Tradesman Insurance
Tradesman insurance is a specialised type of coverage designed to protect individuals and businesses engaged in skilled trades or manual work. It encompasses various policies tailored to mitigate specific risks associated with the trade, such as public liability, employer liability, and tools and equipment insurance, ensuring financial security and legal protection against potential liabilities and unforeseen events.
Trades covered
Insurers provide different insurance products and cover a range of trades:
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carpenter
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electrician
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plumber
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gardener
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landscaper
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painter
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property maintenance
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bricklayer
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tiler
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building contractor​
... and more. Insurers can tailor policies according to your tradesman needs.
Types of Cover
Public Liability
Tradesman public liability insurance protects businesses and individuals in skilled trades from financial risks related to third-party injury or property damage claims. It covers legal costs, settlements, and compensation if a member of the public is injured or their property is damaged due to the tradesman's work, safeguarding the business against legal liabilities and ensuring continued operation.
Employers’ Liability
Tradesman employers' liability cover is a crucial insurance that protects businesses in skilled trades against claims from employees who suffer injury or illness as a result of their work. It is a legal requirement in many jurisdictions and is essential for providing financial assistance in covering legal expenses and compensation, ensuring the well-being of employees and the financial stability of the business.
Product Liability
Tradesman product liability cover is insurance that protects businesses in skilled trades from financial liabilities arising due to third-party injuries or damages caused by products they sell or supply. It is necessary to mitigate the potential legal and financial consequences of defective products, ensuring the business can address claims, cover legal expenses, and maintain its reputation in the market.
Personal Accident
Personal accident insurance provides financial protection in the event of accidental injury and ensures that tradesmen and their families are safeguarded against the financial impact of unexpected accidents that may occur while working on job sites or performing their trade-related duties.
Income Protection
Income protection insurance is essential for tradesmen to safeguard their finances. It offers financial assistance by replacing a portion of their income if they're unable to work due to illness or injury. It provides peace of mind, ensuring financial stability while tradesmen focus on recovering and getting back to work.
Optional Covers
Insurers may offer optional cover in addition to the liability coverage that makes up the main component of tradesman insurance. This may include cover for loss or damage to tools and equipment, legal expenses cover, hired in plant, and contract works, to name a few.
When Purchasing Cover
It's important for tradesmen to assess their specific needs, the risks associated with their profession, and the insurance policy terms before purchasing insurance. Consulting with an insurance professional can help in understanding the nuances of the coverage and ensuring that it aligns with the tradesman's requirements.
Get a Quote
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What types of coverage do small businesses and tradespeople typically need?Small businesses and tradespeople often require a combination of coverage, including public liability insurance to protect against third-party injury or property damage claims, employer liability insurance for employee-related risks, tools and equipment insurance for asset protection, and personal accident coverage for financial support during recovery from injuries.
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How can I determine the right level of coverage for my trade and business?The appropriate level of coverage depends on factors such as the nature of your trade, the size of your business, and the potential risks involved. Consulting with insurance professionals, assessing the specific needs of your trade, and considering factors like the value of tools and equipment, the number of employees, and the scope of your projects can help determine the optimal coverage for your business.