If you take a second to reflect and think about how important your tools of trade are to help you get the job done. The field of contracting branches off into many different areas, from tradies to architects, management consultants, photographers and many more.

A designer without their tools of trade is just a recipe for disaster, right? Whether you’re a graphic designer, an interior designer or costume extraordinaire designer, you rely on things like your tablet, phone and design specific tools to construct your grand designs.

Take a moment and think about all the bits and bobs that help you get through the day when running your business. For the tradies this may be your tools of trade, a collection of specialty equipment that has no doubt grown over the years.

There are many moving parts that help to keep your business running. Things like your office furniture, portable equipment, stock and even your business premises are all things you rely on and being without them is a drama you could live without.

If you work as a cleaning contractor or operate a small cleaning business, you know how important it is to have an eye for detail, ensuring you make your clients happy with squeaky–clean results. It’s also important that your business has the right insurances in place for when things get messy.

As a tradie, your tools are essential to getting the job done and losing them would be a disaster.

Running your own mobile business gives you a great sense of freedom, an ever changing office, being your own boss, what’s not to love? But like any small business, there is an element of risk for things to go wrong.

You shouldn’t think of insurance just as an expense, instead think of it as a protection plan, protecting your livelihood should an unforeseen (and rather costly) event occur. It will also provide some comfort and peace of mind.

If you own a small business, there’s no denying one of the most important things you need to protect is your business assets with Small Business Insurance. But what kind of insurance do you actually need?

In part three of our guide to understanding insurance, we take a look at Business Insurance, the different kinds of cover available and how it can help protect your business.