Markel Direct, a specialist insurer of tradespeople, highlight the costliest problems faced by tradespeople at work.

1.    Workplace Injuries
Due to the nature of their work, tradespeople face a higher risk of personal injury. The construction sector, in particular, records one of the highest rates of workplace injuries, according to Health and Safety Executive data. Common injuries include slips, falls, accidents from heights, strains, and sprains, often related to lifting heavy objects.

2.    Damage to third-party property (including client property)
Even the most skilled professionals can occasionally make mistakes that damage property in the world of trades. Issues can range from minor mishaps, such as paint spills on floors and furniture, to potentially catastrophic events, like fires.

3.    Tool theft, damage and loss
A recent survey found that 57% of tradesmen who had their tools stolen suffered financial losses. Among them, 41% reported losses exceeding £2,500, a substantial amount amid rising living costs.

Tools are often stolen from vans, with 41% of thefts occurring at home or on-site. Tool theft affects finances and disrupts work due to the time lost in replacing tools. Similar financial challenges arise when tools are lost or damaged during on-site work.

4.    Project delays
One study showed that the primary reasons builders faced project delays were material shortages (73%) and a shortage of skilled labour (55%). Other common reasons for delays include poor time management, health issues, equipment problems (including theft), subcontractor issues, and weather-related setbacks. Delays can lead to financial losses and harm your reputation.

5.    Unexpected legal costs
Unexpected legal fees can pose a significant and unforeseen challenge for tradespeople, potentially jeopardising finances and livelihoods. Whether it's disputes with clients, issues related to overdue payments, or unexpected legal situations stemming from your work, the cost of legal advice can quickly add up.