The Basics on Business Insurance for Tile Companies and Contractors
Having your own tile company or employing yourself as a tile contractor allows you the freedom to be your own boss and work on your own schedule. If you have a tile company, protecting your business and your assets should be your top priority.
Tilers insurance includes liability and business insurance for tile companies and contractors and is a must for all tile companies. But what you need, how much you need, and where to find it can be a daunting task. Here’s a quick look at the basics of business insurance for tile companies:
Types of Liability Insurance for Tile Contractors and Businesses
Your tilers insurance policy will need to include certain types of liability insurance to cover everything from an employee injured on the job who sues you or a job that results in damage to a customer’s home. This includes:
- General liability. This type of tilers insurance covers costs that result from an injury or damage to property that is deemed you or your company’s fault. For example, if one of your customers trips over your tools and injures herself and then sues you for damages, general liability will cover the costs. Most general liability policies cover $1,000,000 per occurrence and $2,000,000 aggregate the amount of coverage under the policy’s term).
- Professional liability. This is frequently referred to as Errors and Omissions insurance and covers claims from mistakes resulting from negligence or human error that might occur during a project but don’t fall under general liability coverage. Many professionals recommend professional liability insurance for tile contractors of $1,000,000.
- Workers compensation. This type of covers lost wages and medical bills of your employees who are injured while on the job. Most states will require that your tilers insurance include this type of liability insurance for tile contractors.
- Commercial auto. If you provide vans or trucks for your contractors, commercial auto insurance with your state’s liability minimum requirements will cover medical and property damage costs you or your contractors may be held liable for.
Finding Tilers Insurance
Most insurance companies that specialize in business insurance can provide you with quotes for tilers insurance that includes the coverage needs for your business. Because premiums for this type of insurance vary sometimes by hundreds of dollars or more) with each company, shopping around for multiple quotes is essential for getting the best price. Netquote.com makes this easy, providing you with the information needed to build a quote with the right amount of coverage and receive multiple tilers insurance quotes in a matter of minutes.
See how much you could save today on your insurance. Get your free business insurance quotes today!