Countertop Installers Liability Insurance
Countertop installer liability insurance is a necessity to bring you (not to mention your customers) peace of mind. The last thing you need to worry about is how you would handle any liability claims while you’re installing granite or marble countertops.
Good liability insurance from a known and respected company is what you want to have. The insurance program should also be designed with risks that your profession takes built into it.
General Liability Insurance Pays Out When You Need It
A sound business insurance program begins with reliable GL (General Liability) coverage. You may not know it but this handles a variety of expenses that could add up in a hurry including:
- Compensated time that you take to support the case (such as going to court).
- Attorney’s bills, witness expenses, court fees, charges for documentation and other typical costs incurred when putting on your defense.
- Settlements or court-mandated judgments.
- Any bond premium that the court wishes to impose.
Another thing you may not know about GL coverage is that it extends to all those who contribute to your company’s operation spouse, employees, partners, stockholders, executives, etc. anyone who is authorized to work for your firm.
Typical GL Coverages Include:
Bodily Injury (BI): This is probably one of the most important pieces of insurance protection that you can have. If someone is injured in your shop or showroom by an untimely slip and fall or other accident, this coverage will take care of that person’s losses including medical expenses.
Property Damage (PD): If another’s property is damaged as a result of an action performed by someone associated with your company, the claim will be handled by PD.
Products and Completed Operations: If defective material is inadvertently used, or a dissatisfied customer sues because s/he is unhappy with your work, this section of the GL policy will cover any related claim.
Medical Payments: No matter who is found liable, this coverage pays out immediately for any medical payments up to the limits (typically in the $5,000 to $10,000 range).
Personal and Advertising Injury: When a third party feels that advertising you did harmed his/her business, the claim will be handled by personal and advertising injury.
Damage to Rented or Leased Premises: If you rent or lease property for your business and any damage is done to it, this part of the policy will take care of it.