Carpenter Insurance Explained - What Insurance Do You Need?
It’s no secret that whatever your business or trade, you need to be protected with the right kind of insurance. But how specific can your cover be? What kind of cover can be included specifically with carpenter’s insurance, and how does this differ from other kinds of insurance?
In general, every business or tradesman, even if self-employed, should have some kind of commercial insurance cover that protects you from the unexpected. Basic cover for businesses includes things like employer’s liability, public liability, and office or shop insurance. But what about more specific trades like carpentry? How should your tradesman insurance be tailored to you?
Luckily, at Higos, we’re experts in providing bespoke, tailored cover to a huge range of businesses and trades. Whether you’re looking for self employed carpenters insurance, or looking for cover for a larger business and team, we’re here to help. So let’s break down some of the common questions we get around carpenters insurance below…
What is carpenter’s insurance?
Carpenters insurance is a type of commercial tradesman insurance that’s tailored specifically to those working in the carpentry trade, whether for a larger business with multiple team members, or for those who are self-employed.
As a carpenter and a tradesman, you’re often working with and interacting with the public, so it’s vital that you’re protected against the unexpected. Both for yourself, and your business.
What does carpenter’s insurance cover?
That’s the beauty of our commercial insurance packages; your cover can be tailored to your specific needs and requirements, and forget the cover that’s not relevant.
The most common policies we include in our carpenters insurance services are:
- Public liability insurance
- Van insurance
- Tools and equipment cover
- Professional indemnity insurance
- Contract works insurance
If you’re managing a team of staff, you will also be required to take out some kind of employer’s liability insurance.
You may also wish to consider Goods in Transit Insurance, if you’re often transporting tools and materials to and from sites. Another popular type of cover is Legal Expenses Insurance, which covers you for your legal costs in the event you are taken to court over a claim against you, and Personal Accidents cover.
Why should you have carpenter’s insurance?
While you should make sure you’re covered by some kind of commercial insurance at all times, taking the time to find the right tailored cover for your business is best practice to not only ensure you’re getting value for your money, but that you’re protected against the worst. Just imagine: you’re working on a client’s premises, and an accident means you’ve caused massive damage to their property that you’re unable to fix. The client demands compensation that you’re unable to cover yourself – your public liability insurance will cover this, as long as you’ve taken out the correct amount of cover. Or, imagine some of your tools are stolen through no fault of your own. It’s way too expensive to cover the cost of replacing these outright – but with the right tools insurance, this could be sorted through no major to cost to you.
By taking out specialist carpenters insurance cover, this can be tailored to your unique risks and needs, and the nature of your business.
To find out more about our specialist tradesman insurance cover for different trades, get in touch with our team today by calling 01458 270323 to get the right cover for you, at the right price. Or, request a call back and one of our commercial experts will be in touch. After all, for bespoke advice and tailored carpenters insurance, it has to be Higos.