Locksmith insurance

Public liability insurance for locksmiths protects you if a member of the public is injured or suffers property damage because of your business. Choose from cover limits ranging from £1 million to £5 million.

Example of a claim:

You spill lubricating spray onto the floor in a flat stairwell. A passer-by slips on the spillage, suffering a sprained ankle. They sue you for their injuries.

If you have employees, the law requires you to have a minimum of £5 million of employers’ liability insurance. This applies even if your business only employs people on a short-term or part-time basis. Locksmith employers’ liability insurance covers you if an employee suffers an illness or is injured because of the work they do for you. At Markel, we offer up to £10 million in cover.

Example of a claim:

One of your workers injures their hand on a sharp piece of metal. They seek compensation from you for their suffering and loss of earnings.

This type of insurance is there to protect your finances if the equipment you rely on to do your job as a locksmith is damaged, stolen or lost. We offer cover limits ranging from £1,000 to £5,000.

Example of a claim:

Your work van is broken into and various important tools are stolen from it. You face the expense of replacing these items.

Legal expenses insurance can help to cover the cost of defending or pursuing legal actions against other parties such as suppliers, clients or employees. This could be for contract disputes, tax enquiries (including IR35), attending jury service, debt recovery, personal injury, as well as any award you are required to pay following an employment dispute with an employee. There is a limit of £100,000.

Example of a claim:

A supplier has failed to deliver building materials you’ve paid for and is ignoring your requests for a refund. You face the costs associated with recovering the debt owed to you.

Occupational personal accident insurance supports your income if you can’t do your job because you were injured at work or while on your way to or from work. It provides either weekly payments or a lump sum, depending on the nature of your injury.

If you own plant machinery that is damaged or stolen, owned plant insurance will cover the costs of repairing or replacing the equipment. Cover limits are available from £10,000 to £50,000.

Hired in plant insurance will cover you if plant machinery you have hired is damaged or stolen, while in your possession. Cover limits range from £10,000 to £50,000.

Contract works insurance covers the work you do on a construction site. If your work is affected by a flood, fire, theft or malicious damage, contract works insurance can protect you financially.

Goods in transit insurance covers goods against loss or damage while in transit. This can be either goods transported in your own vehicle, or on your behalf by a third-party carrier.

If your locksmith business provides professional services for a fee, you may benefit from having professional indemnity insurance. For example, you might need this type of cover if you provide designs or advice. This insurance protects you if a client alleges you have made a mistake in the services you have provided.