Maine Cable And Satellite TV Installer Insurance

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Maine Cable And Satellite TV Installer Insurance Policy Information

ME Cable And Satellite TV Installer Insurance

Maine Cable And Satellite TV Installer Insurance. As a cable or satellite television installer, there are certain types of insurance that you're going to have to carry. Most of these insurance types are optional, at least in the sense that they are not required by law, but they are still absolutely vital to this type of business - and required by many of the large companies that hire installers.

Cable and satellite television installers are working with utility poles, sometimes high in the air or on roofs, and have access to people's homes. All of this means that you need as much protection as possible before you begin servicing customers.

Maine cable and satellite TV installer insurance protects your business from lawsuits with rates as low as $27/mo. Get a fast quote and your certificate of insurance now

Minimum Types of Insurance ME Cable And Satellite TV Installers

  • Business Income Insurance
  • Business Personal Property Insurance
  • Commercial Auto Insurance
  • General Liability
  • Inland Marine Coverage
  • Workers Compensation

Why You Need These Types of Insurance

Cable and satellite TV installers handle telecommunication services like installing cable or satellite TV for residences and businesses. They also can do telephone, data installation, and high-speed internet installation. Due to the nature of their job, they may be installing or upgrading services by entering tiny crawl spaces or attics, and are frequently on ladders when installing satellite dishes. They are also at risk for injuring themselves or others from working with electricity.

Let's take a look at some of the required Maine cable and satellite TV installer insurancetypes - and why you need them. And please note large cable & satellite TV providers like:

  • Comcast Xfinity
  • Time Warner
  • DirecTV
  • Charter Spectrum
  • Dish Network
  • Verizon FIOS
  • AT&T U-verse
  • Cox Communications

and many others require the independent contractor installers to carry certain types of commercial insurance to install for them.

General Liability

The first type of insurance is called general liability. General liability insurance is a type of insurance that covers you when things happen as part of your regular business tasks. For example, if you were to accidentally destroy someone's television or satellite setup and had to replace these electronics, general liability insurance may cover you. In addition, it covers things like damage from the installation of underground cables that interfere with electrical or sewage lines, accidents that happen at the actual business location and various other things that could make you liable in the lawsuit.

Inland Marine Coverage

Inland Marine insurance coverage is a certain type of Maine cable and satellite TV installer insurance coverage that is intended for businesses that do a great deal of their work mobile. Satellite and television cable installers have to travel to ME customers' homes to install satellite dishes, cable lines, cable boxes and more. Many satellite and television installers work exclusively out of their truck. All of their equipment is located in there as well. Inland Marine coverage covers things like damage to an installer's tools and equipment when they are out doing their job, theft of those tools and equipment and more.

Business Property Insurance

Business property insurance is important for companies that have a ME physical location that they do business out of. Property insurance protects companies from things like theft, fire, natural disasters and more. In the case of a cable or TV installer, there may not be much face-to-face time with customers at a physical location, but you are still going to have employees that work at that location including people that set up installer appointments or do customer service, administrative staff and storage of equipment for installers.

Business Income Insurance

The income from a satellite or cable installer business might stagnate at certain points and make it difficult for installers to respond to calls or do new installations because their equipment or tools were stolen or damaged. Business income insurance protects you against this. Although this is not required, and most people do not use this option to protect themselves against loss of income, with cable and TV installer job specifically, it can be a useful addition because there are so many variables that can control whether or not you get work.

Workers Compensation

If you have other employees that are installing cable or satellite dishes, or you have employees that work on site that do customer service or set appointments, then you may need worker's compensation insurance. Workers Comp protects employees who are injured on the job. This is especially important for cable and satellite TV installers, because the work can be dangerous. In addition, workers compensation insurance is actually required by law in most states if you have any employees that earn a salary or are paid by the hour.

Commercial Auto Insurance

You are definitely going to need commercial automobile insurance as a ME cable or satellite TV installer. Since you are going to be working out of your vehicle most of the time, commercial auto insurance is required. Business auto insurance protects you the same way that regular car insurance does, but it is specifically designed for people that use a vehicle for their job.

Satellite TV & Cable Installer Insurance Coverage

Some other types of insurance that you may want to consider include; equipment breakdown insurance, which keeps you safe in case of a major equipment breakdown that can cost you so much that your business cannot keep up, cyber liability insurance which is important if you are taking customer information like credit cards. employment related practices insurance which keeps you safe from suits like sexual harassment or discrimination and umbrella coverage which offers additional liability protection.

