When you also have equipment or operate from an office
All Basic plan benefits and:
Get protected against employment-related issues
All Standard plan benefits and:
*plus Workers Compensation
General Liability insurance is one of the most basic insurance locksmiths should have. The insurance covers a variety of risks and exposures including the damage done by the services you offered, the products used, third-party personal and bodily injury, claims of property damage and advertising mistakes.
Business Owners Policy (BOP) combines both the Commercial Property and General Liability coverage for locksmiths. Perfect for SMBs as it provides the convenience of one premium and huge cost savings. Additional coverage, like Cyber Liability and Business Interruption, can be added to protect your business specific to your needs as well.
Driving to and from your clients to provide your services? Your personal auto insurance won’t provide enough coverage or might even be voided. Invest in the right insurance for your business. Commercial Auto insurance has higher limits and coverage than what a personal auto insurance can cover so that in case of an accident all expenses are covered if you or your employees are at fault.
Workers' Compensation is state-mandated insurance if your business meets the minimum number of employees. It has the benefit of saving you the time and money of a negligence claim because it not only pays for the medical fees but also rehabilitation fees and employee lost wages. The insurance also relinquishes employee rights to sue your business for negligence.
These establishments create, build, repair, install, adjust and sell locks (mechanical or electrical), safes, and vaults.
Locksmiths can usually make an offer on a project without insurance. However, you still need one when you are hired to work on a big job like a business or government project. Moreover, insurance protects you from the many risks involved when working with various clients. This ensures that if something happens to your business, like an accident or a lawsuit, the insurance will pay for the covered risks. Therefore, your business and personal assets are protected.
Locksmiths face a unique set of risks. Below are some of those:
Don’t be alarmed when trying to understand your insurance needs and how much will it cost. We can help you understand your unique risk exposure and provide with the best insurance for your business. To find out the cost of your insurance apply online to get a free quote or talk directly to our insurance experts.
CoverWallet utilizes state of the art technology to help small businesses understand and buy customized coverage, get significant savings and conveniently manage their insurance, in a matter of minutes, all through our online platform.
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