Florida Stone And Tile Installer Insurance (Quotes, Cost & Coverage)
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Frequently Asked Questions About
Commercial General Liability Insurance
How much does commercial 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.
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.
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 Stone And Tile Installer Insurance
Florida Stone And Tile Installer Insurance. If you are a stone or tile contractor, one of the things that you're going to have to worry about is insurance. Any time that you are working on someone's home, or you are providing a service to someone where lots of things can go wrong, you need to have the right coverage.
Terrazzo, tile, marble and mosaic contractors specialize in installing various types of tile products in residential, government, commercial or industrial buildings. The installation may take place inside on floors, walls, or table tops, or outside on walls or patios. The work is extremely labor intensive and requires careful attention to detail.
Terrazzo is made by mixing marble, granite, quartz or glass chips into a cement binder and can be purchased as tiles or custom made on site. Tile is made of ceramic, stone, metal or glass. Marble is made of crystallized rock, such as limestone, cut into tiles and glazed or polished. Mosaic uses an assortment of small pieces of colored glass, stone, tile, or other materials set into patterns to form designs.
Tile, flooring and stone installation is not an easy task, and there are lots of things that can go wrong. Years down the line, you may find yourself defending your company against someone who says that you did a bad job on their installation.
Let's take a look at the types of Florida stone and tile installer insurance that you might need to make sure that you and your company are protected.
Florida stone and tile installer insurance protects your business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now
Essential Insurance For Tile & Stone Installers
Following is a list of some of the 'must and should have' policies for FL terrazzo work contractors, mantel work contractors, marble installation and mosaic work contractors, ceramic tile installation contractors and more:
- General Liability
- Owners & Contractors Professional Liability
- Commercial Auto
- Inland Marine
- Worker's Compensation
The Most Important Insurance Options for Tile & Stone Contractors
When it comes to having the right Florida stone and tile installer insurance, there are a few types that are most important for tile and stone contractors. Let's look at each of these types of insurance in detail and help you understand what they mean - and why you need them for your business.
First, following are some common claims scenarios:
- Your customer trips and is injured while shopping in your showroom.
- Your employee damages a customer's home during the installation.
- Your customer sues you, claiming the tile you installed in the shower wasn't done correctly, and water leaked and damaged their home.
General liability is an important type of insurance for any business. Liability insurance protects you from injuries that customers can sustain during the normal course of you doing business, as well as any property of others that you damage. It usually protects people that visit your place of business, but in the case of a mobile business like tile and stone installers, they may also protect you if they were injured visiting your jobsite. There are lots of dangerous tools and heavy equipment on job sites, and customers have the potential of getting hurt. You want to be protected in case this happens.
Owners & Contractors Professional Liability
Contractors and businesses that work with specific types of employees that are more independent than salaried or wage employees may want to protect themselves with owners and contractors professional liability insurance. This is purchased by contractors to protect owners against liability for ongoing operations that are performed by independent employees such as subcontractors or due to the negligent supervision of the overseeing contractor.
For FL tile and stone installers that often work with other independent workers that may not have as much invested in a job, this is an absolutely vital type of insurance.
If you are a tile or stone contractor, you are going to have to buy business auto insurance. Since you are going to be traveling to job sites and hauling equipment and materials in your car, you have to have Florida stone and tile installer insurance in order to be protected.
Inland marine insurance protects things like equipment and materials that are housed in your commercial vehicle. If your equipment is stolen or damaged, this policy can offer you money to replace it. There are certain businesses out there that require this type of insurance, and FL flooring contractors and installers are definitely one of those that should have it.
Workers Compensation Insurance
If you happen to have employees other than the independent subcontractors that you use, then you're going to need workers comp. Worker's compensation protects your employees who are injured on the job. Generally, it only protects employees that are salaried or are paid an hourly wage. If you have subcontractors working for you, then workers comp will usually not apply to them. However, for those that are covered under Worker's Compensation, medical bills and lost wages may be covered if they are injured on the job.
Florida Stone And Tile Installers's Risks & Exposures
Premises liability exposures at the contractor's office are generally limited due to lack of public access. If there is a showroom, clients can slip or fall, or be injured by falling displays. Off-site exposures are moderate. Jobsite operations include the potential for bodily injury to the public, to other contractors' employees and damage to their property or completed work. Tools, building materials and scrap all pose trip hazards even when not in use.
In enclosed structures without proper ventilation, the use of adhesives can cause fumes that may be just a nuisance or result in serious illness or death. If work takes place during business hours, the exposure to the public must be controlled. This is a particular problem if the work is performed on the exterior of the structure or on an upper interior wall. Barriers must be placed appropriately in addition to warning signs indicating the potential for falling objects.
Completed operations liability exposure may be significant. Failure to properly prepare the surface on which the tile is to be installed or improper installation can result in mildew or mold problems and falling objects. Failure to use enough grout or adhesive can separate the tile from the surface, resulting in trips and falls.
