A common misconception is that Public Liability Insurance includes cover for damage to the specific object being worked upon. So for example if a flooring contractor were to damage the floor that they are laying, this would not be covered. The reason for this is that insurers class this as defective or incorrect workmanship. Something that is not readily insurable against.

Using the same example, if the flooring contractor were to damage the walls whilst laying the flooring, it would be covered. The same can be said if the tradesman unintentionally caused somebody to trip or an injury to a third party.

Another belief among some trades people is that doubling your Public Liability Insurance limit from £1,000,000 to £2,000,000, will also double the premium. This is rarely the case. Insurers are aware that a claim of this size is highly unlikely and that most contractors require higher limits for either contractual reasons, or for membership to regulatory bodies. Some potential clients such as local authorities require limits as high as £5,000,000 or even £10,000,000.

If you are unsure of any areas of your policy then you should always get in touch with your broker as it is important to understand exactly what you are and are not covered for.

When considering Contractors Insurance, most people are aware of the main covers such as Employers Liability and Public/Products Liability – However there are additional covers available to you.

Tools are a vital part of a contractor’s ability to carry out their work and ultimately earn money. Replacing these items can be an expensive exercise; however it is a blow that can be softened by insuring them. These optional cover can be placed with most Tradesmen Insurance policies at a reasonable premium.  This matched with a low excess should be sufficient for this to be seen as a consideration.

Something that in particular sole traders and smaller companies should consider is Personal Accident Cover. Although this will only pay a percentage of your normal earnings, it could be sufficient to see you through a difficult time where you may have little or no income to support yourself and/or family.

Contractors All Risks comprising of Contract Works, Own Plant and Hired in Plant. Any contractor involved in construction, whether it be new build or extensions, should enquire about these covers.

Covering works that are under way (excluding existing structures) and the associated materials can be expensive to replace if disaster strikes.  Although man hours on sections of the contract completed will be lost, at least you will be able to claim to replace the materials lost. This is very reassuring for both clients and prospective clients alike.

A builder having their Own Plant allows them to quote more competitively when not having to account for hiring charges – imagine losing this advantage over your competitors and not being able to replace it.

Hiring companies often offer a level of cover provision on their plant, however this can be expensive. If this is going to be a common activity for you, it may be substantially cheaper to insure these items on an annual basis as part of your Contractors Liability Insurance.

If you are involved in running a business of any type then you will undoubtedly have a lot of things that need to be dealt with to ensure that the business runs as smoothly as possible. One thing that you may not necessarily think about immediately is getting the right commercial insurance policy that is suited for your particular circumstances and the industry you are working in. Getting a policy that is tailored for your business’ exact needs means that you don’t have to pay for any cover that you will never need. We have given you a brief outline of some of the main types of cover that you could potentially take out to help you make your decision.

Public Liability Cover

Getting this type of insurance can be vitally important for some businesses as it protects you in the event of a customer or member of the public being injured on your premises or while you are working. If an accident does occur and someone is hurt or there is any property damage then there is a high chance that a claim will be made. Without the correct cover you could end up having to make a large payout.

Employers Liability Cover

If you are employing anybody within your business then this type of policy is a definite requirement. It gives the same protection as public liability but applies to your employees. This again protects you in the event of someone being hurt whilst they are working for you. Accidents in the workplace can happen at any time so you have got to make sure you have this protection in place.

Commercial Property Cover

Again, taking out this cover can be highly beneficial to your business although it will obviously depend on what you do. The right property policy will cover all of the buildings that are used by the business as well as anything that is inside them. You will be protected from any losses that occur as a result of fires, floods or theft so it can be priceless if you hold a lot of stock or have expensive equipment. With this cover, you are able to put in a claim for loss of business that comes as a direct result of any theft or damage.

There will be other types of commercial insurance cover that may be suitable for your business so if you are not quite sure which will be best for you then you should ask your broker what will meet your requirements.

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

Working within one of the trades – such as a builder, plumber, electrician or any of the other numerous associated vocations brings about certain elements of risk, both to yourself and others around you. For this reason, anyone working within a trade has got to make sure that they are sufficiently covered in the event of any accident or damage occurring. A tailored tradesman insurance policy can provide you with all of the protection needed should you be faced with a claim. There are a number of situations that could require a claim to be made and failing to get adequate cover could end up with you being hit hard financially and even being prosecuted.

Two of the main parts of any policy that you take out will be employer’s liability and public liability cover. Obviously if you do not employ anybody then you don’t need employer’s liability – but if you do then this is a legal necessity. This will cover you in the event of an accident occurring where an employee is hurt whilst carrying out their work. Similarly, public liability cover gives you protection in the event of damage or injury occurring to a customer/member of the public or their property. This can happen either within your workplace, or on site if you are working at their home or in a public place. The very nature of manual labour work means that there is a chance of damage or injury occurring so it is therefore extremely important to make sure you protect yourself in these situations.

