Water Softener Equipment Installer Insurance
As more individuals and business owners become increasingly concerned about water quality, you can expect the water softener equipment installation industry to grow. About 85% of homes in the US already have issues with hard water, yet they don’t all have water softeners installed. Before you make plans to target these homes and businesses, you should make sure your company is covered by sufficient water softener equipment installer insurance.
General Liability For Water Softener Equipment Installers
When you work in the water softener industry, you spend a lot of time at the homes of your customers. No matter how skilled you are at your job, there is always a risk of making a mistake, resulting in property damage or injury to your customers. Fortunately, if a customer trips over your equipment during an installation, general liability will cover the necessary medical bills. Similarly, if your equipment somehow damages the house, this coverage will pay for property repairs.
General liability will also pay any legal costs associated with fighting a lawsuit that accuses you of libel, slander, or copyright infringement. This way, if any competitors make such accusations, you won’t risk losing your business just to pay for the lawsuit. This alone makes general liability coverage an important part of your water softener equipment installer insurance policy.
Business Owners (BOP)
A business owner’s policy will make sure your company is thoroughly protected with a few types of coverage that you might need. One of the best parts about this type of business insurance is that it will pay for building repairs and replacement of its contents after a robbery or a natural disaster, such as an earthquake or fire. It will also pay any costs associated with sewer and drain backup, forgery and alteration, and accounts receivable.
Commercial Auto Coverage For Water Softener Equipment Installers
As an installation-based business, you likely spend a lot of the work day driving to your customers’ homes to install water softeners. But if you get into an accident on the way to an installation job, your personal car insurance will not cover the costs. This means that if the accident is your fault, you will be left to pay for the property damage to your car and the one you hit. You will also have to pay to replace any of your tools and equipment that may have been damaged in the collision. The only way to avoid this is to include commercial auto coverage as part of your water softener equipment installer insurance.
Workers Comp Insurance For Water Softener Equipment Installers
Whether you have a few employees or a large team of them, your business insurance policy needs to include workers comp. This way, if any employees are injured on the job, your insurance policy will pay for the necessary medical treatment and even any long-term rehabilitation that may be needed. You never know when your employees will cut their finger on a sharp tool, drop heavy equipment on their foot, or become injured in any other way. If you want to avoid having to pay for their medical care out of your own pocket, you need workers comp included on your water softener equipment installer insurance policy.