Paver installers are landscape contractors who design, recommend, and install paver bricks in residential and commercial settings. Proper paver installation can beautify a yard, but done wrong, paver installation can be a blight on the landscape and can even cause drainage issues that compromise a home’s foundation.
For these and many other reasons, paver installers face a wide range of risks that can be financially devastating. Worker injuries, property damage, and lawsuits can threaten your assets and the long-term financial strength of your business.
But paver installer insurance can help you mitigate your risks and protect your business. You need an experienced independent insurance agent to help you assess your risks and find the right business insurance policies from highly rated insurers.
Why Do You Need Paver Installer Insurance?
Paver installers are responsible for a lot. You want to design and install a beautiful brick patio for your customers, but there’s so much more to worry about. You have to ensure proper drainage, place appropriate fabric and subsurface to prevent weeds and sinking, protect the home’s foundation from any negative effects, and make sure the pavers will stay in place for the long term.
Your employees are working, sometimes for many days, on someone else’s property with dangerous tools and equipment. A single mishap could lead to the loss of everything you’ve worked to accomplish.
If a customer simply trips and falls over your equipment or an improperly installed paver and gets injured, or if a patio you’ve installed causes damage to a home’s foundation, you could face negligence claims, lawsuits, and devastating financial losses.
And you face numerous other risks as well. Your employees can be injured while working with saws and other heavy machinery. Or your office or workshop could be damaged by vandalism, theft, or a severe weather event. What’s more, your expensive tools and equipment could be lost or stolen while you’re working at a customer site, and your employees could be involved in auto accidents while traveling from job to job.
Business insurance helps you mitigate the costs related to employee injuries, equipment and materials damage, motor vehicle accidents, and more. Because every paver installer is unique, your insurance needs will be determined based on the size of your company, the number of employees you have, and the type of work that you do.
Liability Insurance for Paver Installers
Paver installers need a package of insurance policies tailored to the unique risk exposures of their industry.
First, you need general liability insurance for occasions when your business is negligent and causes bodily injury or property damage to a third party.
Your commercial general liability (CGL) policy protects you in the event of third-party lawsuits, with coverage for attorney fees, court costs, settlements, and judgments up to the limits of your policy. CGL insurance will respond if a customer claims you damaged their property while installing a brick patio, or when a vendor trips and falls while making a delivery at your office or workshop.
It’s a necessity for paver installers to own multiple trucks or other vehicles to transport tools, equipment, and workers to and from job sites.
- If you own trucks or other vehicles, commercial auto insurance covers your owned vehicles and drivers in the event of an accident or other vehicle damage that occurs. Commercial auto insurance provides coverage for property damage and bodily injury liability claims, vehicle damage, and medical bills, as well as any costs related to lawsuits due to auto accidents involving your vehicles.
You may want to talk to your independent insurance agent about your need for excess liability, or commercial umbrella insurance.
- Commercial umbrella insurance provides an extra layer of liability protection to any of several other liability policies you might have. Commercial umbrella insurance kicks in when the limits of your other applicable insurance policies have been exhausted, protecting you in the event that a claim exceeds the amount of coverage available from any other applicable policy.
Property Insurance for Paver Installers
Paver installers need to protect their valuable property and equipment.
- Commercial property insurance covers your office space, warehouse, workshop, or other buildings and their contents for losses due to fire, theft, vandalism, weather events, and more.
- Property insurance also typically includes loss of income coverage, or business interruption insurance. It 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, storm, etc.).
- Inland marine insurance is another form of property insurance that protects your equipment, tools, portable computer equipment, and other supplies from theft, loss, or damage while they are in transit to and from worksites.
Why Do You Need Workers’ Compensation Insurance?
Keeping your employees safe from work-related injuries and illnesses is important for their long-term health and satisfaction, as well as your company’s financial viability. Excessive employee injuries and illnesses can be financially devastating for your business.
You need workers’ compensation insurance to help employees who are injured on the job. Installing brick patios and driveways at businesses and homes can be dangerous for employees. They may be required to use dangerous tools and equipment while working in unsafe environments. Your employees may be exposed to falls, cuts, abrasions, back injuries, and other unsafe conditions.
Workers’ compensation insurance provides coverage for medical expenses and lost wages for injured workers. Business owners are required to carry workers’ compensation insurance to protect their employees. Specific coverage requirements vary by state.
Other Insurance Policies for Paver Installers
An independent insurance agent can help you determine if you need the following additional policies or types of coverage.
- Flood or hurricane insurance: Your basic commercial property policy doesn't cover flood or hurricane damage. Talk to your agent about flood and hurricane insurance if you live in an area that is prone to these events.
- Employee crime and dishonesty coverage: Protects your business from the costs of theft, dishonesty, and fraudulent acts committed by an individual employee or a group of employees. It provides coverage for forgery, alteration, theft, unauthorized electronic funds transfers, credit card fraud, computer fraud, money order fraud, and counterfeit fraud.
- Utility interruption coverage: Provides income protection if you are unable to operate due to a covered utility (water, electrical) interruption.
- Employment practices liability insurance: This policy offers coverage for claims of employment-related discrimination by prospective, current, or former employees.
Do You Need Contractors Bonds?
You may need to purchase one or more contractors bonds for your paver installer business, depending on the types of jobs that you take (e.g., residential or commercial). Contractors bonds are often essential for finding, securing, and performing work for many types of projects that you might work on. They may be required by a customer in order for your bid to be accepted, and they typically guarantee some aspect of the bidding process and the contract. This would typically come into play if you are working on a commercial or municipal project.
There are a variety of types of surety bonds, including bid bonds, performance bonds, payment bonds, license and permit bonds, and maintenance bonds. Every bond is unique and tailored to a specific project.
An independent insurance agent can help you secure the contractors bonds you need.
How Much Does Paver Installer Insurance Cost?
In general, insurance costs for paver installers will vary depending on the size of your business, the number of employees you have, the amount and value of your tools, equipment, and inventory, the location of your business, and a variety of other variables.
An independent insurance agent can guide you though your options so you get coverage that meets your needs and budget.
Benefits of an Independent Agent
Independent insurance agents simplify the search process for finding the right paver installer insurance. They’ll walk you through some handpicked policy options and explain the details.
Most importantly, they’ll 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.
The Lowdown on Online Quotes
Online quotes can be tempting. They are fast and easy to get—but are they accurate? And are you getting quotes for the right coverage? For business owners, choosing speed over accuracy can cost you.
Online quotes can’t and don’t see the whole picture. They can leave out important coverage that will leave you devastated if something unexpected happens. And they can leave out cost-saving opportunities that an agent can help you take advantage of.
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.