Living and working as a tradesman is no easy job. Early mornings, dirty hands and challenges waiting around every corner, all just a part of the job description. Due to the nature of the job, risks can be abundant for both your employees and the business. Can you confidently say that your tradesman insurance policy covers all of the risks your business faces?
Tradesmen – Does Your Insurance Policy Need Updating?
Insurance Made Personal
Potential risks involved in working as tradesmen
Regardless of what trade you specialise in, there will always be risks involved. This is just a part of working within the trade industry. With this great risk must come the protection for businesses in the case of an accident. Here is just a handful of the risks that your business may be vulnerable to…
Plumber
– Asbestos-related illnesses
– Disease picked up from contaminated water
– Third-party property damage
– Third-party injury
– Injury to temporary employees
Electrician
– Tools and equipment being stolen
– Exposure to electrical wiring
– Mistakes made with electrical work
Heating Engineer
– Damage to a client’s property
– Injury caused to the client by equipment
– Accidental death
– Legal expenses from claims
Home Improvements
– Damage made to a neighbour’s property
– Injury of employees
– Loss of tools and equipment
– Damage to plant
Overview of trade insurance
A trade insurance policy is a package of different types of insurance which are designed to offer your business protection from the potential risks you face on a daily basis. As tradesmen, your business is surrounded by potential risks, if the unexpected were to happen an insurance policy will help you overcome these claims made against the business.
What do a basic tradesmen insurance policy include?
As a business owner, it is likely that you have already taken out an affordable policy for your business. Often basic tradesmen insurance will provide you with the following…
Public Liability Insurance
This form of insurance offers your business financial protection if your operations cause accidental injury to a member of the public. If someone were to trip over your tools when working on the exterior of a property you would be at risk of a claim. Public liability insurance would offer to enable you to claim for any costs involved with the Injury of the third party.
