and I sent him a
reply as usual.........
You can expect
to pay from as little as £500 per year or as much as £10k, as there are many considerations here.
contact Dave at Dave.Evans@mcmgroup.co.uk as he is my liability insurance
broker and he has done a first class job over the past ten years at least!
phone is 0161 882 358
tell him markthewelder at The Metal Doctor Ltd recommended you to call him!
please note: blacksmith insurance premiums are calculated upon lots of things, not just 'hot work risk'.
He may ask you what your business turnover is (or is expected to be when you start trading)
so don't say you are going to earn £150k in the next year!
higher the turnover you quote, the higher the premium you will be charged.
you say you want mobile welder insurance, or general welding insurance, or hot work insurance, it all starts with a basic
blacksmith liability insurance policy for what I do as a mobile welder fabricator with a welding workshop premises too.
you can say you will only expect a turnover of £20,000 in your first year and
he may be suspicious that this is too low to be real, so be careful.
realistic here and quote sensible figures, you can always add extra cover when profits allow!
Remember that you can also opt to pay your insurance over ten months, which is easier on your
You can also take out the absolute basic and
cheapest cover (ask for it - or how to reduce it using higher voluntary excess) then expand cover as customer base and profit
I renewed my insurance just last month and saw
another large increase in premium, more due to an increase in additional risks covered and my increasing turnover than
higher inflation rates.
Standard cover includes for yourself as say business
director/owner for welding work (hot risk) and someone for office duties, you are not covered for any manual working employees
or even part time employees or help/sub contractors, this is an added risk that you will be charged for, if you want to have
employees you will have to get extra liability cover as required.
level of public liability cover required (ie 5 million or 10 million etc) is dependent upon your customers.......most private
businesses will accept your cover at say £5M, but local authorities, hospitals, most PLC's, schools etc will request
that you have minimum cover of say £10M, and they very often ask to see all insurance paperwork, including your policy
schedule.....so be honest from the outset and get the higher profit welding work that allows the right level of insurance
cover....... Phone your customers and ask how much liability cover they require before allowing your 'hot work ' welding
at their premises.
it is minimal cost to you to upgrade level of
cover once a policy is in place, but you must always remember to pass the cost of all insurances directly to your customers
and don't worry about doing this, everyone does it as they have no option and it is an expected expense.
You should now know how to work these insurance costs into your breakeven figures
to show you how to correctly arrive at your minimum breakeven hourly or daily earnings amounts that you must
There are lots of 'ins and outs' when it comes to getting the right liability
insurance, such as specific cover for repairs to road going vehicles such as tipper wagons or vacuum tankers etc etc, so plan
what you expect to be repairing and always ask for cover to be included that really does give you the right level of cover
for the repair of anything that involves something that travels on public roads or has the capacity to fail (due to what you
have repaired) when in any public place or where an accident may give rise to a claim that involves the general public.
If you intend to repair cars, you will have to have motor vehicle repair risks added to your
policy, as cars repairs are not covered on a 'general blacksmith' liability policy.
One of the main risks with cars is the petrol tank, so I have it recorded that I will not ever
repair a petrol powered vehicle unless the petrol tank is first removed completely from the vehicle and they accept this,
or they simply will not give insurance cover for car welding repairs....so be warned!......car welding insurance is an additional
insurance risk to that of a general blacksmith.
incidentally Martin, the addition of all the
special risks and conditions that I have made to my policy over the years has not actually increased my premiums by very much.
I also tell all my private and corporate (and prospective) customers to always ask to see a
welder's 'hot work' liability insurance policy schedule, which separately details the risks that
they are really covered for....this helps to prevent 'cowboy' welders from stealing my customers!!!!!!
be amazed at the amount of mobile welders that do not have the correct hot work liability insurance for the work that
You don't have to take fire risk insurance on your workshop premises as far as I am
aware, as long as the general public don't have access to your premises or workshop and you have no employees, so
you could discount cover for that and invest in fire extinguishing measures and have a very good 'house keeping' policy
that prevents fire risk!...... just remember to keep your customers property covered for fire risk!
Please bear in mind that I am not a lawyer or professional adviser, I am just
a welder, so always ask questions and take the best advice from your insurance broker as YOU pay his wages!..... write down
everything you can think of before phoning for an insurance quote...it will save you time and money at the
end of the day.
I hope this is of help to you.