Septic Tank Cleaner Insurance
The septic tank cleaning industry is worth more than $5 billion, and that number is only going to go up, thanks to the estimated growth of about 4% per year over the next 15 years. If you want to take advantage of this growth, you should first make sure you protect your business with septic tank cleaner insurance. Here’s how this specific type of insurance policy can benefit your business.
Cleaning septic tanks requires you to spend a lot of time at the homes and businesses of your customers. While a lot of septic tank cleaning appointments can be great for business, they can end in legal trouble for you if you are not properly insured. That’s where general liability comes in, since it is meant to pay for any property damage you might accidentally cause to your customers’ property.
Your general liability coverage is also meant to pay for the medical bills of anyone who becomes injured as a result of you cleaning their septic tank. This means that if a customer trips over a hose or other equipment, your general liability policy will pay for the resulting hospital or doctor bills. This coverage also kicks in when you need to defend yourself against allegations of libel, slander, or copyright infringement, since this portion of your septic tank cleaner insurance will pay your legal costs.
Business Owners (BOP)
A BOP allows you to combine several types of coverage that you might need in the septic tank cleaning industry. For example, if you need help with the costs of equipment breakdown or electronic data loss, you will be glad to have a BOP. It will also pay for repairs to your place of business in case of a fire or vandalism. Additionally, if your workplace is robbed or destroyed and you lose the equipment necessary to clean septic tanks, your BOP will pay to replace it so you can continue to offer your services to your customers.
Considering that a major part of your job as a septic tank cleaner involves you driving to your customers’ homes and businesses, including commercial auto coverage on your septic tank cleaner insurance policy is essential. This coverage will pay for the medical bills and repairs to property when you cause an accident while driving for business.
If you have any employees, you need workers comp. This part of your septic tank cleaner insurance pays for the medical bills and lost wages of any employees who become hurt or ill on the job. Without workers comp, you might be in violation of state laws that require companies with employees to have this coverage. Furthermore, you need it if you want your employees to have peace of mind that they will be taken care of if they are hurt while working for you.
Excess liability, which is also called an umbrella policy, is helpful when your general liability coverage is not enough to pay for your legal costs. For example, if multiple people are injured at your workplace and you are responsible for the medical bills, excess liability will pay for any costs that are left when your general liability’s limit is reached.