Any tile and terrazzo contractor knows that their job is equal parts construction contractor and artist. Whether you install tile floors, counter tops, backsplashes, fireplace surrounds, or exterior tiles, you work closely with other construction contractors and are a vital part of adding the beautiful finishing touches to any project.
But not every project goes according to plan, and risks are all around you.
Worse yet, you could do your work exactly as promised, but still be sued for some type of failure or error by a cranky homeowner who can’t be pleased. For these and many other reasons, you need tile and terrazzo contractor insurance to protect your livelihood at times when things go wrong.
Whether you work with tile, stone, terrazzo, or other materials, you take great pride in your work. You 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 tile and terrazzo contractor insurance to protect your assets when:
Tile and terrazzo contractors face risks from all sides. You can run into trouble at your showroom, in a customer’s home or commercial building, driving to and from a job site, while you’re working, or after a project is completed.
You likely have multiple employees doing work in various locations. They may drive your trucks, use your tools, and perform work in your name. Accidents can happen, property can be damaged, and people can get hurt.
Any time you perform work for and around the general public, you face serious liability risks. 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 insurance policies can help.
You probably have at least one, if not more, trucks or work vehicles that you use to transport tools, equipment, and employees to and from job sites.
Talk to your agent to see if you need excess liability coverage, which acts as an add-on to the liability limits in your CGL, commercial auto, and other business liability policies.
In addition to protecting your clients when things go wrong, you need to protect your own property. If you have a shop, office space, or 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 tools, equipment, and materials (tiles, grout, other supplies) while they are in transit and while they are at a job site.
Talk to an independent insurance agent. They can help you decide which of the following types of policies you need to protect your business property.
Keeping your employees safe form workplace injuries and illnesses should be a top priority. Worker injuries can be debilitating, costly, and lead to decreased productivity and time away from work. Excessive workplace injuries can be financially devastating for your business.
Workers’ compensation coverage is required for most employers. 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. If an employee cuts his hand while installing tile, work comp pays for medical expenses whether the employee was careless or you provided a faulty tool.
An experienced independent agent can help you learn about the workers’ compensation requirements in your state.
Insurance for tile and terrazzo contractors can range from several hundreds of dollars per month to thousands. It depends on such things as:
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 large tile contractor with a showroom, multiple employees, and the ability to work on large industrial or commercial projects.
Ultimately the types and amounts of coverage you need to adequately cover your risks will dictate the cost of your coverage.
An independent agent can work with you one-on-one to determine the types and amounts of coverage you need. Your agent can get quotes from multiple insurance companies so you can evaluate the cost and coverage options and make the best choice.
Our agents simplify the search process for finding the right tile and terrazzo contractor 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.
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 agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs.