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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