Why choose Hiscox for insurance for your alarm installer business?
Someone is injured after an accident
As you’re installing a new security system in a large office complex, a ceiling tile falls and lands on an office worker. They’re sent to the hospital to check for concussion and ultimately, must take sick leave and recuperate for a few days.
The employee takes action against you. Public liability insurance can help to cover compensation and legal fees.
Your apprentice falls from a ladder
An apprentice is taking part in a system installation and is fitting an alarm to the outside of a customer’s home. The uneven surface results in a slip and they fall from the ladder and sprain their ankle.
Your apprentice decides to take legal action. Employers’ liability insurance could cover the costs of legal fees and any potential compensation.
Your tools are missing or damaged
As an alarm installer, you work with tools day in, day out. When you return to a job after taking a lunch break you realise your tools aren’t where you left them. Whether they’ve been stolen, or you’ve misplaced them, you’re stuck.
Taking out property away and in transit insurance in the previous months may help you to come unstuck. This insurance, also known as tool insurance, could cover missing or damaged tools on a job, so you can rest assured you’ll be back to work soon.
Contents insurance may also step in, should tools be stolen from your business premises. Meanwhile, equipment breakdown cover can deal with sudden mechanical failures.
What insurance is available for alarm installers?
Public liability
Public liability insurance can be relevant for businesses who work with or around the public. While unlikely, if your work injures a member of the public, they can bring a claim against you, and you could face legal action. Public liability insurance can provide help with the costs of legal expenses.
It’s also worth noting that some contracts may require you to have a certain level of PL insurance to start the job.
Employers’ liability
If you employ anyone you’re legally required to have employers’ liability insurance (external link) in most cases. It’s there in case an employee is injured while working or falls ill as a result of their work. You likely make every effort to ensure your staff are safe in the workplace.
But employers’ liability insurance is there to provide financial security if a claim is made against you.
Tool insurance
Tool insurance, technically known as property away and in transit insurance, can safeguard your tools when you’re out and about on different jobs across the UK. It might help you to work with confidence. That’s because it could cover the costs of replacing tools if they’re lost or stolen or sustain external physical damage, for example being dropped or hit. It’s different to regular contents cover, which handles incidents specifically on your business premises.
Worried about a tool malfunction or mechanical breakdown instead? Equipment breakdown cover could shield you from the costs of unexpected mechanical failures.
Insurance for alarm installers and alarm and security engineers doesn’t end there. There may also be further cover types relevant to your job. For example, commercial property insurance, legal protection insurance, and cyber and data insurance.
Contact us to talk through the options.
Wondering what might be the best package of cover for your alarm installer business? Our team can help you to build a tailored quote.
Build my coverInsurance for alarm installers: FAQs
Is any insurance required by law for an alarm installer’s business?
If you’re an alarm installer, the law doesn’t automatically require you to have insurance to operate. However, if you have employees, you will be legally required to purchase employers’ liability insurance in most cases. Similarly, certain contracts may require you to have some form of insurance, typically public liability.
How much can I insure my alarm installation business for?
It depends on which insurance product you’ve taken out. At Hiscox, you can get up to £5m cover with our public liability insurance for claims where a member of the public has suffered an injury or their property sustained damage through your business activities.
Is legal protection cover for alarm installers?
Legal protection cover can help you to cover the costs of any legal disputes that arise in relation to your business, so if you’re running an alarm installer business that could be relevant to you. It helps to cover solicitor fees, court costs and expenses. So, if you got into a legal dispute over claims you had damaged a client’s property, for example, it could prove useful.
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