Frequently Asked Questions About
Commercial General Liability Insurance
How much does small business insurance cost?
Costs can vary widely based on industry and are also determined by zip code and often payroll and/or gross sales. Request a free quote to get an exact number. (read more)
What kind of business insurance do I need?
Most business owners need General Liability Insurance at the very least. If you have any non-owner employees, you will need workers compensation insurance too.
What is a Certificate of Insurance?
A Certificate of Insurance is proof of coverage. It lists the type and amount of liability coverage you have and other policy information when a third party requests it. (read more)
Is business insurance tax deductible?
Yes. you can deduct the cost of commercial insurance premiums. The IRS considers insurance a cost of doing business as long it benefits the business & serves a business purpose.
Florida Dryer Vent Cleaning Insurance
Florida Dryer Vent Cleaning Insurance. Dryer vent cleaning is quickly becoming a popular business. Keeping dryer vents cleaned and well maintained is vital, as it helps to prevent the risk of a fire. However, a lot of people just don't have the time or the know-how to properly clean their dryer vents. Or, they just don't want to be bothered.
If you know how to properly clean dryer vents, you can start a professional (and pretty lucrative) dryer vent cleaning business. However, before you start marketing and offering your services to FL business and homeowners, you need to make sure that you have the right Florida dryer vent cleaning insurance policy.
Florida dryer vent cleaning insurance protects your business from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Why Professional Dryer Vent Cleaners Need Insurance
As in any business, there is always a chance that something can go wrong. A property could be damaged or someone could become injured, for example. When a mishap occurs as a result of cleaning dryer vents, you could be held legally responsible. Depending on the particular situation, you could end up having to cover the cost of repairs, medical bills, and more. Those costs can add up pretty quickly and put your business in jeopardy.
To prevent financial disaster, it's important to make sure that you have the right Florida dryer vent cleaning insurance coverage for your professional dryer vent cleaning company. Insurance can offset the costs of legal fees, repairs, and anything else that might be associated with an incident.
What Type Of Insurance Do Dryer Vent Cleaning Professionals Need?
If you are planning on starting a professional FL dryer vent cleaning company, there are a few different types of insurance policies that you should carry:
- Commercial General Liability - This type of insurance policy is a standard for all business owners, including those who own and operate a FL dryer vent cleaning business. It protects you and your business from various liabilities, such as property damage, non-employee related injuries, and even damage to your reputation. For example, if you damage a customer's property while providing a service, a FL commercial general liability insurance policy will cover the cost of repairs, as well as any legal fees that may arise.
- Product Liability Insurance - If you offer any products to your customers - new dryer vents, for example - you should seriously consider carrying product liability insurance. In the event that a product that you provide causes damage to a customer's property or an injury, this type of insurance will cover the costs of repairs, medical bills, and any legal fees that may arise.
- Workers Compensation - Whether you have a small team or a large crew, if you employ anyone, you should carry FL workers compensation insurance. Workers comp will assist with the costs that are related to an employee injury, including medical bills, lost wages, retraining, and even death. Should an employee fall while cleaning out a dryer vent and sustain a broken leg, for example, workers comp insurance will help to cover the cost of the medical care that he or she requires, as well as wages that are lost while he or she is unable to work.
- Commercial Property Insurance - Lastly, you should also carry a commercial property insurance policy. This policy protects the building you operate your business out of, as well as the contents inside of it. If office is damaged by a storm or by an act of vandalism, commercial property insurance will help to pay for the cost of repairs, as well as anything that was damaged inside the property.
How Much Insurance Coverage Should You Carry?
That depends on your specific business. The size of your company, the amount of clients you service, the types of services you offer, and the types of products you provide are just some of the factors that will determine how much insurance coverage you should carry.
There is more to dryer vent cleaning than removing lint from the dryer duct. For businesses (like laundry's, hotels etc.) lint can also build up inside the dryer cabinet and on and around wiring inside. When flammable lint becomes electrically charged, it can ignite and burst into flames with the high temperatures generated by dryers. For commercial use, the entire vent system as well as the dryer cabinet should ideally be cleaned by a FL professional every few months. There is also potential for larger losses in commercial locations due to larger machines and higher use.
To find out exactly how much coverage you should have for your specific FL dryer vent cleaning business, speak with a reputable insurance broker that specializes in the above-mentioned policies. Together, you can discuss the particular details of your organization and figure out exactly how much insurance coverage you should have.
Why Insurance Is Important For Dryer Vent Cleaners
Insurance will help to safeguard you and your professional FL dryer vent cleaning business from any issues that may arise and that you are deemed liable for. It can help to save you a tremendous amount of money, and can even prevent you from potentially losing your business.
