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Painters Insurance

Painter Insurance

Get a quote on Business Insurance

Companies that provide painting services for houses, apartments, commercial buildings, and other structures should be aware that they could be exposed to a variety of risks. Common hazards include unintentional property damage or physical injury that occurs in the course of their work, auto accidents that take place in company cars, or unexpected disasters like a fire. It’s important to consider purchasing business insurance coverage to financially protect your company from unpredictable incidents.

What insurance coverage do I need for my painting business?

There are many types of insurance coverage to consider, but these policies are particularly relevant to commercial painters:

General Liability Insurance

General liability insurance provides protection for incidents of accidental third-party property damage, bodily injury, personal injury, or advertising injury. If your employees accidentally cause someone else injury or damage their property in the course of your work, this coverage will protect your business. If your business is sued, general liability insurance can cover legal fees and damages, in addition to medical payments in the case of an injury. 

Painting businesses are constantly involved in performing work at customers’ homes or offices, so the risk for third-party injury or property damage is high. Whether from paint fumes or falling objects, there is an elevated risk for injury, in addition to potential property damage through work such as old paint removal. Moreover, if your painting business has office or retail space that customers, vendors, or partners may visit, any accidents that occur on your business premises could result in expensive lawsuits.

Examples:

Commercial Auto Insurance

Painters typically depend on company vehicles that employees use to visit worksites and transport painting supplies. If your business owns or leases vehicles or if your employees use their own personal vehicles for business purposes, commercial auto insurance is a key coverage that is legally required in most states. 

If your employees are involved in a car crash, commercial auto insurance can provide coverage for physical damage to vehicles, third-party bodily injury, and property damage. Commercial auto insurance can also provide coverage for damage to your vehicles caused by covered perils, including theft, falling objects, fire, and more.

Example:

Workers’ Compensation Insurance

Workers’ compensation insurance provides financial and medical benefits for employees who suffer occupational injuries or diseases. Workers’ comp also provides death benefits for dependents in the case of a work-related employee death. 

Painting can be a physically demanding occupation, and employees may be involved in work from dangerous heights on ladders or scaffolds. Employees may also be exposed to toxic substances from the removal of old lead-based paints or exposed to fumes from paints and solvents they are working with. 

If an employee is injured or falls ill, he or she may require medical attention and may be unable to work while recovering. In these situations, workers’ comp can provide funds for the injured employee’s medical treatment, a portion of their lost income, and in some cases, physical rehabilitation expenses.

Workers’ compensation insurance regulations vary from state to state, but almost every state requires employers to secure this coverage. Check with your local workers’ comp laws to understand what is required of your business. Failure to secure adequate coverage can result in heavy fines and penalties for your business.

Example:

Commercial Property Insurance

Commercial property insurance will provide funds to replace or repair your business property if it is destroyed or damaged by a covered peril. For painters, the risk of fire is high due to the storage and use of highly flammable paints, paint thinners, and other solvents. If a disaster strikes, you could lose essential property, and costs to replace or repair it could be high. Commercial property insurance can help protect the value of your business property, providing funds to replace or repair damaged property in the event of a fire, storm, explosion, or other covered peril.

Commercial property insurance covers the following:

Example:

Inland Marine Insurance

Inland marine insurance provides financial protection for your business property that does not remain at a fixed location and is not covered by a standard commercial property policy. Since painters typically transport paint, equipment, and tools to job sites, this is an important coverage to consider. 

For contractors and subcontractors, installation floaters are a common type of inland marine insurance used to cover materials and equipment for installation projects. These policies are specifically designed to cover your business while building or renovations are in progress. Installation floaters cover materials, supplies, and equipment while in transit, waiting to be installed, and during the installation process. Coverage plans can cover a specific project or projects over a period of time.

Example:

Additional Coverages

Pricing and Quotes

Pricing for painters insurance will vary based on the type of insurance coverage and the risk profile of your business. Insurers consider factors such as:

Businesses with higher risks will have higher premiums than those deemed lower risk. For example, a painting business with a history of frequent claims will face higher premiums. Premiums also rise as you increase the limits of insurance. Different insurance companies have different models for rating risks, so it is worth comparing pricing across different insurers.

In order to get an accurate estimate on pricing, it’s best to get a quote from a reputable insurance company. Below we’ve highlighted a few of our trusted partners who offer coverage for painting contractors:

ProviderGeneral LiabilityProfessional LiabilityBusiness Owner's Policy
Embroker??????
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Hiscox??????
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Final Word

Painting businesses could be held liable for many significant risks. From accidental damage to a client’s property to auto collisions or unexpected disasters like storms or fires, there are many incidents that can consume a large portion of your company’s resources, making it difficult for you to continue operating. It’s a good idea to consider your business’s needs and purchase insurance that will financially protect you in the event of an unforeseen catastrophe or lawsuit.

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