Ohio Garage Door Installer And Repair Insurance Policy Information
Ohio Garage Door Installer And Repair Insurance. If you are thinking about starting up a garage door installation and repair business, there's no doubt that you have a lot on your mind. You want to make sure you choose the best name for your company, that you have a well-designed website, and that you employ the best professionals and have the highest quality products to ensure you deliver exceptional service.
Garage door retailers sell, install, service and repair overhead doors for commercial or residential use. The doors may be fiberglass, metal, or wood. Installation includes framing work, such as structural support for the new door, assembly and hanging of component parts, then testing the final installation to be sure the door opens and closes properly.
There's one thing that you might be overlooking, however: business insurance. Commercial insurance is vital for any business, including OH garage door installation. It safeguards you, your employees, and your clients from any legal issues that may arise. There are a lot of options available for Ohio garage door installer and repair insurance, so it's important to have a firm understanding of the policies you can get and what they offer.
Ohio garage door installer and repair insurance protects your company from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Do You Need OH Garage Installation & Service Insurance?
Garage door installers are professionals who specialize in the installation and repair of various types of garage doors for both residential and commercial properties. Not only do you install the garage door, but you also install other elements that are needed to secure the door to the structure, such as the frame, any hardware that is needed, operators, trim, handles, and possibly even windows. You also make repairs to garage doors that were previously installed in a structure.
Because of the complexity of this job and the heavy equipment that is involved, there are several risks that are associated with this type of business. For example, if a door is not installed properly, it could cause an accident that results in an injury to someone, or it could damage property.
In order to protect the financial assets that are associated with your business in the event of an accident, a poor installation, or faulty equipment, Ohio garage door installer and repair insurance is a requirement in order to own and operate this type of business.
General Liability Insurance For Garage Door Service
If you operate a OH garage door installation and service company, there's one type of insurance that you are going to want to have: commercial general liability insurance. This type of policy is the most basic form of insurance for garage door installation companies and it provides coverage for several things, including:
- Products liability: Under general liability insurance, any products you use will be covered, such as the garage door and the products that are used to install or repair it. For example, if there is an issue with the garage door after it has been installed or repaired, such as defective hardware that has prevented the door from opening and a client files a legal claim, products liability will cover the costs of the damage.
- Premises Liability: It's likely that you have an office for your OH garage door installation and repair business. If you do, you need to make sure that you are protected from any injuries that may occur on the premises. Commercial general liability insurance also offers coverage for premises liability. So, in the event that a client slips and falls at your office and sustains an injury, your insurance policy will cover the costs medical care, as well as any legal proceedings that may arise.
- Completed Operations: Completed operations offers protection for any issues with equipment that may arise after it has been installed. For instance, if there was an issue with the garage door frame that caused the door to fall on top of a customer after it was installed, the completed operations portion of commercial general liability insurance will cover the costs of any medical care that is needed, as well as legal proceedings that may arise.
Additional Insurance Coverage Options
There are other types of Ohio garage door installer and repair insurance coverage that you might want to consider purchasing for your garage door installation and repair company outside of general commercial liability insurance. These options include:
- OH Business Auto Insurance - If you or your employees drive vehicles for your business, having a business auto insurance policy is a good idea. Should an car accident occur, this type of insurance will cover the damages the vehicle sustains, as well as bodily injuries and damaged equipment within the vehicle. Also most commercial auto policies also cover theft or vandalism.
- OH Workers Compensation - If you have an non-owner employees on your payroll, you are likely going to be required to have workers comp. Each state differs regarding requirements for this type of insurance, but in general, it is meant to protect your company and your workers in the event someone is injured on the job. Accidents do happen while installing garage doors and your workers should be covered.
Garage Door Repair & Service Coverage Options
Work with your agent to provide information about your business and get quotes for your OH garage installer & repair insurance based on your specific situation and risk tolerance.
OH Garage Door Sales, Service & Repair Risks & Exposures
Premises liability exposures come from slips and falls due to public access to the retail premises. Floor coverings must be in good condition with no cracks or holes in flooring. Sufficient exits must be provided and be well marked, with backup lighting systems in case of power failure. Parking lots and sidewalks need to be level and in good repair with snow and ice removed.
