You will be logged off in  seconds due to inactivity and risk losing your quote. Click here to continue using this web page.

Types of Insurance Every Trade Business Should Consider

Rhino Trade Insurance 18 October 2023

In each trade, there are different challenges: Different hazards, tools, and materials. But every tradesman and woman share a common dilemma: without a reliable trade insurance policy, you face the risk of being caught off guard if something goes wrong. You might not be aware that injuries on-site and tool theft are among the most frequent types of claims, followed closely by damage to a third party's property.

However, Here at Rhino Trade Insurance, we've done all the maths, sipped all the coffee and put in countless hours to develop some of the best and most comprehensive trade insurance plans for virtually every trade in the UK. Let's see what cover is available for your business now!

Public Liability Insurance For Your Trade Business

Public Liability Insurance is often the first type of coverage that comes to mind for tradespeople in the UK. It is a fundamental policy that provides protection in case a third party (such as a client or a member of the public) suffers injury or property damage as a result of your business activities. It isn't legally required, but let's check out why it's crucial to purchase this insurance:

  • Protecting Your Reputation: 

Accidents happen, and when they do, they can tarnish your business's reputation. Public liability insurance ensures that you can compensate affected parties promptly, maintaining your credibility and client trust.

  • Financial Security: 

Without insurance, a hefty compensation claim could jeopardise your business's financial stability. Public Liability Insurance covers legal fees and compensation costs, preventing a financial disaster.

What does Rhino Trade Insurance offer?

  • Available levels of coverage include £1 million, £2 million, and £5 million.
  • Prices can start at just £6.07 per month
  • Multiple trades/business activities can be included
  • Seamless process with quick documentation
  • Options for monthly or annual payments
  • Straightforward phone support in the UK

Employer's Liability Insurance For Businesses That Hire Staff

If you employ staff, even part-time or temporary workers, Employer's Liability Insurance is a legal requirement in the UK. It provides protection for claims made by employees who suffer injury or illness due to work-related activities. Key points to consider include:

  • Legal Obligation: 

The law mandates that you must have Employer's Liability Insurance if you employ one or more individuals, as you can face significant fines if you fail to comply.

  • Protection for Employees: 

This insurance ensures that your employees receive compensation for injuries or illnesses that occur while working for your trade business, reinforcing your commitment to their well-being.

  • Peace of Mind: 

Knowing that you have the necessary coverage in place provides peace of mind and shields your business from costly legal battles.

What does Rhino Trade Insurance offer?

  • Coverage for £10M, in compliance with all statutory requirements
  • Tailored cover for multiple trades/business activities
  • Easy to add on further cover
  • Immediately receive your documents.
  • Options for monthly or annual payments
  • Phone assistance in the UK

Protecting Your Important Toolkit with Tool Insurance

For many tradespeople, their tools and equipment are their most valuable assets. Tool Insurance is designed to protect these essential items against theft and damage. Here's why it's crucial:

  • Costly Replacements: 

Replacing stolen or damaged tools and equipment can be prohibitively expensive. Tool Insurance ensures you can quickly recover and get back to work.

  • Minimal Downtime: 

With coverage in place, you won't be left scrambling to replace tools, minimising downtime and potential loss of income.

What does Rhino Trade Insurance offer?

  • Coverage for tool theft or damage up to £7,500
  • Expenses associated with tool repair or replacement are covered.
  • Van storage is permitted overnight (subject to security requirements)
  • Personalised cover
  • Instantaneous document issuance
  • Options for monthly or annual payments
  • Six days a week, UK phone help is there for you

Professional Indemnity Insurance For Tradesmen and Women

Professional Indemnity Insurance is essential for tradespeople who provide advice, consultancy, or design services as part of their work. It offers protection if a client claims financial loss due to errors, omissions, or negligence in your professional services. Here's why you should consider it:

  • Legal Safeguard: 

Professional Indemnity Insurance provides a legal defence and covers compensation costs if a client takes legal action against you for alleged professional mistakes or oversights.

  • Client Trust: 

Having Professional Indemnity Insurance demonstrates professionalism and accountability, helping you build and maintain client trust.

  • Contractual Requirements: 

Some clients or contracts (especially larger businesses and local governments) may specify the need for Professional Indemnity Insurance as a condition for working with them.

What does Rhino Trade Insurance offer?

