tool hire shop insurance

How to insure your tool hire shop - at the right price

Is your tool hire shop in need of affordable insurance without sacrificing quality? Could a system under which you didn't ask for quotes from just one insurance broker, but a group of them, help you find it?

As it is, I'm satisfied with the way things are. Why do I need insurance?

If someone is injured in your shop, and either you or your staff are blamed, would you be able to afford the compensation and legal fees if a claim was launched against you? You can obtain public liability insurance to protect yourself from claims brought by the public by defending you against compensation claims and legal costs.

Also, if you employ staff, it is a legal requirement that you have employers liability insurance, which protects workers if they are injured on the job.

What other insurance cover should I consider purchasing?

Whether or not your store is your own, you will probably need to insure its building and contents as well as its fixtures and fittings. Otherwise, if it was damaged by a fire, a storm or a flood, the financial consequences could be very detrimental to you!

In addition, you may also need product liability insurance in case someone is injured by a product you supplied, professional indemnity cover in case you give bad advice, or business interruption cover in case you have to close your shop because of problems locally, such as a road closure.

All of this sounds very expensive. Are there any ways to save money?

Tool hire shop owners are often impressed with how reasonable shop insurance premiums are, and brokers from our panel may be able to create a business insurance package tailored specifically for your shop that can save you even more money.

I think it sounds good. What should we do next?

Simply fill out our short form, and brokers on the panel will contact you with quotes to compare. Do it now.