Each week, we cut through the noise with a clear, practical recap of news that matters to tradies across Australia. From regulation updates and licensing changes to safety alerts, insurance developments, weather and supply chain impacts, and real case outcomes, we highlight what’s new and why it matters on site and in business. Expect plain-English context, quick takeaways, and expert interviews to help you stay compliant, manage risk, and keep jobs moving.
This Week:
Paige Estritori wraps the weeks trade‑relevant insurance news for 7 October 2026: draft cyclone pool rate changes that rebalance costs across risk bands; rising motor repair costs prompting calls for more repair‑friendly vehicle design; an AFCA ruling that insurers may need to perform make‑safe works even when a claim is excluded; and SIRAs ramped‑up fraud prosecutions in NSW. Practical tips include reviewing property and business interruption cover, adding hire‑vehicle and choice‑of‑repairer options, documenting damage and asking about make‑safe, and keeping accurate records while avoiding claim middlemen. Listeners are invited to visit trades-cover.com.au for tailored trades insurance quotes.
Hello and welcome to Trades Cover Weekly News Wrap, Im Paige Estritori, and its 7 October 2026.
First up, draft changes to Australias cyclone reinsurance pool are on the table. The Australian Reinsurance Pool Corporation wants to collect about $770 million a year from insurers from next July, roughly a three per cent lift, with a rebalancing that lowers pool charges for higher‑risk cyclone areas and nudges up costs for low‑risk ones. For tradies with homes or small business premises in cyclone‑exposed regions, this could support affordability where risk is highest. Use this window to check your property and business interruption cover, and make sure your sums insured reflect todays rebuild costs.
Next up, motor repair costs keep climbing. Insurers say modern vehicle tech and parts bottlenecks are pushing up claim expenses and theyre calling for closer cooperation with carmakers on repairability. If your ute or van is off the road, jobs stall, so consider options like hire‑vehicle cover and choice‑of‑repairer, and list fitted accessories and tools so theyre properly covered.
Meanwhile, a fresh ruling from AFCA — thats the Australian Financial Complaints Authority — found an insurer should have done temporary make‑safe work even when the original claim was excluded. The lesson on site: after damage, take reasonable steps to prevent further loss, document conditions with photos, and ask your insurer or broker about make‑safe support. Keep receipts and notes; it helps claims run smoother.
And in NSW, SIRA — the State Insurance Regulatory Authority — has stepped up fraud enforcement, with recent prosecutions leading to jail time and restitution orders. For small trade businesses, its a reminder to keep invoices, timesheets and medical or repair documents accurate and accessible, and to be wary of anyone who offers to “fast‑track” a payout for a cut. When in doubt, speak to your broker first.
Thats the wrap. For fast quotes, tailored trades insurance cover, and help comparing options, head to trades-cover.com.au. Im Paige — thanks for listening, and stay safe on site.
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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Knowledgebase
Liability Insurance: A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.