Another important level of cover that you should consider is that concerning your tools and equipment. Getting this added onto your policy means that in the event of loss, theft or damage to any of the tools you own, you will be able to make a claim for their cost. Without your tools it would be difficult for you to carry out your everyday work and some equipment can be extremely expensive so getting it covered makes a lot of sense.

If you decide that you are going to risk it and not bother taking out the right tradesman insurance policy then you are potentially risking your entire business. A claim brought about by a member of the public against you for an injury you have caused could lead to a massive payout and depending on your situation, the possible demise of your company. It is therefore of utmost importance that you consult a broker and find out the best level of cover for your personal situation.

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Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

In the current economic climate, many business owners up and down the country have got plenty to worry about as they try to make sure they keep their company afloat. With so many external influences, that can change unexpectedly, it makes sense to do all you can to ensure that everything within your business is done properly. One area that this rule can certainly be applied to is when it comes to public liability insurance. This form of cover is not legally required by all companies but a company who should have it but chooses not to get it could end up in a whole world of bother.

If your business ever involves any of your customers coming to your place of work, or you going out to them to carry out a job, then taking out the right cover can be extremely important. With one of these policies in place you will be covered in the event of an accident that either causes damage to someone’s property or, even worse, causes an injury to a customer or member of the public. Even if you are the most careful worker in the world accidents can still easily happen and if you don’t have the policy to give you protection then you may end up having to meet the costs of any claim that is made against you. If this happens then it may well result in your business going bust if you can’t deal with the costs incurred. Clearly this would be a disastrous outcome – but it is a completely avoidable one if you take the time to make sure you protect yourself.

To give a better understanding of this we can take a look at a couple of examples of possible scenarios that could occur where having the right policy would come in very handy. Say for instance you are a bathroom installer and you are working within a customer’s home. While you are moving the new bath suite upstairs, you cause damage to a wall or cause a leak that creates water damage. Without the correct cover you are going to have to fork out to repair any damage caused whereas if you had a policy in place then  included damage would be covered. Similarly, if you are working and a customer or passer by trips over one of your tools or bits of material lying around then there is a good chance they will make a claim against you. With the correct cover this is not something that could lead to your downfall(although it is always good practice to run a tidy ship as deliberate negligence could jepoardise any claim!).

As a business owner, it is important that you cover all bases and make sure that you don’t leave anything to chance. Public liability insurance is  vital for companies and without it you may well end up regretting the small saving you make from not making it.

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

If you are involved in the running of a company then you will have plenty of things to think about on a daily basis.. You may have to think about getting stock in, meetings with suppliers/potential customers and a whole host of other things that directly impact on the success of your business. However, one thing that you must make sure that you deal with straight from the beginning is getting yourself the correct small business insurance policy. You don’t want to go out and just choose the first option that you come across, the policy should meet all of your requirements – so it may be worth putting in some effort for your search. What exactly should you be looking for though?

The policy you take out will ultimately depend on the type of business that you are running as different levels and types  of cover may not necessarily be needed for some industries. One of the major things to consider is public and employer’s liability cover. If your work involves any members of the public coming to your workplace, or you going to them to carry out work away  then this is an important addition. Taking this out means that you will be protected in the event of any accidents or injuries that could  occur. For smaller businesses a claim as a result of one of your customers being injured could be disastrous if you are not correctly covered. On the other hand, employer’s liability insurance is a legal necessity and leaving this cover out can lead to court proceedings – not what you need to be worrying about when concentrating on making your business profitable.

As well as the various types of liability cover that you may need, there are also other types that may turn out to be extremely valuable to your company. Business interruption cover can be very useful to have as this will protect you in the event of you being unable to trade for  forseen, and unforeseen, perils such as flood or restriction of access. Also, if you have any stock at your premises then you should look at getting contents/stock cover added to your policy. Taking out this option means that you will be covered in the event of any theft or damage to your stock and any other covered property that you hold within the building.

All in all, a company should spend a bit of time making sure it finds  the most suitable small business insurance policy. If you are unsure about anything, or would just welcome some free, expert advice associated with taking out cover then you should make sure that you speak to a qualified insurance broker.

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

In times like these when business profit can be hard to come by it can be an easy option to save money by cancelling your business insurance. This, however, could be a costly mistake.

Whether you are a self employed tradesman, a shop owner, an office manager or even a restauranteur, not having adequate insurance cover could lead to financial trouble or even the end of your business. An underinsured claimee can end up in court facing huge costs and litigation - whereas an insurance policy to cover you against such headaches can start from a very reasonable price.

