Here’s Why You Might Be Under-Insured and
How RSM Tasmania Can Help
RSM Tasmania is the local insurance broker Hobart can rely on to keep you properly advised and insured, especially if you are a tradie!
We understand that tradies have a lot on their plate. From managing clients and suppliers to keeping tools and equipment in check, your days are busy. With so much going on, it’s no wonder that many tradies find themselves under-insured. But that gap in your coverage could cost you dearly if things go wrong.
To help you stay ahead of the curve, here are six common reasons tradies end up under-insured — and how RSM Tasmania can help you avoid the pitfalls.
1. Rising Replacement Costs
Inflation and supply chain disruptions mean that the cost of replacing your tools, equipment, and vehicles has skyrocketed. If you haven’t updated your insurance to reflect these increases, you might be left footing the bill in an emergency.
A broker like RSM Tasmania can assess your policy and ensure your coverage matches today’s replacement values.
2. Inadequate Valuation of Assets
It’s easy to underestimate the value of your assets — or forget to update your policy when you buy new gear. Unfortunately, this can leave a big hole in your coverage. We’ll work with you to properly value your tools, equipment, and vehicles so you’re not left out of pocket.
3. Cost-Cutting Measures
Saving a few bucks by opting for lower premiums might feel like a win now, but it could come back to bite you later. A comprehensive policy doesn’t have to break the bank.
At RSM Tasmania, we’ll help you find cost-effective coverage without compromising on the protection you need.
4. Lack of Awareness
Insurance isn’t the most exciting topic, and it’s easy to overlook what’s essential. For example, many tradies skip over critical policies like public liability insurance or income protection, not realising the financial risks they’re taking. We’ll guide you through what you need — and why — so you’re not caught off guard.
5. Complexity of Insurance Products
The sheer number of insurance options out there can be overwhelming. It’s tough to know what’s right for you, and picking the wrong policy can leave you underinsured. That’s where we come in. RSM Tasmania specialises in helping tradies navigate the insurance maze and find policies tailored to your unique needs.
6. Simple Procrastination
Life gets busy, and insurance might not seem like a top priority — until it’s too late. Procrastination is a big reason many tradies delay reviewing or updating their policies. Don’t leave it to chance! Let RSM Tasmania take the hassle off your plate and ensure you’re fully covered.
Why Choose RSM Tasmania?
We understand the challenges tradies face. With years of experience working with small businesses and self-employed professionals, we know how to tailor insurance solutions that work for you. Plus, we’ll handle the paperwork, so you can focus on what you do best.
Don’t wait until it’s too late to find out you’re under-insured. Get in touch with RSM Tasmania today and let us make sure you’re covered for whatever comes your way.
Remember, this article is general in nature and doesn’t take into account your specific objectives, financial situation, or needs. For advice tailored to your circumstances, have a chat with us at RSM Tasmania Insurance Brokers Hobart.
Talk to Roger Hosie and stay ahead with RSM Tasmania’s insights.
Call Now! (03) 6244 7854, or email .
