Alarm System Installer Insurance
When you run a business installing alarm systems in your customer’s homes, you have to garner a lot of trust to win new business. Building a trustworthy reputation takes time and effort. Don’t let your hard work and business investments be put in peril by unexpected events. Protect your assets and your reputation with commercial business insurance.
General Liability For Alarm System Installer
General liability is a commercial insurance that helps protect small businesses like yours from natural disasters, customer injury and customer property damage. It can also protect your alarm company if a product you sell is defective in some way, or if you run into unexpected liability claims because of your advertising campaign.
Business Owners Policy (Bop)
A business owners insurance policy (BOP) provides your company with general liability protection plus property protection. The types of protection you can get depend upon what you choose to add to your policy, and the levels can be custom tailored to the needs of your alarm system company.
- Equipment Breakdown – Alarm system installers work with specialized equipment to ensure the safety of their customers. Specialty equipment ensures you can quickly and efficiently complete your work orders and increase business as well. A BOP can protect your company against the expense of important equipment breakdowns.
- Buildings and Contents – When natural disaster strikes, you could suffer damage to your company offices. Damage to the buildings themselves and the tangible equipment you have inside, such as your office furniture, can be expensive to repair and replace.
- Business Income and Extra Expense – When major damages occur you may find that your company is unable to conduct business until repairs are made. A BOP can provide you with lost income and pay for temporary work locations.
- Products and Completed Operations (Included in General Liability) – After you install a security alarm system in your customer’s home, problems can arise in the future. Whether the problems lie with the products you sold to the customer or the installation services you provided, a BOP can protect you from potential liability.
- Electronic Data – Modern alarm system companies often use specialized electronic data such as design or monitoring software. If your electronic data is destroyed due to a power surge or a computer virus, a BOP can help cover the cost of lost data.
- Newly Acquired or Constructed Buildings – As your company grows, a BOP can expand to cover new office locations and equipment storage units.
- Valuable Papers Protection – If your company keeps valuable physical paperwork on hand, such as security equipment warranties and supply contracts, a BOP can protect you from the loss of all valuable papers.
- Employee Dishonesty Coverage – A BOP can protect your company from fraud and dishonest acts committed by your employees. You can protect yourself from losses due to forgery, unauthorized fund transfers and more with this coverage.
As an employer, your alarm system installation company is required by law to carry workers comp insurance. If an employee is injured while carrying out job duties, workers comp takes care of the associated medical and recovery expenses.
Business auto insurance protects your company from losses and damage to vehicles you use for work.
Surety bonds instill trust in your customers so that they will allow you access to their homes. A surety bond is simply a guarantee that you will fulfill the terms of your contracts.