Flooring Contractors install, repair, and maintain floor surfaces in residential and commercial structures.
Floor covering installers spend a majority of time kneeling with tools that could result in serious injury if an accident were to occur.
This specialized trade requires installers to transport heavy material throughout the job site leading to serious bodily injury.
These tradesmen should consider a flooring contractor’s insurance package to protect them financially when incidents emerge.
Fairbanks Insurance Brokers recommends General Liability, Workers’ Comp, Tool Coverage, Commercial Auto, and Surety Bonds to create a hedge of financial protection around you and your business.
Contractors’ General Liability insurance provides financial protection if your business is held responsible for an injury or property damage to a third party.
The policy pays for defense expenses, settlement costs, and judgments awarded by the court.
Flooring contractors’ workers’ comp will protect your employees if they are injured or become ill from a job-related incident.
Workers Compensation will also help pay for medical expenses, lost wages, and funeral expenses.
Since floor covering contractors have a significant risk of getting injured on the job, most licensing boards require a contractors’ workers’ comp policy with the minimum mandated limits.
Most states require your floor covering business to hold a license or contractor’s surety bond before you can bid on a project or begin working.
Your contractor’s bond is a financial guarantee to your state’s licensing department and your customer that you will complete the job according to your bid.
Your commercial auto insurance will protect your business if you or an insured driver are found liable for an at-fault accident.
A flooring contractor’s commercial auto policy also provides coverage for the work vehicles damaged in an accident, stolen, or vandalized.
Also known as Contractor’s Tool and Equipment insurance, this crucial coverage will reimburse your business if your tools or equipment are damaged or stolen while at a job site, transported, or in storage.
--Coverage Type--General LiabilityWorkers CompSurety BondsCommercial AutoInland MarineGeneral Inquiry
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