Typically, for small to mid-sized painting companies, standard forms of coverage are bundled into a business owners policy (BOP), but you will need additional standalone policies to fully protect everything you have against a number of unique risks. a half-can of burnt sienna through the window knocking down a big screen TV. Crazy, right?
This makes having the right coverage pretty important. Our independent agents can walk you through the ins and outs of painters insurance to make sure you have the protection you need.
Boiled down, painters insurance includes many types of coverage that will protect your business from claims of bodily injury or property damage to clients or employees. It’s put in place to keep your business up and painting when bad stuff happens.
Typically, for small to mid-sized painting companies, standard forms of coverage are bundled into a business owners policy (BOP), but you will need additional standalone policies to fully protect everything you have against a number of unique risks.
A business owner’s policy will usually include the following:
Standalone policies to consider adding can include the following and more:
Pretty much every painting company. There are too many risks involved in day-to-day operations and having the proper coverage can keep you from facing financial ruin.
Commercial painters are not the only ones who should have coverage in place. Businesses that do work in addition to painting, like demo, construction and remodeling can still benefit from the policies mentioned above.
The cost of painters insurance will depend on the amount of coverage and a number of other factors like size, location, number of vehicles and state regulations. Whether you paint interior or exterior can also affect the cost.
For example: If you’re a small to medium business owner, general liability coverage can range anywhere from $400 to $1000 a year. Workers compensation for painters costs an average of $8.99 per $100 of employees’ wages, while commercial vehicle insurance can range anywhere from $800 to $2,000.
Insurance policies can be complex, searching through options can be confusing, time consuming and frustrating. An independent agent's role is to simplify the process. They’ll make sure you get the right coverage and will break down all the jargon and so you understand exactly what you're getting.
Our awesome agents will review your needs and help you evaluate which type of painting insurance makes the most sense for your business. They'll also compare policies and quotes from multiple insurance companies to make sure you have the best protection in place.