Public liability insurance

In case your business and products cause an injury or property damage.

What’s typically covered by locksmith public liability insurance?

Claims against your business for:

• injuring someone else while you’re working, or afterwards as a result of your work
• damaging someone else’s property while working, or afterwards because of your work
• injury or damage caused by your employee (remember, if you employ people, you must have employers’ liability insurance – it’s a legal requirement)

For example:

• someone trips over a bag on the floor in your premises, causing them to break their ankle
• you accidentally knock a client’s laptop onto a hard concrete floor, damaging it beyond repair
• your employee smashes a TV while working in a client’s house

**If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.**

Read more about public liability insurance

Employers’ liability insurance

In case anyone gets ill or injured while working for your business

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an injury to someone you employ, including contractors and temps, that happens as a result of working for you
• a member of staff (including casual workers) falling ill due to your business

**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**

For example:

• one of your employees falls down some stairs in your business premises, and makes a claim against you for chronic shoulder pain
• a temporary employee traps their hand in a door at your premises, causing several fractures
• a member of staff trips on a ledge on their way to a meeting, injuring their hip

Contents insurance

In case something happens to your fixtures, fittings, or operational equipment.

What’s typically covered by business equipment insurance?

Claims against your business for:

• destruction and damage of your contents equipment, such as furniture or photocopiers
• cover for flood or fire damage, plus theft and vandalism

For example:

• some of your business equipment, including a printer, is damaged by a fire
• several TV screens you use for virtual meetings are stolen by thieves
• an upstairs leak in your premises causes damage to the sofa and chairs in your reception area

Read more about business equipment insurance

Business legal insurance

In case you’re hit with legal expenses connected to your business.

What’s typically covered by business legal insurance?

Claims against your business for:

• costs and expenses for contractual disputes arising from an agreement
• cases relating to civil action taken against you for compensation under data protection legislation
• employment disputes and compensation, for both employees and volunteers

For example:

• a client says that your work wasn’t delivered on time and that you didn’t meet your contractual obligations, and they’re refusing to pay
• your employee leaves their laptop unattended in a coffee shop, and a third party is able to lift a customer’s data
• you need to dismiss an employee following client complaints, and they threaten to file an unfair dismissal lawsuit

Read more about business legal insurance

Personal accident insurance

In case anyone you’ve covered is accidentally injured, at work or off-duty.

What’s typically covered by personal accident insurance?

Claims against your business for:

• accidental death or injury, whether it happens at work or elsewhere, for anyone you’ve chosen to cover on your policy
• lost income, plus medical costs and hospitalisation benefit

For example:

• an employee you’ve covered on the policy slips on ice while commuting to the office, injuring their lower back
• you’re tidying the office and an old printer falls onto your shoulder, causing a serious injury
• your business partner bumps their head after a fall, causing ongoing health complications which stop them from working

Read more about personal accident insurance

Stock insurance

In case something happens to your products and consumables.

What’s typically covered by stock insurance?

Claims against your business for:

• loss, damage or theft of essential stock
• destruction of stock caused by fire or flood
• the cost of replacing items that you’re going to sell

For example :

• a fire in your shop destroys key stock
• your stockroom gets flooded by a leaking pipe
• someone breaks into your shop, stealing stock and damaging stock they leave behind

Read more about stock insurance

Tool insurance

In case your tools are lost, stolen or damaged.

What’s typically covered by tool insurance?

Claims against your business for:

• damage to the tools you use for work
• loss of your business tools or specialist equipment
• theft of your locksmith tools and equipment

For example:

• a thief steals your locksmith equipment and you miss out on a job
• you accidentally leave some specialist equipment out in the rain, damaging it beyond repair
• you lose your tools on a work trip

Read more about tool insurance

Buildings insurance

In case something happens to your business premises.

What’s typically covered by business building insurance?

Claims against your business for:

• damage to the structure of your building if there’s been a fire, flood, or vandalism
• contents, fittings, and equipment if they’re damaged by an event like a fire or flood
• repair and rebuild costs

For example:

• your shop’s wooden floor is damaged during a flood and needs replacing
• your employee damages an interior wall installing new equipment, as well as a glass door
• after a pipe bursts, you need to spend lots of money replacing flooring

Read more about business buildings insurance

Excess insurance

In case you need to make a claim on your insurance policy.

What’s typically covered by excess insurance?

Claims made by you for:

• when you make a claim on a cover included in your business insurance policy, you won’t need to pay excess

For example :

• after a heavy storm you need to make a claim on your building cover – you don’t have to pay the £250 excess thanks to your excess insurance
• a leak in the bathroom causes a guest to slip and injure themselves and thanks to excess cover, there’s no excess to pay on the claim
• a tenant’s suitcase scratches the wooden flooring in your hallway – you won’t have to pay any excess on your accidental damage claim