Breaking away from a large contractor to start up your own business is an admirable risk for those who want to work for themselves. Many tradesmen build up the knowledge and experience of their respective trade and feel it’s time to test themselves by setting up their own ventures.
This commendable feat does not come without its risks; you need to ensure you can obtain an independent work flow; managing your finances; obtain the tools and plant you will need to work and once this is in place, you then need to confirm you can obtain the relevant Public Liability insurance so that you are covered to carry out your works.
The key areas in which we look to support tradesmen are the higher, non-standard trades, in which the true value of a broker comes into play. General maintenance contractors, painters and decorators, locksmiths etc. will usually look to obtain a public liability policy for less than £100 for a one man band and be on their way – it’s not that difficult.
However insurance for Scaffolders, insurance for roofers, insurance for concrete contractors, insurance for piling contractors – and so on, are far more difficult to acquire; given there is a greater exposure of damage to the public, and as such there are far fewer markets accessible to the public to obtain these insurances from.
In order to get the applicable public liability insurance you will need to contact a broker such as us, and we tender the market for you. In order to obtain the most competitive terms, we look to take into consideration your experience in the trade, your previous roles etc. and present this info to your our market of insurers.
If you’re setting up a new business, convenience is always an added bonus when using another businesses services, so not only can we manage your Public Liability insurance policy, we also have a wide range of additional business support policies, such as fleet, for 2 vehicles and above, professional indemnity to protect yourself against any advice or designs you produce, shop & office packages for your business HQ – and many more.
So when you’re looking to step foot on your own into the world of high risk trades, get in touch with Goldcrest to protect you on your journey.
