Our insurance packages for electrical machine repairers and rewinders are designed to be comprehensive and flexible. Here’s an overview of the key coverages we offer:
Public Liability Insurance
Public liability insurance is a fundamental component of your coverage. It protects you against claims made by third parties for injury or property damage resulting from your work. For electrical machine repairers and rewinders, this could include scenarios such as:
- A client tripping over your equipment at their premises
- Accidental damage to a client’s property while transporting machinery
- Injuries caused by faulty repairs
Our public liability cover starts from £1 million and can be increased up to £10 million, depending on your needs and client requirements.
Employers’ Liability Insurance
If you employ staff, even on a part-time or casual basis, employers’ liability insurance is a legal requirement in the UK. This coverage protects your business if an employee becomes ill or injured due to their work. For example:
- An employee suffers an electric shock while rewinding a motor
- A worker develops repetitive strain injury from prolonged use of specialised tools
- An apprentice is injured while handling heavy machinery
Electrician Saver provides £10 million employers’ liability cover as standard, ensuring you’re fully compliant with UK regulations.
Tools and Equipment Insurance
Your specialised tools and equipment are essential to your work. Our tools insurance covers the cost of repairing or replacing your equipment if it’s lost, stolen, or damaged. This includes:
- Diagnostic equipment
- Rewinding machines
- Specialised hand tools
- Portable testing devices
Product Liability Insurance
Product liability insurance is crucial for electrical machine repairers and rewinders who supply parts or repaired equipment. It covers you if a product you’ve repaired or supplied causes injury or damage. For instance:
- A repaired motor overheats and causes a fire
- A rewound coil fails, leading to equipment breakdown and business interruption for your client
Personal Accident Insurance
As a self-employed repairer or business owner, your income depends on your ability to work. Personal accident insurance provides financial support if you’re unable to work due to an accident, covering:
- Loss of income
- Medical expenses
- Rehabilitation costs
Financial Loss Insurance
Financial loss insurance protects you against claims for purely economic losses that don’t involve physical injury or property damage. For electrical machine repairers, this could include:
- Delays in completing repairs leading to business interruption for your client
- Errors in diagnostics resulting in unnecessary repairs and costs
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