Why do locksmiths need insurance?
Locksmithing is delicate work, and there’s always the risk of damaging a client’s door. Locksmith insurance policies help pay for legal fees if a client sues over property damage. They can also cover costs from employee injuries, stolen tools, car accidents, and other incidents.
Find affordable coverage
Locksmiths can save money by comparing quotes from top insurers.
Fill out Insureon's easy online application to get free quotes and advice from a licensed insurance agent.
What types of business insurance do locksmiths need?
These insurance policies cover the most common risks of locksmithing.
General liability insurance
This policy covers common third-party risks, such as a client tripping over your toolbox. Bundle it with commercial property insurance for savings in a business owner’s policy (BOP).
- Slip-and-fall accidents
- Damaged customer property
- Libel and other advertising injuries
Business owner's policy
A BOP bundles general liability coverage and commercial property insurance at a discount. It's often the most cost-effective type of insurance for locksmiths.
- Accidents that injure clients
- Client property damage
- Damage to your building or its contents
Workers’ compensation insurance
Most states require workers' comp for locksmith businesses that have employees. It also protects sole proprietors from work-related medical bills that health insurance might deny.
- Employee medical expenses
- Disability benefits
- Employee injury lawsuits
Commercial auto insurance
This insurance for mobile locksmith vans and other business vehicles covers the cost of auto accidents. Each state has its own auto insurance policy requirements for business and personal vehicles.
- Bodily injuries from an accident
- Property damage caused by your vehicle
- Vehicle vandalism and theft
Tools and equipment insurance
This policy helps pay for repair or replacement of a locksmith’s tension tools, key extractors, pick guns, and other tools. It's a type of inland marine insurance.
- Equipment less than five years old
- Equipment that travels to job sites
- Small tools
Professional liability insurance
Professional liability coverage for locksmiths helps pay for legal expenses from professional errors, such as damage to a car door while unlocking it. It's also called errors and omissions insurance (E&O).
- Failure to fulfill a contract
- Accusations of negligence
- Work errors and oversights
How much does locksmith business insurance cost?
A locksmith who works independently can expect to pay less for business insurance coverage than a larger company.
Factors that affect premiums include:
- Locksmith services offered – residential, commercial, automotive, or emergency
- Business property and equipment
- Business income
- Types of insurance purchased
- Policy limits and deductibles
How do I get locksmith insurance?
It's easy to get locksmith business insurance if you have your company information on hand. Our application will ask for basic facts about your company, such as revenue and number of employees. You can buy a policy online and get a certificate of insurance with Insureon in three easy steps:
- Complete a free online application
- Compare insurance quotes and choose policies
- Pay for your policy and download a certificate
Our licensed insurance agents work with top-rated U.S. providers to find the right, most affordable small business insurance for locksmith services, whether you work independently or hire employees.
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