If you are a tradesman, choosing insurance will be a bespoke process depending on your exact occupation (builder, plumber, painter etc), company turnover, the number of employees you have and annual payroll. One thing all tradesmen need is Liability insurance, specifically three kinds:
Public Liability – protects your customers and members of the public in the event of a claim for which you are found to be responsible.
Employer’s Liability – protects those working for you in the event of them having an accident while on site and employed by you. Sub-contractors can be included under this cover – conditions can apply so discuss the details with your insurance provider.
Products Liability – covers the customer in the event of a claim relating to parts installed by the tradesman. Often, if a claim is made against you regarding faulty parts your insurers can then pursue the manufacturer for reimbursement.
Before signing on the dotted line you should always check the level liability coverage you have.
A tradesman’s particular line of work dictates what specifics should be included in the policy. Here are some examples:
Builders work in a variety of environments so policies should detail: both the height and the depth at which you can work (often 15 metres above ground and 3 metres below – if you work outside these limits this should be arranged); whether stand alone roof work is covered; what specialist equipment is covered eg welding and use of oxy-acetylene. Building Contractor’s All risks covers both the job and your own equipment.
Plumbing, Heating and Gas Installers, Ventilation and Solar Panel Contractors need to consider: the impact certifications such as RGII will have; the working height to which you are covered – usually 15 metres but many providers can arrange higher limits if necessary; if you need to take out additional cover to protect your tools and equipment.