Here are some of the covers you may need (including legally obliged ones such as employers liability):

Buildings cover and contents – essential to provide cover against fire, theft or damage

Money and personal assault

Public liability – to protect you from legal proceedings should some one be injured, or their property damaged, whilst on your property or from your carrying out of your work

Employers liability – this is a legal requirement for employers and covers you against injury or losses incurred by your staff

Commercial legal expenses

Business interuption – an addition to your policy that can protect your income should accepted perilsnprevent you from carrying out your business

An example of just how cheap a basic policy can be could be a £1m public liability quote from Think Insurance for a Builder – our price for this occupation can start from as little as £68.00!

So what are you waiting for? Call us today to see how much you can save!

Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.
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Getting the right business insurance policy can be vital for anybody involved in any commercial enterprise. You don’t want to be paying extra for parts of a premium that you don’t need. At the same time though you also have to make sure that you are fully covered for any potential claims. By finding out as much as you can about what you need you will get a more tailored policy and it will hopefully be at a more reasonable price for you. We have outlined some of the basic things for you to consider when looking for the right cover.

One of the first things you should do is make sure that you take time to find a company that has got experience in your field. Doing this will usually result in your policy being more specific to your needs and could also result in it giving you a cheaper premium. You also need to ensure that you have fully read and understood any policy before you decide to go ahead with the cover. Any cover that you do take out should be suited to what you need, if not then it is not the right one for you. A qualified insurance broker can mean all the difference to you when it comes to saving money and getting you the right cover.

You could consider  business interruption cover being added onto any policy that you take out. This will cover you in the event of you being unable to trade for any of the reasons stated within the policy. Adding this can be of great benefit if you find yourself in the situation of not being able to open up your shop or provide your services. Similarly you could look to get your stock and any other business equipment covered as if they are lost or damaged you can be hit hard. Also, don’t forget your liabilities. Public liability is generally advisable and employers liability is a legal necessity so don’t forget to see if they are included.

If you are looking for business insurance there are a lot of things you need to consider, if you are unsure about anything then always consult a broker for advice.

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Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

If you have just set up in business then there is obviously a multitude of things that you need to start thinking about sorting out to enable you to trade properly. One of the first things that you should get done  is the correct insurance to protect you from potential liabilities. No matter what type of business you run, the chances are that public liability insurance will be relevant to you in some way.

This form of cover gives you protection for a variety of situations, all of which are things that can happen on a daily basis. If you are involved with any work at other people’s properties then there is a chance that you may cause damage or an accident. Say for example you were fitting a new bathroom and while carrying the bath you damaged a wall. You could be left with a large repair bill to rectify what has happened. On the other hand, if you have got the correct policy then this could be covered under your insurance. Similarly, if you caused somebody to have an accident while you were working or if they injured themselves while they were in your place of work then this cover will protect you against that.

You are not legally obliged to have this form of cover when you are in business but it is strongly advised. Can you imagine the potential costs that could occur if you ended up damaging an expensive car or if someone fell and badly injured themselves. Without the correct public liability insurance you could be faced with huge bills and this could potentially put your entire company at risk. The amount that you will have to pay for your premium will pale in significance when you compare it to the amount that it could end up protecting you against.

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Think Insurance can provide you with a cheap insurance quote today, whether you are looking for a motor trade, home, taxi or commercial insurance policy, leave your details and we will contact you.

With the number of people trying to get themselves set up in business each year numbering in the thousands, there is inevitably more and more people who need to get some form of business insurance policy. It is important for these people to make sure that they end up getting the right type of cover. They don’t want to be paying over the top for a policy they don’t need but also they don’t want to end up not having the right level of cover when they come to make a claim. We have highlighted below the main variations of commercial policies, hopefully this should help you when you are making your decision about what to go for.

General Business Insurance.

As the name suggests, this type of policy covers the buildings, liabilities and contents associated with your business. With this insurance you can be covered for any loss or damage to company property as a result of a wide range of events from fire to theft. You can also make claims against loss of business as a result of any damage or incident.

Public  Liability Insurance.

This form of cover will give you protection against any accidents or injuries that your customers have at your place of work. This can be the most important cover because if one of your customers has an accident on your premises then there is a good chance they will make a claim. If this happens and you don’t have the required insurance to cover you then you may end up paying out thousand of pounds.

Employers Liability Insurance.

Similar to public liability, this covers you in the event of any of your employees having an accident or getting injured whilst working for you. Again, this is an extremely important cover as there is always a chance of someone having a fall and you don’t want to be left to foot the bill when they make a claim against you.

Product Liability Insurance.

Taking out this policy means that if any of the goods that you sell or provide lead to the customer having an accident due to a defect then you will be covered. Obviously the need for this policy depends on what type of business you are involved in. If you work in an industry where your products have got little or no risk then you may not need it but it is always best to check before it’s too late!

If you are unsure about any type of business insurance then always check with your broker and they should be able to give you all the information you need.

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