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Exterminator insurance protects your finances. An owner's financial assets are protected with the right insurance, so your pest control business is also protected.
There are many insurance policies available to businesses. What you choose depends on the risk you're willing to take and what you'd rather have an insurance company take for you. The most common policy option is general liability.
The following should be covered if you get your certificate of general liability insurance:
The law doesn't force a business owner, including the owner of a pest control service, to obtain general liability insurance. You can service your clients without insurance, but this is frowned upon. The risks you're taking are pretty significant.
A customer may sue you and your company for various reasons. Obtaining good general liability protects your company from losing money overnight. This kind of loss could topple a small pest control company. A study from the United States Chamber Institute for Legal Reform shows that commercial liability cost businesses a total of $343 billion in 2018.
Now, that figure includes the whole business world, not just pest control companies or small businesses. The legal system was able to siphon about $182 billion from the small business community. Having general liability for your pest control business is vital.
To find out what is covered, you have to dive into the terms and conditions of your specific policy plan. There are a few common things a liability policy covers. The following are a few examples that should help you understand why the pest control liability insurance cost is worth the trouble.
To give clients proper pest control services, sometimes, an employee has to use pesticides. Most pesticides are liquid, and that means they can spill. Surely, your employees have experience handling these types of jobs, so a spill shouldn't be likely.
Still, accidents can happen. Your employee can spill pesticide material on an expensive entertainment system. Having the right general liability policy will ensure that the insurance policy covers any damage. Replacing this equipment for your client won't come out of your pocket.
Trained and experienced pest control specialists will share vital information with customers concerning the products used to deal with pests. Some of these products are quite dangerous.
The problem is that no matter how much experience your employees have, they are still human.
If an employee fails to tell customers these pesticides are dangerous, and their dog consumes them, they'll come after you. A trip to the vet can be pretty expensive, but your company won't have to deal with any of that if you have a good general liability policy.
During pest control service, your employee focuses on the job. A trained employee will be able to concentrate on the job and be aware of their surroundings, but mistakes can happen. Your employee can accidentally knock down an invaluable piece in the client's house.
This could be heirloom China, or it could be an entire cabinet. Having good general liability means you don't have to worry about these types of damages.
A customer or someone in the household could ingest what your specialist applies during treatment.
You'll need exterminator insurance at this point to deal with any medical costs that the customer might have.
To prevent this claim, an exterminator should tell the customer to seal all food or put food away before the treatment even starts. If any food is missed, it's better to discard that food and not take risks. Food can be replaced, but a person's health cannot, which should be communicated to customers.
You'll be happy you paid for pest control liability insurance costs if one of your employees fails to follow up with clients. Not following up could lead to costly issues.
For example, your employee could leave something undone, and the customer may not be able to get answers about this incomplete task. If this leads to damage or injury, then your company will have to deal with this issue.
You work hard to ensure your employees provide great customer service, including follow-ups, but at least you have insurance to cover issues they may spring up.
During the application of pest control products, the family leaves the house while the exterminator treats the house.
With all those chemicals in the environment, it makes sense that households have to leave for a few hours. The application of pest control substances isn't the only danger. When a home is treated, it also needs enough time to air out.
The airborne particles in the treatment solutions can affect a person negatively, so customers need to stay out even after the pest specialist has left. Once enough fresh air has come in, everyone can return. These instructions aren't always communicated clearly, and it could lead to bodily harm.
Cleanliness is quite important; it's something any pest control specialist would tell you. This is important because it helps homeowners keep pests out, but it's also important for your employees.
Failing to clean and disinfect before leaving could cause damage and hurt someone. Failing to clean up could expose a family pet or a child to chemicals.
You'll be happy that you have your certificate of general liability insurance because it'll cover any mistakes.
While these are only a few situations this type of policy can help with it, it should give you an idea of how valuable a policy like this one could be. Still, it wouldn't hurt to talk to an agent to help you understand specifics.
Every pest control business owner wants to know how much this type of insurance is going to cost.
For the most part, the average pest control company is going to spend anywhere between $400 to $700 a year keeping the right million-dollar policy.
It might seem like liability insurance for pest control business can be costly, but the truth is that's nothing compared to what it could save you.
The following are a few things that could affect how much you end up paying for your specific policy:
You could get liability insurance for pest control business at a discounted rate, but only if you get it as part of a business owner's policy or a BOP. This is a common way to obtain coverage as a small business because it includes policy bundles that most small businesses will use.
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