As a permanent yard, you know that different yards provide different services – from product and equipment storage to equipment repair and maintenance to coordinating the transportation of that equipment or other materials. This means that, when it comes to insuring your workers and the permanent yard operation you manage, the ability to customize your small-business insurance plan is essential.
Not all insurance providers understand the day-to-day responsibilities of a permanent yard contractor – so be prepared to meet some insurers who aren’t quite sure what kind of contractor liability insurance you require. Fortunately, skyscraper insurance agents are experts in both small-business operations and the insurance needs of contractors in your field.
However, if you choose to store something in a location other than your home, you may need to get insurance specifically for your storage unit. Once you remove things from your house and store them somewhere else, they usually are no longer protected under your homeowner’s or renter’s policy.
Although not legally required, some places will not let you rent a storage unit without it. For only a few dollars a month, you can know your belongings are protected.
Some self storage facilities have made it easier for renters by offering their own insurance policies. This type of policy typically covers only $2,500-$5,000. There may not be a deductible, but rates are higher and coverage is lower. It is usually very basic coverage, as well. Certain items and types of damage may not be covered. The cost is usually higher than if you were to insure your storage unit through an insurance agency.
This type of insurance will have a much higher coverage amount than what the self-storage facility will offer. It will insure a higher dollar amount of valuables and also protect against damage that the other insurance might not. Most independent companies offer up to $15,000 of coverage for about $20-$25 per month. Smaller amounts of coverage also are available.
Construction and contracting occupations involve some of the most diverse and risky work. Some contractors and construction businesses have storefronts that clients can visit, and if clients get hurt on the property, their medical bills could become the business’s responsibility. Others install drywall or kitchen cabinets in homes and could be held liable for the products that cause physical harm.