As a self-employed tradesperson working with both businesses and the public, covering yourself with tradesman insurance is essential. Whether carrying out repairs in people’s homes or working on commercial properties, there are many potential pitfalls a tradesperson can encounter.
What’s covered in Tradesman Insurance?
Which trades does it cover?
- Bricklayers
- Builders
- Decorators
- Mechanics
- Dog groomers
- Electricians
- Plumbers
What’s included?
Cover can be customised to suit you and your specific needs. Typically, a tradesman insurance policy includes;
Public liability insurance. This covers legal expenses resulting from claims made by a third party and any compensation due as a result of an injury or damage to property.
Professional Indemnity Insurance. This covers compensation costs from claims of negligence brought against you from advice or expertise given to third parties.
Tool Insurance. Coverage for your tools for loss, damage, or theft.
Employers’ Liability Insurance. Even if you employ just one member of staff, you’ll need employers’ liability insurance. This protects your employee in case of accident or illness due to work and covers you for any compensation paid out in the event of a successful claim made against you.
Business Interruption Insurance. Should you find yourself unable to work due to illness or other issues out of your control, Business Interruption Insurance will cover you for loss of income while the disruption lasts.
Stock Insurance. If your work involves holding stock on your premises, any loss or damage to this stock could hurt your business. Stock insurance covers you for loss, theft, or damage from things like fires and floods.
Is Tradesman Insurance Legally Required?
The only legally required insurance for tradespeople is employers’ liability cover needed as soon as you employ a member of staff. However, you might struggle to join trade associations without having additional cover.
Having the right insurance can also help you find new clients. Showing that you are responsible and well-protected can offer peace of mind for prospective clients and encourage them to book you.
If you decide not to opt for additional cover, you need to ask yourself if you can cover the cost of any claims made against you? Could you afford to replace your tools if they were lost, stolen, or broken? If the answer is no, then you must think about getting tradesman insurance.
Tradesman Insurance from The Bateman Group
The Bateman Group has been matching tradesmen with the right insurance policies since 1967. Our cover includes areas such as
- Public liability cover (up to £10 Million)
- Employers’ liability (up to £ 10 Million)
- Tools & equipment cover
- Contract works cover (cover for the hired-in plant also)
- Cover for hazardous locations
- Cover for heat work and installations
Speak to our team today by calling 01926 495 113 or use our contact form for a quote.
