Make sure that your painting business has the right commercial coverages in place.
No matter if you are a sole-proprietor painting contractor or a multi-person painting company, it’s important that you have the right painters insurance to protect against the many professional risks that you and your business face. Luckily, there are many commercial coverage options that can be tailored to your business’s individual needs. Here are some of the ways that you can secure the coverage that your painting business needs the most.
Business Owners Policies (BOPs)
A BOP is a single commercial insurance policy that combines the most essential business coverages. For instance, BOPs generally bundle together commercial property, general liability, and business interruption insurance. Not only do BOPs make your insurance easier to manage, but they also allow for a high-degree of customization. This will allow you to secure the right coverage to fit the size and scope of your painting company. Additionally, when you secure a BOP you generally have the ability to add on extra coverages that your business might need. Common policy additions include cyber liability insurance and professional liability coverages.
Contractors Tools and Equipment Insurance
As a painting contractor, you require the use of specialized tools and equipment. This equipment can be extremely expensive and replacing damaged or stolen tools might not be in your business’s budget. This is why you need to protect your equipment with the right contractors tools and equipment insurance. This type of policy will ensure that you receive the compensation that you need to quickly repair or replace damaged or stolen equipment, so you can get right back to work.
These are some of the essential coverages that your painting company cannot afford to overlook. Do you have additional questions about how you can secure the specialized painters insurance that you need? Then don’t hesitate to turn to the professionals at Artisan Insurance Solutions for assistance today.