Products Liability Insurance
Protect your business against unexpected accidents from just £53* — automatically including:
- Public Liability
- Financial Loss
- Products Liability
- Legal Expenses
- Accidental Death
What is products liability insurance?
As a tradesperson, you’re probably already aware of the risks of your job and how the most unfortunate of accidents can end up hurting your customers, members of the public and cause damage to property. However, sometimes there can be other factors involved in accidents. Rather than anything you’ve done, damage or injury could come about as a result of a product you’ve sold, supplied or installed – and this could result in you facing huge compensation claims as a result. Products liability insurance provides cover for your business against damages awarded if a product that you make or supply causes personal injury or damage to property.
Why do you need products liability insurance?
Products liability insurance helps to protect against large compensation claims. It provides cover for your business against damages awarded if a product that you make or supply causes personal injury to a customer, member of the public or their property. This means that, in the event you were to face a compensation claim due to a product you’d installed, the legal fees and costs of the compensation would be covered by your insurer, giving you total peace of mind that you’re protected, no matter what the outcome. Even if you didn’t manufacture the product, if you supply a faulty product to a customer, they may try to sue you initially. You will be at risk of compensation claims if the name of your business is on the product, the manufacturing company cannot be clearly identified or is no longer trading, you change or repair the product, or if the product was brought in to the UK from outside Europe. In these circumstances, product liability insurance would give your business financial protection.
Online & Anywhere
We like to keep things simple. Your quote, purchase & documents are all available online, anytime.
No need to wait for your documents. You’re covered from the moment you purchase.
Public Liability, products liability, financial loss, legal expenses and accidental death cover as standard on every policy.
Cashflow is important to every business. Spread the cost & pay in easy, monthly instalments.
Tradesman Saver’s Products Liability Cover
Our standard cover is:
- Up to £5 million public & products liability
- £10,000 financial loss cover (with an option to increase to £50K)
- Worldwide liability cover for temporary work abroad for up to 14 days (excluding the USA and Canada)
Our products liability insurance is automatically activated from the moment you purchase it. This provides cover with an indemnity limit of £1 million, which is the most we will pay out in a single claim. However, you have the option to increase this to £2 million or £5 million to accommodate the needs of a particular customer—for instance, local authorities typically need £5 million cover. Please contact us if this sum will not be enough to meet your requirements, and we will arrange appropriate cover.
In addition to protection against financial losses resulting from injuries and property damage caused by your business, we cover any financial losses inflicted on a third party that haven’t been directly caused by an accident. This means we will meet any costs if another business claims they have suffered financial loss as a result of your actions.
We also offer up to £250,000 free cover for legal expenses with every policy, in addition to a 24-hour legal helpline waiting to address your queries, and a wealth of useful online legal resources. You can also seek help with tax and VAT investigations as part of your policy.
Products Liability Insurance: Frequently Asked Questions
Will I automatically get products liability insurance with any Tradesman Saver insurance policy?
Yes! All our Tradesman Saver insurance policies include products liability insurance as standard, and this is included in the price of your quote.
Do I really need products liability insurance if I don’t manufacture products?
Of course! Products liability insurance is designed to protect you against claims made against any products you have supplied or installed. This is especially important if the insurance of the product manufacturer were to fail. Your customer will always come back to you in the first instance as the installer or supplier of the faulty product.
Some tradesman insurance companies don’t offer products liability insurance in their policies. Why do you?
At Tradesman Saver, we believe that products liability insurance is an important part of any business cover. As a tradesman, if you don’t have it, you are vulnerable from a legal standpoint if a customer makes a claim, because you will be the first port of call as the installer or supplier of the product. However, with products liability insurance, your insurer will deal with the claim on your behalf and pass it onto the company who manufactured the faulty product.
Do I pay extra for products liability insurance with Tradesman Saver?
No, our Tradesman Saver policy includes public and product liability insurance cover automatically.
How much products liability insurance will I get?
The indemnity limit for products liability insurance is £1million with the option to increase to £2million or £5million. This is the maximum amount the insurance company will pay in any one period of insurance for all claims (usually a period of 12 months). Please ask us if you think you need a higher limit and we will make the necessary arrangements for you.
Why do you need products liability insurance?
A central heating engineer fitted a pump to a boiler which turned out to be faulty and as a result, it caused a flood resulting in major damage. The claim was dealt with by the engineer’s Tradesman Saver policy and was then passed back to the manufacturer of the pump.
A large number of tradesmen and professionals supply many different types of products to their customers that they don’t manufacture themselves but which, nevertheless, could cause injury or damage that they could be held responsible for if the product was faulty. Remember, you get product liability insurance automatically with Tradesman Saver.