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LOCKSMITH INSURANCE
Locksmith insurance helps to protect your business from the unique risks you face so you can focus on the job at hand. Whether you cause accidental damage to a property you're working on, tools being stolen from your van or if you're forced off work through injury or illness, having the correct cover in place can be vital for keeping your business afloat.
Cover from £6.07 per month
Protection for tools and equipment
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The Importance of Locksmith Insurance
Having trade insurance is vital for anyone working in the trades when protecting your business if something goes wrong. At Rhino, we have designed specialised insurance products for almost all trades in the UK, and that's to ensure that you have the right cover in place for your type of work. Whether you are interested in Public Liability Insurance, Tools Insurance, Legal Expenses Insurance or Income Protection, we have the right cover for you at the best possible price on the market.
As a Locksmith, don't leave yourself short. Having the right insurance for locksmiths in place could be the key (no pun intended) to helping your business survive should you face a claim.
Locksmith Public Liability Insurance
Having insured thousands of tradespeople across the UK for years, we know which policies locksmiths rely on most. Public Liability Insurance is one of our most popular products, and it's easy to see why.
Public Liability Insurance is one often, it’s one of the most important policies you can buy. It protects you and your business if you injure a customer, client or member of the public while working, or if you damage a customer's or a third party's property. Without cover, you'd be personally responsible for any compensation claim made against you.
At Rhino, Locksmith Public Liability Insurance starts at just £6.07 a month.
Public Liability Insurance isn't a legal requirement, but most clients and contractors expect you to have it before they'll hire you. Depending on the size and value of your contracts, you may want to consider a higher level of cover. Get a quote today and choose the limit that suits your business.
Why Do I Need locksmith Insurance?
Locksmith work often means letting yourself into other people's homes and businesses, often when they're locked out and under pressure. A slipped drill bit or a damaged door frame can leave you covering the repair bill yourself, plus it gives customers peace of mind knowing that you have cover should something untoward happen. Having the right cover means Rhino handles the cost if something goes wrong, whether that's a customer's property or your tools being stolen.
What Insurance Do Locksmiths Need?
Most locksmiths start with public liability insurance to protect against injury or damage claims. Depending on your work, you may also need tools insurance, employers' liability if you have staff and additional cover, such as legal expenses or personal accident insurance.
Public Liability Insurance
As outlined already, Public Liability Insurance can be classed as your bread-and-butter policy which protects you from damage caused to third-party property and injury caused to members of the public as a result of your work. Without Public Liability Insurance you would be unable to buy further products from Rhino with the exception of Personal Accident Insurance and Income Protection Insurance. You can find out more about Public Liability Insurance in our guide.
Employers' Liability Insurance
Employers' Liability Insurance is a legal requirement if you take on staff, whether they're permanent, temporary, apprentices or subcontractors. It protects your business if an employee makes a claim against you after becoming ill or injured as a result of working for you.
There are some cases where Employers' Liability Insurance isn't a legal requirement. Read more here.
Tool Insurance
Over 80% of Rhino customers know someone who has been victim to tool theft. That's why protecting your tools when stored in your vehicle can be paramount for a business. Rhino offers cover up to £7,500 and even protects your tools when stored in your vehicle overnight (subject to certain security conditions being met). Find out more here.
Legal Expenses
Working as a Locksmith can be challenging. You can be on-call 24 hours a day, so if anything goes wrong, you don't want to be faffing around sorting out your defence if a legal issue crops up. That's where Legal Expense Insurance for Locksmiths gets to work. It covers you financially if you have legal proceedings, jury duty or defence.
Personal Accident Insurance
For as little as £7.42 a month, as a Locksmith, you could cover yourself if you suffered some type of injury at work. Every trade comes with a certain amount of risk attached, and you are not exempt! If something goes wrong on the site and you have to stay off your feet for some time, this insurance will cover you and provide a lump sum up to £50,000 at the highest level of cover. Find out more about our Personal Accident insurance.
Gadget Cover
As a Locksmith, you will most likely carry several electronic devices to different jobs. Everyone has a mobile phone, but you may also bring a laptop for invoices, part information or an itinerary of your lock and key arsenal. Whatever it is, we offer comprehensive coverages for your devices up to £3,000 - whether it's lost, stolen or damaged. We also provide cover for various other aspects of your job. Learn more about our Gadget Insurance.
Self-Employed Locksmith Insurance
Whether you work as a sole trader or run a mobile locksmith service, self-employed locksmith insurance covers you when there's no employer to fall back on if something goes wrong. As a sole trader, you're personally responsible for any claim made against your business, so Public Liability Insurance protects you if you injure a customer or damage their property while working. If you're mobile and travel between jobs, your tools are at risk every time you're on the road, and Tools Cover protects your equipment if it's stolen or damaged while in your vehicle.
Common products self-employed locksmiths choose include Public Liability Insurance for third party 3rd party injury or property damage claims, Tools Cover to help protect against theft from your vehicle, Personal Accident Insurance for a tax-free payout if you're unable to work after an injury, and Legal Expenses Insurance for legal costs if you're involved in a dispute. Read more on the policies that might suit your business below.
How Much Does Locksmith Insurance Cost?
Not to blow our own trumpet, but having covered thousands of different tradesmen and women across the UK, we know that not every policy is the same. Many factors will go into the price you pay for your Locksmith insurance. That could be your location, the size of any contracts you have and their value. What your turnover is, as well as how many people you have working for you. We take all of this info and calculate the best possible price for your trade business. The price will reflect the level of risk that your trade comes with. What's more, depending on the level of cover, you can choose to pay for a higher premium, should you need a higher value insurance policy.
Why Choose Rhino for your Locksmith Insurance?
So, did we pick the right insurance lock for your needs? Here at Rhino Trade Insurance, we have a lovely team packed to the rafters with trade insurance knowledge - that's what we specialise in. We are based in the UK and offer you quick and easy quotes tailored for your business at the best possible price on the market. So what are you waiting for? Get your Locksmith Insurance sorted now, give us a call on 0116 243 7904 or get a quote in less than 60 seconds.
Locksmith Insurance FAQS
A set of individual insurance products for locksmiths, including Public Liability Insurance, Tools Cover and Employers' Liability Insurance, that you can purchase together to suit your business.
Accidents can happen even to experienced locksmiths. Without cover, you'd be responsible for any costs involved, from repairs to legal fees.
Locksmith insurance starts from £6.07 a month. The exact price depends on the products you choose and the size of your business.
It can cover accidental injury or property damage claims, your tools and equipment, and staff you employ, depending on the products you choose.
This depends on the products you purchase. Public Liability Insurance with Rhino has an excess of £500 whereas Tools Cover, for example, has a £100 excess per claim. Your policy schedule will confirm the exact excess for each product.
It isn't a legal requirement, but most customers and letting agents expect you to have it before they'll book you. It protects you if you're accused of causing damage or injury while working.
"Locksmith business insurance" usually refers to the combination of products a locksmith takes out, most commonly Public Liability Insurance alongside Tools Cover. It's the same modular approach, just built to cover your whole business rather than one risk.
Get a locksmith insurance quote online with Rhino in minutes. Tell us about your business, choose the products that suit you and get covered the same day.
