Insurance for locksmiths

Specialist cover for locksmiths

Whether you’re fitting a state-of-the-art locking system or simply replacing a set of keys, you need to have the back-up of a good locksmith insurance policy.

Plus, having an insurance policy in place reassures potential customers that you’re covered if something goes wrong.

Locksmiths’ insurance from Simply Business starts with public liability insurance, which can cover you if a customer or another member of the public makes a claim against you for injury or damage.

You can also cover your tools under the same policy, and add insurance for your business premises and your employers’ liability if you need to.

Cover from £6.79 a month, get insured in minutes. (10% of direct debit customers repay their annual policy in 10 monthly payments of £6.79 or less across all our trades insured. Based on data from 1 July - 31 December 2020, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

What insurance do locksmiths need?

The exact insurance you need will depend on your individual business, but these are some of the key covers for locksmiths to consider:

• Public liability insurance protects you against compensation claims made by a member of the public for injury or damage to their property. For example, you leave your tools on the floor and a customer trips over them and suffers an injury. If the customer claims compensation, your public liability insurance could pay for the compensation claim and any legal fees, up to the limit of your policy.
• Tools insurance can pay to repair or replace your handheld tools if they’re damaged, lost or stolen. To get the right level of cover, you need to estimate the cost of replacing all of your tools.

If you have any staff, employers’ liability insurance is usually a legal requirement. This insurance covers claims made by an employee for injury or illness caused by their work.

• Personal accident insurance covers serious injuries you might face at work, paying out for lost income and medical costs. There are some very specific risks that come with being a locksmith and this cover should be considered if you would struggle to make ends meet if left unable to work following an accident.

Other covers you can choose to add to your locksmith insurance policy include business buildings insurance and business contents insurance if you have business premises, and business legal protection insurance to cover your legal fees if your locksmith business faces something like an employment tribunal or a tax investigation.

The average insurance claim for locksmiths is £4,548 – could you afford this if the worst happened? (Average claim being £4,548. Based on data from 21 November 2018 - 20 November 2019, for comparison only. Cancellation charges may apply, please refer to our full terms & conditions.)

Why Simply Business?

• We're one of the UK's biggest business insurance providers
• All settled claims paid within 24 hours
• 9/10 Feefo ratings say we’re good (or excellent)
• 800,000 customers (and counting)
• Claims handled by an award-winning team
• Quote comparisons available from multiple insurers
• We run things from an expert, UK-based contact centre

Need more details? Hear more about your business cover options from our expert team in a quick set of videos. Just choose the cover you’re interested in and get some expert insight into how each option can help your business. You can also check out our business insurance FAQs.

Is your van insured?

By law, all vans in the UK used for business purposes need a commercial van insurance policy.

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