The most important insurances for craftsmen and craft businesses
Craftsmen and construction workers generally rely on various types of insurance to protect themselves, their companies, and their customers from potential risks.
Important commercial insurances are:
Insurance of equipment for construction contractors
Especially for securing tools and equipment. It protects against theft, damage, or loss of tools and machines. Protects your workshop and tools from damage caused by fire, theft, or water damage.
Public liability insurance
Protects you from the financial consequences of damages that you could cause at work.
Legal expenses insurance
Offers you comprehensive protection in legal disputes with customers or employees.
Additional important business insurance for craftsmen
Commercial vehicle insurance
Protects the tools and materials during transport. Essential for craftsmen who frequently drive from one construction site to another.
Assembly insurance
Covers damage to assembled or installed items during the construction phase. Important for protection against unexpected costs.
Business interruption insurance
Protects against income loss and ongoing expenses when the craft business is temporarily unable to work due to a covered event, such as a fire. Provides financial stability during the recovery phase.
A combination of these types of insurance can help craftsmen and construction workers to reduce the various risks associated with their profession and to ensure the financial security of their company.