Flooring contractors are professionals who repair, maintain, and install flooring in residences and commercial buildings. As a flooring contractor, you are responsible for safely installing flooring the customer has requested, along with making minor or large repairs, whether it is hardwood, carpet, tile, stone, laminate, linoleum, or other flooring materials. As a flooring contractor, your biggest risks are bodily injury when installing or repairing flooring, as well as potential damage to the customer’s home or place of business during the installation process. Flooring contractors insurance will help cover risks associated with your profession. Are you looking for workers’ compensation?
There are a variety of insurance policies suitable and recommended for flooring contractors; the following are the most common and beneficial to flooring contractor businesses.
General liability insurance includes completed operations, products liability, and premises liability and is an important policy for flooring contractors. Completed operations is especially significant because it covers any legal costs relating to the completed job. If after installing flooring, your client discovers an error that includes damage to their home, they can sue you for damages. Premises liability covers any accidents that might occur in your contractor’s business office, and products liability covers liabilities from products you use or sell.
As a flooring contractor, the majority of your job is spent at client’s homes or commercial buildings, therefore you should have business auto insurance. Also referred to as commercial auto insurance, business auto insurance for flooring contractors is meant specifically for vehicles used for business operations, such as driving to or from a client’s place of business or residence, as well as picking up supplies, or dropping off a deposit at the bank. With business auto, you’ll be afforded protection from property damage or bodily injury as a result of a vehicular accident. Protection may also include theft and vandalism coverage as well.
A business owner’s policy (BOP) can provide your flooring contractor business with an insurance policy that encompasses several types of policies. As a package policy, the BOP is tailored to fit any risks you feel are likely for your business, including business income, equipment breakdown, building and contents, electronic data, employee dishonesty coverage, and newly acquired or constructed buildings. For example, if there was a natural disaster that destroyed your office building, the BOP can include protection against those damages along with business income until you’re able to continue with your daily business operations.
