House Painting Company Insurance

House Painting Company Insurance 101

Protect your small business with the right coverage.

House Painting Company Insurance

House painting companies specialize in painting and staining interior walls and woodwork in residential homes. Many house painters are sole proprietors who do all the work themselves, while others have larger operations with several employees and multiple crews.

Regardless of the size of your house painting company, you face a variety of business risks in your day-to-day operations. You need house painting company insurance to protect your livelihood at times when things go wrong. An independent insurance agent can help you find the business insurance you need.

Why Do You Need House Painting Company Insurance?

You take great pride in your work and have spent years working hard to build your business, but you face a variety of unique risks that can destroy that business overnight.

You need house painting company insurance to protect your assets in these situations.

  • Your shop or office space sustains physical damage
  • Your tools, equipment, and materials are lost, stolen, or damaged
  • You or an employee damages someone’s home or personal property
  • You or an employee cause a homeowner or another individual to be injured, whether at your office or at a job site
  • An employee is injured on the job
  • You are sued for making some type of mistake

Your house painting company insurance can help you cover losses like these, and protect your livelihood for the long term. 

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Liability Insurance for House Painting Companies

Several different types of business insurance policies can help protect your business when you're faced with some type of negligence claim (i.e., you’re accused of damaging someone’s property or causing some kind of injury to a homeowner or a member of a the general public).

  • Commercial general liability (CGL) insurance: Protects you from the costs of liability claims and lawsuits. It can help you pay for property damage, medical bills, and attorney fees, court costs, settlements, and judgments.
  • Commercial auto insurance: Covers your vehicles and drivers in the event of an accident or other types of vehicle damage. If you or any of your employees drive personal vehicles for business purposes, you likely need non-owned auto liability insurance as well.
  • Commercial umbrella insurance: Can cover you for claims that exceed the limits of your other liability policies.

These policies can be tailored to fit your unique needs.

Property Insurance for House Painting Companies

If you have a shop, an office space, or a warehouse, you need to be able to pay for repairs if it is damaged or destroyed by fire, smoke, vandalism, or severe weather.

What’s more, you need to protect your painting tools, equipment, supplies, and materials while they are in transit and while they are at a job site.

The following types of property insurance can help.

  • Commercial property insurance: Covers your office space, shop, warehouse, or other buildings and their contents from losses due to fire, theft, vandalism, wind, hail, and other losses that can occur.
  • Business interruption insurance: Reimburses you for lost income and helps pay for certain ongoing expenses if you are temporarily unable to operate due to a covered loss (fire, weather, vandalism, etc.).
  • Inland marine insurance: Protects your equipment, tools, portable computer equipment, and other supplies from theft, loss, or damage while they are in transit to and from worksites.

An independent insurance agent can help you fit your coverage to the unique risks you face.

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Do You Need Workers’ Compensation Coverage?

Workers’ compensation insurance is required for most employers, so if you have employees, you’ll need this coverage. It provides coverage for medical bills and lost wages when accidents or illnesses happen in the workplace.

Workers’ compensation insurance provides benefits to injured workers regardless of who is at fault for an injury. An experienced independent agent can help you learn about the workers’ compensation requirements in your state.  

Coverage for Home-Based House Painting Companies

If you have a home-based house painting business, or if you work out of your home full time or even just some of the time, you may be uninsured or underinsured. You might think you have coverage under your homeowners policy, but that coverage is likely minimal, if you have any at all.

A typical homeowners insurance policy limits coverage for office equipment to around $2,500—not nearly enough to replace a computer, printer, phones, desk, fax, scanner or other equipment. What’s more, your homeowners policy will not cover business liability, loss or damage of business records, and damage caused by business interruption.

Your coverage is likely insufficient if you work from home and have a well-equipped office, as well as business files and records, as well as painting tools, materials, and supplies on hand.

The following types of coverage can help you fill the gap.

  • Endorsement to your homeowners insurance policy: You can add an endorsement, or rider, to your homeowner insurance policy that provides more coverage for your home-based business or home office. This type of policy is most appropriate for a one-person business without a lot of valuable equipment or many business related visitors, and one who is unlikely to suffer a major loss if unable to operate for a while as a result of a disaster.
  • In-home business/home office insurance: Some insurance companies offer a specialty policy for in-home businesses or home offices. The in-home business policy has some features of policies designed for larger businesses, but with much lower policy limits.

An experienced independent insurance agent can help you determine how to best secure appropriate coverage for your home-based business.

How Much Does House Painting Company Insurance Cost?

The cost of insurance for house painting companies depends on this information.

  • The size of your business
  • Whether or not you have employees
  • The types of tools and equipment you own
  • How many vehicles and drivers you have
  • The size and scope of the projects you take on

If you are a sole proprietor with no employees, you can expect to pay far less for your business insurance than a house painter with commercial office space, multiple employees, and the ability to work on larger projects.

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Benefits of an Independent Agent

An independent insurance agent who has experience working with house painting companies and other similar businesses can help you decide the types and amounts of coverage that you need for your business. The choices you make will determine your cost of coverage.

Independent agents can work with numerous, reputable insurance companies who specialize in your type of business. Together you can review a variety of proposals and choose the best mix of coverage that meets your needs and budget, free of charge.

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Find and Compare Quotes for House Painting Company Insurance

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.

Your agent will work with you free of charge to get quotes from multiple insurance companies so you can make the best choice.

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TrustedChoice.com Article | Reviewed by Paul Martin

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