Knowledge Centre

There are many things to consider when looking for tradesman insurance. Tradesmen insurance policies typically offer as standard a range of benefits, but cover can be tailor-made to suit the needs of your specific trade. The best tradesman insurance policy for you may not be the one with the highest levels of cover or the cheapest premiums. Price and levels of insurance cover are important, but so is service, support and efficient claim processing.

Tradesman Insurance checklist
It helps to understand what your particular business risks are, and to look for a tradesman insurance policy that covers them adequately.The following points will help you assess your business’ needs:

• Indemnity cover - Check how much indemnity cover is included in your policy. Establish the cover amount you require; don’t pay for cover you don’t need.
• Excess - Check your policy’s excess amount and adjust this if necessary.
• Coverage - Ensure that your policy covers your business tools, equipment and premises adequately. Bear in mind that replacement costs may escalate over time.
• Off site cover – Do you need a policy that offers insurance cover when you carry out work off site?
• Legal – Check that your policy covers your legal obligations. Be sure to establish whether you require employers’ liability insurance, products liability insurance, car or van insurance, or a combination of these types of cover.
• Read the fine print - Read the terms and conditions of your policy carefully. Make sure you understand exactly what you are covered for and how much, or speak to a qualified insurance consultant if you have any questions.
• Shop around - Shop around for competitive quotes. Compare premiums and levels of cover but make sure you compare apples with apples.
• Authorised – Check that your insurance company or broker is authorised and regulated by Financial Services Authority (FSA) and has relevant experience and expertise.

Contact YOUR Insurance for a free quote
Your Insurance specialises in providing high quality insurance policies to small and medium sized businesses. We understand that time is money for business owners, so we make our claim processing as quick and easy as possible. A 24-hour legal helpline is also available to assist with legal matters pertaining to your business. Your Insurance is part of Towergate Underwriting Group Ltd, Europe’s largest independently owned insurance intermediary. For more information visit www.towergate.co.uk