Locksmith insurance
One application, multiple quotes.
All in one place.
Essential Protection
From
$18
/month*
Could help cover claims against your business for property damage and injuries to others.
What’s included:
General Liability
Coverage limits: $100K to $2M†
Get multiple quotes in less than 10 mins
Essential Protection
From
$18
/month*
Could help cover claims against your business for property damage and injuries to others.
What’s included:
General Liability
Coverage limits: $100K to $2M†
Get multiple quotes in less than 10 mins
Would you rather pick and choose your coverage? Explore all options
Over 1 million customers worldwide.
Buy instantly online.
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Why Do I Need Locksmith Insurance?
You’re there for your customers when they’re locked out and in a tight spot, and your expertise ensures that new locks are installed correctly. Your precision helps your community stay safe, but is anyone looking out for your business?
Business insurance can help you through your worst days, and coverage can hold the key to sustaining your locksmith service for years to come.
Below are some of the most common types of insurance policies that plumbers carry to stay protected.
What Type of Locksmith Insurance Do I Need?
General Liability
A foundational insurance coverage to help handle costs from third-party accidents, property damage, and bodily injury.
From
$18
/month*
Contractor’s Equipment and Small Tools Insurance
Also known as inland marine insurance, this coverage can financially protect equipment and inventory that’s in transport or stored offsite.
From
$20.83
/month‡
Business Owner’s Policy (BOP)
General liability, property insurance, and more all in one convenient package.
From
$33.75
/month*
Workers’ Comp
Coverage to help take care of employees who get sick or injured on the job. Most states require this coverage for small businesses with full- or part-time employees. It also can benefit business owners who don’t have employees.
From
$38.91
/month*
Business insurance —
a quick explainer
Learn more about policies for small businesses, what they cover, why you might need them, and how we can help – all in just 60 seconds.
Business insurance is often made up of different types of policies to cover different things, similar to how your health insurance can be made up of medical dental and vision coverage. Here are some of the ones small business owners need. General liability is kind of the Swiss army knife of insurance. It can do a lot, like help handle costs from third party accidents, property damage, bodily injury, and more. Nobody’s perfect, right? That’s what professional liability is for. It could come in handy in the event of honest mistakes or claims of negligence. Workers’ comp can protect your business and help take care of employees who get sick or injured on the job. Small businesses are big targets for cyber criminals. Cyber Insurance can help cover costs associated with stolen customer data, cyber attacks, breaches, and fraud. BOP or a business owners policy combines different types of coverages like general liability and commercial property insurance. Putting them together for you is where we come in. You tell us a bit about your business online or on the phone, and we customize the coverage options for what you do and what you need. It’s your business, it should be your insurance as well. That’s why we’re here.
What Type of Insurance Do Locksmiths Need?
While you spend your days working with pins and plates, we focus on policies and premiums. Together we can install locks and lock in business protection. If studying insurance isn’t your passion, then you’re in luck. You don’t have to be an expert to start exploring locksmith insurance options. We’ll break down the two types of policies you may need, as well as what they usually cover.
General Liability Insurance
If you’re looking for a multi-talented insurance policy that covers a variety of scenarios, then general liability insurance is right for you. This type of policy, also called locksmith liability insurance, typically covers costs associated with third-party accidents, property damages, and bodily injury to a third party (e.g., a customer or vendor).
Any time you’re working with a customer’s property, there’s a chance you could have a costly accident.
For example, imagine you’re on a job site installing locks on new doors. You didn’t sleep well last night, so your mind wanders as you work. As a result, you cut the hole for a lock a bit too large, and the door ends up being unusable.
Naturally, your customer may be upset. At the very least, they may ask you to cover the cost of the incident. Then they may take it a step further and sue you for damages to the door, as well as the setback you may have caused the project.
Without insurance, these costs could come out of your pocket. Even if the damages are minimal, that’s money you’d rather have for your employees, marketing, or business savings. If you get sued, you’ll also be looking at legal fees.
If you found yourself in this scenario and you had locksmith liability insurance, things could be easier. The average customer injury or damage claim is a whopping $30,000, but your policy could cover the costs of damages or legal fees up to your policy limit.
Rather than worrying about what could happen if you make a small slip, you can cover your business and gain peace of mind.
To recap, here’s what general liability insurance usually can cover:
- Bodily injury to another person
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
Now check out what general liability insurance usually doesn’t cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to your employees
- Damage to your work
- Motor vehicles while in business use
- Expected or intentional injury or damage
- And more
Workers Compensation Insurance
If you’ve grown your business to a point where you need employees, congratulations! Building a locksmith business is no small feat. With extra team members comes additional responsibility, though. While not every state requires you to carry general liability insurance, most states require workers compensation insurance if you have employees.
If you’re not sure whether you’ll need coverage for your employees, you can check your state’s laws here. Or simply complete the free quote process to get personalized recommendations to consider based on your location.
How can workers comp protect your locksmith business? This type of policy can cover costs associated with an employee’s injury or illness while they’re working for you. The average work injury cost is $41,000, which means that having coverage could save you a considerable amount in case of an accident.
