Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Locksmiths

As a locksmith your customers rely on your specific skills and knowledge to help them with a whole range of lock related issues. You may be efficient in the way that you work but poor workmanship, incorrect advice and negligence could leave you open to a claim against you and the business.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

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.

4 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

About Business Insurance For Locksmiths

Some problems may need rectifying immediately while others may be manageable with the right advice. However, as your job requires you to not only offer advice but also work on property that belongs to others, you are putting yourself and your business at the risk of claims being made against you. You may be efficient in the way that you work but poor workmanship, incorrect advice and negligence can all have financial implications for your customers. This means that they will want to recover any financial losses and this only highlights the importance of having business insurance in place.

Falling into the trap of believing that a claim will never be made against you can lead to serious problems. It is easy for you to omit crucial information when offering advice and a simple misjudgement can result in you damaging the property of a customer. Business insurance is designed to protect you and should a claim be made against you it will be there to cover all costs. The costs associated with defending claims and paying compensation can spiral out of control but with business insurance in place you can relax knowing that you are fully protected.

Cheap Business Insurance For Locksmiths

Cheap Business Insurance For Locksmiths

How Does It Work?

When you decide to take out business insurance you will benefit in many different ways. Your business will be protected from the many risks you are exposed to and this means that costs will be covered should a claim be made against you.

If you provide your clients with incorrect advice, act negligently, cause injury or carry out poor workmanship then they have a right to make a claim.

Professional indemnity insurance will protect your business from any claim made against wrong advice that you may offer, poor workmanship and negligence. You might feel that your experience removes any risk but this is not always the case. You could wrongly advise a client that a problem with their lock is not urgent when in actual fact it could leave their property unprotected and at risk of burglary or you may damage their property while removing or fitting a lock. If you customers experience damage to their property or financial loss, then they will want to recoup their losses through a claim.

Working in the property of your customer means that you have to work with safety in mind. This means that you cannot leave dangerous equipment lying around and you must take care when handling this equipment. A customer could become injured from broken parts or just a stray piece of equipment. However, if you damage their property while carrying out the work then you are also at risk of a claim being made against you. This is where public liability insurance will provide you with the cover that your business needs.

The Features

If you opt for business insurance then you will experience the following features:

  • Complete cover for all claims
  • Complete assessments before pay
  • Protection for your business
  • Costs linked to defending a claim as well as settlement costs are included
  • Business needs are understood so the right cover is selected
  • Court costs are included
  • Cover to suit your budget

What Are the Benefits?

Business insurance has these benefits:

  • Meet all legal requirements along with regulations
  • More attention can be paid to your business needs
  • Complete financial protection
  • Professional advice along with representation is included
  • You will have peace of mind and confidence in the cover

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