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Communication & Telephone Equipment Installers
Communications and telephone equipment installers often provide services to commercial offices and companies as well as residential customers. Your company may specialize in telephone equipment installations for one type of customer or another, but your day-to-day professional obligations remain the same. The last thing you need is to have the added stress and worry of dealing with financial hardships caused by accidents and unexpected events. Protect your company by carrying business insurance coverage.
General liability insurance is the base insurance you should carry for your communications and telephone equipment installation company. This coverage is broad to ensure you’re protected from day to day risks as well as unexpected hazards and accidents. General liability grows with your company and provides protection to new products and services as you offer them.
General Liability Insurance Includes:
- Premises Liability – Premises liability is one portion of your general liability business insurance policy. It is designed to protect you from lawsuits and litigation that might arise if a customer is physically injured while at your business location – whether your business offices or a temporary job site. This insurance pays for medical bills that arise due to injuries, and repair bills if a customer’s personal property is damaged on the premises as well.
- Products Liability – If you sell telephone or communications equipment to your customers, your company could be at risk for legal action if there is a future problem with those products. When defective products bring physical harm to a customer or damages their property, they may sue your company. Your products liability section of general liability insurance pays for the damages and injuries. It also provides for your legal defense fees and settlements that may be awarded.
- Completed Operations – After you finish installing your customer’s communications equipment, they may find there is damage later. If that damage was caused by your installation procedure, they may sue your company. Completed operations coverage pays for those damages, as well as any physical injuries that may have been caused.
Business Owners Policy (Bop)
While you can purchase general liability insurance alone, you can also get it included in a business owners policy, or BOP. A BOP protects the physical assets of your company such as your office building or warehouse. It also protects intangible assets such as payroll or accounts receivable. A BOP can be tailored to provide coverage in only those areas you need, such as:
- Buildings and Contents
- Business Income and Extra Expense
- Electronic Data
- Newly Acquired or Constructed Buildings
- Employee Dishonesty Coverage
Business auto insurance protects you and your communications company employees if there is an auto accident when someone is driving for company purposes. This business insurance can protect your telephone installation equipment that is in transport, cargo, installed accessories and other things based on your chosen level of coverage.
Workers comp insurance protects your employees if they are ever hurt while performing the duties of their job. This business insurance pays for the employee’s medical care and recovery expenses that arise due to the work-related accident.
Professional liability insurance is also known as errors and omissions. This insurance is specifically for professionals like you. If you or an employee makes a mistake when installing a customers communications or telephone equipment, that mistake can cause physical injuries or property damages. Professional liability pays for the damages that arise due to mistakes you make.