For small businesses, decorator equipment can be relatively low cost and replaceable, for larger businesses with jobs of a wider scope, however, these tools can be of very high value and are not easy to replace. What’s more, the more expensive the equipment, the more likely they are to be stolen. Stock is also a likely target for thieves, especially for usable items such as paint, wallpaper and their related products. These can be of high value in large amounts and are hard to trace once stolen. When the danger of fire and flooding is added to the risk, such a policy can be hugely important.
Commercial Van Insurance
Use of a van is standard within the sector, with various equipment needing to be taken from site to site. Motor insurance is already a legal requirement for all vehicles on UK roads, but decorators might want to consider further policies to ensure that all eventualities are covered. There are different versions available, such as Haulage if you are a delivery driver, but for decorators, Carriage Of Own Goods is the most relevant. Be sure to check whether the policy covers goods in transit (essentially an add on to the policy related to tools) and whether third party and theft are relevant to you