Between completing projects, admin, and juggling new leads, there’s always something demanding your attention. Among this whirlwind of activity, it’s easy for business insurance for contractors to slip down to the bottom of your to-do list. But as your business changes and grows, so do your insurance needs. Overlooking your cover could create gaps and expose you to risks that you might not expect.
Here are three moments where it’s worth hitting pause and checking if your insurance is still working for you.
Taking on Bigger or More Complex Jobs? Think Insurance
Landing bigger contracts is a good sign you’re doing things right. But with larger jobs comes extra responsibility, and a lot more at stake if something goes wrong. Expensive tools, strict site requirements, and higher-risk jobs can shift the amount of insurance you need. Some head contractors or commercial clients may ask for higher Public Liability limits before they let you on site. And if you’ve recently upgraded your tools or business contents, make sure your Portable Equipment insurance and Contents insurance is keeping up.
Hiring Subcontractors? Think Insurance
You’re getting more work than you can handle solo, so it makes sense to bring someone on. However, once someone else is representing your business, your cover will need to reflect that. Take a moment to review your policies. Does your Public Liability insurance cover subcontractors? Are they considered your employees, or will they require their own insurance? If you give advice or handle plans and sketches, check if your Professional Indemnity insurance extends to their work too.
Regulation Updates? Think Insurance
Rules can change fast. And if you’re a licensed contractor, staying compliant isn’t optional. Some industries or states may require contractors to hold specific types of insurance, like Public Liability or Professional Indemnity. These requirements can shift with little notice, and it’s up to you to stay informed. Take NSW, for example. From July 2026, builders registered under the Design and Building Practitioners Act will need to hold mandatory Professional Indemnity insurance. That’s a big change, and one you don’t want to get caught off guard by.
Protect Your Business. Think Insurance
Whether you’re quoting for bigger jobs, hiring extra hands, or keeping up with new rules, having the right insurance gives you confidence to focus on the work (not the what-ifs). Contractor Cover offers business insurance options tailored for contractors and small businesses. You can compare multiple quotes in minutes, choose your policy online, and get covered instantly. No paperwork, no drama. Just easy, affordable business insurance trusted by over 270,000 Aussie small businesses.
This information is general only and does not take into account your objectives, financial situation or needs. It should not be relied upon as advice. As with any insurance, cover will be subject to the terms, conditions and exclusions contained in the Product Disclosure Statement or policy wording. Target Market Determination can also be found on our website as well.
