Tradesman Insurance from Prosura
No matter what your trade, and no matter whether you work as a main or sub contractor on new build sites or undertake building extensions or home renovations privately, it’s important to make sure you have the right insurance in place.
We understand that you just want to get on site and get the job done. Reviewing insurance policies doesn’t make you any money and just isn’t that interesting! But not having adequate protection in place could cost your business dearly. That’s where we come in. Our experienced broking team will take time to understand your business in depth, then arrange suitable quotes from a range of leading insurers for you. Prosura – because you have better things to do.
What is included on a Tradesman Insurance policy?
Every policy is different because it should reflect the precise exposures that your business faces. It could be that you work at height or depth as a scaffolder or a groundworker. It might be that you use heat and welding equipment, or own or hire in specialist plant equipment. A tradesman insurance policy is a packaged insurance which can be designed to include everything you need for your business – from liabilities through to personal tools cover. There are a number of core covers that you can typically expect to find on a policy, however:
Employers Liability for tradesmen. If you have anyone working under your control – even if just casual labour or part time, you are required by law to have a minimum of £5m in Employers Liability insurance in place.
Public Liability Insurance. While not a legal requirement, it’s often a contractual obligation to have Public Liability Insurance in place. It protects you in circumstances where a member of the public claims that they have been injured or suffered a loss as a consequence of your work.
Product Liability Insurance. Where you supply products that you install – be it a window or an alarm system – you could be held responsible if that product is deemed to have caused injury, illness or suffers property damage. Product Liability Insurance is designed to protect you from compensation costs and can also protect you where the product is faulty.
Contractors All Risks. This protects you against damage or destruction of works in progress, as well as theft or damage to equipment and tools, cover for any temporary site structures, and insures hired in plant and equipment.
Tradesman Legal Expenses. Contractual disputes happen. So do tax disputes. Where someone or an organization makes a claim against you, legal fees can soon mount up – even if your are subsequently proven innocent. Legal Expenses cover protects you from costs in the event that a claim is brought against you.
Other considerations when buying Tradesman Insurance
There are a range of other considerations to be made when looking to insure your tradesman business. It could be that you work from commercial premises or a yard where you keep equipment, stock and tools. It’s likely that you have a van – or multiple commercial vehicles that you use as part of your work. It could be that you design some of the systems that you install, or are likely to be regarded as the ‘expert on site’ – in which case you may need to consider taking out Professional Indemnity insurance.
Why buy Tradesman Insurance through Prosura?
With years of broking experience behind us, we’re well placed to assess and identify all aspects of cover that you may need as a tradesman. We’re here to let you get on with running your business by providing friction free access to expert advice and high quality insurers. We’re on hand with professional advice as your business evolves and expands.
We also give all our Tradesman Insurance Clients free access to PROSURA Digital Lawyer, saving them hundreds of pounds a year on Legal Fees.
For your Tradesman cover requirements, contact the specialist brokers at Prosura today.
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