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Why Refrigeration Engineers Need Insurance

Rhino Trade Insurance 24 June 2024

As a refrigeration engineer, you play a crucial role in guaranteeing that both commercial and residential cooling systems operate efficiently. From maintaining supermarket freezers to repairing air conditioning units in office buildings, your expertise keeps vital systems running smoothly. 

However, with great responsibility comes great risk. Whether you've been fixing refrigeration units for years or just starting out in the field, having comprehensive trade insurance coverage is essential to safeguarding your livelihood. 

In this blog post, we'll delve into why refrigeration engineers need trade insurance, explore the types of coverage available, and explain why Rhino Trade Insurance is the preferred choice for many tradespeople around the UK.

The Need for Insurance: Safeguarding Your Trade

Refrigeration engineers encounter various risks daily, from handling hazardous materials to working in confined spaces. These hazards can quickly lead to accidents, injuries, and even legal disputes. Insurance provides a safety net for your trade business that protects you against the financial repercussions of these incidents. Without insurance, a single claim could potentially devastate your business and personal finances - take our largest claim ever - £240,000! Could you afford to pay that without cover?

Common Risks Faced by Refrigeration Engineers

Accidents and Injuries: Working with heavy machinery, electrical components, and refrigerants can be dangerous. Accidents like slips, trips, and falls are extremely common in the trade industry, and handling equipment improperly can result in serious injuries.

Property Damage: Accidental damage to clients' property, such as breaking a refrigeration unit or causing a leak, can lead to expensive repairs or replacement costs. 

Environmental Hazards: Refrigeration engineers often work with chemicals and gases that, if mishandled, can cause environmental damage. Legal consequences from such incidents can be severe and cause a major headache without adequate coverage.

Legal Liabilities: Your customers may seek legal action for damages if they believe your work was substandard or if an installation goes wrong. Just think, could you afford to take time out of work to handle a legal issue? Legal fees and compensation can be prohibitively expensive and cause plenty of sleepless nights. But with the right insurance, your worries can be put to bed. 

Types of Trade Insurance for Refrigeration Engineers

To mitigate these risks, refrigeration engineers should consider several types of insurance coverage and create a fully-fledged insurance package to cover them for all bases:

  1. Public Liability Insurance

Public Liability Insurance is key for protecting your trade business against claims from third parties for injury or property damage. For example, if a client trips over your tools and injures themselves, or if you accidentally damage a customer's property while installing a refrigeration unit, Public Liability Insurance will cover legal fees and compensation costs. Our public liability insurance is the basis of your policy and is simple to take out. Find out more here

  1. Employers' Liability Insurance

If you employ staff members, Employers' Liability Insurance is a legal requirement in the UK. This insurance covers claims made by any of your employees who encounter work-related injuries or illnesses. For instance, if an apprentice suffers a chemical burn while handling refrigerants, Employers' Liability Insurance will cover any expenses as well as any potential legal claims.

  1. Professional Indemnity Insurance

Professional Indemnity Insurance protects your trade business from claims of neglect, oversight or mistakes in your professional services. If a client alleges that your advice or installation led to financial loss or damage, this insurance covers the legal costs and any compensation awarded. For example, if a refrigeration system you installed fails due to an overlooked fault, causing the client to lose stock, Professional Indemnity Insurance would come into play.

  1. Tool Insurance

Your tools are essential to your trade, and without them, you simply couldn't work - have you ever tried fixing a refrigeration unit without your tools? Tool Insurance covers the cost of replacing or repairing your tools (like-for-like) that are lost, stolen, or damaged. Considering the high value of specialised refrigeration tools, this insurance is a wise investment to avoid significant out-of-pocket expenses and can be added to our policies in a matter of seconds. 

  1. Personal Accident Cover

Personal Accident Cover provides financial support if you suffer an injury that stops you from working. This insurance provides a lump sum payment if you're unable to continue working due to a serious accident and is a real benefit for self-employed tradespeople like yourself. Given the physical nature of refrigeration work, this coverage ensures you're not left without income if you're injured.

Frequently Asked Questions About Refrigeration Engineer Insurance

  1. Do I need insurance if I'm a sole trader?

Yes, even as a sole trader, you face risks that could lead to significant financial loss. Public Liability and Tool Insurance are especially important for covering potential damages and losses when working for yourself.

  1. Is professional indemnity insurance mandatory?

While not legally required, Professional Indemnity Insurance is a highly recommended addition to your Public Liability policy in order to protect against claims of negligence or errors in your work.

  1. How much does insurance cost?

The cost of trade insurance varies based on factors such as the size of your business, the number of employees you have, and the levels of coverage you choose. It's best to get a tailored quote from one of our expert brokers at Rhino Trade Insurance to understand your specific costs.

  1. What happens if I don't have employers' liability insurance?

Failing to have Employers' Liability Insurance can result in hefty fines and legal penalties (fines can be as high as £2,500 a day). This is due to this cover being a legal requirement for businesses who have employees in the UK.

Why Tradespeople Choose Rhino Trade Insurance

When it comes to choosing the right insurance provider, refrigeration engineers and other tradespeople often turn to Rhino Trade Insurance for their cover. Here's why:

Comprehensive Coverage

Rhino Trade Insurance has crafted a wide range of trade insurance products tailored specifically for tradespeople like you. Whether you need Public Liability, Professional Indemnity, Tool Protection, or Personal Accident cover, Rhino has you covered.

Competitive Pricing

Rhino Trade Insurance is known for its competitive pricing. We understand that budget constraints of small businesses and sole traders are important and offer affordable premiums without compromising on coverage.

Easy Online Process

Getting insured with Rhino is straightforward and only takes a moment of your time. Easily get a quote online, purchase your policy, and manage your coverage within seconds. This convenience saves you time and lets you focus on what you do best - your work.

Excellent Customer Service

At Rhino, we pride ourselves on top-notch customer service. Our team of knowledgeable advisors is available to answer any questions and provide information on the best insurance options for your needs. We haven't got over 3,000+ five-star reviews for nothing, you know!

Secure Your Refrigeration Business with the Right Insurance

As a refrigeration engineer, you face daily risks that could impact your business and financial stability. Investing in thorough insurance cover is not just a wise decision; it's essential for protecting your trade and your future. From Public Liability to Tool Protection, having the right insurance policy ensures you're prepared for any eventuality.

Choosing a reputable provider like Rhino Trade Insurance allows you to stay safe when things go south. With our team offering tailored coverage, competitive pricing, and exceptional service, what more could you need?

For more information and to get a quote, visit Rhino Trade Insurance's website or simply give our team a call at 0116 243 7904. We are available six days a week and even open on bank holidays. 


About The Author Phil McCormick

Experienced in brand marketing and content. Most of that lovely communication you see online will be from Phil. social media, emails, videos, how to make a bacon sarny? You get the gist!

Trade most identified with: Electrician - It’s our Phil’s job to map out all our communications and make sure the signal works! Also, he’s one of the cockiest blighters in the team so electrician fits perfectly!

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