At customers' premises, liability exposures are very high as much of the work may have to be carried out during working hours while the homeowner or the business customer's employees are on the premises. Access to the installation or repair area should be controlled. Welding presents potential for burns or setting the property of others on fire if not conducted safely. Tools, power cords, and scrap all pose trip hazards even when not in use. If there is work at heights, falling tools or materials may cause damage and injury if dropped from ladders or scaffolding.
Property exposures include office, retail store, and storage areas. Ignition sources are generally limited to heating and cooling systems and electrical wiring. Wood doors are flammable and susceptible to damage from fire, smoke, and water.
Flammables such as paints, varnishes, strippers, degreasers, and solvents used for repair operations must be properly stored, separated, and controlled. Plastics will cause an oily smoke that can permeate items, reducing any salvage opportunities. Forklifts inside the warehouse should be recharged in an area with good ventilation away from combustibles. There should be no smoking on premises.
Business interruption is a concern as sales may peak at particular times during the year.
Workers compensation exposures are high as door panels are heavy and awkward. Back injuries from lifting, slips and falls, cuts and punctures from hand tools, and foreign objects in the eye are common. Installation, service and repair work may be done in severe heat during the summer or inclement weather in the winter. Springs can snap, resulting in severe injury. When work is done on ladders and scaffolds, there is a potential for severe injury or death from falling or being struck by falling objects.
Safety equipment should be provided. Workers should be trained on proper lifting techniques. Conveying devices should be available to help with lifting. Drivers of delivery vehicles may be injured in auto accidents.
Crime exposures are from employee dishonesty and loss of money and securities. Background checks should be conducted on all employees handling money. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements. If installers can accept payment, a receipt procedure must be in place with funds immediately taken to the office.
Inland marine exposures include accounts receivable if credit is offered, contractors' equipment, goods in transit, installation floater, tools (including employees' tools), and valuable papers and records for customers' and vendors' information. Backup copies of all records, including computer records, should be made and stored off premises.
Products liability exposure can be high as overhead doors are used in both commercial and residential structures. Should the door fail, it could fall and severely injure persons or damage property. Installation should follow the specifications provided by the manufacturer. Older doors made before improved safety features were introduced may be in use for decades.
Commercial auto exposures are moderate as the overhead doors are transported to customers' premises for installation. Door panels are heavy and require tie-downs during transport to prevent shifting that can cause overturn. Drivers must have appropriate licenses. MVRs must be checked regularly. Vehicles should be routinely maintained with documentation kept at a central location. Garage door retailers generally provide vehicles to sales representatives who travel to customers' premises. There should be written procedures regarding private and permissive use.
Insurance Classification Of Garage Door Sales, Service & Repair Companies
Insurers classify garage door businesses using several coding systems. You can wind up paying more for your insurance if your company is not properly classified - like a residential garage doors operation being coded as commercial installer. Below are the most commonly used coding systems for garage door sales, installation and service insurance:
- ISO General Liability Codes: 91342, 91746
- NAICS CODES: 238290 Other Building Equipment Contractors, 238350 Finish Carpentry Contractors
- SIC CODE: 1751 Carpentry Work
- Suggested Workers Compensation Codes: 3724
Ohio Economic Data, Regulations & Commercial Insurance Minimum Requirements
If you're an entrepreneur, you know how important it is to research the location where you plan on setting up shop. No matter how how-quality and valuable the products and/or services your business offers may be, if you're situated in an area that isn't suitable for your operation (the wrong target demographic, a poor market, etc.), you just aren't going to achieve the success that you're hoping for.
If you're considering Ohio for your headquarters or for a new branch of your business, you definitely want to take the time to research the area before you set up shop. Below, we'll take a look at the economic trends of the Buckeye State, including employment rates and key industries that are thriving in the area. We'll also highlight some of the key forms of commercial insurance business owners need to carry when operating in Ohio.
Economic Trends for Business Owners In Ohio
The Buckeye State has seen a marked increase in job growth, which is indicated by the record low unemployment rate. According to the Ohio Department of Job and Family Services, as of April, 2019, the rate of unemployment was 4.3 percent; the lowest it's been in more than 18 years. In April the previous year, the rate was 4.6 percent, a difference of .03 percent in 1 year; however, and more notably, the rate has dropped .01 percent in just one month, as it was 4.4 percent in March, 2019. July, 2001 was the last time Ohio saw such a low level of unemployment, when the rate was 4.2 percent.
