Tradesman Insurance

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What is Tradesman Insurance?

Tradesman insurance, often referred to as “tradesman’s liability insurance” or “trade insurance,” is designed to provide protection for self-employed individuals and small business owners in the trade and construction industries.

Many occupations, typically the allied trades, fall under the terms ‘tradesman’.

A specialist insurance policy for tradespeople can include a wide range of cover, all fully tailored to your exact requirement as a business.

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We know how difficult comparing policies can be. That’s why our trained team are here to help you find dedicated brokers who want to quote you.

Our service is free and impartial with no obligation to buy.

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What our Comparison Expert Says

‘Insurance for tradesman can cover a lot of things, many of which you may not even need. We suggest always speaking with a specialist broker in order to ensure you have the right tradesman insurance for you and not over insuring for risks not associated with you line of work!’

- Michael Tribe

How our process works

We’ve worked hard to refine our process and keep it as quick, easy and simple as possible for our customers.

Complete Our Quick Quote Form

Provide us with a small amount of information on our quick and easy form. If you don’t want to fill out our form, simply give us a call instead and 1 of our agents will do it for you!

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We look at your individual needs and find you brokers who can save you the most and offer you the best value for money.

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You’ll receive multiple quotes tailored specifically to your own insurance needs.

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Once you have all the quotes you’d like, you pick the right policy for you at the best price.

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What’s Covered By Tradesman Insurance?

Insurance for tradespeople is very versatile and can be tailored to include a large number of cover options. Not all will be required by you but they are there should you need them.

Public Liability Insurance

This protects tradespeople against claims made by third parties (clients, customers, or members of the public) for injury or property damage resulting from the tradesperson’s work or business activities.

Employers' Liability Insurance

This is a legal requirement for most businesses that employ staff. It covers claims made by employees who are injured or fall ill as a result of their work.

Tools and Equipment Insurance

This covers the replacement cost of stolen, lost, or damaged tools and equipment. Some policies might also cover the cost of hiring replacement tools while awaiting repairs or replacements.

Contract Works or Contractual Works Insurance

This covers a tradesperson if a project is damaged or destroyed before it’s completed. For instance, if a partially constructed building was destroyed by fire, this insurance might cover the costs to rebuild it.

Personal Accident Insurance

This covers the tradesperson if they are unable to work due to injury or illness, ensuring that they can still receive an income during their recovery period.

Products Liability Insurance

This protects against claims arising from products supplied by the tradesperson that cause injury or damage.

Professional Indemnity Insurance

While more common for professionals like architects or consultants, some tradespeople might need this cover. It protects against claims of negligence or errors in the advice or design services provided.

Van Insurance

If a tradesperson uses a van, tipper truck or other vehicle for work, they’ll need appropriate business vehicle insurance.

When considering tradesman insurance, it’s essential for tradespeople to evaluate their risks and needs carefully. The nature of the job, the types of projects undertaken, and the value of tools and equipment will influence the types and levels of coverage needed.

Tradesman insurance can be vital for professions like plumbers, electricians, carpenters, builders, landscapers, and many other skilled contractors in the construction and home services industries.

Finding Cheap Trades Insurance

If you are looking for cheap tradesman insurance, there are a few things you could do tell help you.

Bundle Your Policies

Many insurance providers offer discounts if you buy multiple types of insurance from them. For instance, combining public liability, tool insurance, and van insurance with the same provider might lead to savings.

Increase Your Excess

If you can afford to pay a higher deductible (the amount you pay out-of-pocket before insurance kicks in), it can decrease your premium. However, be sure that you can cover the deductible amount in the event of a claim.

Regularly Review Your Coverage

As your business evolves, your insurance needs might change. Regularly reassess your coverage to ensure you’re not over-insured or paying for unnecessary additions.

Compare Tradesman Insurance

Don’t simply renew your policy without checking other providers. Prices and offerings can vary significantly between insurance companies.

Implement Risk Management

Demonstrating that you have good risk management practices can reduce your perceived risk, possibly leading to lower premiums. This could include: regular safety training for employees, investing in high-quality tools and equipment with safety features and implementing strict health and safety policies.

Pay Annually

Some insurers offer discounts if you pay your premium annually rather than monthly.

No Claims Discount

Many insurers reward policyholders who don’t make claims with reduced premiums over time. This is called a no-claims bonus or discount.

No Claims Discount

Many insurers reward policyholders who don’t make claims with reduced premiums over time. This is called a no-claims bonus or discount.

Limit Policy Addons

While it’s essential to have comprehensive coverage, avoid adding too many extras that you don’t need. Tailor your policy to your specific needs.

Secure Tools & Equipment

Reducing the risk of theft by securing your tools, whether in your vehicle, at a job site, or in storage, can potentially reduce your insurance costs. Using GPS tracking, high-quality locks, and secure storage can all be advantageous.

Remember, while it’s essential to save money, it’s equally crucial not to skimp on coverage. Being under-insured can lead to significant out-of-pocket costs in the event of a claim, which could be detrimental to your business. Always balance cost-saving measures with the needs and risks of your trade.

Who Needs Insurance For Tradespeople?

Tradesman insurance is tailored for individuals and businesses in the trade and construction industries. It’s designed to provide protection against common risks associated with these professions. Here are some professions and scenarios where tradesman insurance may be relevant:

Skilled Tradespeople: Such as: electricians, plumbers, carpenters and joiners, builders and bricklayers, roofers, Painters and decorators, tilers, landscapers and gardeners, plasterers, HVAC technicians and flooring specialists.
Mobile Businesses: Those who are often on the move, working on different client sites or homes, can benefit from insurance coverage, especially for their tools and equipment. These could include home improvement specialists.
Subcontractors: Even if they work under a main contractor, subcontractors may need their own insurance, especially if the main contractor’s policy doesn’t cover them.
Self-employed Tradespeople: Being self-employed often means you don’t have the protective umbrella of an employer’s insurance policy. Therefore, having tradesman insurance is crucial to protect against potential claims and unforeseen events.
Tradespeople with Valuable Tools & Equipment: If your profession requires expensive tools or machinery, having them insured against theft, loss, or damage can be essential.
Professionals Offering Design or Advice: Some tradespeople also offer specialized design or advisory services (e.g., a landscape designer). In such cases, professional indemnity insurance can protect against claims arising from alleged errors or negligence in the advice or design provided.
Tradespeople Working on Large or High-Risk Projects: For those involved in bigger or riskier projects, contract works insurance can protect against unexpected events that damage or destroy a project before its completion.

It’s always advisable for individuals in the trade and construction sectors to consult with an insurance professional to determine the specific types of coverage they might need based on their unique risks and requirements.