Running a trade business can be unpredictable. From resolving crises on-site to keeping customers happy and making sure everything is moving on schedule…there’s a lot to juggle and a lot of hats to wear. After doing the jobs of 10 people, you still have to worry about how to make sure your business is protected so that an unexpected event doesn’t ruin all your years of hard work.
That’s where tailored business insurance like Workever x Admiral Business Insurance comes in. It offers a customisable safety net for your business, designed to fit your specific business needs so you’re only paying for the cover you need.
Aside from ensuring you’re compliant, why would you need business insurance? And is there any major difference between standard business insurance and tailored business insurance? We’ve put together 5 reasons why tailored business insurance will change the game for your business.
1) Only Pay For The Business Protection You Need
You don’t have a cookie-cutter business, so why get cookie-cutter insurance? You have unique business struggles and ‘minor’ events like your van breaking down can grind your business to a halt. With a generic insurance policy, you’re often not covered properly where you need it while paying through the nose for coverage and benefits you know you’ll never use.
With tailored business insurance you can ditch those unnecessary covers and actually pay for only the protection you need and at the levels you need it. For example if your team accidentally damages a client’s property or someone is injured on-site, you can protect yourself with Workever x Admiral Business Insurance’s Public Liability Insurance. Covers go up to £10 million so you can sleep easy knowing you won’t get hit with sudden massive out-of-pocket costs.
2) Stay Legally Compliant
As your business and team grows, ensure you are staying legally compliant with Workever x Admiral Business Insurance’s Employers Liability Insurance. This is not just a legal requirement to hire team members, the cover protects your business against potential claims if an employee gets injured or becomes ill because of their work. Workever x Admiral Business Insurance’s Employers Liability Insurance offers coverage for up to 25 employees with up to £10 million. It’s the easiest way to get and stay compliant while knowing you are protected from hefty fines or a potential lawsuit.
3) Have A Lawyer On Speed Dial
Sometimes you might get a complex contract, and while trying to deliver your best work things might end up not quite the way you planned. A client may come back to claim that your work wasn’t up to standard or a minor misunderstanding or miscommunication issue could suddenly escalate into a legal one. That’s when you need a lawyer and when Workever x Admiral Business Insurance’s Professional Indemnity Insurance steps in to save the day.
The cover comes with access to a 24-hour legal helpline and legal assistance, so whether it’s a design fault, faulty installation or simply a misunderstanding gone too far, you know you have legal representation against costly litigation from a client or third party.
4) Protect Your Tools No Matter Where They Are
Your tools and materials are the heartbeat of your business. Whether it’s your big, expensive specialised equipment or everyday essentials like screws and hammers, replacing stolen or damaged tools can easily slow weeks of work and reduce your income for months. With Workever x Admiral Business Insurance’s Tools & Materials cover, you can protect your tools against theft whether they are at home, in your van or on-site for up to £20 000.
Plus if your business relies on heavy machinery or temporary structures, Workever x Admiral Business Insurance’s Owned/Hired Plant Cover will take care of your larger tools and assets with up to £50 000 for damage or theft.
5) Get Covered for Contract Works And Legal Expenses
Setting up a new job site presents a new set of risks each time. No matter how by the book you are when you are managing contract works, there’s always a possibility of something going wrong. From unintentional damages during construction to accidental loss of materials, when something goes wrong on site, it can often come back with a hefty bill. With Workever x Admiral Business Insurance’s Contract Works Hire cover providing coverage from £100 000 to £500 000, you can make sure your project stays on track no matter what unexpected setbacks you might encounter.
Litigation and legal disputes can easily cripple your business. If a customer, supplier, or employee decides to sue you, the cost of defending yourself in court even if you win can bankrupt a small business. Get a lawyer in your corner with Workever x Admiral Business Insurance’s Professional Indemnity Insurance and offset any legal fees with the Legal Expense Cover which provides up to £100 000 to cover legal fees. So you can focus on what you do best, let the lawyers deal with it and offset any legal costs.
Workever x Admiral Business Insurance – Insurance Made Easy
With Workever, you’re not just doing admin the easy way, we’ve partnered with Admiral Business to make sure you can do insurance the easy way too. We know that tradesmen face unique challenges, and so we’ve created an insurance solution that truly fits all your needs. We’ve thought of it all from theft cover that is effective no matter where you are to flexible options and no penalties when you switch covers or cancel.
Plus you can handle your insurance and admin, all from within your Workever web app. Just picture it, scheduling a tradie for a job, sending off an invoice and filing an insurance claim. All within one app, and all at your fingertips.
Ready to protect your business? Get a no-strings attached quote today or find out more about Workever x Admiral Business Insurance’s comprehensive and flexible covers.