In January, 2010, the rate was an astounding 11.1 percent, so it's safe to say that there has been a definite decrease in the number of jobless people in the Buckeye State, which is a strong indication of the overall economy of the state.
The greater Cincinnati area is one of the best places for businesses in Ohio, where smaller cities are seeing the largest growth. Examples include Blue Ash, Beachwood, Independence, Sharonville, and Springdale. Industries that are thriving in Ohio include:
- Advanced Energy and Environmental Technologies
- Aerospace and Aviation
- Information Technology
- Logistics and Distribution
- Oil and Gas
Business Insurance Regulations In OH
The Ohio Department of Insurance regulates insurance in Ohio. Certain policies are mandated in Ohio, meaning business owners must carry specific types of coverage. Business owners can protect themselves, the customers they serve, the vendors they work with, and their workers from various risks by investing in the right type of insurance coverage. Coverages that are required include:
Workers Compensation - Most Ohio businesses with employees are required to pay for workers comp. If your OH business has just one employee, you're probably required to carry workers' compensation insurance. In Ohio, workers' compensation insurance is provided through the state - rather than through private insurance companies.
Other forms of insurance that business owners may be required by contract or municipality. The amount of coverage business owners need to carry for each policy vary and depend on a variety of factors, including the size of the operation, the number of employees, and the nature of operations.
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
- Appliance Repair & Service
- Blacksmith & Metal Workers
- Builders Risk
- Building Cleaning & Maintenance Services
- Cabinet Installer
- Cable And Satellite TV Installer
- Chimney Sweep
- Contractor Liability
- Curtain Cleaners
- Deck Builders
- 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
- Gutter Installation And Repair
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Lawn Irrigation Sprinkler System Installation
- 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
- Sign Installation & Repair
- Solar Panel Installers
- Snow Plow
- Stone And Tile Installer
- Swimming Pool Contractor
- Swimming Pool Service And Maintenance
- Tree Surgeon
- Tree Trimming
- Tank Cleaners
- 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.
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 Ohio Garage Door Installer And Repair insurance quote in Adel, Algona, Altoona, Ames, Anamosa, Ankeny, Asbury, Atlantic, Bettendorf, Akron, Alliance, Ashland, Ashtabula, Athens, Austintown, Avon, Avon Lake, Barberton, Beavercreek, Berea, Boardman, Bowling Green, Broadview Heights, Brook Park, Brunswick, Canton, Centerville city, Chillicothe, Cincinnati, Cleveland, Cleveland Heights, Columbus, Cuyahoga Falls, Dayton, Delaware, Dublin, East Cleveland, Eastlake, Elyria, Euclid, Fairborn, Fairfield, Findlay, Forest Park, Gahanna, Garfield Heights, Green, Grove City, Hamilton, Hilliard, Huber Heights, Hudson, Kent, Kettering, Lakewood, Lancaster, Lebanon, Lima, Lorain, Mansfield, Maple Heights, Marion, Marysville, Mason, Massillon, Mayfield Heights, Medina, Mentor, Miamisburg, Middletown, New Philadelphia, Newark, Niles, North Canton, North Olmsted, North Ridgeville, North Royalton, Norwood, Oregon, Oxford, Painesville, Parma, Parma Heights, Perrysburg, Pickerington, Piqua, Portsmouth, Reynoldsburg, Riverside, Rocky River, Sandusky, Shaker Heights, Sidney, Solon, South Euclid, Springboro, Springfield, Steubenville, Stow, Strongsville, Sylvania, Tallmadge, Tiffin, Toledo, Trotwood, Troy, Twinsburg, Upper Arlington, Wadsworth, Warren, Westerville, Westlake, White Oak, Whitehall, Willoughby, Wooster, Xenia, Youngstown, Zanesville and all other cities in OH - The Buckeye State.
Also learn about Ohio small business insurance requirements for general liability, business property, commercial auto & workers compensation including OH business insurance costs. Call us (614) 407-1774.