Window Shade and Blind Installation Service Insurance

How to Insure Your Window Shade and Blind Installation Service

Business insurance 101 for your small business

Window shade and installation service insurance

Window shade and blind installation services help homeowners transform their homes by installing window shades, window blinds, and other window treatments in new and existing homes.

If you own a window shade and blind installation service, you may work out of your home or an office or a retail space. And you face risks just like any other business. You need comprehensive business insurance to help protect you and ensure your business can thrive even when things go wrong.

A local independent insurance agent can help you get the window shade and blind installation service insurance that you need to protect your livelihood.

Why Do You Need Window Shade and Blind Installation Service Insurance?

Whether you work from home or have an office or retail space, you have a variety of risk exposures that can be addressed with window shade and blind installation service insurance. These risks include the following.

  • Slips, trips, and falls at your office or public space
  • Employee injuries
  • Causing damage to customers’ property
  • An employee causes a homeowner or another individual to be injured, whether at your office or at a job site
  • Fire, weather events, theft, or vandalism causes damage to your office, equipment, or other business property
  • Tools, equipment, and materials are lost, stolen, or damaged
  • Auto accidents while driving for business purposes

Customized business insurance helps you protect your business from these costly problems.

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What Is Liability Insurance?

Window shade and blind installation services face risks from all sides. You can run into trouble at your office, in a customer’s home or in a commercial building, driving to and from a job site, while you’re working, or after a project is completed.

Any time you perform work for and around the general public, you face a serious liability risk. In your line of work, property damage and injuries are not uncommon, and you need to be prepared to pay when you are at fault.

Several different types of business 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 that you're responsible for, as well as attorney fees, court costs, settlements, and judgments if you're sued.
  • 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 driver personal vehicles for business purposes, you likely need non-owned auto liability insurance.
  • Commercial umbrella insurance: Can cover you for claims that exceed the limits of your other liability policies.

An independent insurance agent in your city can help you get the liability protection you need to protect yourself from negligence claims and lawsuits.

What Is Property Insurance?

In addition to protecting your clients when things go wrong, you need to protect your own property, as well. You’ll likely need several types of insurance to cover 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.).
  • 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.

Your insurance agent can help you decide which types of property insurance are best for your business.

Is a Business Owners Policy Right for Your Window Shade and Blind Installation Service?

You may be eligible for a discounted insurance package called a business owners policy (BOP), which provides several essential types of coverage in one convenient, bundled policy designed for small businesses like yours.

Only certain businesses are eligible for a business owners policy, depending on the following factors.

  • The size of the business property
  • The necessary liability limits
  • The type of business
  • The extent of the business’s offsite activity

Premiums for business owners policies are also based on these factors, as well as the following.

  • The business’s location 
  • The type of building construction
  • The building’s security features
  • Potential fire hazards

Business owners policies include commercial property insurance, business interruption insurance, and general liability insurance.

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Other Types of Window Shade and Blind Installation Service Insurance

Like many other businesses, the risks you face as a window shade and blind installation service likely don’t end with basic property and liability concerns. You should talk with an independent insurance agent about your need for other types of business insurance, such as the following.

  • Workers’ compensation insurance: This is typically required for any business that has employees. It pays for lost income and medical expenses for employees that are injured 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.
  • Commercial auto insurance: Covers your vehicles and drivers in the event of an accident or other types of vehicle damage. If your employees or you drive personal cars for business purposes, you need non-owned commercial auto liability insurance as well.
  • Cyber liability insurance: Provides coverage in the event of a data breach involving your business.
  • Employment practices liability insurance: Protects you if an employee sues you for discriminatory employment practices.

Coverage for Home-Based Window Shade and Blind Installation Services

If you run your business out of your home, 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 tools, materials, and supplies on hand.

Here are some ways to fill the gaps

  • 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. The endorsement will typically add about $2,500 in business equipment coverage as well as some additional liability protection at an affordable price.
  • 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. A typical in-home business policy will provide $10,000 of business property coverage and a liability coverage limit of your choice, usually between $300,000 and $1 million. It will also provide limited coverage for loss of valuable documents, accounts receivable, offsite business property and use of equipment. These policies are considered to be affordable for most people with home offices, and provide more broad protection than an endorsement on your homeowners policy.

An independent insurance agent can help you determine how to best protect your home-based business.

How Much Does Window Shade and Blind Installation Service Insurance Cost?

Window shade and blind installation service insurance costs depend on the following factors.

  • 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, working primarily on small residential jobs, you can expect to pay far less for your business insurance than a company 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 window shade and blind installation services 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 Window Shade and Blind Installation Service 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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