Wall Covering Contractor Insurance

A Guide to Wall Covering Contractor Insurance

How business insurance helps you protect your livelihood

Contractor is putting up wallpapers on the wall. Find wall covering contractor insurance.

Wall covering contractors help homeowners transform their homes by hanging new wallpaper or removing old wallpaper. They often hang or remove wall coverings in commercial locations like offices or restaurants, as well.

Wall covering contractors may work out of their homes, or in an office, or a retail space.

If you’re a wall covering contractor, you face risks like any business, and you also have some unique exposures. With the help of an independent insurance agent, you can find comprehensive business insurance to help protect you and ensure your business can thrive even when things go wrong.

Why Do You Need Wall Covering Contractor Insurance?

Wall covering contractors focus mostly on wallpaper installation and removal, and they may also offer other services like painting and drywall repair. Wall covering contractors must hang wallpaper to exacting standards; mistakes are unacceptable. Meanwhile, wallpaper removal is a tedious and messy process that can damage the underlying drywall or cement if not done properly.

Wall covering contractors may be sole proprietors or large companies with several employees and multiple work crews. Whether you work from home or have an office or retail space, you have a variety of risk exposures that can harm your business.

  • Slips, trips, and falls at your office or public space
  • Employee injuries
  • Damaging a customer's property
  • An employee causes a homeowner or another individual to be injured, whether at your office or at a job site
  • Damage to your commercial property (office space, inventory, etc.) caused by severe weather, theft, or vandalism
  • Lost, stolen, or damaged tools, paper supplies, and equipment
  • Auto accidents while driving for business purposes

Wall covering contractor insurance reimburses you for certain financial losses related to these kinds of problems.

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Liability Insurance for Wall Covering Contractors

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, and attorney fees, court costs, settlements, and judgments.
  • Commercial auto insurance: Covers your business-owned 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.
  • Commercial umbrella insurance: Can cover you for claims that exceed the limits of your other liability policies.

An independent insurance agent can help you customize these policies for your unique needs.

Property Insurance for Wall Covering Contractors

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 tools, equipment, supplies, and materials while they are in transit and while they are at a job site.

Talk to an independent insurance agent who can help you decide which of the following types of policies you need to protect your business 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 property loss.
  • 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 that are damaged before you can do it.

Talk to an independent insurance agent about your need for these and any other insurance policies that can protect your valuable commercial property.

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What Is a Business Owners Policy? 

You may be eligible for a discounted 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 factors such as:

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

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

Other Insurance Policies for Wall Covering Contractors

Talk with an independent insurance agent about your need for other types of wall covering contractor insurance, such as the following coverages.

  • Employment practices liability insurance: Protects you if an employee sues you for discriminatory employment practices.
  • Workers’ compensation insurance: This is required for nearly any business that has employees. It protects your employees from the costs related to work-related illnesses or injuries, and it prevents you from being sued in these cases.
  • Cyber liability insurance: Protects you from the risks associated with cyberattacks, data breaches, viruses, and other cyber-related issues. This coverage is essential if you keep electronic files, communicate electronically, or simply take credit card payments from your customers.

Considering these and other wall covering contractor insurance policies will help to ensure that you have no gaps in your coverage.

Coverage for Home-Based Wall Covering Contractors

If you are a home-based wall covering contractor, or if you work out of your home 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.

Here are some options to make sure that your home-based business is covered.

  • 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.
  • 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 independent insurance agent can help you find the right way to cover your home-based small business.

How Much Does Wall Covering Contractor Insurance Cost?

Insurance for wall covering contractors can range from several hundred dollars per month to thousands. It depends on these 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 that you have
  • The size and scope of the projects that 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 paperhanging 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 wall covering contractors 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 Wall Covering Contractor 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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