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Welders Insurance UK
Welding is a tricky business, and you’re used to dealing with risks on a daily basis. A well rounded insurance policy is vital to make sure that you, your customers and your employees (if you have any) are financially safe at all times. This guide to Welders insurance will explain everything you need to know about the coverages on offer, and give you a breakdown of the typical costs of these policies.
If you’d like to know more, fill out a quote form and get quotes from some of the UK’s top welding insurance providers.
- What insurances do Welders buy?
- Where Can I Get Insurance Quotes?
- How much do Welders in the UK earn?
Popular Types of Insurance for a Welder
There's a wide variety of insurances available to you as a welder, and many insurers will happily bundle these together to create a policy that works well for your business. Keep this in mind when you're signing up—many businesses like the convenience of keeping their insurances from one provider (simplifying and standardising any claims processes), however it may be cheaper to take out each policy from a different provider, so consider your priorities before signing up.
|Common Types of Welders Insurance & What They Cover|
|1.||Public Liability||Safeguards your business if third parties suffer damages or injury from your work|
|2.||Product Liability||Often sold with Public Liability, protects you if damages or injuries occur due to your work product or a product you sold (e.g., MIG guns)|
|3.||Employers' Liability||Protects your business if an employee is injured or becomes unwell due to their work for you|
|4.||Personal Accident||Covers you financially if you’re unable to work due to illness or injury|
|5.||Business Use Vehicle||Insures your vehicle for the additional risks of driving it for business purposes (e.g. additional mileage)|
|6.||Tools||Insures your tools if they’re stolen/accidentally damaged or lost|
Welders Insurance Examples
- Public Liability: While working in somebody's home, they trip and fall over a wire you’ve left out. They hurt themselves, and can’t work for a month. They sue you for their lost wages.
- Product Liability: A welding gun you’ve sold somebody malfunctions and damages their pipes. They sue you for the damage and repair cost.
- Employers’ Liability: An employee burns themselves while welding and blames the inadequate safety equipment you provided. They can’t work for 6 weeks, and sue you to cover the damages.
- Personal Accident: You have a minor fall and can’t work for 2 weeks. Your Personal Accident covers you for the lost earnings.
- Business Use Vehicle: You’re involved in an accident while transporting your tools from a client’s building. Your Comprehensive Business Use Vehicle coverage pays for the repairs.
- Tools and Equipment: Your tools are stolen from a secure building site. Your Tools cover pays for the cost of an equivalent replacement.
Yes, due to the nature of their work welders absolutely need some form of coverage. While it isn’t a legal requirement, most clients won’t engage a welder if they don’t have a valid form of Public Liability.
If you have any employees, contractors or part-time staff (even if they only work for you for one day!) then you must hold Employers’ Liability. And if you drive your vehicle for business purposes, and don’t hold a valid form of Business Use Vehicle insurance, you risk your insurer voiding your policy if an accident does occur.
General Liability insurance is a business insurance that protects your business for claims of injury, illness or damages. It is mostly a term used in the United States. In the UK it is more commonly known as “Business Liability insurance”, and typically comprises Public Liability and Product Liability.
Ways of saving money on other insurances, such as Car or Home coverages, also apply to Welders insurance. These could include:
- Gathering multiple quotes to compare
- Lower levels of protection
- Working away from big cities, airports etc.
- No previous claims, convictions or bankruptcies
- More years of experience
There are a couple of more welder-specific things you can avoid to lower your costs too:
- Oxyacetylene welding
- Working at heights above 10m, or while suspended by ropes/harnesses.
What insurances do you need to be a Welder?
Due to the amount of risk involved in welding work, most good welders hold a Public Liability (and an accompanying Product Liability) coverage at the absolute minimum. It’s unsurprising given the dangerous tools welders use, and the financial costs of not being protected—the average compensation awarded for a Public Liability claim in 2019 was £13,500.
If you hire anybody, you must hold a form of Employers’ Liability, even if they’re only joining you for a short time. And if you use your vehicle to support your business, such as travelling to and from client sites, you’ll need a Business Use Vehicle policy to protect you against the additional risks of business mileage (unfamiliar roads, driving during peak traffic).
Protecting expensive equipment with a Tools policy is advisable if you have any tools and equipment that you would struggle to replace quickly—consider the impact on your client if something goes missing and you can’t find an alternative quickly. And there’s a risk of your tools getting damaged while you’re transporting them, have a look into Goods in Transit policies.
If you’re concerned about how you might fare financially if you were unable to work due to injury or illness, have a look into relevant Personal Accident coverages to make sure you’re safe if something does go wrong.
How much does Welder insurance cost?
The average cost for a basic welders insurance policy with £2M of Public Liability will cost you around £264 per year. This is considerably more than the average cost of Public Liability insurance in the UK. Given the risks welders are exposed to, this is fairly unsurprising—most would agree a welder is more likely to be involved in a costly accident than a domestic cleaner, for example.
|Average Cost of Welders Insurance for a sole trader|
|£2m Public Liability (PL)||£264|
|£2M PL, £2,000 Tools (not left in van overnight)||£386|
|£2M PL, £2,000 Tools (left in van overnight)||£418|
|£2M PL, £5,000 Tools (left in van overnight)||£555|
|£2M PL, Personal Accident||£370|
|£2M PL, Personal Accident, £2,000 Tools (left in van overnight)||£524|
|£2M PL, 1 Employee, £2,000 Tools, Personal Accident||£1189|
Where Can I Get Quotes?
Compare welder insurance quotes here. Fill out a short form for us and we'll connect you with some of the UK's leading welding insurance companies to help you get the best deal possible.
More Information on Types of Welders Insurance
Public Liability Insurance
Public Liability Insurance for welders helps keep you covered if a third party (client, other supplier, general public) is injured or incurs financial damages as a result of the work you’re doing. It’ll cover you for any legal costs you expend during the process, and any compensation awarded against you (up to the agreed limit of your policy, usually £1M, £2M, £5M or £10M).
Employers Liability Insurance
Employers' Liability Insurance is required if you employ any staff. It’ll cover you against any claims employees make if they believe you’re at fault for an injury or illness they’ve had while working for you.
It’ll cover your legal costs and any compensation awarded to the employee, and you’ll need to have it even if the employee is only working for you for a short time, they’re being paid cash in hand or even if they’re a family friend.
Tools and Equipment coverage will protect your tools if they’re stolen or accidentally lost/damaged. It can help keep your projects ticking when something goes wrong by paying for a replacement/equivalent tool. It's especially useful if you have any expensive or specialist tools that you wouldn't be able to replace immediately if something did go wrong.
The average salary for a welder in the UK is £28,604 per year. This varies from as low as £24,008 in Wales all the way up to £32,766 in South East (although the Annual Survey for Hours and Earnings doesn't cover London, which often tops trade salary rankings). An aging workforce offers ample opportunities for any budding welders—YouthEmployment estimates that while the demand for welders may reduce by 10% in the next 10 years, nearly 50% of the workforce will be coming to retirement age over the period.
|Yorkshire and The Humber||£32,180|
You'll be glad to hear that welding also ranks as one of the UK's most lucrative trades for self-employed tradespeople—check out our article on the topic if you might like to know more about how strong the prospects are for welders compared to other trades.
Quotes were gathered for a sample welder in NW London with no previous welding experience. No fewer than the two cheapest quotes were averaged to generate our results. You may find your costs higher or lower depending on the variables insurers measure your risk profile by.
Salary information was taken from the Annual Survey of Hours and Earnings.