Maine Economic Data, Regulations And Limits On Commercial Insurance

Made In Maine

You have a great idea for a business and you have developed excellent products and services that you are certain people will benefit from. You've also developed a viable business plan. Now you need to choose a place to start your company.

In order for your company to be as successful as possible, you need to choose a location that offers a favorable market for your specific business. After all, if the area doesn't offer a job force to support your operation or a target market that will purchase your products and services, you likely aren't going to succeed.

With that said, if you are thinking about starting a business in Maine, having an understanding of the state's economic trends is essential. It's also important to know what type of commercial insurance you'll need to carry. Below, we offer an overview of this information so that you can determine if ME is right for your business.

Economic Trends For Business Owners In Maine

Unemployment rate is a good indicator of a state's economic climate. The lower the rate, the more opportunities exist for business owners, as it suggests that there are ample job opportunities, and the more job opportunities, the more successful businesses there are in the region.

As per the Bureau of Labor Statistics, the unemployment rate in the state of Maine was 2.9% in December, 2019; that's 0.6% lower than the national average, which was 3.5% at the same time.

Additionally, according to economists, more employment opportunities are expected in the coming years, which will further reduce the unemployment rate.

While locations throughout the state offer opportunities for business owners, there are certain locations that are ideal for entrepreneurs. These locations include:

  • Bangor
  • Bar Harbor
  • Portsmouth
  • Augusta

These cities are the largest in the Pine Tree State, so it's understandable why they offer the best opportunities for businesses. While Maine is home to multiple industries, there are specific sectors that do particularly well here, including:

  • Agriculture
  • Construction
  • Education
  • Entertainment
  • Finance and insurance
  • Healthcare
  • Hospitality and tourism
  • Information technology
  • Manufacturing
  • Professional services
  • Real estate
  • Retail
  • Transportation

Therefore, if you are considering launching a business in any of these industries, Maine is likely a good location for your company.

Commercial Insurance Requirements In Maine

The Maine Bureau of Insurance regulates insurance in ME. Maine mandates very few forms of insurance coverage by law. They enforce worker's compensation.

Maine requires you to have worker's compensation insurance if you hire even one employee on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. Independent contractors do not count as employees, but if those contractors employ subcontractors, the subcontractors must be covered by a workers compensation policy.

Maine also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.

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.


Contractors And Home Improvement Insurance

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.

Minimum recommended small business insurance coverage: Business Personal Property, Employee Dishonesty, Contractors' Equipment and Tools, General Liability, Employee Benefits Liability, Umbrella Liability, Automobile Liability and Physical Damage, Hired and Non-owned Auto & Workers Compensation.

Other commercial insurance policies to consider: Building, Business Income with Extra Expense, Earthquake, Flood, Leasehold Interest, Real Property Legal Liability, Accounts Receivable, Builders Risk, Computers, Goods in Transit, Installation Floater, Valuable Papers and Records, Cyber Liability, Employment-related Practicesand Stop Gap Liability.


Request a free Maine Cable And Satellite TV Installer insurance quote in Arundel, Auburn, Augusta, Bangor, Bar Harbor, Bath, Belfast, Berwick, Biddeford, Brewer, Bridgton, Brunswick, Bucksport, Buxton, Camden, Cape Elizabeth, Caribou, Casco, China, Cumberland, Dexter, Dover-Foxcroft, Durham, Eliot, Ellsworth, Fairfield, Falmouth, Fort Kent, Freeport, Fryeburg, Gardiner, Glenburn, Gorham, Gray, Greene, Hampden, Harpswell, Hermon, Hollis, Houlton, Jay, Kennebunk, Kennebunkport, Kittery, Lebanon, Lewiston, Limington, Lincoln town, Lisbon, Litchfield, Lyman, Madawaska and Wiscasset, Madison, Millinocket, Monmouth, Naples, New Gloucester, North Berwick, North Yarmouth, Norway, Oakland, Old Orchard Beach, Old Town, Orono, Orrington, Oxford, Paris, Pittsfield, Poland, Portland, Presque Isle, Raymond, Richmond, Rockland, Rumford, Sabattus, Saco, Sanford, Scarborough, Sidney, Skowhegan, South Berwick, South Portland, Standish, Topsham, Turner, Vassalboro, Waldoboro, Warren, Waterboro, Waterville, Wells, Westbrook, Wilton, Windham, Winslow and Farmington, Winterport, Winthrop, Yarmouth, York and all other cities near me in ME - The Pine Tree State.

Also find Maine insurance agents & brokers and learn about Maine small business insurance requirements for general liability, business property, commercial auto & workers compensation including ME business insurance costs. Call us (207) 401-4779.

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