Tradesman Insurance
A Dedicated and Experienced in House Claims Team
We create insurance solutions to meet your needs
Assistance with Risk Management
Expert Advice from Over 60 Years of Experience
There are thousands of different tradesmen, all with varying needs of insurance due to the level of risks associated with their work.
Our experience in this sector has seen us work with a number of insurance providers who offer policies that are specific to your trade.
This allows us to tailor an insurance package for your business, whether you are a sole trader or a limited company.
What is Tradesman Insurance?
Tradesman insurance is a type of business insurance policy for trade professionals. It can be tailored to cover the specific trade and can include cover for your equipment, compensation costs and other optional extras.
Tradesman insurance can provide cover during:
- Consulting
- Quoting
- Public contracts
- Private jobs
- Working onsite (inside and outside)
- Working abroad (must be less than 20% of your working time)
Types of insurance for Tradesman
There are several insurance policies that would ensure a tradesman is fully covered.
However, every tradesman is different, even if they work in the same sector. This is why we always assess the jobs you do and who you tend to do work for as some policies may not apply to you or your work.
Most common types of insurance for tradesman:
- Public Liability Insurance - Protects your business against compensation claims regarding injury to a third-party or damage to their property.
- Employers’ Liability Insurance - Cover for financial loss due to a worker suffering a work-related injury or illness.
- Personal Accident Insurance - Financial cover relating to unexpected injury that may require hospital treatment or make someone unable to work.
- Tool Insurance (‘own plant’ & ‘hired-in plant” cover) - Ensure your own tools or those of a third-party are covered to be replaced if lost or damaged.
- Business Buildings Cover - Ensures the premises you use for business activity is covered for the unexpected.
- Business Interruption Insurance - Cover for losses incurred if operations are disrupted due to property damage or a civil order requiring closing.
- Contract Works - Cover costs for repairs or redo of work caused by damage, or losses due to theft or vandalism on the building site.
Specialist & Optional Cover
- Location exclusions – Some insurance policies will not cover you for work at locations such as airports, railways, nuclear power stations, docks, mines and harbours. You will require a specialist cover.
- Depth and height restrictions – You will need specialist cover if you are working deeper than four or five metres down or fifteen metres above the ground.
- Asbestos – For any planned asbestos work you will need specialist cover. However, accidental contact is covered.
- Jury service - Protect your income if you are called for jury service during a contracted job.
To find out more and to discuss your needs, please contact us on 01274 515 747 or email us at mail@lwood.co.uk
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Property Owners
If you own a property it is important to have appropriate insurance covers in place.
Business Interruption
We would always recommend insuring on a Gross Revenue / Gross Profit basis, together with additional costs as from experience following a loss, the policyholder would have to spend more money than necessary in order to keep the business functioning
Directors & Officers Liability
In today’s rapidly changing business climate, regulators are increasingly more vigilant about internal controls and corporate governance meaning the need for superior Directors and Officers Liability cover has never been greater.
Professional Indemnity Insurance
Professional Indemnity insurance will cover expenses incurred in your defence if you are alleged to provide inadequate advice, services, design or specification resulting in your client losing money.
Cyber Liability & Financial Crime
During the last five years there has been a dramatic increase in the number of cyber attacks and financial fraud to businesses throughout the UK.
Crisis Management, Kidnap & Ransom
Business people making trips to high risk countries around the globe can put themselves at risk from kidnapping, ransom and other types of crises.
Terrorism
Have you considered Terrorism Insurance? Did you know that Terrorism cover is a standard exclusion from all UK insurance policies?
Hauliers/Freight Forwarders Liability Insurance
As a haulier operating for hire and reward or a Freight Forwarder, you are exposed to claims in respect of your legal responsibilities for injury to your employees and public, together with property damage arising from your activities.
Marine, Transit & Cargo Insurance
Cargo comes in all shapes and sizes and insurance plays a vital role in covering you from a variety of incidents that can occur while in transit.
Legal Expenses
In the event of legal action, having an insurance policy to cover your costs is vital for your business.
Commercial Combined
Commercial combined insurance is designed to provide cover to protect you against risks to your business and can be tailored to your requirements.
Computer Insurance
Every business in the world now relies on computer and technology in order to keep its operations on track.
Employers Liability
Employers’ Liability insurance is a legal requirement and failure can lead to you being handed significant fines.
Products Liability
Having Product Liability Insurance is essential for your business if you supply a product.
Public Liability
Public Liability Insurance is essential cover for businesses offering protection against compensation claims if clients, suppliers or the public suffer injury or property damage because of your business.
Contract Works Insurance
Whether your building project is straightforward or complex, you should have a contract that clearly outlines the project’s essential details.
Employment Practices Liability
Employee litigation is currently on the rise, making it even more essential to have Employment Practices Liability Insurance in place.
Engineering Inspection Cover & Machinery Insurance
It is a legal requirement for regular engineering inspections of lifting and pressurised machinery and equipment in your commercial premises.
Group Travel Insurance
Having company Travel Insurance is beneficial to protect the key people of your business who regularly have to travel.
Machinery Movement
Machinery Movement Insurance covers you for any installed machinery or equipment in your possession at a specified location.
Motor Fleet Insurance
Motor insurance is a legal requirement, and Motor Fleet Insurance is a more flexible approaching to insuring vehicles used by a company.
Motor trade insurance
Motor trade insurance is a vital requirement for anyone buying, selling or running a car garage.
Shops Insurance
Shop Insurance is primarily designed to provide cover for all areas of a retail business with commercial premises.
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