If you’re a contractor, you'll need the right level of insurance to protect both your business and your customers.
Not only that, expensive tools, materials and equipment need to be insured in case of theft so you can replace them as soon as possible and continue to work. Whatever trade you’re in, it's likely you’ll need comprehensive business insurance that covers your property and your liabilities.
If you provide a service or advise clients on a professional basis then professional indemnity insurance should certainly be a consideration. Should the advice you’ve given be flawed and detrimental to the customer, they could claim against you. This could be something like inaccurate financial advice or even a missed critical deadline. Don’t think this won’t happen to you - even a spurious claim could result in large legal costs to defend your business.
Public liability insurance could help you meet costs if a claim is made against you where a member of the public is injured or their property is affected because of your work. Claims such as these can be extreme and if you’re not sufficiently covered, your business and reputation could suffer dramatically. It's therefore best not to leave it to chance.
Tools Cover could also be a necessity. Expensive power tools and equipment are highly desirable to thieves and opportunists and without them you probably can’t work. Help limit disruption by making sure you’re fully covered to replace hand tools, power tools, scaffolding, ladders, workbenches and more should you find yourself the victim of theft, fire or vandalism.
Here at Policy Expert, we aim to help you find the right policy for your business needs. For a quick and easy business insurance quote, simply fill in our online form and compare prices and insurance features to see if there's an option that suits you.
Read more in our business insurance guides or get a quote now.