General liability insurance covers common business risks like customer injury, customer property damage, and advertising injury. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts.
General liability insurance is a must-have policy for tile and stone installers, flooring installers, drywall installers, HVAC contractors, and other installation professionals. Since your work takes place at clients’ homes and businesses, you’re at high risk for injuries and property damage.
Usually required when you sign a commercial lease, this policy provides liability coverage related to:
As a small business owner, you may be able to bundle general liability insurance and commercial property insurance in a business owner’s policy at a reduced premium. An installation business that is eligible for a BOP typically:
Speak with a licensed Insureon agent to find out if a BOP fits your business.
If a visitor slips and breaks an arm at your shop or where you’re working, you could be blamed for the injury. If the person files a lawsuit, you may have to pay for their medical bills – plus the cost of hiring a lawyer. General liability insurance covers:
Note that this policy does not cover employee injuries. For that, you’ll need workers’ compensation insurance.
Accidents can be costly, particularly for owners of small installation companies. General liability insurance safeguards you when customer property is damaged. For example, if a door installation company accidentally breaks a window while bringing a door into a client's home, general liability insurance can pay for the cost of repairing or replacing the window, as well as legal fees if the client files a lawsuit.
While advertising your installation company and its services, your business could be susceptible to advertising injury claims. For instance, a competing installation company could sue you for copying a logo or slogan. Accidental advertising injuries are covered by general liability insurance. This includes:
Sometimes problems crop up only after a project is complete. Products-completed operations coverage protects installers from lawsuits over faulty workmanship (or products) that causes an injury or property damage.
For example, a newly installed window could leak and damage the hardwood flooring in a client's living room. Or a connection on a recently installed washing machine could come loose, flooding a client's garage and soaking their belongings.
If the homeowner sues, this coverage will help pay your legal costs, settlement, or judgment. It's also called product liability insurance.
While general liability insurance covers numerous risks, it does not provide complete protection. You may also want to safeguard against employee injuries, damage to business property, or accidents involving company vehicles. Other important policies for installers include:
Workers’ compensation insurance: This policy is required in almost every state for businesses that have employees. It covers medical fees for work-related injuries.
Commercial auto insurance: This policy covers vehicles owned by your installation business. It typically pays for vehicle accidents, weather damage, and vandalism.
Contractor’s tools and equipment insurance: This policy helps pay for repair or replacement of a contractor’s tools and equipment if they are lost, stolen, or damaged.
Are you ready to safeguard your installation business with general liability insurance? Complete Insureon’s easy online application today. Once you find the right policy, you can begin coverage in less than 24 hours.