As you prepare to enjoy the festive season, protecting your trade tools and equipment becomes more important than ever.
4 Main Sectors of Skilled Trades & Insurance Needed
What is a Tradesman?
If you wonder whether being a tradie is for you or what the benefits include, you've come to the right place. In this day and age of the digital world, having a quality, skilled trade under your belt can help to forge a long and fruitful career. There are so many brilliant reasons why being a tradesman or woman is a good idea. Not only will you have a long career, but you'll also find:
- The constant demand for your skills from worthy customers
- Quality training without being riddled with university debt
- The opportunity to earn whilst you are learning on the job
- The chance to set up and be your own boss after your training has finished
- An excellent salary that will only grow in the future
- An enriching career that brings many satisfying times.
If you have been considering 'going it alone' in the big bad world of self-employed tradespeople… then fear not. You are not alone, as it's been found that there are around 4 million self-employed people in the UK. This figure has been rising steadily for the past 20 years!
What's more, the benefits of training in a trade and going it alone are tenfold. It's been found that annual turnovers for tradies have been rising rapidly since the early 2010s, and skilled trades have even begun to 'out-earn' prestigious university degree alumni.
As with everything in life, there is plenty to learn when starting up independently. You might wonder where to start when setting up a business. What is the right insurance I need? Should I pay for some marketing, set up some social channels or create TikTok videos? Let's explore some of these and specifically answer questions surrounding trade insurance.
Why choose a skilled trade as a long-term career?
When it comes to considering what trade to get into, the ONS has stated that you could choose four separate directions of travel. The main sectors for skilled trades:
It will be a demanding but rewarding career for anybody who chooses to work in agriculture. You might be learning to catch fish, raise livestock, care for crops, land management, gardening and many other areas. A point to show how rewarding this career could be is that Country Living has shown that only 3% of millennials consider agriculture a viable career for them - meaning there will soon be a major skills shortage in the trade. As farmers get older, a reasonably lucrative (but hardworking) trade career is being overlooked. So if you aren't one for being chained to a desk, this could be an area to consider.
If you live for the outdoors, then they type of jobs fall under the agriculture trade banner:
- Gardeners and landscapers
Metal and Electrical Trades
Another popular sector includes erecting metal structures, mechanics, electrical contractors, and various other positions. Many of these jobs are stated to have a skill shortage in the UK - similar to agriculture, we have an ageing workforce and need more youth training in these trades. Some typical jobs include:
- Electrical engineers
- HGV professionals
- And many others
For those wondering about salaries for specific trades, there's only good news. Data from surveys in 2019 found that the average electrician's salary had risen to over £32,000. At the same time, the average for plumbers and carpenters was £31k and £27k respectively.
A well-known and significant gap in the UK is the number of homes available for everyday people. Consecutive governments have pledged to build hundreds of thousands of homes. This is an excellent sign for anybody thinking of getting themselves a trade or going it alone. A skilled tradie will be in high demand for many years to come.
Some of the most popular trades include:
If you are wondering why you should consider becoming a bricklayer in the UK, why not read our blog post now.
Additional Trades (and Textiles)
This category had a wide variety of trades under its hat. Some career paths to consider will include:
The popularity of these trades has been growing steadily through newer ways of doing the jobs and gaps in the markets appearing. Younger people considering training and going into these lines of work will need the right insurance, and that's where Rhino Trade Insurance gets to work.
Why do you need Tradesman insurance?
Whatever type of trade you are in or fancy training in, it's worth reminding yourself that trade insurance is an excellent commodity to hold. We have various tailormade policies to fit your trade's exact specifications here at Rhino.
What's more, it just makes complete sense to hold insurance. Whether you are building a home, cleaning a carpet, using machinery or catering for a small wedding. Having the correct level of cover ensures that your business will survive a compensation claim should the worst happen.
Most popular Tradesman insurance?
At Rhino Trade Insurance, we have several beneficial policies for your trade business:
Public Liability Insurance
Public Liability Insurance is there for those days when everything goes wrong. If your trade or business comes into contact with members of the public, then you will need this. It's not a legal requirement, but you'd be foolish to avoid it. It will cover for the injury to a customer or damage to a client's property because of your work. So if you are valeting a Ferarri and manage to smash the window - you are covered. If you are laying bricks and knock a pile over onto a customer's foot - you are covered. Find out more about public liability insurance. Our prices start at just £6.07 a month.
Employers' Liability Insurance
Employers' Liability Insurance at Rhino is similar to the above; only this covers any injuries or damage caused by your staff members. Now, this is a legal requirement, and without it, you can be fined up to £2,500 a day by the local council. At Rhino, our cover starts at just £72.80 a month.
Contractor's All Risks Insurance
This type of trade insurance is popular for builders or those that work in construction. A popular policy that covers you for any contract value, plant or machinery on-site (owned or hired) and even covers staff belongings stored on site. To get a deeper understanding of this excellent insurance option, read our blog now.
Tools In Transit Insurance
And finally... One of Rhino's most popular cover options is Tools Insurance. This is excellent for any trade that uses some form of equipment that would be expensive to replace. Imagine losing all of your tools and not being able to replace them immediately with your compensation - you simply wouldn't be able to work. Our policies start at £3.75 a month and can cover you for up to £10,000 of lost, damaged or stolen tools. Find out more now.
Have any questions? Call Rhino Trade Insurance now.
After all that information, you might want to have a beer. If you are a tradesperson looking for the right level of cover and need some help, our friendly insurance experts are waiting at the end of the phone to help. We are based in the lovely city of Leicester and have years of experience in the trade game. Call us now on 0116 243 7904.