Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Tradesmen

As a tradesman you will constantly be relied upon by the public to help fix problems or carry out specific jobs for them. You may be a reputable tradesman with years of experience behind you but this does not protect you from having a claim made against you. If you make a mistake or act negligent you could be open to claims.

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:

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.

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:

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.

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 Tradesmen

Dealing with different customers in different locations puts you at risk. Customers trust the advice that you give them but occasionally this can lead to injury and financial losses for your customer, so they will submit a claim. However, you may carry out work that may be substandard and could cause injury, it may seem unlikely but there is always that chance it could happen.

Whether you are an electrician, carpenter, plumber or builder you are have to consider your customers in every aspect of your job. However, if they are exposed to situations or advice that can cause them injury or financial loss as a result of negligence then you are accountable. Defending these claims, whether they are true or not will cost you money and could result in you losing your business.

Business Insurance For Tradesmen

Business Insurance For Tradesmen

Our business insurance will guarantee the protection you need to handle these claims efficiently and professionally without it affecting the running of your business. Public liability insurance and professional indemnity insurance are there to serve a purpose and that is to protect you.

How Does It Work?

As a tradesman, your customers are crucial to your income. Without them you will not earn a living and will effectively be out of business so you have to consider their safety and needs. As with anything in life, being a tradesman comes with its fair share of risks and you have to consider how you deal with them.

Business insurance will help to ease the problems these claims can cause you by reducing the financial impact and time implication often experienced. Claims can be linked to bad advice you may offer or because of negligence when it comes to your workmanship. Whichever way you look at it, business insurance is important.

Professional indemnity insurance is important in so many ways. Your work could develop a fault that could cause injury or you could advise a customer that results in them losing money or becoming injured all of which gives your customer the right to a claim. If you are an electrician, you could leave live wires exposed or if you are a plumber an ill-fitted joint could cause a huge water leak. Having the right insurance will give you the confidence to handle these claims because you are protected regardless of the outcomes.

Working in the homes or offices of your customers will mean that you have to consider their safety. If you leave tools lying around or other equipment, your customers could come to harm if they fall over them or if you are up a ladder and drop a tool that once again causes injury, your customer will have the right to claim. Claims are expensive when it comes to defending them and further costs will be incurred if you have to pay compensation so having public liability insurance will remove any financial worry.

The Features

Business insurance will provide you with the following features:

  • All claims are covered regardless of their success
  • Claims are assessed in order to release payment
  • Business insurance will become a crucial addition to your business operations
  • All costs associated with claims and compensation payments will be covered
  • Cover that is tailored to your needs
  • Court appearance costs are paid
  • Payment options are flexible

What Are the Benefits?

Here are the benefits of business insurance:

  • Your business will meet all legal requirements and regulations
  • Business needs can remain a central focus for you
  • Cover will deal with all costs
  • Advice always available and legal representation
  • Business insurance will give your business a professional appearance

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