What insurance do I need as tradesman?

It is important for tradespeople to be aware of what insurances are available to them. If you are employed by someone else, it’s not likely that you will need to arrange your own tradesman insurance, but do check with your employer to see if they have the right cover in place.

If you are self-employed, it’s important to realise the types of insurances available to you. The most common ones for tradespeople to consider are trades Public Liability insurance, Professional Indemnity insurance, Tools insurance and Van insurance.

But you may also wish to think about the following insurance:

• Employers’ Liability insurance
• Motor Fleet insurance
• Commercial Premises insurance
• Legal Expenses insurance
• Construction insurance
• Small Business insurance
• Performance Bonds
• Personal Accident and Sickness cover

 

Why do you need coverage for your trade's business?

We know it can be confusing, but it works in your favour. Because you can pick and choose which elements of cover you actually need. That way you’re protected for the type of work you do, and not overpaying for things you don’t need.

Builders, plumbers, electricians, handymen, locksmiths and cleaners – your chosen profession means you are working around members of the public. You’re also operating specialist equipment, in people’s homes, and driving from job to job. The nature of your job, and the environment in which you’re working means there’s a greater risk of accidents happening than in some other working environments.

But when you’re insured for those mishaps, the risk of financial loss or damage to your business is greatly reduced. A quick quote online, or one quick call to your insurance provider and you could be covered in no time - from injury caused by trips over a toolbox to expensive legal and compensation claims.

What does it cost to protect your business?

As your insurance cover can vary greatly, so can the cost. When you’re dealing with an insurance provider who has experience of tradespeople – they know the right questions to ask. That way you don’t end up paying any more than you need to. You may be asked for your location, the size of your business and team and what type of equipment you use. From this, a quote can be easily produced, and you can be covered swiftly.