Insurance against damage caused to third party property or persons.
 

A tradesmen’s insurance package policy is designed to provide a basic level of cover required by the smaller contracting business. The policy includes three levels of insurance cover. These are employer’sliability insurance, public liability insurance tools insurance cover. Should additional covers be required such as contract works and hired in plant and equipment then the more suitable business insurance policy is a contractor’s combined policy. 
 

The main benefits of Contractors and Tradesman's policy

The main benefit of a tradesmen’s policy is that it is priced on a per capita or number of people (employees and directors or partners). This makes the policy usually more competitive as it is quicker and easier to provide a quotation. Most tradesmen’s policies are restricted to a maximum number of working persons, usually a maximum of ten. 

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The main benefit for a Contractors policy is, that this based on wage roll and turnover, which is beneficial to larger risk with more diverse trades