, here are some more specific areas you may wish to discuss when talking about the right cover for you. If you’re self-employed, every day off work is a day you don’t get paid. If you work for someone else, what happens if you run out of sick leave? Either way, it’s important to know when your benefits start accruing. Some Income Protection benefits start from day one. If you have minor fractures and still keep working, will your insurance still cover you if you’ve had no time off work? As your physical abilities are an important part of your working day, you may need more rehabilitation than say an office worker before you return to work. What if you’re self-employed and need to keep an eye on your business? Or you work for someone else and simply wish to return to work ? Some policies allow you to work 10 hours or less a week while still receiving benefits. If you can’t afford or don’t need comprehensive cover, you can cover yourself for accidental injury only. Considering the majority of claims are due to accidents, it’s a pretty sensible option. Trauma cover not only provides benefits for things like coma, intensive care, loss of limb or sight, major head trauma, paralysis and severe burns. It also covers you for the early signs of a heart attack, melanoma or cancers. Generally income protection and business expense insurance premiums are tax deductible. Plus you may be able to cover your premiums through your super.
1 “Key Work Health and Safety Statistics Australia, 2010”     Safework Australia
Feel free to speak with us As a tradesperson you need to have the right cover for your professional risks, not just workers compensation. You also need to feel confident that should anything happen, you and your family will be taken care of. We encourage you to make an appointment with our office. Together we can go through your circumstances and come up with a plan that’s built for you. Phone: (02) 6586 0686
Wauchope Financial Planning
Wauchope Financial Planning