Fire Sprinkler Contractors
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Insurance For Fire Sprinkler Contractors
As the provider of fire sprinklers, your business provides a valuable service to other businesses and residents. Fire sprinklers are a crucial preventative measure and customers count on you to install them correctly. As in any business, you or your employees could have accidents or make mistakes that cause injuries or damage. For this reason, you need to have comprehensive commercial insurance.
General Liability Insurance
The most basic portion of your commercial insurance will be general liability. This is meant to protect you from a wide variety of occurrences from accidents in your office to damages done to the property of your customer’s. General liability pays the costs incurred by unforeseen events, injuries, illnesses, and property damage for which your business is liable. General liability includes three types of coverage:
General Liability policy Includes:
- Premises Liability - This part of your small business insurance will cover you in the case of accidents in your business location. While the bulk of your work occurs at your customer’s sites, you likely have an office. If you have anyone coming through your doors, this coverage is necessary. For instance, if a customer or salesperson slips and falls while visiting your office, you will be covered.
- Products Liability - As a fire sprinkler contractor, you sell products to your customers and then install them. If the sprinklers are faulty and cause damage or injury as a result, this part of your commercial business insurance will cover the costs. For example, the sprinklers may go off unexpectedly, causing water damage.
- Completed Operations - Chances are that you receive complaints after you have completed an installation and the customer has paid. In this case, although your contract is complete, you are still liable and this portion of your business insurance policy will cover any damages or costs.
Business Owners Policy
Business owners often bundle their different commercial insurance needs into one package called a business owners policy, or BOP. This is a convenient and cost effective way to get all the coverages you need as a fire sprinkler contractor. General liability will be included and you can add the rest of the coverage specific to your needs. Add-ons include coverage for additional buildings, vehicles, employee dishonesty, electronic data, business interruption, and more.
Business Auto Insurance
Sending your employees out in vehicles to perform installations is a vital part of your business. As such, you need protection within your commercial business insurance policy for accidents related to those vehicles. Your employees may cause accidents, be the victim of an accident, damage property with a vehicle, or cause injury to others. In each case, if your employee was on their way to or from a job site, your business is liable. Auto insurance will cover costs of damage, medical care, and litigation as needed.
Workers Comp Insurance
If your employees are injured or become ill while on the job, you will need workers compensation to pay for their medical care, emergency care, recuperation costs, and missed income. In fact, in most states having this coverage in your business insurance is required by law. The injury or illness could occur on your premises, at a customer’s location, or on the road. In any case, your business is liable.
For coverage above and beyond what is provided by the general liability portion of your small business insurance, you may choose to purchase commercial umbrella. This provides extra protection in the case of an event that causes massive damage and expense.