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Trade Vehicle Rentals: Understanding Your Insurance Benefits

man in suit holding paper with "are you covered?"

As many of us will already know, renting a work vehicle for your trade is a smart move that can help get your business on the road. However, just like any pieces of equipment you might find in your toolbox, it’s essential to safeguard your vehicle while on the job. That’s why at TradieSpec, we include insurance as part of the weekly costs for renting our work vehicles. In this blog, we’ll break down what exactly you get with our trade vehicle insurance coverage so that you can have peace of mind while driving from job to job.

Types of Vehicle Insurance Every Tradie Should Consider

When it comes to vehicle insurance, there is usually a wide range of options available, depending on your needs. However, for tradies who use their work vehicles as an extension of their business and a valuable piece of equipment, there are three main types of cover that should be considered.

  1. Basic Liability Insurance

Also known as Compulsory Third Party Insurance (CTP), or the Green Slip in NSW, this insurance is required by Australian law if you are driving a registered vehicle. In the event of an accident, CTP insurance covers at-fault drivers from damage claims lodged by other people.

  1. Comprehensive Insurance

For tradies with valuable tools and equipment on board, comprehensive insurance is a game-changer. It goes beyond the basics, covering damage, theft, and accidents, providing security for those high-stakes jobs.

  1. Third-Party Property Damage

This insurance type steps in when you damage someone else’s property. It’s a crucial addition, especially in situations where accidents can lead to hefty bills.

Benefits of Trade Rental Vehicle Insurance

At TradieSpec, we understand that trade work can inherently come with a variety of risks. That’s why we include insurance as part of your rental vehicle contracts, ensuring that you can have peace of mind while driving from job to job. This provides several benefits including:

  1. Comprehensive Cover

As the name suggests, full comprehensive insurance covers you for a wide range of damage sources, including accidents caused by yourself or others, natural disasters and other losses.

  1. Fire, Theft & Property Damage Cover

With an increase in equipment thefts targeting tradies recently, protecting your investments is more important than ever. Securing your equipment with trade-spec toolboxes and vehicle insurance will guarantee that your work remains interrupted.

  1. Third-Party Liability Cover

This insurance will cover you if someone makes a claim against you for damages to their vehicle or property.

  1. New For Old Replacement (Within 2 Years)

If your vehicle is less than 2 years old and it is written off due to an event that you are covered by such as theft or accident damage, you may be provided with a replacement vehicle of the same make and model when possible.

Drive With Confidence Today

If you’re a tradie currently searching for the right vehicle to get your business on the road, the team at TradieSpec is ready to help you. We offer a range of premium, commercial, trade-ready vehicles with flexible rental contracts that include insurance, servicing and registration covered in the costs. Get in touch with our team today for a free quote.


At Tradiespec, our mission is to help tradies across Australia with insights and advice to drive your business forward. Whether it’s tips on vehicle selection, how to manage your fleet or insurance information, we’ve got you covered.

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