Financial Loss Insurance

Tailored insurance that works as hard as you do

From £53* With FREE legal expenses & accidental death cover
financial loss cover insurance | Tradesman Saver

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4.9 / 5 Based on 686 Reviews
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Protection For Your Business Against Financial Loss Claims

Sometimes, in the trade business, accidents happen – they’re an unfortunate part of life in the business world. But injury or damage to a customer, their property or a member of the public isn’t the only unintended consequence of an accident – sometimes, you might be faced with another business suffering financial loss as the result of the actions of your business. These types of claims can easily run you into the tens of thousands without the proper insurance in place.

Financial loss insurance is designed to protect against claims like these. They protect businesses against financial loss caused to a third party NOT as a direct consequence of accidental physical loss of, or damage to, material property. This means that, in the event your business were to be faced with a claim for financial loss, these costs would be met by your insurer.

If a customer suffers a financial loss as a result of an injury caused to them or damage to their property, this would be covered under your public liability insurance. But, if there is no injury or damage, you would need cover for financial loss to settle the claim.

An example of where financial loss insurance was a life saver was in the case of a flooring contractor who was contracted to lay a new floor in a warehouse.  The contractor did not follow the spec and laid a floor which was not fit for purpose.  As a result, the floor needed to be re-laid which delayed delivery of a new machine.  The client was liable for additional storage costs and transportation costs for the new machine due to the delays.  These additional costs were met by a financial loss insurance policy.

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Tradesman Saver - Automatic Covers

Public Liability
Financial Loss
Products Liability
Legal Expenses
Accidental Death

Tradesman Saver - Optional Covers

Employers Liability
Tools / Equipment
Contractors All Risks
Business Contents
Professional Indemnity
Personal Accident
Short Term Income Protection

Can't fault the cost. No other company could offer the same level of cover for the price.

Chris Doyle

Very easy site to use and very competitive. Friendly all from the administration staff after on line quote . All in all pleased at the service so far.

Dermot Devlin

Online & anywhere

We like to keep things simple. Your quote, purchase & documents are all available online, anytime.

Cover is instant

No need to wait for your documents. You're covered from the moment you purchase.

Added protection

Products liability, legal expenses and accidental death cover as standard on every policy.

Monthly instalments

Cashflow is important to every business. Spread the cost & pay in easy, monthly instalments.

The Limits of Financial Loss Insurance: What Do You Get?

Our standard cover starts at £10,000, and this can be increased up to £50,000 for a small additional premium.

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Financial Loss Insurance: Frequently Asked Questions

 

How much does financial loss insurance cost?

Financial loss insurance is included as standard when you take out your Tradesman Saver insurance policy.

Why do you offer financial loss insurance as standard when other insurance companies don’t?

At Tradesman Saver, we believe in offering our businesses a complete package for their insurance, and financial loss insurance is an integral business insurance requirement.

What if I need a limit higher than £50,000?

Should you need a limit higher than £50,000, please give us a call and we’ll be happy to arrange the cover you need.

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Our Reviews

4.9 / 5 Based on 686 Reviews
Read all reviews »

Great company, easy application form, happy to be insured by them

on Dec 6th

This was an easy purchase and well thought out site for insurance. Less hassle than the other companies.

on Dec 5th

easy website quick quote very happy

on Dec 5th
*Based on £1,000,000 public liability, £250,000 legal expenses & £10,000 accidental death cover for a sole trader © Copyright 2018 Tradesman Saver | Tradesman Saver is a product of Henry Seymour & Co (Barkdene Ltd) which is authorised and regulated by the Financial Conduct Authority.
Registered in England No 1842617 Insurance Brokers. All rights reserved.
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