Insurance for Painters
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What Insurance Do Painters Need?
Professional Liability Insurance (or E&O Insurance), protects your small business from claims of mistakes, negligence or malpractice made when providing your services that caused sobody financial loss. PLI covers your legal defense costs, damages and settlements.
Commercial Property Insurance will provide coverage for your properties in case damage renders them impossible to rent or lease.
General Liability Insurance protects your small business against claims of third-party bodily injury and property damage, reputational harm and advertising injury. It covers medical bills, repair costs & legal fees.
Workers Compensation covers your employees' medical costs and lost wages while recovering from a work-related injury or illness. The employee gives up the right to sue your company in return for receiving cash and benefits from Workers Compensation. In some states it’s mandatory for businesses!
Covers your products, materials and equipment that are transported over land (truck or train), or while they're in a warehouse. If involved in a collision, mishandling or cargo theft, Inland Marine Insurance covers the transported goods.
Commercial Auto Insurance covers your cars, trucks, and vans used in your business. It covers the costs from vehicle damage in collisions, theft, vandalism and weather damage. It also covers medical expenses for to injured parties.
Frequently Asked Questions
Why do Painters need insurance?
Painting is an art that just few can master. It requires a great attention to detail, treating the project like a fine art, and using the right processes and tools to deliver quality work that your customers appreciate. Whether you offer interior or exterior painting services, you need painters insurance to protect your business’s financial assets and reputation.
Companies categorized under this industry work mainly in covering or painting interior or exterior walls. Other services include new work, additions, alterations, maintenance, and repairs.
What risks do Painting Contractors face?
Too many think house painting is a cut-and-dry service. But the truth is as a house painter, you face many risks every day.
- Paint Spills: Painters lay tarps over furniture and sidewalks to protect customer property. If you miss this step and the paint spills on their property, you are responsible for repairing or replacing items.
- Employee Injury: Painters use repetitive movements that can cause injury to the shoulders or arms. Also on ladders, the risk of falling and breaking an arm or leg exists. Employee injuries require you to pay medical expenses and time away from work.
- Other Injuries: If a customer or visitor to the property falls over your equipment and is injured, you're responsible for any related costs.
- Vehicle accidents: You rely on trucks to travel to various job sites. Depending on how severe an accident is and if your responsibility, costs can be expensive.
- Stolen Property: If you leave supplies and equipment at long-term job sites or in your vehicle it is unmonitored. You risk theft and the cost of replacing it all.
How much does Painters Insurance cost?
Insurance companies look at every painting business differently when they calculate your painter insurance cost. They want to know whether you are an interior or exterior house painter, how much experience you have, your process when a hiring a painter, and safety measures you take at job sites. To request a quote for painters insurance today, fill out our easy online application.
Do Wall Covering Contractors Need Commercial Auto?
Wall covering contractors or paper hanging contractors have to drive from one job site to the next. They often tend to go to lunch in the middle of a job or maybe even go to the bank. Wall covering contractors will often have to go to the supply store to stock up or get something they need for the current job. All of these scenarios involve driving a vehicle for business purposes. Once a vehicle is being used for business, it is no longer eligible to be insured on a Personal Auto policy.
A Commercial Auto insurance policy is necessary to ensure that the paper hanging contractor has the proper Auto Liability and physical damage coverage for the vehicle. Make sure the minute you start driving a vehicle for business purposes you purchase a Commercial Auto insurance policy to avoid a situation where you are in an accident and a claim is denied because it is not insured properly.