Each week, get the essential news for tradies across Australia—insurance developments, regulatory changes, safety updates, court decisions, tool theft trends, and small business insights. Expect a clear, trustworthy wrap with practical takeaways to help you manage risk, stay compliant, and protect your livelihood. Straight to the point, in plain English, for sparkies, chippies, plumbers, builders and more—so you’re informed before you hit the jobsite.
This Week:
Weekly wrap for Australian tradies: The RBA lifted the cash rate to about 3.85% on 3 February, pressuring business cash flow. Commercial insurance markets softened in the December quarter, with some covers down by as much as around 20%, making it a good time to review public liability, tools, contract works and vehicle policies. New research warns untested and damaged lithium‑ion batteries and poor charging practices are driving fire risk—use reputable batteries and safe charging setups. ASIC moved to restrict public access to company directors home addresses, improving privacy for those trading through a company. Practical tips focus on cash flow discipline, policy reviews and better battery safety.
EPISODE 1234 | Insurance For Trades News Wrap for Tradies | Thu, 5th Feb 2026
6 Feb 2026 | Paige Estritori
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Read Full Transcript:
Hello and welcome to the Insurance For Trades News Wrap for Tradies with me, Paige Estritori, for Thursday, 5 February 2026.
First up, interest rates. On Tuesday 3 February, the Reserve Bank of Australia lifted the cash rate by a quarter point to about three point eight five per cent. That raises the cost of business loans, vehicle finance and mortgages, which can squeeze cash flow for sole traders and small crews. If you havent reviewed quotes and payment terms lately, nows the time—keep cash moving, and consider comparing your cover to see if you can get better protection for the same spend.
Meanwhile, theres a bit of relief in insurance markets. A major broker report this week says commercial cover prices fell by as much as around twenty per cent in the December quarter, with more capacity and flexible underwriting across many lines. Property, liability, cyber and directors cover all softened, though sites with heavy natural‑catastrophe exposure are still tougher, and motor is steadier. The takeaway: its a good moment to review public liability, tools, contract works and commercial vehicle policies. You may be able to improve limits or conditions—without overpaying.
Safety on site and in the shed: new research backed by IAG, a major insurer, and Queensland University of Technology warns that untested lithium‑ion batteries and poor charging habits are driving fire risk. Damage, saltwater exposure and repeated impacts all raise the odds. For tradies using cordless gear, stick with reputable batteries and chargers, charge in a clear area you can keep an eye on, and avoid heat and crush risks in the ute or van. Check your policy wording on battery‑related fires and tool cover, so a claim isnt a surprise.
And a privacy change for company directors. On Tuesday 3 February, the Australian Securities and Investments Commission—ASIC—began restricting public access to directors home addresses, after a request from the Treasurer. Legitimate users like regulators and lawyers will still have pathways, but broad access is being wound back. If you run your trade business through a company, this can reduce doxxing and scam risk. Make sure your registered details are current and that suppliers can still reach your official service address.
Thats the wrap. For fast, free comparisons, tailored tradie cover and help when you need to claim, head to insurance-for-trades.com.au. Im Paige—stay safe, and Ill catch you next week.
The information on this website is general in nature and does not take into account your objectives, financial situation, or needs. Consider seeking personal advice from a licensed adviser before acting on any information.
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