Insurance for Locksmiths: Top 3 Policies to Consider

No matter how busy you are as a locksmith, you must ensure that you’re covered with the right insurance package. Today, we’ll be giving you a run down on the top insurance policies that locksmiths should consider. These policies will protect you financially now and into the future.

1. Public liability insurance

Public liability insurance for locksmiths is essential and it means you’re protected financially if you cause damage to property or injury to a person due to your actions at work. Additionally, it covers legal bills if you need to hire a lawyer during a claim.

As a locksmith, damage could occur to a client’s door or window when you install a lock and you could be on the receiving end of a claim. If a claim is successful, you could be responsible for repairs, replacements, medical and rehabilitation bills, and any number of other costs which is why public liability insurance is so important.

2. Personal accident and illness insurance

As a locksmith, personal accident and illness insurance is important as being unable to work will mean a sudden loss of income while you recover. If you can’t work due to injury or sickness, personal accident insurance means you’ll continue to receive a portion of your regular income while you recover. This means you can keep up with your expenses and maintain your lifestyle.

3. Life insurance

Life insurance is an important consideration for locksmiths as it offers financial protection to your loved ones. It means that upon your death, a lump sum payment will be provided to your family and they can use their money however they see fit. This lessens any financial stress and means they have security into the future.

To discuss locksmith insurance, contact All Trades Cover today on 1300 850 826 and we’d be happy to help.

Article Summary:

As a locksmith, you need to make sure you take the time to review your insurance and ensure you have the best policies in place to cover your areas of risk. Today, we’ll be having a closer look at the main policies you should consider.

AllTradescover is Australia's fastest growing trade insurance provider offering low cost tradesman liability insurance and public liability insurance packages. Request a quote today.