Locksmith Insurance

Specialist insurance for locksmiths from £71 a year.

  • Fast, easy online quote in 90 seconds

  • Interest free direct debit

  • No hidden fees or cancellation charges

As a locksmith, it’s your job to help your customers with issues of security. But what about the security of your business?

Whether you’re fitting simple locks or state-of-the-art security systems, there are risks associated with your work. From accidents and injuries to the theft of expensive equipment, a lot can go wrong. This means it’s vital that you have appropriate insurance in place to protect your business.

At Markel, we offer great value locksmith insurance that will help you to safeguard your finances and give you added peace of mind.

What is locksmith insurance?

Locksmith insurance is there to protect your business from a wide range of financial risks. It can include multiple types of cover, such as equipment insurance that will pay out if your tools are stolen, lost or damaged. Other important types of protection to be aware of include public liability cover and employers’ liability insurance.

Do I need locksmith insurance?

No matter how careful you are, things can go wrong when you’re working as a locksmith. And if they do, it’s important that you’re prepared. For example, what if you accidentally cause damage to a customer’s door jamb? Or perhaps a passer-by trips over your tool bag and injures themselves.

In situations like these, you might find yourself subject to costly legal claims. Could you afford to cover the legal fees and possible compensation costs out of your own pocket? Or what if the tools you rely on to do your job are stolen, lost or damaged? Would you be able to replace them if you didn’t have equipment insurance in place?

If your finances would come under significant pressure in scenarios like these, it’s essential that you have suitable locksmith insurance in place.

Also, if you hire employees to work for your business, you are legally required to take out employers’ liability insurance. Bear in mind that this applies even if your workers are temporary or part-time. You could face a fine of £2,500 for every day that you lack this type of locksmith liability insurance.

By making sure that you have the right cover in place, you can reduce the risks to your business and benefit from enhanced peace of mind.  

Why choose Markel for locksmith insurance?

At Markel, we’re experts when it comes to locksmith insurance. Here are just some of the reasons to choose us for your cover.

✔ Get a quick quote
Fill in our online form to get a quote in as little as 90 seconds. It couldn’t be simpler.

✔ Affordable cover
We pride ourselves on offering excellent value for money. Also, our pricing is fully transparent, so you won’t be hit with fees you don’t expect.

✔ Great customer feedback
We put customer service at the heart of everything we do, and this is reflected in our high ratings on Feefo.com.

✔ 24/7 legal helpline
We offer a round-the-clock legal helpline run by experienced solicitors. So no matter the time of day or night, you can count on us for information and advice.

✔ 25 years of experience
We’ve been offering business insurance to self-employed professionals for over 25 years and are perfectly placed to give you the protection you need.

How much does locksmith insurance cost?

 The amount you will pay for locksmith insurance depends on a number of factors, including the size of your business, the equipment you use and whether you employ people. Provided by our insurance partners at Caunce O’Hara, locksmith insurance starts from £71* a year.

For a clear idea of how much you can expect to pay, simply get a quote today.

*Price based on a locksmith requiring £1 million public liability insurance cover.

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Cover starting from £71 a year

What insurance do locksmiths need?

  • Public liability 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.

  • Employers’ liability insurance

    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.

  • Legal expenses insurance

    If you are involved in a legal dispute, it pays to have legal expenses insurance. This cover protects you if you are involved in scenarios such as tax enquiries, personal injury claims, debt recovery cases and contract disputes. At Markel, we offer this insurance with a limit of £100,000.

  • Cyber insurance

    Cyber insurance is there to protect your locksmith business if your IT systems are targeted by a malicious attack. It covers costs such as meeting ransom demands and restoring equipment and data. It also covers the expenses of notifying parties affected by the attack and making up lost profits. In addition, it protects you against the legal fees and compensation payments you may face if the affected parties take legal action.

  • Occupational personal accident insurance

    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.

  • Money and personal assault insurance

    This protects you against the loss or theft of money from your premises or in transit. It also covers those injured in the event of a robbery.

  • Directors and officers insurance

    Directors and officers insurance covers your legal fees and damages that may be awarded against you if you are accused of acting wrongfully as a director or officer of your locksmith business. We offer limits ranging from £100,000 to £5 million.

  • Portable equipment insurance (Tools insurance)

    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.

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Cover starting from £71 a year

Frequently asked questions

Access free legal services for your locksmith business when you purchase Legal Expenses insurance including:

  • 24hr legal helpline.
  • 800+ DIY legal resources including contracts, policies, forms, and letter templates from Markel’s solicitors.
  • Free legal updates, templates, guidance documents, checklists, and useful links.
  • 460+ straight-forward guides.
  • 350+ links to key resources.
  • Up-to-date information on new legislation and case-law.
  • Live Chat available Monday to Friday 09:00 – 17:00.

Discover more about these services here.

Cover starting from £71 a year