If you are a tradesman, you will know that there are many aspects to running a business, including arranging tradesmen insurance. Whether you are a builder, electrician, plumber or gardener, tradesman insurance will protect your business in the event that an unforeseen circumstance occurs. To help you find the best tradesperson insurance, we have compiled this quick guide.
While completing any form of trade work, there will be risks involved. Arranging adequate tradesman insurance cover will ensure that you are protected at all times. There are a variety of insurance types available, designed to provide compensation if a claim or incident occurs. The main types of insurance include:
Tradesman public liability insurance – This form of tradesman liability insurance is designed to cover claims made by members of the public, including your customers.
Product liability insurance – Is designed to cover claims against your business in relation to products that you have sold which cause damage or injury.
Tradesman tool insurance – This will protect your business tools against damage, theft or loss.
Employer’s liability insurance – If you have any employees, this form of insurance is a legal requirement. It will protect you against any claims which an employee may make due to an illness or accident in the workplace.
Stock cover – If you need to hold stock, this insurance will protect you against loss or damage of these items.
There are also other policies available such as business interruption insurance, personal accident cover and business equipment insurance. It is possible in many cases to arrange policies which include a variety of cover types. Although, some tradespeople will choose to purchase separate insurance policies.
There are some exclusions in tradesman insurance policies, which you should be aware of. For example, insurance will not cover the wear and tear of your tools. You will also need to have adequate security in place, otherwise any claims may be void.
The cost of tradesman insurance does vary significantly, with the overall price depending on a range of factors. For example, the risk associated with your trade, the level of cover required and the value of your equipment. In general, the larger the amount of cover you require, the more expensive the premium will be. If your business operates in a high-risk industry and owns valuable equipment, you will be paying more than a low-risk tradesperson.
We know it can seem hard to compare quotes; however, it is possible to find cheap tradesman insurance.
The best tradesman insurance is available at competitive prices, when you compare quotes through our website. Here at BusinessComparison our knowledge and experience can help you find the ideal tradesman insurance for your business type.
Our quick online form will provide our insurance team with the details needed to obtain tradesman insurance online quotes. We have partnered with a range of leading insurance providers, so that you can compare quotes in one quick place. We aim to help you find the exact cover you require at the best price, without having to compromise on the level of cover.
It is easy to compare quotes through our website, so that you can ensure you are being offered the level of cover you require. It is always important to read through the exact terms of the insurance, so that you can be sure your business is not under-insured. Once you have found the ideal cover, simply let us know and we'll help you complete the process. To find out more about which tradesman policy is ideal for you or to obtain a quote, please contact our experienced team.