Locksmith Insurance

Are you constructing your dream home or undertaking a significant renovation of your residential or commercial property? Safeguard your vision with Builder’s Risk Insurance. This coverage ensures your project is protected during the construction phase and offers peace of mind for your developing dream home or space.

Do you provide locksmith services? Do you have insurance? If you answered no to the latter, you’re in the right place. We delve into the importance of locksmith business insurance below, as well as the types of insurance coverage recommended for locksmiths. From general commercial liability to commercial auto and tools and equipment insurance, keep reading to learn more about how ALIGNED can help you find a flexible insurance policy for your locksmith business.

A locksmith unlocking a locked door.
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Why do locksmiths need insurance?

Locksmithing is intricate work, and it requires a high level of skill and trustworthiness to be successful. However, even the more experienced locksmiths make mistakes, such as damaging a client’s door. That’s why insurance for locksmith businesses is so important. Without it, one lawsuit or incident of property damage could be enough to bankrupt your business. But with the right locksmith insurance coverage, you will have financial protection to pay for legal expenses should an incident occur.

Insurance coverage for locksmiths

Some of the insurance coverages available to locksmiths are as follows: 

  • Commercial general liability insurance: Commercial general liability insurance, also known as slip and fall insurance, can protect your locksmith company against third-party bodily injury and property damage claims. If an insurance claim is brought against you, your insurance provider may cover medical expenses due to injury or damages to a third party and the legal fees of the lawsuit up to the policy limit.
  • Commercial property insurance: Commercial property insurance protects your locksmith office and any business-related contents, such as computers or furniture. Specifically, it protects your business property from damage caused by insured perils like fire, theft, water damage, windstorms, vandalism, etc.
  • Tools and equipment insurance: Under the tools and equipment insurance portion of your locksmith insurance policy, your insurance company may cover the costs of repairing or replacing any business equipment or tools if they are damaged or lost due to an insured peril.
  • Commercial auto insurance: If your locksmith company uses vehicles for business purposes, such as transporting materials or visiting clients’ homes, then commercial auto insurance might be necessary. Coverage varies but may include third-party liability coverage, uninsured automobile coverage, accident benefits coverage, collision coverage, comprehensive coverage, and more.
  • Professional liability insurance: Professional liability insurance, also known as errors and omissions insurance or malpractice insurance, can protect your locksmith business and its employees from claims of negligence, malpractice, error, or failure to deliver a service as promised. 

How can locksmiths save money on insurance? 

You can save money on locksmith insurance costs by working with a reputable insurance brokerage like ALIGNED! Here at ALIGNED, our commercial insurance broker experts will shop around and compare locksmith liability insurance quotes on your behalf to find you the best coverage at the lowest rate.

Get ALIGNED with flexible locksmith insurance.

Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have.

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