Quality control and full compliance with all construction, material, and design specifications are necessary. Inadequate record keeping may necessitate payment of otherwise questionable claims. Inspection and written acceptance of the work by the owner or general contractor is critical.
Workers compensation exposures vary based on the size and nature of the job. Work with hand tools and sharp objects such as saws can result in cuts, piercings, and accidental amputation. Back injuries, hernias, sprains and strains can result from lifting. Workers can experience lung, eye or skin irritations and reactions from exposure to dust generated by tile cutting. Work at floor level for extended periods of time can result in injuries to knees.
When work is done on ladders and scaffolds, there is a potential for severe injury or death from falling, being struck by falling objects, or adverse weather conditions. The absence of good maintenance of scaffolds, proper use of basic safety equipment, such as properly installed guards, steel-toed shoes, and eye protection, and strict enforcement of safety practices may indicate a morale hazard. Removal of asbestos-lined old tile requires controls, but is generally not a serious hazard.
Property exposures are generally limited to an office and storage for supplies, tools and vehicles unless there is a showroom and stock held for sale. Grout or cement may be on hand but present a low fire load. Adhesives can be flammable so must be properly labeled and stored separately from other materials. Tiles should be stored on pallets with good aisle space. Any scrap storage should be palletized and kept separate from the new material.
Crime exposures are from employee dishonesty. Background checks, including criminal history, should be performed on all employees providing services to customers or handling money. All ordering, billing and disbursement should be handled as separate duties with reconciliations occurring regularly. Certain types of tile and marble are quite valuable and may be difficult to trace if stolen and resold.
Inland marine exposures include accounts receivable if the installer offers credit to customers, contractors' equipment and employees' tools, goods in transit, installation floater, and valuable papers and records for customers' and suppliers' information. Equipment and supplies left at job sites are subject to loss due to breakage, theft and vandalism.
Some types of tiles are extremely valuable and may be difficult to replace. Others are custom made so a partial loss may result in all tiles having to be replaced. Tiles are heavy and could shift during transport, resulting in breakage. Proper loading and tie-down is essential. The contract with the client should state who is responsible for the tile during transit and storage.
Environmental impairment liability exposure may be significant if the contractor removes and disposes of asbestos flooring. Transportation and disposal procedures must adhere to all EPA and other regulatory standards.
Business auto exposures are limited unless building materials are transported by the installer. MVRs must be run on a regular basis. Random drug and alcohol testing should be conducted. Vehicles must be well maintained with records kept in a central location. Hazards of transport include failure to properly secure the load and equipment failure, such as tie-downs and hitches. If oversized items are transported, vehicles should be clearly marked.
Stone & Tile Contractor Insurance Coverage
Some of the other insurance options that you have when you are a tile, flooring or stone installer include property insurance, which protects your place of business in case of a natural disaster or another mishap such as a fire, theft, tornado or if someone commits serious vandalism against your place of business. If you have an office that you do business out of, then you definitely need to protect yourself against these potential disasters.
Another type of Florida stone and tile installer insurance that you may want to consider is employer liability coverage for practices. For example, if someone brings a lawsuit against you for discrimination, this type of insurance will offer you protection. Finally, you may want to consider umbrella coverage which offers even greater protection than the insurance plans that are described here.
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
- Builders Risk
- Cable And Satellite TV Installer
- Concrete Contractors
- Contractor Liability
- Demolition Contractors
- Dryer Vent Cleaning
- Drywall Contractor
- Electrical Contractors
- Excavation Contractor
- Fence Installation
- Fire Sprinkler Contractors
- Fire & Water Restoration Contractors
- Flooring Contractor
- Framing Contractor
- Garage Door Installer And Repair
- Glass Contractor
- Glazier Insurance
- House Cleaning
- HVAC Contractor
- Janitorial Cleaning Services
- Lawn Care
- Masonry Contractor
- Plastering And Stucco Contractor
- Propane And Fuel Dealers
- Rug, Upholstery & Carpet Cleaning
- Security Alarm
- Siding Contractor
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Swimming Pool Contractor
- Tree Trimming
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
If a contractor 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.
Many contractors do not have the usual location-specific buildings and business personal property exposures. Their business property is more mobile and, therefore, better covered with inland marine coverage forms. However, for those larger contractors that own buildings and/or maintain business inventory there are many coverage forms and choices available to them.
Contractors use their vehicles to get to and from their workplaces and jobsites. They also use vehicles to transport equipment and inventory to those locations. It is important to cover the liability of these vehicles for injury or damage they may cause, as well as to provide coverage for damage to the vehicles themselves.
Employers are required to provide coverage for injuries sustained by their employees while on the job. Contractors must comply with these requirements but some try to avoid them by hiring subcontractors. These subcontractors may actually operate and qualify as employees. The relationship between a contractor and its subcontractors must be carefully evaluated in order to determine if workers compensation coverage is still needed.
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