  • Available limits of indemnification are up to £2M
  • Competitive rates for the majority of trades, including plumbers and electricians
  • Possibility of covering several trades
  • Immediately get your documents after purchase
  • Phone support in the UK
  • Options for yearly and monthly payments

Personal Accident Insurance For Trade Businesses

As a self-employed tradesperson, you don't have the luxury of sick pay or employee benefits. Personal Accident Insurance steps in to provide financial support if you are unable to work due to injury or illness. Here's why it's valuable as a tradesman or woman:

  • Income Replacement: 

This insurance can help you maintain your standard of living while you recover from an illness or injury by providing a portion of your usual income or a lump sum.

  • Peace of Mind: 

Stress can be reduced, and you can concentrate on healing when you know you have a backup plan in case of unforeseen health difficulties.

What does Rhino Trade Insurance offer?

  • Up to £50,000 will be given as a lump amount in the case of an accident.
  • Three unique levels of coverage are available to you.
  • Options for monthly or yearly payments
  • Starting with premiums under £8 per month
  • Instant certification and documents available

Legal Expenses Insurance

Legal Expenses Insurance provides coverage for legal fees and expenses in various situations, including contract disputes, employment issues, and property-related disputes. 

Here's why it's worth investing and getting this cover:

  • Costly Legal Battles: 

Legal disputes can quickly escalate, resulting in significant legal bills. This insurance ensures that you have the financial means to defend your rights.

  • Access to Legal Experts: 

It includes access to a network of legal experts who can assist in resolving disputes efficiently.

  • Peace of Mind: 

Knowing that you have Legal Expenses Insurance in place can give you peace of mind when dealing with potential legal issues.

What does Rhino Trade Insurance offer?

  • Coverage of up to £50,000 for a variety of legal disputes
  • Jury service costs covered - £100 per person per day (up to a maximum of £1,000).
  • A legal hotline is available
  • Instantaneous cover with prompt document issuance
  • Easily add to your public liability policy
  • Options for monthly or annual payments; no additional costs
  • Phone assistance in the UK

Why Choosing Rhino Is Best For Your Trade Business

Protecting your trade business is a responsibility that should not be taken lightly. While the specific insurance needs of tradespeople in the UK may vary, the common thread is the need for comprehensive coverage to mitigate risks and safeguard your livelihood. 

Public Liability, Employer's Liability, Tool cover, Professional Indemnity Insurance, Personal Accident protection and many others are all vital components of a robust insurance strategy as a tradesman or woman.

By investing in the right insurance policy with Rhino Trade Insurance, you can ensure your business is ready for anything! The trades can throw up a variety of situations, so having cover will ultimately see you stay safe and successful throughout your career. Get your next quote by visiting our website or call our team today on 0116 243 7904. 

Why Furniture Repairers Need Public Liability Insurance
Why Furniture Repairers Need Public Liability Insurance

Rhino Trade Insurance 17 May 2024

Today we’re going to chat about why having insurance cover is as crucial as a steady hand when it comes to fixing up those beloved pieces of furniture. So, grab a cuppa, take a break from sanding that old oak dresser, and let’s get into it!

Read more

The Essential Guide to Exhibition Stand Erectors Insurance
The Essential Guide to Exhibition Stand Erectors Insurance

Rhino Trade Insurance 16 May 2024

If you're in the business of exhibition stand erecting in the UK, then you know that every day brings a new challenge, a new project, and a new opportunity to showcase your skills. But amidst the hustle and bustle of daily life as an exhibition stand erector, there's one thing that often gets overlooked – your insurance.

Read more

2024 Outlook: Key Trends and Predictions for UK Tradespeople
2024 Outlook: Key Trends and Predictions for UK Tradespeople

Rhino Trade Insurance 15 May 2024

Let's roll up our sleeves and explore some key trends and predictions shaping the landscape for UK tradespeople this year.

Read more

Get an Instant Quote

Tell us your trade and get a tailored insurance quote for your business in seconds


Our team of experts are available to talk to Mon-Fri 08.30-17.30 and Sat 10.00-14.00

online chat

Online Chat

Our team are online during office hours. Send a message if you have a query.



Call our team of experts during the office hours noted above.


Not ready to talk?

No problem. Fill in our quick form and let us know when’s a good time for you.