Locksmith Insurance

small business owner protected by locksmith insurance

Safeguard Your Business With Locksmith Insurance

Your expertise keeps homes, vehicles and businesses secure, but unexpected risks can threaten your own business’ security. Locksmith insurance coverage helps give you the protection you need to look after your clients.
 
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small business owner protected by locksmith insurance

Why Do You Need Locksmith Insurance?

We know you try to run your business perfectly, but sometimes mistakes happen. Whether you’re installing a new lock for a customer’s home or helping unlock a client’s car, you could potentially face a professional liability claim at some point.
 
The right type of business insurance can help protect your professional operations so you can focus on your specialty. “Locksmith insurance” is another name for the package of insurance coverages you need to help protect your business from different risks. Common types of insurance include:
 
small business protected by locksmith insurance coverage

Who May Need Locksmith Insurance?

If you work with locks, you could benefit from locksmith insurance. We can help protect various types of locksmiths, including:
 
  • Residential and commercial locksmiths
  • Automotive and emergency locksmiths
  • Safe and vault technicians
  • Security system installers
  • Key-cutting service providers
  • Lockout service specialists
  • Mobile locksmiths
  • High-security lock installation professionals
small business owner protected by insurance locksmith

What Type of Insurance Do I Need for a Locksmith Business?

Everyone has unique needs, so the type of locksmith insurance coverage you’ll need will depend on the risks you face. Most locksmiths have a Business Owner’s Policy (BOP) for the peace of mind it can provide. It combines three types of coverage into one policy and provides a good foundation for protection.
A BOP can help protect your lock business from claims of bodily injury or property damage, including:
 
  • General liability insurance to help protect your locksmith business from claims that it caused bodily injury or property damage to someone else.
  • Commercial property insurance to help protect your owned or rented building, as well as locks, lockout kits, key duplicator, flashlights or other tools you use to operate your business.
  • Business income insurance to help replace your lost income if you can’t operate because of property damage caused by fire, theft or wind.
It’s important to remember that a BOP won’t cover every type of risk your locksmith business could face. You’ll likely need more coverage to increase your protection. For example, if you have employees, you’ll need workers’ compensation insurance to help protect them from work-related injuries or illnesses.
 
We know every small business owner is unique. We make it easy for you to get the insurance you need by creating a policy customized for your business. Our specialists can work with you to understand the risks you face and help you get the right coverage.
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How Much Does Locksmith Insurance Cost?

Insurance costs vary, but here are the average costs that The Hartford’s customers in this industry pay for common types of coverage:**
 
  • BOP: $1,687 a year, or about $141 a month
  • Standalone general liability insurance: $810 a year, or about $68 a month
  • Workers’ compensation insurance: $1,032 a year, or about $86 a month
Remember, insurance companies use different factors to determine rates, so your insurance cost may be different than the average. The best way to find out how much locksmith insurance will cost is to get a quote.
insured locksmith happy to be protected by The Hartford

Proof of Insurance at Your Fingertips

Access your proof of insurance online at any time.

Covering Your Operations

From client complaints to vendor lawsuits, your locksmith business faces a variety of risks every day. With the right coverage, you can better handle unexpected challenges that could slow down your operations. 
43% of small businesses are threatened with a lawsuit every year.2
Employment Practices Liability Insurance for locksmiths

Employment Practices Liability Insurance (EPLI)

“I had to terminate an employee based on poor performance, so I was surprised to find out they were suing me for wrongful termination.”
 
Employment practices liability insurance (EPLI) helps protect your locksmith company from claims of discrimination, harassment or wrongful termination. These kinds of claims can come from employees. With The Hartford, you’ll have coverage from claims made by third parties, such as customers or vendors.
General Liability Insurance for locksmiths

General Liability Insurance

“One of our locksmiths accidentally scratched a customer’s hardwood floor while installing their new locks.”
 
General liability insurance helps cover claims that your business damaged someone else’s property.

Taking Care of Your Team

Your employees are the backbone of your locksmith business, so protecting them is essential. Having the right insurance can help cover them if a workplace injury or illness happens.
There are 22,710 workplace injuries involving ladders each year.3
workers' compensation insurance for locksmiths

Workers’ Compensation Insurance

“Our locksmith was up on a ladder installing locks at a commercial building when he fell two stories and broke his leg.”
 
Workers’ compensation insurance gives your team benefits to help them recover from a work-related injury or illness. It can help cover their medical bills and replace their lost wages if they can’t work. With The Hartford, your employees also have access to a network of over 1 million providers and 65,000 pharmacies.
commercial auto insurance for locksmiths

Commercial Auto Insurance

“I had a team go out to a customer’s house to fix and replace some old locks. While parked on the street, another car sideswiped the company truck.”
 
Commercial auto insurance helps protect your business on the road when a company-owned vehicle is used for work.

