All flooring business owners benefit from obtaining and maintaining the proper commercial insurance coverage necessary to adequately protect their company and also comply with concerning flooring contractors insurance requirements.
Having the right Floor Covering Installation commercial auto insurance as well as contractors general liability insurance coverage for your business will give you peace of mind so that you can fully focus on successfully growing your business.
Commercial general liability for Floor Covering Installation companies and contractors protects companies from claims made by other parties for personal injury or property damage. Having protection in case of lawsuits is critical for all companies. Commercial General Liability insurance provides coverage for a wide variety of issues including fire damage, false advertising claims, medical payments and business operations.
Most Floor Covering Installation companies only need basic commercial general liability coverage; however, certain industries require additional protective coverage such as product or professional liability insurance. Many companies choose professional liability insurance in addition to commercial general liability coverage which adds a blanket of protection that covers the neglect, error or omission of facts by a Floor Covering Installation professional individual or company employee.
Whether you install carpet, laminate, bamboo, or wood flooring, your business faces financial risks that it can cover with business insurance. Lawsuits, car accidents, and workplace injuries could cost your business tens of thousands of dollars, if not more. Without floor covering insurance, a single lawsuit could bankrupt your business. So How much does floor covering insurance cost? While costs vary, let’s look at some rough estimates based on what other business pay.