Pool Enclosure Company Insurance

Your Guide to Pool Enclosure Company Insurance

Learn about basic coverage, and more.

Pool enclosure company insurance

The risks that individual pool enclosure companies face are as unique as the projects they do. Some projects are small residential pool enclosures, while others could be large or elaborate enclosures for hotels, public pools, health clubs, and more. Regardless of the size or difficulty of a project, accidents and property damage can happen at any time.

When you experience property damage or a lawsuit, business insurance tailored for pool enclosure companies is one way to protect your business from devastating financial losses. An independent insurance agent can help you get the coverage you need. 

Why Do You Need Pool Enclosure Company Insurance?

Pool enclosure companies work on a variety of different types and sizes of projects in numerous environments. In the course of a build, you are exposed to a variety of risks that can cost you a tremendous amount of money. You need pool enclosure company insurance to protect your livelihood from things such as the following.

  • Property damage, theft, or vandalism to your tools, vehicles, and equipment
  • Worker injuries
  • Lost income due to property damage or some other type of work stoppage
  • Lawsuits for causing damage to a home or causing injuries to a homeowner
  • Car accidents involving your business-owned vehicles

With pool enclosure company insurance tailored to your unique business, you can cover problems like these, and more.

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What Does Pool Enclosure Company Insurance cover?

Pool enclosure company insurance is not a single insurance policy. It is a wide range of insurance products designed for general contractors, homebuilders, remodelers, carpenters and other types of construction firms, including pool enclosure companies.

Pool enclosure company insurance helps you minimize the costs related to employee injuries, equipment and materials damage, motor vehicle accidents, lawsuits, and more.

Not every pool enclosure company has the same insurance needs. Your comprehensive business insurance program should be based on the size of your business, the number of people you employ, and the type of work you perform.

Liability Insurance for Pool Enclosure Companies

One of the biggest risks you face as a pool enclosure company is the damage that you can do to someone’s home while you’re working. 

Several different types of liability insurance policies can help.

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.

Whether a person is physically injured by slipping on a wet floor at your workshop, or someone is hurt because they trip on materials you’ve left outside at a worksite, your general liability insurance protects you. It also covers damage you do to someone else’s property, whether it happens at a job site or at your primary business location. 

You might also need some other types of liability insurance to protect your pool enclosure company. Commercial auto insurance covers your vehicles and drivers in the event of an accident or other types of vehicle damage. And commercial umbrella insurance can cover you for claims that exceed the limits of your other liability policies.

Property Insurance for Pool Enclosure Companies

You need to protect your primary business premises, as well as your valuable tools and equipment whether they are at your shop, on the way to a job site, or on a trailer at the site until the project is completed. These policies offer protection for your commercial property.

  • 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.).
  • Extra expense coverage: Pays for non-ordinary expenses (e.g., buying or leasing equipment for a temporary site, paying overtime, hiring temp workers) that are above and beyond your normal operating costs if you can’t operate out of your usual location or if your equipment is damaged from a covered event.
  • 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 installation floater: Protects materials left at a job site to be installed but are damaged before you can do it. If, for example, you drop off materials at a job site but find them vandalized and broken the next morning, an installation floater will likely cover your losses.
  • A tools and equipment floater: Can normally be added to your property damage coverage. It covers any leased or owned specialized tools and equipment for your foundation business while they’re stored on the construction site. 
  • Builders risk insurance: Covers your business property (tools, equipment, building materials) while at a construction site. It also covers the structure that is under construction. It pays for losses due to fire, theft, vandalism, hail, and so on.

These and other policies and policy endorsements can be customized to cover your unique risks, and together make up a large portion of a comprehensive pool enclosure company insurance program.

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What Other Policies Do Pool Enclosure Companies Need?

You’ll need several other policies or policy endorsements to be sure you’re fully protected from all of your risk exposures.

  • Workers’ compensation insurance: Provides protection for workers who are injured or become ill on the job.
  • Crime coverage: Protects your business if an employee or a group of employees engage in theft, forgery, or fraud that damages your business. It also offers coverage in cases of shoplifting and vandalism.
  • Employment practices liability insurance: Covers you if an employee sues you for discriminatory employment practices.

Your independent insurance agent can help you determine your need for these or any other additional insurance policies you might need.

Do Pool Enclosure Companies Need Contractors Bonds?

You might need a variety of contractors bonds, or surety bonds, depending on the size and scope of the projects that you work on. Bonds are very important for contractors who work on commercial building sites, but you may still need certain types of bonds even for residential work.

Contractors bonds can be essential for finding, securing, and performing work. They are typically used to guarantee some aspect of the bidding process or building project and ensure the project owner that you are fully licensed, insured, and prepared to complete the project as promised.

How Much Does Pool Enclosure Company Insurance Cost?

Insurance costs for pool enclosure companies will vary depending on the size of your business, the number of employees you have, and how much business property (buildings, tools, and equipment) you have.

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Benefits of an Independent Agent

An independent insurance agent who has experience working with pool enclosure 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.

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 Pool Enclosure 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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