With our on-line service you can compare quotes from our panel of leading insurers and build you policy quickly to meet your own requirements giving you the opportunity to review the full details of your cover and make sure that you not only get the best deal for your tradesman insurance but that it is a policy that provides you with the essential protection you require.
What is tradesman insurance?
The tradesman insurance policy is a at it’s heart a public liability insurance policy with a variety of additional cover options available to provide you with a cost effective business insurance solution.
Who needs tradesman insurance?
Although the name suggests that the policy is suitable for tradesmen and contracting trades, the product is actually available to a much wider range of businesses, trades occupations and professions. We have more than 1000 standard trades to choose from and provide cover under these policies for some occupations and businesses that perhaps have never been heard of before!
With public liability insurance at it’s centre, this cover is essential for anyone in business and with employers liability included for any business that has employees it also meets your legal requirements for that insurance.
How much does tradesman insurance cost?
the tradesman insurance policy is rated on a per capita basis; this means that the basic premium is calculated on the number of people involved in the business, whether they be principals or employees, and the activities that these people are engaged in. The actual cost of your tradesman insurance will depend on how many people are involved in your business, the type of work you undertake, the level of cover that you require and whether you have previously had any claims under this type of policy.
What cover is available under a tradesman policy?
The full range of cover available under the policy does vary from provider to provider but all have the public liability insurance as a mandatory section.
- Public liability insurance protects the policyholder against claims made against them in respect of their legal liability for personal injury or property damage arising during the course the business.
If you have employees within the business then employers liability insurance will be automatically added to your quote.
- Employers liability protects the policyholder against claims made against them for their legal liability for death, disease or personal injury sustained by an employee during the course of their employment. This is a legal requirement for most employers.
Different insurers provide differing additional cover options but the following cover is broadly available
- All risks insurance in respect of business tools and equipment protecting you in respect of claims for loss or damage to your tools of the trade.
- Personal accident insurance protecting your income if you are unable to work as a result of an accident.
- Business legal expenses
Additional cover options available from limited providers
- Contractors all risks insurance protecting you in respect of claims for loss or damage to the contract works.
- Professional indemnity insurance protecting you against claims made against you in respect of a breach of professional duty.
What is the limit of indemnity under a tradesman insurance policy?
The limit of indemnity applies to the public and employers liability section of the policy and represents the insurers maximum liability under the policy in respect of any one claim.
For employers liability this will be £10M as standard, the legally required minimum is for £5M.
For public liability you will choose you own limit based upon the needs of the business and any contractual requirements you may have. The common limits are £1M, £2M and £5M although other limits are available.
What is the excess under a tradesman insurance policy?
the policy excess is the amount you pay in respect of any claims that occurs under the policy, it is your contribution to the claim and is intended to improve the level of care employed by policyholders and to reduce the number of low cost claims that are still expensive to handle. The public liability section will have a third party property damage excess, the employers liability section will have no excess and any additional cover options will be subject to a policy excess that varies from insurer to insurer. The good news is that all this information is available to you immediately for each quote that we produce for you.
Is tradesman insurance cover available immediately?
Yes for the majority of trades and occupations the whole quotation process takes less than 5 minutes on-line, you can then review the various quotes, make your decision and buy on-line, downloading your policy and any certificates immediately. Alternatively, you can call us and discuss your requirements with a broker who will be more than happy to take you through the process over the phone and provide you with our best terms for your tradesman insurance.