Florida Economic Data And Commercial Insurance Requirements
If you are thinking about starting up a business in the state of Florida, it's important to understand the economic standing of the state before you set up shop. Furthermore, you should understand the rules and regulations regarding FL commercial insurance.
With this information, you will be able to determine if Florida is the right place for your business, and if so, what type of insurance you will need to carry to protect yourself, your employees, and the people that you serve.
Economic Trends For Businesses In FL
Florida is known as the sunshine state, and the economic outlook for this state is just as bright as the weather. It is estimated that the economy in Florida will reach $1 trillion by the end of the 2019 calendar year. However, while financially, the economy is expected to boom, it is forecasted that job growth will decline.
The reason for the economic boom? While businesses do certainly contribute to the economy, industry isn't the reason why Florida's economy is expected to soar; the residents that move to the state are largely responsible for its economic growth. Approximately 898 people move to Florida every day, and those new residents bring a tremendous amount of income for the state.
In terms of job growth, the rate of new jobs has been its highest since 2007; however, it is forecasted to slow during 2018. Approximately 180,000 new jobs will be added in 2018, which is slightly less than the new jobs that were added in 2017.
The industries that contribute the most to Florida's economy include:
- Aviation & Aerospace
- Financial Services
- International Trade
- Life Sciences
Commercial Insurance: Regulations & Limits In Florida
The Florida Office of Insurance Regulation regulates insurance in FL. The only type of coverage that business owners must carry is workers' compensation. Organizations in any industry must carry this type of coverage if they employ a staff of hourly or salaried workers. But, organizations that employ three or less people are not legally required to carry this type of coverage.
Business owners are also required to carry commercial auto insurance if they use any vehicles for their operations, such as making deliveries or transporting goods. Commercial liability insurance is another type of coverage that Florida business owners should consider carrying, though they are not legally required to have this type of insurance.
Additional Resources For Contractors & Home Improvement Insurance
Learn about small business contractor's insurance, including what it covers, how much it costs - and how commercial insurance can help protect your contracting business from lawsuits.
- Air Conditioning Systems Installation Repair
- Blacksmith & Metal Workers
- Builders Risk
- Cable And Satellite TV Installer
- Chimney Sweep
- Contractor Liability
- Door And Window Installers
- Dryer Vent Cleaning
- Drywall Contractor
- Electrical Contractors
- Environmental Remediation Contractors
- Fence Installation
- Fire Sprinkler Contractors
- Fire & Water Restoration Contractors
- Flooring Contractor
- Garage Door Installer And Repair
- Glass Contractor
- Glazier Insurance
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Paperhanging Contractors
- Plastering And Stucco Contractor
- Pressure Washing Contractors
- Propane And Fuel Dealers
- Rug, Upholstery & Carpet Cleaning
- Sandblasting Contractors
- Security Alarm
- Septic Tank Cleaning
- Siding Contractor
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Swimming Pool Contractor
- Tree Surgeon
- Tree Trimming
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
A contractor that wants to begin or stay in business, liability coverage must be obtained for the premises or operations, off-site locations and products/completed operations exposures. These coverages may be included as a part of a businessowners policy (BOP) or purchased in a commercial general liability (CGL) policy. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to obtain a particular job.
Physical damage coverage for tools, supplies and equipment, both on and off the contractor's premises, is a concern. Liability exposures at the premises of the contractor, and at the premises of the contractor's customer, must be properly addressed along with completed operations. Business insurance is very important as is workers compensation insurance protection for employees.
Contractors may work under a general contractor as a subcontractor in larger construction projects - like a new commercial site or residential subdivision. They can work on smaller projects directly with a home owner, usually specializing in renovations or remodels.
In business insurance speak, often called 'artisan contractors' or 'casual contractors', they are involved in many aspects of construction and contracting work – and include various trades and skills. Carpenters, painters, plumbers, electricians, roofers, tree trimmers, landscaping are just a few examples. They may do roofing, fencing, drywall, tile work and many other trades that involve skilled work with tools at the customer's premises.
An artisan contractor performs a single trade or job, and each has its own specialized liability needs with its own exposures to risk and accidents. Contractors liability insurance can offer coverage for bodily injury, property damage, advertising injury and medical payments.
Most artisan contractors should have commercial general liability at the very least, but many need broader coverages - like an umbrella to increase their limits of liability, inland marine policy to protect their tools, workers compensation if they have employees, and even commercial auto if they use vehicles for business purposes.
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Quotes from leading small business insurance carriers including: ACE, AmTrust, Chubb, Cincinnati, CNA, Colony, Employers, Evanston, Fireman's, Foremost, Guard, Hanover, Hiscox, Liberty Mutual, LLoyd's of London, Markel, MSA, Nationwide, Penn America, Philadelphia, Prime, Progressive, Scottsdale, The Hartford, Travelers, USLI, Utica First, Western World, Zurich & others.