If you have finished all of your training and are about to step into the career path of a tradesmen, or perhaps just want to start learning a new trade, you may need to consider whether or not you have the right insurance to cover you if there are any potential accidents. Don’t take a risk and instead keep yourself out of harm’s way by finding the best insurance for you and your work.
If you are looking for the perfect insurance to suit your trade, you need to be able to find a no obligation insurance quote comparison for tradesmen, which will allow you to personalise your insurance so that it fully fits any vulnerabilities in your business model. When it comes to your work, your clients expect a high a standard, whether that is fixing or building parts of their home or even just working on a public community project.
However, what they underestimate is how hazardous working in this field truly is. With over 64,000 non-fatal injuries happening to trade workers each year in the UK, your policy must be tailored to suit your own needs. So be sure to go online to compare different quotes from your intended insurers. When you find one you approve of, then be sure to barter with them to see if you can gain more benefits or a cheaper cost. If you have a proven track record of keeping safe whilst on a job, then your insurer may choose to lower your insurance cost even further.
Liability Insurance Types
Whether you are a sole tradesman or work under a company, if you want to make sure that you are fully covered by your insurance, you should be looking into these three types of liability cover:
• Public Liability Insurance
This insurance is extremely useful if you are looking to protect your business from any potential claims that arise from accidental injuries that occur to a customer, or if a member of the public is in a future accident in connection with the work you undertook. Whether this is simply by slipping over your equipment or through a maintenance malfunction, this insurance can make sure that any claims against you can be taken care of without causing you a financial problem for you and your company.
• Employers’ Liability Insurance
This insurance is a legal requirement for any tradesman, due to UK law, and if you do not get it after you have started employing any additional tradesmen in your team, then you could be fined up to £2500 pounds per day. Employers Liability Insurance will protect you against any claims from your employees if they become injured or fall ill due to work. This can be onsite or off site, and even from your former employees.
• Professional Indemnity Insurance
Professional Liability Insurance will cover your business just in case your clients accuse you of damage or incorrect advice that has caused them to lose their money whilst investing in a new project. No matter what sort of accident happens, you should also keep an Accident Book to ensure that the same mistake.