Painters Insurance
Painters face several risks on the job, such as ladder accidents, property damage, or vehicle mishaps. These risks can lead to costly lawsuits and financial losses. Having the right painters insurance, including liability and property coverage, is essential for safeguarding your business.
Choose the right coverage from trusted insurance providers.
Why do painters need insurance?
Painters face many risks, whether doing detailed interior work or commercial exterior painting. Accidents such as ladder injuries, vehicle accidents, or damaged customer property can have a big financial impact on a small business.
Painting insurance can help cover these expenses, including lawsuits and property damage. It’s important for painters to have the right coverage for their tools, equipment, and legal fees. Working with Eagle Nation and a licensed insurance agent can help you find the right insurance policies that match your unique risks and provide peace of mind.
This way, you can focus on your work while ensuring financial protection against unforeseen incidents, giving you free advice and the right coverage for your business.
What types of business insurance do painters need?
Painters need various types of business insurance to protect against common risks in the industry. These policies typically include property insurance to cover damage to tools, equipment, and business property, as well as liability insurance to cover injuries or damages that occur during work.
Business owner’s policy
This policy conveniently bundles commercial property and general liability insurance into one cost-effective plan for dealers. A BOP is ideal for securing auto shop insurance and shielding businesses from financial losses.
Under this plan
Customer injuries
Damaged customer vehicles
Damaged business property
Commercial auto insurance
A policy designed for dealers and repair shops helps pay for property damage and medical bills after an accident. It is required in many states for businesses that own cars.
Under this plan
Car accident repair costs
Vandalism and theft
Weather damage
General liability insurance
This policy covers basic liabilities for auto service businesses, protecting against dealer risks like customer injury at a repair shop. To maximize savings, businesses can bundle it with property insurance or a business owner’s policy for broader coverage.
Under this plan
Customer injuries at a repair shop
Accidental vehicle damage
Slander and advertising injuries
Workers’ compensation insurance
Workers’ comp is required for auto shops in almost every state to cover employee injuries and related costs. It protects both employees and sole proprietors by handling work injury costs that health insurance might deny.
Under this plan
Employee medical expenses
Partial wage reimbursement
Lawsuits
Tools and Equipment Protection Plan
Contractor’s tools and equipment insurance helps protect your construction gear no matter where you go. This policy keeps your tools and equipment safe while you’re moving them (in transit) or using them at a jobsite. To qualify, your items usually need to be valued under $10,000.
Under this plan
Equipment less than five years old
Mobile equipment
Small toolsa
Professional Liability Protection Plan
Professional liability insurance for contractors, also known as errors and omissions insurance, protects against financial losses when a construction mistake or oversight causes a lawsuit. This policy is key for handling claims related to your work and promises made to clients.
Under this plan
Accusations of negligence
Failure to complete construction
Failure to use promised materials
How much does business insurance cost for painters?
The cost of business insurance for painters varies based on several factors. Smaller businesses with just a few painters typically pay less for insurance than larger companies with multiple employees. Some key factors affecting the cost include:
- Painting services offered, like residential interior painting or commercial painting
- Value of business property and equipment
- Size and revenue of the business
- Type of insurance purchased
- Any additional insureds, such as subcontractors
- Policy limits and deductibles
How do I get painter liability insurance?
Getting painter liability insurance is straightforward, whether you are an independent contractor or the owner of a painting business. To get started, you will need your business details, such as revenue and the number of employees. The process with Eagle Nation includes:
- Complete a free online application
- Compare insurance quotes and choose the policies that suit your business
- Pay for your policy and download a certificate
Eagle Nation’s licensed agents work with top-rated U.S. insurers to help you find the most affordable coverage tailored to your painting business, whether you’re working alone or have employees.
Two ways to start your coverage
Quotes online
Talk to an agent
Verified business insurance reviews
Hear from customers like you who purchased small business insurance.
Common Questions About Painters Insurance
Many states require painters to be licensed before they can undertake contracts. Some also require business registration. Licensure requirements vary by state, but they typically involve passing a state exam, having work experience, and providing insurance coverage and surety bonds.
For example, California mandates that painters on projects over $500 must be licensed, registered, and provide proof of at least four years of experience, along with a surety bond of $25,000 and workers' compensation proof. Other states, like Illinois, may not require a license at the state level but could have city-specific requirements.
In addition to general liability insurance and workers' compensation, painters may need several other types of coverage, including:
- Builder's risk insurance: This protects structures under construction and materials at the work site.
- Commercial property insurance: Covers the building and contents like tools, computers, and furnishings.
- Business personal property (BPP) coverage: Can be added to general liability policies to protect business property.
- Inland marine insurance: Covers tools and equipment in transit or stored off-site.
- Commercial umbrella insurance: Increases coverage on existing insurance policies once the limits are exceeded.
While not a state requirement, professional indemnity insurance (also known as professional liability insurance) is beneficial for painters, especially those whose work is based on their expertise. This insurance protects businesses against errors, mistakes, or negligence that may lead to a lawsuit. It covers professional negligence, breach of contract, oversights, and poor advice.
To find affordable liability insurance for painters, consider comparing coverage options from different providers. Eagle Nation offers an easy online application that gives free quotes from several companies. To save money, small business owners can:
- Bundle policies: Combining general liability with property insurance via a business owner's policy (BOP).
- Customize policies: Adjust limits, deductibles, and exclusions to reduce premiums.
- Focus on safety: Fewer accidents mean fewer liability claims, which can lower insurance costs.
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Painters Insurance has given me the peace of mind I need for my business. With coverage for everything from ladder accidents to property damage, I know my work is protected. Highly recommend it!