Working as a contractor will leave you open to risks when working with clients and on projects. To protect yourself you will need adequate business insurance. Cover from our experts can be arranged quickly across a wide range of insurance needs including professional indemnity, public and employers liability insurance.
Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:
2 providers expertly compared:
Provider
Hiscox Business Insurance
Products
Business Insurance
Business Type
Sole Traders, Partnerships & Limited Companies
Speciality
Small business and commercial insurance
Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.
2 providers expertly compared:
Provider
AXA Business Insurance
Products
Business Insurance
Business Type
Sole Traders, Partnerships & Limited Companies
Speciality
Small business and commercial insurance
AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.
As a contractor you will be familiar with the requirements of having to work for yourself. This leaves you vulnerable as you are dealing with clients and their specific needs. You may be a building contractor, a plumbing contractor or even an engineering contractor whatever you do you need to protect your business.
Your customers will rely on you to use your knowledge, expertise and experience in order to work efficiently. However, this means that you are exposed to a number of risks that can lead to customers submitting claims against your business. These claims can be linked to bad workmanship, incorrect advice and negligence but fighting them can be extremely expensive. Paying compensation and defence costs regardless of the outcome of the claim could prove damaging for your business so you need to ensure you are protected.
Business insurance will become an important tool for your business because it will give you the cover you need to protect your business. You may have a vast amount of experience and you may never have had a claim submitted against you but remember that it is possible in the future. You could leave out a crucial piece of advice and stress of impending deadlines could cause you to drop your working standards. When you make a mistake you need to be sure that the protection is there for you because it can make a huge difference to your business and your future.
Business insurance can help your business to operate efficiently in the event that a claim is made against you. This protection is crucial to the success of your business.
By choosing to have professional indemnity insurance you will be making the right move to protecting yourself from possible claims. In your line of work your customer may rely on you to offer them advice that they rely on or you could carry out work that is of a poor standard. Both can result in customers obtaining injuries or experience financial losses. If you are a plumbing contractor the wrong advice could result in a catastrophic water leak or if you are an electrical contractor leaving live wires exposed could cause significant injury. Examples such as these could lead to customers making a claim against you.
Carrying out work on the property of a customer puts you at further risks that could lead to a claim and this is why public liability insurance is perfect for you. A customer could become injured by falling equipment if you happen to be working up a ladder or if you happen to damage the electrics in their property that requires further work they will look to recover any lost finances associated with damages and repairs. This is exactly why public liability insurance is a crucial tool for your business.
Business insurance comes with the following features:
There are many benefits linked to this cover:
