6 Must-Have Handyman Insurance Policies

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6 Must-Have Handyman Insurance Policies

As a handyman business, it’s essential to have the right insurance in place for peace of mind and financial security.

Make sure you consider all aspects by looking into these six coverage options important for any home-services provider! General liability is just the starting point; workers’ compensation can help protect your employees from workplace injuries or illnesses, while commercial auto coverage takes care of vehicles used on company time – plus three more policies that cover those hard-to-be-prepared situations.

Get your protection locked down now so you’re ready should something unexpected come up later!

handyman insured for concrete work

handyman working in concrete with insurance policy protection

1. General liability insurance – The must-have handyman insurance coverage

General Liability coverage is the most essential business owner’s policy for handymen and construction businesses. This type of insurance can cover a variety of claims, including bodily injury, property damage, and advertising injury.

If a handyman’s work causes any kind of harm to another person or their property, General Liability Handyman Insurance can provide the financial protection needed to protect against such claims. Not only does it protect handyman contractors from legal costs associated with settling a claim, but also from possible financial ruin if that claim was to exceed the handyman’s assets.

Minimum Coverage Requirements

Handymen should have at least a minimum of $500,000 in basic general liability coverage. This will give them the protection they need if someone were to sue them for damages or injuries related to their work.

Additional Coverage Options

Personal and advertising injury protection can also be added to a handyman insurance policy, depending on the specific needs of each business. Personal injury protection provides additional financial protection against claims that may arise if a handyman’s work causes someone emotional distress while advertising injury protection helps cover libel, slander, or copyrighted material infringement claims related to promotional materials distributed by the handyman’s company.

Avoid Expensive Mistakes

Working without any kind of handyman insurance can be an expensive mistake. Not only could it result in costly settlements and/or penalties, but it also exposes handymen to potential lawsuits with no protection if they are found liable for an accident or injury caused by their work. Furthermore, some construction sites require contractors to carry certain levels of handyman liability Insurance before allowing them on the premises. Failing to meet these requirements can lead to hefty fines and/or loss of contract opportunities down the road.

Overall, having proper handyman liability insurance is essential for any handyman business looking to remain successful over the long term since it not only shields them from potential liabilities but also helps ensure that they can continue providing quality handyman services with confidence into the future.

In conclusion, a handyman liability insurance policy is a must-have for handyman businesses as it not only helps protect against losses related to accidents or injuries but also gives handymen peace of mind knowing that if something were to happen while on the job they would have some form of financial backup plan in place.

Pro Tip: Be Aware Of These Exclusions

  • Professional Services: Most policies exclude coverage for professional services such as supervision, inspection, quality control, and architecture are not covered and if something goes wrong; unfortunately your policy will not be able to help you.
  • Damage to property: Coverage does not provide coverage for claims made against your business due to damage or destruction of property owned by the business.
  • Contractual Liability: If you are sued by someone who you have a contract with, your insurance will not cover those damages. This is an important exclusion to be aware of, as it can leave you liable for any damages that may be awarded in a lawsuit.
  • Limited Coverage for Advertising Injury: Finally, another exclusion to watch out for is that it has limited coverage for advertising injury. This means that if you are sued because of something you said or wrote in your advertising, your insurance will only cover a portion of the damages. This is an important exclusion to be aware of, as it can leave you liable for a significant amount of the damages that may be awarded in a lawsuit.
handyman with general liability insurance fixing kitchen sink

handyman protected by general liability insurance while fixing a kitchen sink

2. Commercial auto insurance – protecting your vehicles from accidents or theft

Having business vehicles for a handyman business means that you need the appropriate commercial auto insurance. This type of insurance is essential to protect your business from any damage or loss caused by accidents, theft, or other unfortunate events. Not only does it keep your business safe and secure, but it ensures that all business purposes are covered under the policy.

Understanding your options

When choosing a commercial auto policy for your handyman business, it’s important to understand all the available options and determine which ones best meet your needs. For example, Comprehensive coverage protects handymen from losses due to events other than an accident such as fire, theft, or vandalism. Uninsured/Underinsured Motorist coverage can help offset costs associated with an accident involving another driver who does not carry enough coverage to pay for damages incurred by the handyman’s vehicle. Additionally, Personal Injury Protection (PIP) pays for medical expenses related to bodily injury caused by an automobile accident regardless of fault.

Having the right coverage in place helps handymen protect themselves financially against unexpected incidents involving their vehicle(s). Understanding all available coverages and selecting those that best meet your handyman business’ needs will ensure you’re properly protected in case of an emergency. Don’t let insufficient protection leave your handyman business vulnerable; make sure you have adequate commercial auto insurance in place today!

Kandymen should have auto insurance to protect against car collisions

Auto insurance critical for handymen in case of car accidents

Top 5 Commercial Auto Insurance Options

1. Liability Coverage

Liability coverage is the most basic type of coverage available for commercial auto insurance. This type of coverage protects you from financial responsibility if your vehicle causes damage or injury to another person or property.

2. Collision Coverage

Collision coverage helps to pay for repairs to your vehicle if it is damaged in an accident. This type of coverage is typically optional but may be required by your lender if you have a loan on your vehicle.

3. Comprehensive Coverage

Comprehensive coverage helps to pay for repairs to your vehicle if it is damaged by something other than an accident, such as theft, fire, or vandalism. This type of coverage is typically optional but may be required by your lender if you have a loan on your vehicle.

4. Medical Payments Coverage

Medical payments coverage helps to pay for medical expenses incurred by you or your passengers in the event of an accident. This type of coverage is typically optional but may be required by your state.

5. Uninsured/Underinsured Motorist Coverage

Uninsured/underinsured motorist coverage helps to pay for damages caused by an uninsured or underinsured driver. This type of coverage is typically optional but may be required by your state.

Handyman auto insurance protects against car theft and accidents

Auto insurance for handymen protects against car break-ins and accidents

3. Inland marine coverage in handyman insurance policy: protects your tools wherever you go

The tools and equipment used by handymen form an important part of their business. As such, it is essential to have coverage in place to protect them against theft, damage, or other losses. Inland marine insurance is specifically designed for this purpose and provides tools and equipment coverage to help safeguard the livelihood of a handyman.

Whether they are transporting their tools to a job site, operating in remote locations, or simply storing them away in the garage, handymen need a comprehensive insurance policy to protect their investments no matter where they are.

The term “inland marine” refers to physical property that insures damage or theft when transported over land or water. It can also be used to protect handymen’s tools and equipment when stored in offsite locations such as warehouses, garages, and job sites.

This type of coverage is important for handymen because it covers losses caused by unexpected events whether your tools were on-site with you or at an alternate location.

Inland marine insurance typically provides handymen with protection against a variety of risks such as fire, vandalism, theft, and other perils. Depending on the policy you choose, this coverage may also include extra benefits like replacement costs for damaged items and liability protection if someone is injured while using your tools.

Having the right equipment insurance is essential for handymen So don’t leave your equipment unprotected–make sure you have an adequate inland marine policy in place today!

Inland marine insurance protects handymen's tools on the job

Handyman with inland marine insurance for protection of tools on the job

4. Workers’ compensation insurance – protecting your employees from injury or illness

Whether you operate independently or hire employees, workers’ comp is an important business owners policy designed to protect handymen and their employees from injury or illness sustained while performing their duties. It covers medical costs, lost wages, and other costs related to unexpected illnesses or injuries that may occur on the job. The goal of workers’ comp is to provide handymen and their employees with financial security if an unforeseen accident happens while on the job.

Covering costly medical bills

Having workers’ comp in place is essential for handymen because it can help cover medical bills associated with workplace accidents, rehabilitation costs, and even financial losses caused by temporary or permanent disability. In some cases, handymen may also be able to cover lost wages if an employee cannot work due to injury or illness sustained while performing his/her handyman duties. In some states, this type of insurance may even provide death benefits to family members of a handyman employee who dies as a result of a workplace accident.

Potential legal actions against you

Unfortunately, many handymen are unaware of how important it is to have adequate workers’ compensation coverage in place. Without proper coverage options, handymen could be held liable for all medical bills and other expenses related to any work-related injury or illness which could prove costly for their business over time. Furthermore, failing to secure the necessary coverage can put handymen at risk of legal action from injured employees or their families if they attempt to collect damages from an uninsured handyman business.

State Ran Program Options

Fortunately, obtaining workers’ compensation coverage is easy; most states have programs available for small business owners that need assistance getting started with the process. By understanding your state’s policies and requirements you can make sure your employees are covered should something happen during their handyman duties. Protecting your handyman business and its employees through Workers’ Comp will give you peace of mind knowing you have done your best to keep everyone safe!

Top Inland Marine Exclusions

  1. Defective material or workmanship
  2. Losses resulting from the insured’s intentional acts or omissions
  3. Property damage due to war, hostilities, or nuclear risk
  4. Losses from the ownership, operation, maintenance, or use of any aircraft or watercraft
  5. Pollution and contamination
  6. Losses caused by governmental action, orders, regulations, or insurance
  7. Losses arising out of any dishonest acts committed by anyone associated with the insured’s business
  8. Losses caused by wear and tear, deterioration, atmospheric conditions, vermin, mold, insects or animals
  9. Losses due to confiscation, seizure, detention, and destruction by order of a governmental authority.
Workers compensation insurance protects handyman and employees on the job

Workers compensation insurance crucial for handymen and employees on the job

5. Professional liability insurance – covering any errors or omissions and advice given by your business

Professional liability insurance is an important policy that covers any errors or omissions in the advice given by handymen as part of their business operations. It is designed to protect handymen from any financial losses resulting from not providing accurate, professional advice to customers.

Are you providing consulting and/or advisory services to any projects or homeowners?

This type of insurance is especially important for handymen since they provide service and advice related to home improvement projects. In addition, handymen are often consulted on the cost of materials and labor associated with a project and they must be sure to make accurate estimates to avoid any potential legal disputes or costly lawsuits that could arise if a customer feels they have been wrongly advised. In addition to covering potential financial losses incurred due to negligence in the advice given by handymen, this type of insurance also provides handymen with protection against libel, slander, and other types of insurance claims.

Combatting the worries of legal accountability

Professional liability insurance can often cover legal fees and damages awarded to the customer if they are successful in their lawsuit against the handyman. This can provide handymen with valuable protection so that they can operate their businesses without fear of being held liable for any mistakes made on the job.

Examine your options and make an educated decision.

While professional liability coverage can help provide handymen with much-needed protection, they need to understand exactly what their policy covers and how it works before signing up for coverage. To ensure maximum coverage, handymen should research various policies available and compare different levels of coverage offered by each company before deciding which policy best meets their needs. By doing this, handymen will have peace of mind knowing that if anything unexpected happens—they won’t be left holding the bag financially!

Handyman with professional liability insurance protected on the job

Professional liability insurance essential for protecting handymen and their business on the job

6. Handyman Bonds – Protecting Your Business with a Quality Bond

Bonds are essential for protecting businesses against potential losses and liabilities that may be incurred due to the Handyman’s failure to meet the terms of an agreement or contract. These bonds typically guarantee projects will be completed on time, within a specified budget, and by the job specifications.

Contract Coverage:

A construction bond is a type of surety bond that provides coverage for any breach of contract by a contractor or subcontractor. If the contracting party fails to fulfill their obligations as stated in the contract, then the surety provider can step in and cover any financial damages or losses incurred by the client. The bonding insurance company agrees to pay out a certain amount of money if they determine that there has been a breach of contract on behalf of the contractor.

Attracting More Customers:

In addition to protecting against potential losses due to non-performance or malfeasance by contractors or subcontractors, having a surety bond in place can also help attract more business from bigger clients who prioritize working with trustworthy contractors only. A surety bond signals strength and reliability which gives clients additional peace of mind about hiring you for their projects.

Choosing an insurance agent with a focus on construction is critical:

When shopping for contractor bonds it is important to make sure you work with experienced professionals who understand your specific needs and know how to get you set up with the right solution that fits your budget without compromising on quality coverage. It is also important to find providers who offer competitive rates without sacrificing service quality since most contractors don’t need coverage for an entire year but only for certain projects/periods throughout their careers as independent contractors or subcontractors.

Calculating The Costs?

The cost associated with getting bonded varies depending on several factors such as the type and scope of work being performed, size of the project, number, and complexity of contracts, financial stability and creditworthiness of the applicant, prior claims history (if any), and other factors determined by underwriters at bonding companies. Generally speaking, contractors should expect to pay between 1-5% of their total yearly contract volume when obtaining contractor bonds.

Investing in your future:

By taking all necessary steps towards becoming bonded, you are making an investment in your future success as well as that of your clients who rely on your skill set and expertise when selecting you as a service provider.

Attract More Confident Clients:

By investing in quality contractor bonding services you can demonstrate your commitment not just towards completing projects but also towards meeting high standards of ethical conduct and professional integrity which is essential for gaining trust amongst clients and building a reputation over time among fellow professionals in your industry sector.

Popular Bond Types for Handyman

  1. License/Permit/Other Compliance Bonds
  2. Surety bonds
  3. Performance Bonds
  4. Payment Bonds
  5. Maintenance Bonds
Being bonded is essential for handymen to protect themselves and their clients on the job

Handyman bonding insurance protects against unexpected issues on the job

Consider These Tips Before Purchasing Your Next Policy!

Tip 1: Attention Online Shoppers: Be Cautious!

Before making an online purchase of insurance, it is essential to understand the coverage and security your policy provides. To ensure you get comprehensive protection for all that your business requires, be sure to consult a knowledgeable and reliable insurance agent and never purchase anything.

Tip 2: Is The Agent Knowledgeable About Handyman Insurance?

Research insurance companies that specialize in the construction, handyman work, and contractor industries. Consider their years of experience and customer satisfaction ratings.

Tip 3: Find Savings Through Bundling

If you’re looking to save on insurance costs, inquire about any discounts or bundle offers available. For instance, consider an umbrella policy that combines general liability and professional coverage into one package for extra savings!

Tip 4: Watching Out For The Hidden Exclusion

Make sure to take your time and read every detail of the paperwork before signing any document. Ensure that you thoroughly comprehend all exclusions, deductibles, limits, etc., before making a definitive choice on which insurance company is right for you.

Handyman with complete insurance coverage protected on the job

All-inclusive insurance crucial for handymen to protect themselves and their business on the job

Save money and avoid costly lawsuits by purchasing the right small business insurance for your handyman businesses

When it comes to protecting your handyman business, having the right insurance coverage is essential.

It is important to purchase the right type of small business insurance for your handyman business. Not only does it protect your tools, materials, and reputation, but it can also help you save money in the long run by protecting you from costly lawsuits or accidents that happen on the job.

When you decide to purchase coverage for your handyman business, look for an affordable policy that covers the types of risks you face as a professional. Make sure to research different policies and compare quotes so that you can determine which one offers the most comprehensive coverage at a reasonable price. Additionally, purchasing multiple policies may be worth considering if doing so offers better protection than one single policy would.

With the right insurance policies, you will be well protected from potential liabilities. Having the peace of mind that comes with a comprehensive insurance policy for your handyman business can help you focus on serving your customers and growing your business without worrying about unexpected financial costs or legal trouble. Investing in proper coverage for your handyman business is an important step toward success.

Right business insurance crucial for handymen to protect themselves and their clients on the job

Having the right business insurance ensures protection for handymen and their clients on the job

Unlock the protection your business needs by starting a proper insurance plan today!

At Citizens General Insurance Brokers, we understand the importance of finding the best handyman insurance companies that offer tailored options to meet your specific business needs. We have been in the industry since 2011 and are proud to save our clients money by connecting them with the best handyman insurance providers for their situation.

Our team of knowledgeable professionals that specialize in Cons can help you compare various policies so you can make an informed decision when choosing your insurance provider. With our expertise and assistance in the construction space, you can be confident that you will be getting the right coverage at a price that fits within your budget.

Don’t wait any longer – Get your Handyman Insurance quote today call us at 800-498-0884 for a Free over the phone quote!

 

Construction Insurance

How To Reduce Workplace Injuries On The Construction Site

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The construction industry is high risk; ask the men and women who ply their trades and skills every day in environments filled with hazards. Moving equipment, hazardous chemicals, electrical equipment, working from extreme heights — it all can lead to accidents or injuries.

Construction Safety Week shines a spotlight on the importance of reducing and avoiding accidents and injuries for the men and women who work in this high-risk industry. In honor of Construction Safety Week, we’ve assembled some expert advice and tips on how you can reduce injuries in the workplace.

Have a Safety Program

If you’re an employer in California, you must have an Injury and Illness Prevention Program (IIPP) in place. A Cochrane study found that regulation alone isn’t necessarily effective in reducing non-fatal and fatal injuries in construction workers, but additional strategies such as safety campaigns and drug-free workplace programs do have an effect in reducing injuries in the long-term.

Increase the impact of your IIPP by incorporating regular safety campaigns/ events and a drug-free workplace policy.

Implement Drug Testing Programs

The US Department of Labor has reported that 65% of on-the-job-accidents and 38%- 50% of all workers’ compensation claims are the result of alcohol and drug abuse in the workplace. Drug testing programs provide a powerful deterrent to drug use on the job.

A survey of human resource professionals stated that companies with high workers’ compensation incidence rates reported a 57% improvement in workers’ compensation claims after implementing drug testing programs.

Incorporate a drug free workplace program with your workplace safety plan to reduce unnecessary risks and reduce injuries on the work site.

Wear Personal Protective Equipment

Personal Protective Equipment (PPE) is essential for many jobs on a construction site. Hard hats protect heads from falling or flying objects, safety boots protect toes and feet from being run over or from falling objects, protective eyewear protects eyes from chemicals and flying objects, and so on.

Stay up to date on OSHA requirements for PPE and ensure your employees are trained and encouraged to wear the proper equipment for the jobs they do.

Inspect (and Respect) Tools

Hand tools and power tools can be hazardous on a work site. Be sure to inspect and maintain these tools before use. According to CA State Fund, here are some things to check for when using these tools:

  • Hand Tools
  • Proper fitting handles without splits, cracks, or tape holding the handle together.
  • Metal parts with wear and tear, which can prevent the tool from working properly.
  • Power Tools
  • Frayed or damaged plugs can be an electrical hazard
  • Wet or slick areas when using power tools can cause electrocution Use Ground Fault Circuit Interrupters (GFCI)

Keep a Clean House

Housekeeping can go a long way in keeping the worksite safer for everyone. According to CCOHS (Canadian Centre for Occupational Health and Safety), poor housekeeping can be a cause of accidents, such as:

  • tripping over loose objects on floors, stairs and platforms
  • being hit by falling objects
  • slipping on greasy, wet or dirty surfaces
  • striking against projecting, poorly stacked items or misplaced material
  • cutting, puncturing, or tearing the skin of hands or other parts of the body on projecting nails, wire or steel strapping

To avoid these accidents, implement a clean as you go policy for the workplace. Take responsibility for keeping your work area clean and hazards removed or covered whenever possible.

Have a Plan

No matter how much you train your employees and create a culture of safety, accidents can and will happen. That’s why it’s so important to have an emergency plan in place in the event of an accident or injury on the construction site.

  • Train all workers and employees on basic first aid and CPR
  • Have contact information available for emergency services and management
  • Place first aid kits in readily available locations

Every worker should know how to act and what to do in the event of an accident.

Construction Safety Week may be held each year, but safety on the construction site should be emphasized every day. One in five work related fatalities every year occur in the construction industry. By making construction safety a priority, you can keep yourself and your workers safe on the work site and reduce the risk of accidents and injuries.

5 Things Your General Liability Insurance Doesn’t Cover

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Whether you run a bakery, a barber shop, or a large construction firm, general liability insurance is one of the most important insurance policies you can invest in. Liability insurance is so important it’s considered the foundation policy for every business insurance coverage. It protects you from lawsuits resulting from a wide range of incidents, including:

  • Bodily injuries
  • Property damage
  • Advertising injuries

While this broad policy covers a lot, it’s important to know what it doesn’t cover.

5 Things Your General Liability Insurance Doesn’t Cover

When you’re aware of the gaps in your policy, you can take action to be sure you’re not leaving yourself exposed to unnecessary risks which could cost you big in the long run.

Damages To Your Own Property

General liability insurance does cover property damages, but only under specific circumstances. General liability insurance is designed to protect you from third-party lawsuits, which means it only covers damages to your property by an outside party, like a customer.

If you or one of your employees drives a tractor through your own window, your general liability policy typically won’t cover it.

Bummer.

Intended Damage

Because your policy only covers third-party damages, it doesn’t cover intentional damage done to your own product or property by you or one of the insured parties on your policy (like a subcontractor or employee).

Let’s say your best employee is having the worst day ever. In a moment of uncharacteristic anger, he takes his frustrations out in the worst way possible – by hurling a wrench through someone’s window.

Normally, damage to someone else’s property that is your (or your employee’s) fault would be covered under your general liability policy. But not in this case. Because intentional damage is never going to be covered by any insurance policy.

It’s important to make sure you conduct yourself professionally, don’t intentionally cause any damage to anyone’s property, and to ensure your employees follow the same guidelines.

Employee Injuries

General liability insurance may not cover accidents resulting in injuries to your employees, only accidental third-party injuries. For example, if a customer slips and falls in your restaurant, general liability can cover it. If one of your waitresses slips and hurts herself, however, your policy may not be able to cover her medical expenses or a potential lawsuit.

To keep your employees safe, it’s important to have workers compensation insurance in addition to your general liability insurance. In fact, in most states you’re legally required to have workers comp if you have employees.

Vehicles

Your general liability insurance policy will typically exclude any vehicles used for your business. Furthermore, if you use your personal vehicle for work purposes, your personal auto insurance might not cover damages that occur while your vehicle is being used for work purposes, either.

Whether you have a fleet of pizza delivery vehicles, or one truck for hauling tools to construction sites, you’ll need commercial auto insurance to cover vehicular accidents.

Professional Errors

It’s important to remember that general liability insurance doesn’t cover professional errors made by you or your employees. This means that general liability typically won’t cover faulty workmanship or lawsuits over poor advice given to a customer. For professional mistakes, you’ll need a different type of coverage, professional liability insurance.

While general liability insurance protects you from lawsuits resulting from a variety of types of accidents, there are certain events most general liability policies don’t cover.

It’s important to remember that your general liability policy covers accidental damages leading to a lawsuit from a  third-party. Relying solely on your general liability insurance will leave you with gaps in your coverage that can become expensive if you or an employee cause damage to your property.

Does Your General Liability Insurance Cover Faulty Workmanship?

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You take pride in your work, never cut corners, and strive for perfection in every project. But sometimes things don’t always go right: an improper installation, a defective product, or a clumsy mishap that results in damage. If something does go wrong in your work, you may find yourself asking:

Is faulty workmanship covered under your general liability policy?

Faulty Workmanship:
The flawed quality of a finished product; a flawed process.

General Liability and Faulty Workmanship: Covered or Not?

The overall purpose of a general liability policy is to pay if you are legally liable for damages because of bodily injury or property damage caused by an occurrence.

The purpose of the liability policy is to protect you from an accidental occurrence that leads to property damage, and not to protect contractors who decided to perform less-than quality work.

Which is why — in the past– most contractor generally liability (also known as CGL) policies have been written with certain exclusions in place that prevent faulty workmanship from being covered.

Common CGL exclusions against faulty workmanship include:

Damage to Property

A clause that excludes property damage that takes place while the named you (or your subcontractor) is in the process of performing work. For example, if you were performing work on a roof, and accidentally damaged the roof with a scissor lift, the property damage would not be covered because you were performing work on that part of the real property (the roof).

This clause also excludes property damage that must be fixed because your work was improperly performed. Like if you were installing flooring, and discovered halfway through the project that you had installed the wrong wood. The cost to rip it up, start over, and repair damage to the subflooring is excluded by your CGL policy.

Damage to Your Work

A clause that excludes coverage for property damage resulting from defective workmanship, including completed work that damages itself, or property that must be restored, repaired, or replaced because work was incorrectly performed on it.

If a cabinet was installed incorrectly, coming loose and damaging the wall it’s attached to, the Your Work exclusion would mean the cost of repairing the wall and re-installing the cabinet isn’t covered by your CGL policy. When damage is a result of completed work performed by you and/or your employees, you could be left paying for the mistake.

General Liability Insurance Now Offers Contractors Added Coverage for Workmanship Claims

Citizens General can now offer contractors a new option to protect themselves from faulty workmanship claims. We have a unique endorsement available for contractors which adds Contractors Faulty Workmanship Coverage to a CGL policy.

When you add Faulty Workmanship coverage to your CGL policy, you can protect yourself and your clients against claims arising out of faulty workmanship, materials, and products that would normally be excluded in your policy. The endorsement offers $10,000 worth of coverage at an extremely affordable cost.

Two Times Faulty Workmanship Coverage Saved the Day

Here are a few real-life contractors who benefitted from adding this endorsement to their CGL policy.

“Rick” is a paving contractor who was hired to cover a parking lot with asphalt. After the surface appeared to be crumbling two months after installation, the client filed a claim. Luckily, Rick had Faulty Workmanship Coverage added to his general liability policy, otherwise the claim would have been denied. The endorsement provided $10,000 for the claim that Rick would normally have had to pay himself.

“John” is an electrical contractor who was hired to install security cameras. An improper installation led to water damage to the equipment. Since John had added the endorsement to his CGL policy, he received $10,000 in damages he would have otherwise been responsible for paying.

You can increase the protection of your CGL policy by adding the Faulty Workmanship endorsement that is now available. Want to know more? Contact your Citizens General insurance specialist and find out how this specialized endorsement can benefit you.

Builders Risk vs General Liability for Workplace Damage Claims

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When something goes wrong on a project, your contractor insurance protection can help shield you from severe financial losses. But if you are covered under both a builders risk policy and a general liability policy, you may be unsure which one foots the bill for an accident or mishap, particularly if you are at fault.

Let’s say you are operating a crane, which you accidentally swing into a support column. The result? A collapsed roof on an already completed building.

You have general liability coverage, and you are included as a subcontractor on the builders risk policy taken out by the project owner. So which policy is best for covering workplace damage?

The choice is not always clear.

Builders Risk vs General Liability: Which Do You Choose for Workplace Damage?

Let’s look at both policies to better understand the best course of action when you are responsible for the loss.

The Coverage: General Liability

Your contractor general liability policy (CGL) is designed to cover damage that you cause to third-parties. That includes:

  • Property damage
  • Bodily Injury
  • Personal Injury

In this case, you are definitely the cause of the damage, and the property belongs to someone else. So it could be easy to see why you may immediately think you should bring this claim against your CGL policy. You can call up your insurance company, file a claim, and hopefully the project owner will forget the whole thing ever happened. After all, you aren’t going through his policy, so he won’t have to pay a dime for your mishap.

Before you file a claim against your CGL, however, you may want to consider what it doesn’t generally cover.

Common Exclusions to a CGL Policy:

What your CGL policy doesn’t cover is almost as important as what it does. The following exclusions are commonly found in a CGL policy:

  • Your product: property damage to your own products (not real property) which may include your materials and supplies.
  • Own property: property damage to property you own, property on which you are performing operations, or any property which needs to be repaired or replaced during the course of your work if you’ve performed it incorrectly.
  • Your work: property damage to your completed work.

Contractor general liability is meant to cover damage to other persons or property that is caused by you (or your work). But that doesn’t necessarily make it the best policy for contractor’s workplace damage claims. Which is why builders risk policies are available during construction.

The Coverage: Builders Risk

Builders risk provides coverage for direct physical loss or damage to a structure or project during construction. Builders risk insurance covers all property on a project during construction, installation or repair, including:

  • Building or structure
  • Temporary forms such as scaffolding
  • Fixtures, materials, and supplies intended to become a part of the building
  • Machinery, tools, and equipment used to service the building

Generally, a standard commercial construction contract will put the responsibility for obtaining the builders risk coverage on the project owner, developer, or general contractor. The builders risk policy then covers all of the above, plus all levels of subcontractors on the project. A builders risk policy is generally obtained for the duration of the construction project, with coverage ending when the project is complete.

Common exclusions of a builders risk policy may include:

  • Faulty workmanship, design, or materials
  • Wear and tear
  • Extreme weather events

Many builders risk policies are written on an all-peril basis, which means anything not specifically excluded is covered. And that includes your accident with the cement truck. Which means your claim would be covered by the project owner’s builders risk policy.

So which do you choose?

Many times, contractors who want to maintain a good working relationship with a project owner may be reluctant want to file a claim against the owner’s builders risk policy, and prefer to submit a claims under their own CGL policy, instead.

Here’s why that may not work out in your favor.

General Liability May Not Pay

Your general liability may not pay out if a builders risk policy is in place. Your CGL policy may have an “other insurance” clause in place that states the policy will only respond in excess of more specific coverage in place, including builders risk. In this situation, two things would have to occur for your general liability policy to pay out

  • You would have to be found negligent for the incident.
  • The loss would have to exceed the builders risk limits.

A General Liability Claim May Cost You More in the Long Run

Builders risk policies are generally project specific, so a loss will stay with that policy. But if you file a claim against your general liability, it may impact your loss ratio and premiums for future years. The more claims you file against your personal CGL policy, the higher the cost of your insurance may be as you continue to grow your business.

Best Practices for Choosing Between Builders Risk vs General Liability

  • Read and understand both policies, including exclusions. If you aren’t sure what is or what isn’t covered in your policy, ask your insurance provider for clarification.
  • When damage or injury occurs, notify the project owner and all other impacted contractors immediately. This can help you maintain a professional relationship with the project owner.
  • Contact your insurance provider promptly, and give notice under both the Builders risk and your CGL policy. The insurer will investigate the claim and help you understand your options.

Typically, it is beneficial for the subcontractor to file a claim against the project’s builders risk policy. But for the project owner, it is more beneficial if you file against your own CGL policy. Only you can decide if increased premiums and taking the loss against your CGL is worth maintaining a good working relationship with the project owner. Before you make that decision, make sure you understand the details of each policy, and contact your insurance provider to help you make this decision.

When you have two policies with overlapping coverage, the decision isn’t always clear which one gets the claim. Compared with the high cost of facing a loss without coverage, however, it’s kind of a good problem to have.

Easy Ways Small Businesses Can Avoid General Liability Claims

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If a customer trips on your carpet, slips on a wet floor, is injured on your equipment, or feels offended by your social media efforts, they could bring a lawsuit against your business. There are so many potential risks to your business for a lawsuit that you probably could come up with ten just by looking around you right at this very moment.

Whether your business is at fault or not, the cost of your legal defense (and possible settlement) can add up fast.

General liability insurance covers the cost of legal expenses if your business is sued by a third-party (non-employee). The types of lawsuits that general liability covers can include:

  • Property damage
  • Bodily injury
  • Copyright Infringement
  • Product Liability
  • Accidents on your Property
  • Reputation Damage (slander/ libel)
  • Non-Owned (rented or hired) Auto

The average cost of a slip and fall claim for a small business is $20,000. And that’s just one small incident, one wet spot on a floor, one spilled beverage. (One dropped banana peel!) Compared to that figure, the cost of a general liability insurance premium is minimal.

You can keep the cost of your general liability insurance nice and low if you can avoid these incidents, and the resulting claims, from occurring in the first place.

Here are some ways your business can avoid a general liability claim.

Safety First

Some businesses are riskier than others. But putting safety first is always a good idea, no matter what industry you are in. The safer you make your workplace, the less you have to worry about causing injury or harm to someone.

  • Keep up to date on the safety standards for your industry, equipment, or products.
  • Maintain a clean working environment, free from clutter, fire hazards, and trip/fall hazards.
  • Make sure that exits are clearly marked, and that there is adequate lighting during operating hours.

Making workplace safety a priority will reduce the risk of an accident that can injure a customer or other third-party.

Train Employees

Training your employees in appropriate workplace safety and conduct can go a long way towards preventing a lawsuit. Even if you are running a business out of your home, with one part-time employee, you can benefit from training her/him to prevent accidents, damages, and lawsuits. If you have employees, you are responsible for their actions, and words, at the workplace.

When you have an employee handling your social media accounts, marketing efforts, or acting as a representative of your business, you will want to make sure they are up to speed on the next tip, which is…

Market Yourself with Care

In today’s digital marketing world, where every business has a website, social media accounts, and access to Facebook ads, it can be very easy to make a costly marketing mistake. If you inadvertently damage the reputation of a competitor on your blog, podcast, or social media accounts, you could be facing a lawsuit for libel (written defamatory statement) or slander (spoken defamatory statement). Whether you manage your marketing efforts yourself, or have an employee or service do it for you, make sure you don’t try to boost yourself up by tearing a competitor down.

By the way, speaking badly of clients is just as dangerous as talking down the competition. If you say (or write) something that could cause reputational harm to a client, you could be facing a lawsuit.

Avoid Copyright Claims

Another way you can avoid a lawsuit as the result of your marketing efforts is to steer clear from using other people’s images or names without consent. Celebrities may be public figures, but that doesn’t mean you have the right to use their name or photos without permission. While it may be fun to put a pic of your favorite teen pop-queen on your company’s blog post, complete with a funny caption using someone’s image without permission can send you straight to court to defend a copyright claim.

Make sure that you have permission to use the images, music, videos, writing, and content that you use for business purposes.

Use Special Care with Customer Property

You may operate a mobile auto detailing business, cleaning customer cars at their homes and offices. You may repair computers, watches, shoes, or furniture. Whatever your business, if you have customer property in your care, control, or custody, you could be liable for damage. If you are in a position to handle customer property, you need to create a procedure and policies for how to do so safely.

Proper procedures for handling customer property may include:

  • Documenting the condition in which you received the property.
  • Carefully handling property to reduce the risk of damage.
  • Deciding how and where property is stored when in your care.

Once you’ve determined the procedures for handling customer property, make sure your employees are trained and adhere to your policies.

Communicate Openly and Honestly

When you are providing a service or product for a customer, keep them in the loop as much as possible. Client’s who feel included in a conversation, listened to, and aware of what is happening are less likely to sue. Treat your clients with respect, keep the lines of communication open, and be honest in your interactions with them to reduce the chance of them feeling slighted (or damaged) by you and your business.

Reducing the risk of damage and harm to a customer, client, or other third-party person takes time, as well as some good old fashioned policies and procedures. But your efforts should payoff in the form of avoiding general liability claims for your business. The less claims you file, the lower your insurance premium rates will be, which is just good for your bottom line and your business.

5 Risks Savvy Contractors Know to Avoid (and You Should Too)

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5 Risks Savvy Contractors Know to Avoid (and You Should Too)

Risk. If you work in the construction industry, it’s a word you know well.

Everything you do in your work as a contractor has an inherent risk factor, from your bid to completion of the project.

In construction, risk is the probability of a loss occurring. You may think your general liability policy is enough to safely protect you, but you may be surprised where additional losses might pop up.

Savvy contractors know all the major risks, and how to avoid them.

Risk #1: Theft or Vandalism

You need your tools, equipment, materials, and supplies to get the job done.

No matter how carefully you maintain your tools, or how cautious you are about securing equipment and materials, it is almost impossible to protect these assets 100%.

Maybe one of your employees accidentally takes a tool home with him, and it never returns to the site.

Whether it is accidental or intentional, theft happens.

And so does vandalism.

Replacing tools and equipment that have been stolen or damaged can eat away at your profits on a project.

Risk #2: Other People

One of the biggest safety risks on your project may not even be one of your guys.

Interference from people outside of your immediate sphere of influence is tough to predict.

How many times has a homeowner’s neighbor come over to check out the new remodel project?

You know the type…

Nosey Ned pretends to take the dog out for a walk so he has an excuse to wander to the project site. He likes to tell you all about the upgrades he has made in his own home, give you some advice on how to do your job right, and then…

He trips over an extension cord connected to a power tool and falls down.

Now, Nosey Ned has lawyered up and expects you to pay for his curiosity and clumsiness. Third-party lawsuits can cost you big-time. Even if you aren’t found liable in court, the cost of a lawyer and all of the fees could be huge.

Risk #3: Data Loss

Welcome to the age of construction technology.

The conveniences of smartphones, tablets, and software programs to your business can mean increased convenience and profitability for your business. You use accounting software, an app for finding bids, a system for tracking leads, and even a project management program that you access on your tablet.

The computer equipment, data systems, and information storage you use daily makes you more efficient and more profitable.

What would it cost you if something happened to your computer equipment and data? Aside from the simple cost of replacing these valuable (and usually pricey) tools, data breaches and stolen equipment leave your accounts, and your client’s personal information, vulnerable.

Risk #4: Stormy Weather

Rain. Hail. Winds. Unexpected and severe weather can happen in an instant.

High winds can uproot trees, sending them crashing through your remodel project. Lightning can strike. Hail the size of golf balls can pelt down and damage materials and supplies. Severe rains can turn to floods.

It can be hard to think about the potential risk of a flash flood when the sun is shining, or to imagine the damage that high winds can bring on a mild, spring day.

But unexpected weather extremes, and even natural disasters, can happen without warning.

If one of these events happened and caused serious damage to your project, materials, and supplies, you could be facing the repair and replacement costs out of your own pocket.

Risk #5: Yesterday’s Project

As a contractor, you face a unique risk that not many other professionals have to worry about. Even after you have completed a project, it still continues to present a risk for you and your business.

If a project you completed months, or even years, ago injures someone because of a construction defect, you could be left holding the bill.

How to be savvy about protecting your business from construction risks:

If any of the above scenarios sounds like it could bring a huge loss to your business or personal assets, don’t panic.

You can protect yourself from all of these risks.

Here’s how contractors in-the-know avoid them:

  • Protect your tools and equipment on the way to a jobsite with tools and equipment coverage.
  • Protect your business from lawsuits and legal fees with general liability coverage.
  • Protect your computer equipment and data with inland marine coverage.
  • Protect your project, materials, and supplies from unexpected weather and disasters with builders risk coverage.
  • Make sure there are no lapses in your insurance coverage. Many policies write in a “prior work” exclusion, so if you are switching carriers to save money, it may cost you in the end.

The most successful contractors didn’t get that way by worrying all day. They plan proactively to protect their business from risks. Calculate risk, have a great plan for managing that risk, and cover yourself where you can.

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What Kind of Insurance Do You Need for Your Landscaping Business

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Lawn care and landscaping contractors have special considerations when it comes to running a business. Your clients count on you to keep their homes, offices, and city streets looking pristine, and that means you provide a service on their turf. Running a business that provides a service exclusively on your client’s property means you are in the unique position of having a higher risk for accidental property damage.
Your landscaping tools and equipment are not located on a specific job site with a safety fence around it to keep the public out. In most cases you are out and about with the public all around you as you work. The specialty equipment needed for your landscaping or lawn care business brings with it an added risk for injuries to your employees or third-parties.

To protect your business, you will need insurance custom-tailored for landscaping professionals. Here are some of the landscaping insurance options you should consider for your business.

General Liability—Landscaping Insurance Must

Landscaping and lawn care businesses have their own unique risks to property and person. One of your employees accidentally destroys a sprinkler system. Another damages a residential fence. A person is injured by debris from a piece of your equipment that malfunctions. Each of these incidents could lead to a lawsuit that could cost you your entire business.

With general liability insurance, your policy could cover the cost of repairs, legal fees, and any damages that have to be paid. Even a frivolous claim could cost your business millions if a judge decides it has some legs. General liability insurance is there to protect you from just that.

Workers’ Comp

Your employees handle potentially dangerous equipment in hazardous circumstances daily; it is part of the job when you run a landscaping business. Even something as small as a bee sting, or repetitive motion from mowing and other yard maintenance tasks could lead to an injury on the job.

Workers’ compensation insurance protects your landscaping business by providing medical treatment, and payment for lost time or disability to your employees in the event of an injury. With an adequate policy, your business can financially cover the unexpected medical expenses, court costs, or settlements that could arise from an accident.

Workers’ comp replaces legal liability with no-fault insurance, simultaneously protecting your business and providing for your employees. While laws vary from state to state, most states require that you carry workers’ compensation if you have W2 employees.

Inland Marine

Inland Marine insurance (aka tools and equipment insurance) may not sound like something one would add to their landscaping insurance coverage, but don’t let the name confuse you. Inland Marine is designed to compensate businesses if their goods are lost or damaged during transit.

Landscaping businesses and lawn care professionals regularly transport equipment, tools, and supplies as they service their clients. Inland Marine protects your mowers, sheers, weed eaters, and other valuable tools of the trade against accidental loss, theft, or vandalism while they’re in transit from one job to the next. Inland Marine even covers digital information and data, including lead-tracking data, accounting software, and other electronic assets.

You need your tools and equipment to service your customers and grow your business. If your equipment is stolen, lost, or damaged, Inland Marine insurance is your means to replace it.

Commercial Auto Insurance

Your personal auto policy does not cover any vehicles you use for your landscaping business purposes. You’ll need commercial auto insurance to protect you from devastatingly expensive property damage, medical expenses, and legal costs in the event of an auto accident. Your commercial auto policy (also called fleet insurance) can even supplement the personal policies of your employees if they use their own vehicles while doing your business.

Commercial Umbrella

What if you had an accident, say in your work truck, and after all was said and done, the settlement on the accident was $600k. Now let’s pretend your insurance limit on claims is only $500k. You would be responsible to pay the extra $100k. Would you be prepared to sell off your business assets to pay for it?

When you want extra peace-of-mind, Umbrella Liability is a cost-effective way to expand your landscaping insurance coverage. Umbrella Liability allows you to raise the limits of your General Liability policy, kicking in to cover the additional amount past your General Liability limits.

Don’t underestimate the random accidents that happen in business. Contact Citizens General to find out which policies are right for your landscaping business, and protect the assets you need to do your job.

Landscaping Business Risks You Need to Know About

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There are many reasons that you may have started a landscaping business: you love working outdoors, you have a knack for keeping things green, or you’ve always dreamed of building a business on your own and working for yourself.
Whatever the reasons you started your business, there is one thing that can quickly stop it in its tracks: an inability to spot risks. Once you are a business owner, every risk can mean a big financial loss, a lawsuit, or even bankruptcy.

If you want your landscaping business to be a success, you will need to learn how to see a risk coming from a mile away, and know the right way to protect everything you’ve worked so hard to grow. Here are some of the risks unique to landscapers, and ways you can hedge against them.

Weather Risks

When you work outdoors, the weather can make or break your business. Weather conditions can slow, delay, or even stop your work altogether.

  • Extreme weather such as heavy rains, winds, and floods can damage materials.
  • Heavy hail can destroy delicate plants.
  • High winds can uproot trees and bushes.

Carrying adequate landscaping insurance is the only way to protect yourself against mother nature. When extreme weather threatens your materials, you can protect yourself against the high costs of replacing them.

Injury on the Job

You couldn’t run your business without customers who want your service, or without the help of a few good employees on your side. Unfortunately, the more people involved on site, the more risks you take of an injury occurring.

Employee Injuries

The equipment you need to get the job done is heavy, sharp, and dangerous. One moment of distraction from an employee can mean loss of blood, limb, or even life. And that’s not all…

  • Hot weather conditions can lead to heatstroke and dehydration.
  • Heavy materials improperly lifted can lead to back injuries.
  • Insects can bite and sting.
  • Chemicals can be accidentally ingested, inhaled, or get into delicate eye tissue.

Any full-time, part-time, or seasonal employees should always receive proper training on the safest way to perform their jobs. This includes the right way to use equipment, lift and move materials, use dangerous chemicals, and the proper protective gear and clothing. But even the best safety training is not a foolproof way to protect against risk. If you have even one employee, then your landscaping insurance policies should include a workers’ comp policy, as well.

Third-party Injuries

The same equipment, materials, and chemicals that you use in your landscaping business can pose an injury risk to homeowners and other third-parties, too.

  • Sharp tools and dangerous equipment can pose a safety threat to curious children.
  • Chemicals can lead to illness or injury.
  • Uneven ground can pose a risk for tripping and falling
  • Certain plants may be toxic to children or animals.

You can safeguard homeowners and other third-party people to some extent while performing your job. Keep equipment and tools securely locked up and secured when not in use. Tape off areas where holes are being dug. Choose non-toxic materials if children or animals will be using the outdoor space. Talk to homeowners about any chemicals you plan to use, and how they can best avoid coming into contact with these chemicals.

To fully protect your business from the possibility of a lawsuit from a third-party injury, be sure that your general liability insurance is maintained and updated regularly. That way, in the unfortunate event that someone is injured as a result of your business, you won’t have to pay out of pocket for costly court fees, attorney fees, or expensive judgements against you.

Equipment Loss and Damage

Without your tools and equipment, you wouldn’t have a business to run. Plants couldn’t go in, hedges and trees couldn’t be trimmed, lawns couldn’t be cared for. Without your tools, you would be seriously up a creek without a paddle. What are some of the risks that could impact your most important business assets?

  • Employees can damage or misuse equipment.
  • Equipment can be stolen from an unsecure trailer, truck bed, or toolbox.

Your tools and equipment can be lost or stolen when being transported to the next job site. Even the best intentioned, well-meaning employees can misplace or damage a tool. You can protect your equipment by marking each piece well with the name and phone number of your business; having a check-in/ check-out system for equipment; and properly securing all tools in locking boxes. Lastly, your landscaping insurance will provide the final safety net for your most important assets. A tools and equipment policy (also called inland marine) will be there to protect you from loss and damage of the very things you need to get the job done.

Auto Accidents

When your office is the great outdoors, you put a lot of miles on your truck getting from one jobsite to another. Every time you hop in your vehicle, you put a lot on the line. An estimated 15,000 motor vehicle crashes happen every single day. And no matter how good a driver you are, you can’t always protect yourself from the many distracted (or just plain bad) drivers out on the road with you.

  • Someone else could get injured in an accident while you are driving.
  • An employee could get injured in an accident while driving your truck.
  • An employee could get injured driving their own vehicle while doing work for you.
  • Your work truck could get stolen.
  • The trailers, equipment, and tools you use could get damaged in an accident.

You may think that you are protected from road risks with your personal auto insurance, but the plain truth is that a personal policy won’t protect your business vehicles. Only a commercial auto policy can protect the trucks, vans, or other vehicles that you use for work purposes, protect your employees while driving them, and protect your employees in their own cars if they are driving for your business.

Not running your Business like a Business

When you are just starting out your landscaping business, there can be a steep learning curve and a couple of shortcuts involved. But when you are running a business, some shortcuts just shouldn’t be taken. Even if you just have a single mower, a free pack of business cards, and one truck, your business should be treated like one.

  • Written contracts may protect you from misunderstandings, liabilities, and lawsuits.
  • Landscaping insurance policies protect you from major losses from lawsuits, theft, accidents, and injuries.
  • Business licenses and permits protect you from fines, and get you more jobs.

Play by the rules, and always treat your business like one.

Most of the risks that your business faces can be covered with the right contractor insurance coverage. Just one incident, injury, or lawsuit could be so costly that it could put you out of business permanently. Protecting your landscaping business with the right insurance and a little know-how can help your business continue to bloom.

5 Ways to Get Lower Rates on Your Contractor Insurance

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Independent contractors and small business owners know that the best way to improve cash flow is to bring more cash in, and pay less out. Sounds simple enough, but the costs of doing business can’t always be negotiated down.
One way you can reduce your operating costs is by lowering the rates you pay on your contractor insurance.

Here’s how to pay less, without giving up coverage.

#1. Review Your Current Coverage

The first place you can look to lower your insurance rates is on the policies that you already carry. If you have fewer employees, have sold equipment, or have retired vehicles from use, you may be able to find potential savings in your current policies.

Be on the look out for these changes:

  • Employee roster
  • Equipment bought or sold
  • Vehicles no longer in use
  • Type of construction work performed

Any changes in your business could mean a lower rate is available. Examine your existing policies, or talk to your broker to see where you can save money on your existing coverage.

#2. Calculate Before a Claim

Before you file a claim, take a quick moment to calculate and consider…

Can you afford a minor loss?

The number of insurance claims you file can impact the rate you pay. If you are considering filing a claim for a small incident, ask yourself if you can afford the loss.

If the answer is yes, you may save more money in the long run with lower contractor insurance premiums.

If your favorite hammer was stolen from the bed of your truck on the way to work, you can probably replace it without a claim.

If you were involved in an auto accident on your way to the jobsite, and you are facing vehicle damage, lost and damaged equipment and tools, and possible injuries to yourself, an employee, or a third-party…

Make the claim.

One way you can reduce your operating costs is by lowering the rates you pay on your contractor insurance.

Here’s how to pay less, without giving up coverage.

#3. Increase Your Deductibles

If you decide that paying out of pocket for small losses is an affordable option to prevent premiums from increasing, the next logical step is to increase the deductibles on your policies.

Take the biggest deductible amount you can afford.

Usually, a higher deductible means a lower premium rate.

The amount you save in annual premiums may be more than enough to cover your higher deductible when you finally do need to file a claim for a big-ticket loss.

#4. Don’t Let Coverage Lapse

Construction can sometimes be a seasonal profession, and it could be tempting to let certain coverages go in between projects, or during off-seasons.

If you want to save money, don’t do that.

Letting coverage lapse can actually lead to increased rates. It can also put you at risk for not getting coverage in the future.

Many insurance companies offer premium discounts for no-lapse coverage.

Determine the best policies that you need for your contractor business, and keep your policies active. Stopping and starting policies won’t save you money, and it can cost you even more in the long run.

#5. Combine Coverage

If increasing cash flow and protecting your profits is a priority, then there is a very good chance that you will use more than one contractor insurance policy to protect your business. And that gives you one golden opportunity to save some money with very little effort.

Combine your coverage.

Most insurance companies will offer a discount to you when you combine, or bundle, your coverage. Combine a general liability policy with an inland policy, for example, and you receive a discount on the premiums for both.

Talk to your broker about the ways you can bundle coverage on:

Saving money on your insurance rates gives you more cash flow for your business. And who doesn’t want to see more cash?

Remember…

Combine your policies together, review them regularly to make sure they fit your current business needs, increase your deductibles, don’t make claims for the small stuff, and be sure to maintain your coverage at all times.

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