Carpentry Insurance Essentials For Your Business
Whether you’re an independent carpenter or a crew supervisor, protecting your work from liability is critical to keeping your business running smoothly. Just one incident involving property damage, medical bills or legal fees can stop operations.
Getting the right insurance can help protect your business and show customers that you’re serious about your work. Insureon’s licensed agents work with top-rated U.S. providers to find the coverage you need for your specific carpentry business.
1. General Liability
Your company is safeguarded by general liability insurance from claims of property damage and bodily harm. It may also help pay legal costs and compensation if someone sues you because of your work.
For example, if you’re working on a house extension and a client trips over the cord of an electric sander, this could result in an accident that causes head injuries. Moreover, if your company’s carpentry services cause damage to another person’s property, your general liability insurance could cover medical expenses and legal fees that result from the lawsuit.
Lastly, your policy should include product and completed operations coverage. This coverage helps cover the cost of repairing or replacing a product that you deliver to a customer, including furniture, cabinets and other custom-made items.
Your policy should also have personal injury protection, which covers injuries caused by libel and slander. This coverage could come in handy if your company’s marketing material hurts the reputation of a third party.