Tailored carpenters insurance for your business. Maximum coverage, minimum cost.
As a carpenter, your clients rely on you to produce the best wood products. Carpenters are also prone to staff suffering injuries while building products. Damage to factory equipment and the factory premises can be incredibly expensive to cover without insurance.
With Provide, you can build yourself a tailored policy to protect your carpentry business. Get comprehensive coverage against employee injuries/infectious diseases, business premises/equipment damage, and more.
Work injury insurance: Coverage for employee injuries/infectious disease, including Covid-19 infections.
Example 1: One of your staff suffers a deep cut while using a table saw. This insurance will pay for your staff’s hospitalisation and surgery, lost wages while on medical leave, and lawyer’s fees if your staff sues you for the injury.
Example 2: one of your staff gets Covid-19 after interacting with customers, and spreads it to all your other staff. This insurance will pay for lost wages while quarantined, medical expenses, and legal expenses if your workers sue you for creating an unsafe work environment.
Property all risks insurance: Coverage for risks like fire, water leaks, damage to equipment, etc. Protects your premises, manufacturing equipment, and inventory.
For instance, a fire in your factory breaks and destroys the premises. This insurance will pay for repairing your factory, replacing your carpentry equipment, and replacing the damaged inventory.
Machinery and equipment breakdown insurance: Coverage if third-parties injure themselves in your business premises.
For instance, one of your staff leaves a puddle on the floor. A customer slips and falls in your restaurant. They can sue you for personal injury damages and medical expenses incurred.
Employee injuries: Injury or sickness (e.g. Covid-19 infections) to employees. Given the frequent use of sharp tools and machinery, carpenters are at high risk of injuries. Loss of fingers, cuts, and other serious injuries are very common. You’ll need Work Injury Compensation Insurance to cover this.
Equipment damage: Sudden breakdowns of carpentry equipment, or damage while using your tools.
Fire: Electrical faults or other risks that start a fire. Likely to cause heavy damage to manufacturing premises, equipment, and inventory. Major risk for carpenters.
Injuries or property damage to third-parties: Injuries to people when in your premises. These people could be clients, suppliers, or business partners – essentially anyone who isn’t an employee. For instance, if a supplier comes to factory to deliver goods and falls, they can sue you for personal injury damages and medical expenses.