Flooring contractor insurance to protect your assets and your future.

Flooring contractors contribute functionality and aesthetics to every room they touch. From remodels and repairs to new construction, every building needs floors. Tile, hardwood, linoleum, carpeting—regardless of the materials used, some risks necessitate flooring contractor insurance for your business.

Your business needs specialized flooring contractor insurance.

You run a unique business, which is why you need specialized flooring contractor insurance. First, consider a general liability insurance policy. This type of coverage offers financial protection for instances such as someone getting hurt on your property or accidental damage to someone else’s property while on the job. Also, this coverage is essential if you have a flooring showroom where you receive visitors.

Protection for the unexpected.

No flooring contractor would choose materials they suspected to be faulty or subpar. However, sometimes things go wrong in manufacturing, or items become compromised. Product liability insurance can help protect you from this risk. For example, clients can hold you liable if someone is hurt or property damage occurs due to the materials and supplies you use. Insurance agents often include product liability insurance in your insurance protection plan, but it’s always a good idea to make sure.

Insurance for your business, wherever it may go.

The floors you install may be stationary, but your business certainly isn’t. As you travel from one job site to another, you need business auto insurance to provide coverage in the event of a collision. This insurance may pay for third-party damage to property or bodily injury caused by you or an employee. Also, if employees use their cars or you rent vans or trucks on occasion, consider hired and non-owned auto insurance as well.

Commercial property insurance for your building and its contents.

Your business may have a large warehouse, a storage facility, or a small administrative office. Regardless, you need to protect your space and what’s inside. To illustrate, even a small fire can devastate a structure, leaving your business unable to operate and financially wiped out. A commercial property insurance policy would help protect your business and recover from covered damages.

Protect your tools, equipment, and supplies.

Flooring contractor insurance for tools, equipment, and supplies protects you from the financial risks you face if these items are lost, stolen, or damaged. Your commercial property insurance policy should provide coverage for when these items are on your premises. Similarly, inland marine insurance would provide coverage should the loss occur while in transit. The general contractor’s builders’ risk policy may cover damaged items or equipment on a job site. Still, again, you’ll want to verify that you’re covered everywhere your items go.

Don’t forget the business side of your operation.

Some insurance policies can benefit all industries, and you should consider incorporating them into your flooring contractor insurance program. For instance, extra expense insurance can provide funds to temporarily relocate your office or showroom if it becomes inaccessible for specific reasons. If you keep client information in a computer system, a cyber liability insurance policy could be helpful in the event of a data breach. Workers’ compensation insurance is likely required where you operate, but it’s vital given the physical nature of your work. Finally, employment practice liability insurance may help pay for defense costs if you’re sued by someone claiming discrimination.

If you want flooring contractor insurance for your business, contact us to learn more today.

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