Whether you're an electrician, plumber or carpenter, it’s important to protect your livelihood. That's why having the right insurance is crucial when the unexpected happens. Tradesman Insurance is specifically designed to meet the unique needs of tradespeople and skilled trade business owners like you, and we have a range of options that can be tailored to your specific business needs.
- Protection to fit you and your business
- Experienced and knowledgeable brokers
- Legal expenses cover
- Compensation cover
- In-house Claims team
What is Tradesman Insurance?
Tradesman Insurance is a type of Business Insurance designed specifically for self-employed tradesmen or businesses specialising in skilled trades. This includes carpenters, electricians, plumbers and bricklayers.
The coverage provided by Tradesman Insurance in the UK can vary depending on the policy, but it usually includes Tradesman Public Liability Insurance. This covers you if a member of the public is injured or their property is damaged as a result of your work. This can be essential if you work with dangerous tools or machinery, or perform work that has the potential to cause damage to a client's property.
Tradesmen Insurance can also include Employers’ Liability Insurance (which is required by law if you employ anyone in your business), Tool Insurance for your equipment and Business Interruption Insurance.
What does Tradesman Insurance cover?
Tradesmen Insurance is designed to protect tradespeople like you from the risks and liabilities associated with your work.
One of the most common types of cover is Tradesman Public Liability Insurance. This protects you in case a member of the public is injured or their property is damaged as a result of your work. For example, if you accidentally cause a water leak that damages a client's property, Tradesman Public Liability Insurance can cover the cost of the damage and any legal fees.
Employers’ Liability Insurance may also be needed. This is a legal requirement if you employ anyone in your business and protects you in case one of your employees becomes ill or injured as a result of their work for you.
Tool Insurance is commonly included in Tradesman Insurance too. This insurance covers the cost of repairing or replacing your tools and equipment if they are lost, stolen or damaged. This can be particularly important if you rely on specialised tools and equipment to do your work.
If you hire or own machinery, you may be interested in adding Plant Insurance to your policy. This can provide cover against malicious or accidental damage, as well as protection against theft and fire.
Business Interruption Insurance is also often included in insurance for tradesmen. It protects you if you are unable to work due to circumstances outside of your control, such as damage to your workshop by a fire or flood. It can cover lost income and help you get back on your feet as quickly as possible.
It’s worth considering Cyber Insurance too. According to the 2023 Cyber Security Breaches Survey, 32% of businesses reported breaches or cyber-attacks in the preceding 12 months. This rises to 59% of medium businesses and 69% of large businesses. Getting financial protection in case a breach occurs could therefore be more than worthwhile.
Finally, Professional Indemnity could be useful for your business. If you offer advice or guidance to clients, this will protect you should someone claim that you have been negligent or given bad advice.
Do I need Tradesman Insurance in the UK?
While Tradesman Insurance is not a legal requirement in the UK, it is highly recommended to protect your business and give you peace of mind. Without insurance, you could be liable for costly legal fees and compensation payments in the event of an accident or injury. Please note that Employers’ Liability Insurance is a legal requirement if you have any employees. This can be arranged on a standalone basis.
Who is Tradesman Insurance for?
Tradesman Insurance is designed for self-employed tradespeople who work in a variety of industries, including construction, maintenance and repair. It is also suitable for larger business owners who employ other people and want to protect their employees and their company.
Is Tradesman Insurance the same as Public Liability Insurance?
Tradesmen Insurance often includes Public Liability Insurance, but it can also feature additional cover depending on your individual needs. Public Liability Insurance specifically covers you if a member of the public is injured or their property is damaged as a result of your work.
What is a self-employed tradesman policy?
A self-employed tradesman policy is a type of Tradesman Insurance that is tailored to the specific needs of self-employed tradespeople. It can include Public Liability Insurance, Tool Insurance and Business Interruption Insurance, among other options.
What does Tradesman Insurance cost?
The cost of insurance for tradesmen depends on a number of factors, including the type and level of coverage you need, the size of your business, and the level of risk involved in your work. Contact us today to protect your business with our Tradesman Insurance.
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