Written by Michael Foote, Insurance Expert
Having Insurance Isn’t Enough. It Has to Be Active and Accurate
You’ve taken out a tradesman insurance policy to protect your business but that cover could be useless if you don’t follow a few key rules. Many claims are delayed, reduced, or rejected entirely due to paperwork issues or small oversights.
Here’s how to avoid the most common mistakes and make sure your policy actually protects you.
1. Keep Your Business Details Up to Date
If you change your trading name, take on new types of work, or start operating from a new address, your insurer needs to know. Even small changes, like expanding into loft conversions or working in new areas, could affect your risk profile.
2. Don’t Underestimate Your Turnover
When you apply, your quote is often based on estimated turnover. If you grow quickly or take on larger projects, your declared figure could become outdated. That might leave you underinsured and your pay-out limited in the event of a claim.
3. Declare All Staff and Subcontractors
If you bring in temporary workers or labour-only subcontractors, make sure they’re disclosed. You may need employers’ liability insurance and failure to have it in place can result in daily fines.
4. Secure Your Tools and Equipment
Tool cover usually comes with conditions. If you leave tools in a van overnight or fail to use approved locks, your claim may be denied. Always check the wording and follow the security requirements.
5. Stick to the Work You’re Covered For
Your policy may exclude certain high-risk work, like asbestos removal, demolition, or heat-related jobs. Make sure your cover matches the actual work you carry out and contact your insurer before taking on anything outside your usual scope.
6. Keep Proof and Paperwork
Photos, risk assessments, signed contracts, and safety logs can all help support a claim. If you can’t prove what you did or how, your insurer may take the other party’s word over yours.
Does Your Policy Still Fit Your Business?
It’s easy to let a policy auto-renew without checking if it still fits. If your business has changed, or if you’re not even sure what you’re covered for, it might be time to compare your options.
To see quotes from trusted insurers, visit our Tradesmen Insurance page and protect your business properly.