To review, workers compensation insurance can cover:
- Medical payments
- Lost wages
- Rehabilitation expenses
- Death benefits
Why Should I Get Locksmith Insurance?
Nobody plans on facing an accident or injury, and some companies may never encounter a lawsuit. However, for the 43% of small business owners polled who reported being threatened with or involved in a civil lawsuit, a single accident could potentially be career-ending.
How much cash do you have set aside to pay for damages? If you’re not willing to fork over thousands of dollars and many hours resolving a lawsuit, it’s much easier to get insured. Just take a look at the most common incidents that can befall small business owners, including how much they cost on average:
- Reputational Harm — $50,000
- Client Injury or Damage — $30,000
- Client Slip and Fall — $20,000
To err is human, though, and accidents can happen to anyone, but you shouldn’t have to face potentially closing your business because of one slip. Having locksmith liability insurance could keep you afloat if you find yourself in the middle of a damages claim. By making a small financial commitment each month with your policy premium, you buy yourself peace of mind that you’ll have someone on your side on the tough days.
The importance of business insurance isn’t all about the “doom and gloom,” though. When you get covered with Simply Business, you can request a certificate of insurance (COI). This proof of coverage can help you rent office space or earn the trust of potential customers and employees.
When it comes to protecting what you’ve built, a small amount of effort can pay off tenfold. Here at Simply Business, we make getting insured easy so that you can have a serious impact on your business, without putting in a great amount of work.
What Does Locksmith Insurance Cost
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Get a quick estimate in just 3 steps.
Answers to More Locksmith Insurance Coverage Questions
Each state sets its own laws about business insurance, including locksmith liability coverage. This means that you may or may not need to carry a policy to operate in your state. However, we always recommend general liability insurance. Additionally, some landlords may require insurance coverage if you want to rent business space.
States also set workers comp laws, so in most cases, you will need coverage if you have employees. You don’t have to worry about the details of your state laws, since our quote process automatically considers your location when calculating your insurance options.
Are you looking for a tax break from your proactive business measures? The good news is that, generally, you can typically deduct business insurance premiums from your income tax filings. We always recommend talking to an accountant if you have questions about your specific business expenses.
We don’t believe in one-size-fits-all insurance, so each locksmith insurance policy is customized for you. The amount of coverage your business needs depends on:
- The size of your business
- Your business location
- Your annual revenue and payroll
- And more
If you’re not sure what you need, our quote form recommends insurance plans for you, based on your answers.
If you have additional questions, our licensed insurance agents are available and will be happy to assist you!
Getting and comparing quotes is free, so you’ll be able to compare policies until you find one you’re comfortable with. If you’re ready to receive your free quotes, you can speed up the process by having the following info:
- Annual revenue estimates
- Payroll estimates
- Information on any previous claims
Yes, business insurance requirements vary between states. You may or may not be legally required to have locksmith insurance, but we recommend considering it. In most cases, your state will require workers comp coverage when you have part-time or full-time employees.
Luckily, you don’t necessarily need to read up on your state’s laws to get started. Our quote process was created to recommend the coverage you need based on answers and where you’re located.
If you still have questions about insurance in your state, our licensed insurance agents are happy to help.
The scenarios your business is covered in depend on the type of policies you choose. If you select a locksmith insurance bundle that includes general liability and workers comp, it could cover:
- Bodily injury
- Accidents and damages
- Employee injuries
- Negligence or alleged negligence
- And more
It’s understandable that business owners want to know what costs they can expect for insurance. We can’t give an exact price here, though, since your locksmith insurance policy is tailored to your needs. Generally, your insurance premiums are based on:
- Payroll and revenue estimates
- The location of your business
- The specific services you offer
- And more
Want to see how much your locksmith insurance may cost? Just click here to get free quotes from some of the top insurers in the country.
Why Small Businesses Choose Simply Business
Small business insurance is what we do. Whether it’s covering you for accidents and errors, meeting workers’ comp requirements, or financially protecting your business from the unexpected, we can help find the coverage you need for your business.
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Our +1 million customers are big fans. And you will be too.
I went online, looked around, and found Simply Business. The process was so seamless. I got my certificate within minutes. It was just phenomenal.
Karen
Owner of Tangaza Bath & Body Studio LLC
With Simply Business I know I can look at different carriers, but also see all my stuff in the same place… a lot of [insurance] providers don’t offer a variety of coverage, all in one place.
Jef
Owner of Bunker83 LLC
It wasn’t overwhelming to figure out what was covered and what wasn’t covered. And the cost was competitive.
Kim
Owner of Room to Breathe Professional Organizing
Feel confident in your choice.
We partner with a range of top-rated carriers and use smart technology to match you with policies that fit your specific business, your risks, and budget.
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business types covered
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customers worldwide
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We’ve Got More Helpful Information
*The displayed price for each product is a monthly estimate calculated from the 10th percentile of relevant policies sold by Simply Business (e.g., General Liability data is used for General Liability estimates). This estimate uses data from relevant policy sales between July–December 2025. Final price and payment terms, which may include an initial down payment, are subject to change based on your state, selected insurance provider, and specific business details.
† Limits may vary by state and nature of your business.
‡ Displayed price is based on the lowest available coverage limit for Equipment and Small Tools policies.