Ultimate guide to getting the tradesman insurance you need

As a tradesman, having the correct insurance can help reduce stress and possibly save you time and money too. Read on to find tips on how you can choose the appropriate cover for you.
As a tradesman, making sure you have business insurance cover that meets your needs is essential. It’s worth checking whether you have the correct policy to suit your changing requirements as your business grows. You don’t want to wait until you have a claim to find out that your cover was not as good as you thought it was.

Assessing the business risk (public liability)

Being a tradesman can be a risky business no matter how experienced or competent you are. The people who you interact with be it clients or other members of the public, need to be kept safe while you’re working. Public Liability cover ensures that if an accident does happen your business is protected from claims made against you by the general public or clients. The types of claims can be as varied as personal injury claims to damage to their property. If members of the public, clients or customers visit your place of work or you visit their home or place of work then you really should consider Public Liability insurance.

In order to ensure you choose the right policy for you and your business, ask yourself the following questions:

  • What’s included in my policy?
  • Do I have the correct level of cover for my business?
  • Does the level of cover work for my clients too?
  • What if I have more than one core trade, are these all covered in my policy?

Do you need Employers Liability insurance?

Whether you’re a plumber, electrician, cleaner, childminder, musician, entertainer or any other trade if you employ anyone in the business you will need Employer’s Liability insurance of a minimum of £5 million. Without it you are breaking the law and you could be fined £2,500 every day you are not properly insured. There are a few exceptions to this rule – for details please go to gov.uk.

To choose the right policy for you, ask yourself the following questions:

  • What’s included in the policy
  • For manual or clerical work what’s the highest number of people that can be covered

Insuring your tools and equipment

Theft of tools is unfortunately a common issue for tradesmen. Keeping your tools safe is important as losing them could impact your business. Taking out the right cover for work tools and equipment is therefore a key consideration.

So you should ask yourself the following questions before buying cover:

  • What precautions am I required to take to ensure equipment is kept secure if left onsite overnight?
  • If equipment is stolen from a parked vehicle is it covered?
  • How much the total value of the claim for equipment or tools be?

It’s really worth your while searching for the right tradesman insurance to suit your business and to ensure you don’t find yourself on the wrong side of the law. It should also bring peace of mind should your customers or members of the public get injured due to your business.