As a locksmith, you play an important role in maintaining the safety and security of your customers’ homes. And while the job is rewarding and varied - any errors of judgement you make could pose a serious risk to your customers’ property and possessions.
So, whether you’re fitting a single lock or a state-of-the-art security system, it’s important you and your business are covered if something goes wrong.
Locksmiths’ public liability insurance
If you’re in the locksmith trade, public liability insurance is one of the most important insurance covers you’ll want to have for your business. This type of insurance covers your business if a member of the public is accidentally injured, or suffers financial loss as a result of your work.
With locksmith liability insurance, you’re also covered for situations such as:
- If you accidentally damage a client’s property – for example, if you made a dent in their wallpaper or broke a piece of art, while installing a security system
- If a member of the public hurt themselves as a result of your work – for example, if someone tripped and fell over your tools, while you were changing a lock
More about Hiscox Public Liability Insurance.
Employers’ liability insurance for locksmiths
Do you employ other staff in your locksmith business? If so, there’s a chance they could also become injured or ill while working for your business. If the worse did happen, they could decide to take legal action and seek compensation from you.
Employers’ liability insurance gives you essential cover in this kind of situation and could even cover the cost of defending or settling your legal case. However, it’s worth remembering that most locksmith liability insurance won’t cover you personally – it’ll just cover your employees.
More about Hiscox Employers’ Liability Insurance
Do I need both public liability and employers’ liability insurance?
Did you know that if you employ one or more members of staff, your business is legally obliged to have employers’ liability insurance? Public liability insurance, on the other hand, is not required legally – although many locksmiths that regularly work near members of the public still feel this kind of liability insurance is essential. If you decide to only get public liability insurance, it’s worth noting your employees won’t be covered.
Our office contents policy protects home or office-based small businesses against the cost of replacing or repairing your business equipment if it is accidentally damaged, lost or stolen. You can also add a range of specialist covers to your policy such as:
- Tool cover – cover for equipment which you use as part of carrying out your work, such as drills and circular saws.
- Portable equipment – cover for equipment outside of the office, such as mobiles and laptops
- Business interruption – cover for the financial losses that result from being unable to trade due to an unexpected interruption
- Equipment breakdown – cover for the sudden electrical or mechanical breakdown of your office equipment
More about Hiscox Office Insurance
Personal accident insurance
Our personal accident insurance is designed to support your locksmith business, if you or a key employee are unable to work due to an accidental bodily injury. Having an employee out of action can have a big impact on your business. And locksmith insurance could help minimise any financial losses by providing your business with a lump sum or weekly amount up to the limit of your cover.
More about Hiscox Personal Accident Insurance
Cyber and data insurance
Invoice tracking and stock taking are a key part of any locksmith business, and it’s likely you’ll use a computer to keep track of your accounts. If that’s the case, your business could be at risk of attacks by hackers or a data leak, which could have serious repercussions for your business. With cyber and data insurance, you’ll be protected against any legal or recovery costs if an incident does happen, so it’s an essential kind of locksmith liability insurance for anyone working in the trade.
More about Hiscox Cyber and Data Risks Insurance
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Need more help? Speak to our UK-based experts. Call us on 0800 2800 351
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What is your profession?
Find out more about the range of insurance covers we offer to specific industries and professions in the list below: