Tradesman Insurance

As a tradesman, your living could be ruined by a simple error in a matter of seconds. This is where a tradesman insurance policy can come to the resuce, when you need it the most. Tradesman insurance is set up to provide you with cover against financial losses arising from situations at work. Whether you come up against a personal injury, legal action or liability issues, a tradesman insurance policy should provide you with the protection you need.

Top Tradesman Insurance Companies

Finding an insurance company who looks after you well is half the battle. Our two best performing tradesman insurance partners are:

The need for tradesman insurance

What if you cause a flood and your client claims for a new carpet? What if you make a mistake whilst installing wiring which caused damage to the property? Tradesman insurance would provide you with cover for such claims. The potential cost of damage can run into thousands of pounds and without tradesman insurance, you could be left facing that outlay yourself.

What's in a tradesman insurance policy

So, what's the limit? You may find a limit of indemnity is mentioned in your tradesman insurance policy. This is the maximum amount which the business insurance company will pay out on a claim. The indemnity limit for tradesman insurance is usually set at one to five million pounds. If you need this to be extended, speak to your tradesman insurance provider as they can usually accommodate you if given good reasoning.

The contents of a tradesman insurance policy can vary so it's important to read the small print before buying so you know exactly what your tradesman insurance is covering. Essentially, you should have legal protection towards your employees, the public and customers. If an injury or damage is caused as a result of your (or your employees') negligence or if you are found in breach of statutory duty, you may be liable to pay damages. This could cripple your financial situation if you do not have a tradesman insurance policy in place.

Tradesman insurance policies should be used (where necessary) to provide cover for employers' liability, product liability and public liability. In addition, you should think about whether motor vehicle liability or tools and equipment cover is relevant to you. Even if you don't have permanent premises, it's advisable to cover your tools and equipment against loss, damage or destruction with your tradesman business insurance policy. This may occur onsite or whilst in storage e.g. whilst stored in a work vehicle.