(888) 900 0205How Much Is Pool Installer Insurance
So, you're curious about the cost of pool installer insurance, right? Well, it's not a one-size-fits-all answer. The price can vary based on several factors, like the size of your business, where you're located, the number of employees, and the specific services you offer.
For a small pool installation business, general liability insurance might set you back around $67 to $89 per month. That's for a standard $1 million per occurrence and $2 million aggregate policy.
General Liability Insurance
- Third-Party Injuries: Suppose a client or a visitor slips and falls on your worksite. This coverage helps pay for medical bills and legal fees if they decide to sue.
- Property Damage: If you accidentally damage a client’s property during installation, general liability insurance steps in to cover the costs.
- Advertising Injury: Protects against claims of libel, slander, or copyright infringement
Workers Comp
- Medical Expenses: Pays for medical bills if an employee gets injured or ill while on the job (e.g., back strain from lifting heavy materials).
- Lost Wages: Covers a portion of an employee’s lost income if they need time off to recover.
- Disability Benefits: Provides compensation for temporary or permanent disabilities caused by workplace accidents.
- Legal Costs: Covers legal fees if an injured employee sues your business.
- Death Benefits: Helps with funeral expenses and provides support for the deceased worker’s family.
Cost
For example:
- In lower-risk states, pool installers might pay $3.50–$6.00 per $100 of payroll.
- In higher-risk or stricter states, costs could range up to $8–$10 per $100 of payroll