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:
Paige wraps four items for Australian tradies: the RBA holds rates at about 3.6% on 4 Nov; Queenslands severe storms push claims to around 26,000 and storm season is here; Payday Super passes Parliament, requiring super to be paid within seven business days of payday from 1 July 2026; and builders see green shoots but labour shortages and delays persist. Practical tips include shoring up cash flow, checking tool/vehicle cover, preparing payroll systems for Payday Super, and ensuring project insurance limits match growing pipelines.
EPISODE 854 | Insurance For Trades News Wrap for Tradies | Thu, 6th Nov 2025
7 Nov 2025 | Paige Estritori
00:00:00
00:00:00
1x
Read Full Transcript:
Hello and welcome to Insurance For Trades News Wrap for Tradies, Im Paige Estritori, and its Thursday, 6 November 2025.
First, the Reserve Bank of Australia held the cash rate at about 3.6 per cent on Tuesday, 4 November. With inflation proving sticky, rate relief now looks further off. For tradies, that means borrowing costs stay put for now. Keep cash flow tight and make sure your cover matches your current jobs so unexpected costs dont bite.
Meanwhile, storm season has arrived with a thump in southeast Queensland. The Insurance Council of Australia says the recent Brisbane hail event has been expanded to cover more severe weather, and claims have climbed to around twenty‑six thousand as of Wednesday. Expect demand for repairs, parts and trades to spike. If youre on the tools, check your tool and commercial vehicle cover, keep serial numbers and photos handy, and know your excess before severe weather hits.
Next up, Parliament has passed Payday Super, a major change for employers. From 1 July 2026, super contributions must reach employees funds within seven business days of payday, with redesigned penalties for late payments. The Australian Taxation Office, ATO, plans a risk‑based approach in the first year, but youll still need your systems ready. If you employ staff, speak with your payroll provider or bookkeeper now, set aside buffer cash, and test automated payments so youre compliant on day one.
And finally, builders report green shoots in approvals and new home sales, but say labour shortages, planning delays and land costs are holding back the housing target. Many trades are still in short supply. If your pipeline is filling, make sure your public liability, contract works and tool insurance limits reflect bigger sites and longer project timelines, and check that any subcontractors are properly insured before they step on site.
Thats the wrap. For tailored insurance for tradespeople, fast quotes and help comparing options, head to insurance-for-trades.com.au. Im Paige Estritori—stay safe on site 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.
Follow us!
We are a proud member of the Financial Services Online network!
Connect with us on your favourite social media platform for the latest financial news, views, tips, tricks, resources and information.
Welcome to our guide on the step-by-step process for tradespeople to submit an insurance claim. Navigating the insurance claim process can often be daunting, especially for busy tradespeople who are focused on their day-to-day operations. In this article, we'll walk you through each stage, making the process simple and straightforward. - read more
Running a small trade business in Australia involves various risks, from accidental property damage to unexpected injuries on the job. These unforeseen events can lead to significant financial losses, which might be challenging for smaller enterprises to absorb. That's where comprehensive insurance comes into play. - read more
Workers' compensation insurance is a form of insurance that provides financial protection for businesses and their employees in the event of workplace injuries or illnesses. It ensures that workers receive the necessary medical treatment and compensation for lost wages if they are hurt on the job. - read more
Insurance Australia Group (IAG), a leading insurer in Australia, has highlighted the significant impact of climate change on the cost of home insurance. The company reports that the increasing frequency and severity of weather events are contributing to rising premiums for homeowners. - read more
Suncorp, a prominent Australian insurer, has reported an 8% increase in full-year cash earnings, reaching A$1.49 billion for the year ending June 30, 2025. This performance surpasses analyst expectations and is attributed to improved insurance margins and favorable natural hazard costs. - read more
Insurance Australia Group (IAG) has reported a significant increase in annual cash earnings for the fiscal year ending June 30, 2025, reaching A$1.17 billion. This growth is primarily driven by an 8% rise in net earned premiums to A$9.98 billion and lower-than-expected natural peril costs. - read more
