Cheap Public Liability Insurance For Tradesmen: What To Look Out For

For many tradesmen, making a decent living can prove to be something of a tricky balancing act (no, not the sort that’s going to violate health and safety). You’ll want to do the best job possible for your clients while trying to keep margins tight to make the work worthwhile in the first place.

But while it’s best to leave cutting corners to a joiner, there are ways you can reduce your operating costs while still providing a high standard of service.

No tradesman should work without the safety net of tradesman’s insurance, but if you’re prudent, cover doesn’t have to hammer a hole in your profits. Cheap public liability insurance for tradesmen doesn’t have to leave you exposed and can provide a sound foundation for your business to flourish.

What Is Public Liability Insurance?

Public liability cover is essential when working in any service industry and, in some cases, clients may ask for proof that you’re covered before taking you on. Public liability covers you for damage to a client’s property or injury to the client themselves or another third party. It, therefore, protects you for claims brought against you by customers or members of the public.

Liability insurance will come with an indemnity limit, and that is the maximum amount an insurer will pay out for a claim. Standard indemnity limits are usually around £5 million, but that figure can be higher or lower depending on your level of risk. Of course, a higher limit means a higher premium so it’s easy to see that this is an area you can look at to get a cheap public liability quote.

What’s The Average Cost of Public Liability Insurance?

In the UK, the average cost of public liability insurance for tradesmen is approximately £200-£300 per year. However, the actual amount you pay will depend on several factors such as:

• Your profession and level of risk

• The size of your business

• The indemnity limit required

Factors like these can affect the price of a policy, so it’s important you look around and shop for the best value cover for your needs.

How Can I Reduce My Public Liability Insurance?

In order to cut the cost of your public liability insurance, you can reduce your risk by not taking on work which is too hazardous. A tradesman with a good deal of experience can be attractive to an insurer as they’re less likely to need to make a claim.

If you have worked as a tradesman for a number of years and not made a claim on your public liability insurance, you could also qualify for a no claims bonus which will shear another few quid off your cover.

Getting the best job done requires focus, care and attention and the same goes for getting affordable public liability insurance. Optional covers, for example, may be great in terms of providing optimal, all-round business protection, however, they can seriously drive your quote up, so it’s best to avoid them if you want to keep that premium low.

many tradesmen, making a decent living can prove to be something of a tricky balancing act (no, not the sort that’s going to violate health and safety). You’ll want to do the best job possible for your clients while trying to keep margins tight to make the work worthwhile in the first place.

But while it’s best to leave cutting corners to a joiner, there are ways you can reduce your operating costs while still providing a high standard of service.

No tradesman should work without the safety net of tradesman’s insurance, but if you’re prudent, cover doesn’t have to hammer a hole in your profits. Cheap public liability insurance for tradesmen doesn’t have to leave you exposed and can provide a sound foundation for your business to flourish.

What is public liability insurance?

Public liability cover is essential when working in any service industry and, in some cases, clients may ask for proof that you’re covered before taking you on. Public liability covers you for damage to a client’s property or injury to the client themselves or another third party. It, therefore, protects you for claims brought against you by customers or members of the public.

Liability insurance will come with an indemnity limit, and that is the maximum amount an insurer will pay out for a claim. Standard indemnity limits are usually around £5 million, but that figure can be higher or lower depending on your level of risk. Of course, a higher limit means a higher premium so it’s easy to see that this is an area you can look at to get a cheap public liability quote.

How can I reduce my public liability insurance quote?

In order to cut the cost of your public liability insurance, you can reduce your risk by not taking on work which is too hazardous. A tradesman with a good deal of experience can be attractive to an insurer as they’re less likely to need to make a claim.

If you have worked as a tradesman for a number of years and not made a claim on your public liability insurance, you could also qualify for a no claims bonus which will shear another few quid off your cover.

Where Can I Find Cheap Public Liability Insurance?

Here at Tradesman Saver, we’re proud to offer extremely affordable public liability insurance, designed to offer comprehensive coverage to our customers, without breaking the bank. In fact, we can provide public liability insurance for as little as £59 per year, depending on your trade and level of risk.

While the more dangerous trades will need to pay more, we’re still dedicated to delivering the lowest cost public liability insurance to all our customers. If you suspect you’re paying too much for your tradesperson public liability insurance, don’t hesitate to get in touch with our experienced team today.

Why Is Tradesman Saver’s Public Liability Insurance So Cheap?

There are a few reasons we’re able to offer public liability insurance at a much lower cost than our competitors.

First of all, we’re specialists. Our team are fully committed to offering specialist insurance policies to tradesmen and the self-employed. That means we understand the risks our clients and the general public face, and we’re able to ensure comprehensive coverage to protect against these potential issues.

Secondly, we aren’t on price comparison sites. Essentially, these sites drive up the cost of the public liability insurance policies, all with the goal of making more money for the comparison site itself. As we don’t pay these fees, we’re able to pass the savings directly on to you, the customer.

Thirdly, we believe in a fair system. Tradespeople are the lifeblood of the UK – you maintain our homes, our vehicles and our infrastructure. Without talented tradespeople, this country would grind to a halt. We think it’s only fair that we reward your skills, dedication and work ethic with a reasonable, affordable rate that still protects you and the wider public, but doesn’t break your bank.

Find Cheap Tradesman Public Liability Insurance With Tradesman Saver

All in all, the easiest way to find a cheap public liability insurance quote is just to search around and try out lesser known companies, as they have much more of an incentive to keep costs down and keep customers happy than larger insurance companies do.

For more information, don’t hesitate to get in touch with our experienced team today. We offer a complete range of public liability insurance policies, designed to help people from all trades and all walks of life carry out their work without worrying about their bank account.