Contractors Insurance

Our automatic Tradesman Saver insurance package covers contractors for public liability, products liability, accidental death, financial losses, and legal expenses. However, in offering a variety of optional covers, including employer’s liability, professional indemnity, and contractors income protection, we give our customers the opportunity to create a customised package which can be designed to meet all their business’s requirements.

You can find out how much you’d have to pay for your dedicated contractors insurance policy by applying for a quote with Tradesman Saver. The final figure is determined by many factors, such as the riskiness of your work, how long your typical contracts are, and how much cover you require to protect your business.

If you are a subcontractor, you can’t always assume you are covered by your main contractor’s insurance policy. This largely depends on whether you’re a labour only or a bona-fide subcontractor. The former acts as a company employee, using all the materials, equipment and tools provided by the firm and working under its supervision. The latter, however, will work unsupervised and more independently of the company, deciding their own hours and using their own equipment. Therefore, if you are a bona-fide subcontractor, you’ll need your own public liability cover, as well as employer’s liability if you are bringing your own staff to the job. It’s unlikely you’ll be hired at all without this all-important insurance. You may also wish to consider optional covers like contractors income protection in case you find yourself unable to work, or a policy protecting your tools and equipment. However, even if you are a labour only subcontractor, it’s wise to check the terms of any master insurance policies to see whether you need to organise any of your own cover.

Contractors insurance refers to all the types of cover a contractor could need, such as public liability, employer’s liability, and legal expenses. Contractors all risks insurance is one specific policy that is available to all tradesmen within the construction sector, such as builders, plumbers, and carpenters. This particular optional cover includes contract works insurance, up to £500,000 expenses for loss or damage to building works you’re responsible for. We also protect you against theft or damage to any equipment associated with the contract, as well as damage to temporary buildings or hired-in property.

All of Tradesman Saver’s policies will cover you for public liability, products liability, accidental death, financial losses, and legal expenses. It is then your decision to decide which optional covers would be best suited to your particular business. Contract works insurance, for example, is common amongst construction workers. The maximum contract period, and the maintenance guarantee period for this policy is 12 months, though we are happy to arrange cover higher than this if you need it. However, contractors insurance doesn’t cover damage to property already on site. For example, if a fire wrecked a house and an extension you were working on, your policy would only cover the extension in progress. The rest of the house would need to be covered by the client’s home insurance.