Protecting Your Property

As a locksmith, the tools you rely on are essential to your job. If they get damaged, lost or stolen, it could impact your operations. With the right type of locksmith insurance coverage, you can protect your property.
Business downtime can cost a small business up to $427 a minute.4
business income insurance for locksmiths

Business Income Insurance

“We left our tools and equipment at a job site overnight. When we came back the next morning, all our tools were missing. We couldn’t work, and the project was delayed.”
 
Business income insurance can help you continue paying ongoing expenses like rent, payroll and utilities when your business is unable to operate due to covered property loss, such as theft.
Contractor Equipment Insurance for locksmiths

Contractor Equipment Insurance

“We were out on a job when someone stole our key-cutting machine and other tools from the back of the van.”
 
Contractors’ equipment insurance helps cover damaged or missing equipment that you need for your locksmith business. It can also help pay to speed up a project that’s off schedule due to a covered loss.

Locksmith Insurance Made for Your Business

With more than 200 years of insurance experience, we pride ourselves on knowing the unique risks your business faces. That’s why we designed business insurance coverage to meet your needs. Whether it's protecting your tools, securing your vehicles or shielding your business from liability, we’re here for you.
 
Find out more about related business professions we insure:
 

Frequently Asked Questions About Locksmith Insurance

Locksmith insurance coverage helps protect your business from claims that you caused property damage or bodily injury during lock installations, rekeying or emergency lockouts. It’s made up of different types of insurance coverage designed to help protect your business. For example, if you accidentally damage a customer’s home while opening a lock, a general liability insurance policy can help cover the damages. You can get additional coverage to help protect your service vans, key-cutting machines, lock-picking sets and other high-end specialized tools you use to operate your business.
Your locksmith business needs insurance because it helps pay for costly claims. Without locksmith insurance, you might have to pay out-of-pocket for expensive legal claims, damages or even employee-related lawsuits. Additionally, many states require specific types of coverage for locksmith businesses. For example, most states require employers to carry workers’ compensation insurance.
We make it easy for you to get a free quote online in just a few clicks.
small business owner protected after getting a locksmith insurance quote from The Hartford

Get Protected With Locksmith Insurance

Get the protection you need to secure your locksmith business.
 
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Last Updated: April 10, 2025
** Costs, premiums, and coverages mentioned are estimates and are not guaranteed. Actual cost, premium, and coverage are determined at the time of quote or issue and are specific to an individual risk. Premiums are based on information provided to The Hartford, including, but not limited to, underwriting and rating criteria. All examples included on this website or in an advertisement are intended for informational purposes only and are not an offer or a guarantee of premium or coverage. Coverage and products described are subject to the terms and conditions found in the policy contract. Any educational information provided about available coverages does not modify the policy language or imply that any claim is covered. Products are not available in all states or for all businesses.
2 The Zebra, “Small Business Statistics: 2024”
 
3 CDC, National Institute for Occupational Safety and Health, “Ladder Safety”
 
4 Solarwinds Pingdom, “Average Cost of Business Downtime”
This page outlines in general terms the coverages that may be afforded under a policy from The Hartford. All policies must be examined carefully to determine suitability for your needs and to identify any exclusions, limitations or any other terms and conditions that may specifically affect coverage. In the event of a conflict, the terms and conditions of the policy prevail.
 
All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. In Arizona, California, New Hampshire, Texas, and Washington by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident & Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Pacific Insurance Company, Limited, Sentinel Insurance Company, LTD (CA license #8701), Hartford Lloyd's Insurance Company, Hartford Insurance Company of Illinois, Hartford Insurance Company of the Midwest, Trumbull Insurance Company, Hartford Insurance Company of the Southeast, and Property & Casualty Insurance Company of Hartford and its property and casualty insurance company affiliates, One Hartford Plaza, Hartford, CT 06155.
 
Additional disclosures below.
The Hartford shall not be liable for any damages in connection with the use of any information provided on this page. Please consult with your insurance agent/broker or insurance company to determine specific coverage needs as this information is intended to be educational in nature.
 
The information contained on this page should not be construed as specific legal, HR, financial, or insurance advice and is not a guarantee of coverage. In the event of a loss or claim, coverage determinations will be subject to the policy language, and any potential claim payment will be determined following a claim investigation.
 
Certain coverages vary by state and may not be available to all businesses. All Hartford coverages and services described on this page may be offered by one or more of the property and casualty insurance company subsidiaries of The Hartford Insurance Group, Inc. listed in the Legal Notice.
 
The Hartford Insurance Group, Inc., (NYSE: HIG) operates through its subsidiaries under the brand name, The Hartford, and is headquartered in Hartford, CT. For additional details, please read The Hartford’s Legal Notice.
 
* Customer reviews are collected and tabulated by The Hartford and not representative of all customers.
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