What insurance do tradesmen need?

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Whether you're a carpenter, plumber, electrician or different kind of tradesperson, understanding which types of insurance are needed to protect your business can be difficult.

To make things easier, we created a decision tree that will help you to work out which types of tradesman insurance might be suitable for your specific business needs. The decision tree includes many insurance covers like public liability insurance, professional indemnity insurance, directors and officers insurance etc.

What is tradesman insurance?

Tradesman insurance is a type of business insurance that offers tailored protection for the hazards that tradesmen encounter. It can consist of tradesman public liability insurance, builders’ insurance, and tradesman tool insurance to cover against theft as this could leave you without essential equipment. Tradesman insurance shields your finances by covering for the legal expenses and consequences you may face if something happens while you are working. For example:

  • If a plumber fitted a boiler incorrectly and it resulted in water escaping from the system, they could face a claim with hefty legal fees and costs to put their mistake right.
  • If an electrician were to cause a fire by making a mistake when installing a heating system, they could be left with having to pay tens of thousands of pounds to repair damage.

Click the image below to download the decision tree as a PDF.

Tradesman infographic to help tradespeople know what insurance they might need

This article is provided for information purposes only and should not be used to make key business/life decisions. Always speak with a professional to discuss your individual circumstances.



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