Tradesman insurance is a term that covers insurance for men and women who work in a trade. It is designed to cover them against the kinds of losses and liabilities that their work may make them susceptible to.
Most people associate Churchill insurance with the nodding dog that promoted their car insurance, and indeed when they were launched in 1989 car insurance, sold direct to the public, was their only product. The company then grew, partly by absorbing existing businesses, until it was bought by the Royal Bank of Scotland (RBS) group in 2003 where it joined another direct insurance selling organisation, Direct Line. After RBS fell foul of the banking crisis in 2008 both companies had to be sold off and Churchill is now part of the Direct Line Group, underwritten by UK Insurance Limited. Churchill provide public liability insurance for trades people as well as a range of optional extras that include employers liability cover of up to £10 million, business stock, own and hired – in plant, and tool cover. A separate personal accident package can also be bought. Typical customers include gardeners, electricians, joiners, plumbers and builders. Just like the other companies in the Direct Line group, they only sell direct to the customer, and do not appear on price comparison websites.
Tradesmansaver is a trading style of Barkdene Limited, which began in 1984 under the name of their brokerage, Henry Seymour & Co., a name they still use. Their first speciality was insurance for hairdressers under their Salon Gold name, and then they branched out and were amongst the first to offer insurance specifically to tradespeople. Their standard public liability offering provides up to £5 million worth of cover for product liability as well as public liability, and £10,000 cover for associated financial loss. If work is carried out abroad cover is still available for up to 14 days, with the exclusion of Canada and the USA. Their standard policy also includes accidental death cover for the insured person and any employees, limited legal expenses, and financial loss cover which insures against financial losses which are incurred by a third party. Optional extras include business contents, personal accident, professional indemnity, employers liability, and short-term income protection for those holding personal accident cover.
Trade Direct Insurance Services Limited is part of the Kelliher Insurance Group, which also includes SelfBuild Insurance, Kerry London, a business insurance specialist, and Kerry London Underwriting, which provides highly specific insurance needs, mainly for the building and allied trades. They have been in business for over 30 years, and are underwritten by major insurer Zurich, who reputedly pay out on 99% of claims. Trade Directory Insurance cover contractors, partnerships, sole traders, limited companies and businesses that turnover no more than £3 million per annum. They can cover members of more than 70 different trades, including builders, plumbers, electricians, roofers, scaffolders, heating engineers, glazers, air conditioning fitters and painters and decorators. Their public liability policy can pay out up to £10 million and they can include accidental loss or damage of tools, financial loss suffered by third parties, professional indemnity cover, and accidental death.
Rhino Trade Insurance Services is a trade name used by Rhino Protect Limited (formally Vantage Protect Limited) which is a Leicester-based insurance brokerage, first formed in 2006. Their policies are underwritten by insurers from a panel which includes Markerstudy, Ageas, Arag and Tokio Marine. They specialise in providing insurance cover for self-employed tradesmen and women in all parts of the United Kingdom, including plumbers, gas engineers, heating engineers, carpenters, bricklayers, gardeners, and kitchen or bathroom fitters. Public liability is of course the must have for any business and this can be arranged as standard with a limit of £1 million £2 million or £5 million, and this can be increased to £10 million in certain cases. They can also provide employers liability insurance for those who employ people. Rhino have an online quoting system, or they can be contacted by telephone during office hours.
Covéa is a major French mutual insurance company which has grown, mainly through acquisitions, into a group that employs around 26,000 people. Their UK branch, Covéa Insurance plc, was formed by the merger of insurers Provident, MMA and Gateway in 2012, with Sterling Insurance joining them in 2015. By 2019 the UK company had nearly 2000 employees in Britain, and seven offices. Their tradesman policy is designed around the needs of self-employed people and small businesses, with no more than 10 employees and as usual the main policy insures against public and product liability risks. To this can be added, optionally, cover for tools; goods in transit; employers liability; own plant; hired in plant; and contract works, which provides indemnity against damage to either temporary or permanent works that the insured is working on. There is a free helpline for advice about business or legal issues and a 24/7/365 helpline for claims.
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