Are you Looking to buy Tradesmen Insurance?
Buckingham Insurance can provide a range of Tradesman Insurance quotes from the UK’s top insurance providers. For friendly and professional advice about arranging your tradesman liability insurance speak to our Business Insurance tea today. Call us now on 01246 575 625 or use the contact form on this page.
What does Tradesman Insurance do?
Tradesman Insurance packages provide all the cover that a professional tradesman needs under one policy. This can include:
- Employers Liability
- Public / Product Liability
- Professional Indemnity (if required)
- Tools & Plant
- Materials and Contract Works
- Motor / Fleet Insurance
Tradesmen Insurance works to cover you against any injury caused to your customers, the public or your employees as well as covering any damage caused to their property as a result of your work. You can also arrange insurance to cover you against claims of negligence with regards to professional advice. It will cover your employees against accident, injury or even death sustained while working for you. It may also cover you for lost or damaged tools (owned or hired in) or faulty stock.
Who needs Tradesman Insurance?
‘Tradesman’ insurance isn’t just for bricklayers, plumbers and electricians. Tradesman Insurance is a packaged business insurance policy designed to work for people running businesses ranging from bike shops through to hairdressing salons and even professional service businesses like accountants. It is applicable to plumbers, too!
As a business owner or manager, you face many risks which can leave you open to lawsuits from all directions. It makes sense to protect your business and your customers from any mishaps or accidents that can occur on the job as well as failed equipment, products or services. Mistakes can and do happen and they can be extremely costly.
What happens if the under-floor heating fails right after you’ve installed it or a hair product you’ve used accidentally perms your customers hair? Or even if a carelessly placed bucket tripped a passer-by. Could you afford to fix the repairs, or pay the legal costs if a claim goes to court? All these and more can be insured against with Tradesmen Liability Insurance, so if the worst does happen, it doesn’t take your business and your reputation with it.
Some insurance is a legal requirement. If you have employees, even if they are contractors or casual laborers rather than permanent employees, you must have Employers Liability Insurance. If you’re contracted to work on site, some companies will require you have Professional Indemnity or Public Liability Insurance before they’ll even work with you.
If you bid for contracts with larger firms, councils or other contractors, many will make insurance a condition of awarding the job. Why pass up an opportunity when you could arrange cover in a few minutes right here?
Who are ‘Tradesmen’?
Tradesmen Insurance covers all the main building trades as you might expect, plus lots of other trades. If you perform a service, or a trade, then you are a tradesman. Builders, carpenters plasterers, painters and decorators, electricians and plumbers & heating engineers will all benefit as well as beauticians, hair dressers and many more.
How Much Tradesmen Cover will my Business Need?
The amount of cover you need depends on your individual business and the likely risks you may encounter. It may also depend on the kind of work you do.
For Public Liability, a minimum of £1m in cover is normal, however some customers or clients may insist on a higher level before they will allow you to work with them, or work on their premises. If you have employees – even if they are contractors, volunteers or casual labour, a minimum of £5m Employers Liability cover is required by law.
The amount of cover you might need for tools, plant and other options needs some thought. It’s easy to underestimate how valuable your kit is until it has gone missing and you have the bill for replacements. Having to replace the tools or equipment for an entire company is often bankrupting.
No one knows your business better than you, so when deciding on the level of cover you need, think about the value of work that you do, and also about the value of work you do for your customers. If you are still unsure, speak to an advisor here, or call on 01246 575 625.
Why Compare Tradesman Liability Insurance with Buckingham Insurance?
Buckingham Insurance has been providing businesses across Derbyshire and South Yorkshire with invaluable, trusted advice and service for almost 40 years. With a heavy investment in staff training and leading technology, together with good old fashioned close relationships with both our Insurer partners and clients, we pride ourselves on competitively priced, quality cover backed up by first rate service.