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.
Paperhanging Contractors Insurance Florida
Paperhanging Contractors Insurance Florida. As a paperhanging contractor, your clients rely on you to beautify their interior spaces by applying decorative paper coverings on their walls. When your clients hire you, they expect you to get the job done right the first-time around, and they expect you to have it completely in a timely manner and for the price that you quoted them. While you love what you do and you're good at it, too, it's safe to say that you have a lot of demands on your shoulders.
Paperhanging and wallpaper contractors apply wall coverings to building interiors. They may be associated with either painting contractors or interior decorators and perform related services. Paperhangers may work on new construction or in connection with remodeling or renovation.
Operations generally involve surface preparation by stripping old coverings, cleaning the surface to be papered, applying sizing to the surface, cutting the wallpaper to the required size, applying adhesive to the wallpaper, applying the wallpaper to the surface, and cleaning up.
No matter how good you are and how much care you take to get the job done right, mishaps can occur at any time. For that reason, it's absolutely essential that you protect yourself from any fallout that you might face should the unexpected happen. How can you do that? - With the right type of paperhanging contractors insurance Florida coverage.
Paperhanging contractors insurance Florida protects your wall covering installation business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Why Do Paper Hangers Need Insurance?
Whether you own a small FL paper hanging business that specializes in specific types of decorative wall paper, you operate a large company that hangs all types of wall coverings for commercial and residential clients, or you own a retail store where your clients can browse through inventory and select the wall coverings they want, you need to invest in insurance.
Why? - Because there's no way to completely avoid the unexpected. Clients, vendors, or employees could suffer injuries on the premises of your commercial space; a customer could file a lawsuit against your business, claiming you damaged their property during an installation; a fire could break out in your business, damaging your retail space and all of the contents within it.
These types of situations cause more than just a headache; they cause serious financial hardships if you don't have the right type of insurance coverage. Without paperhanging contractors insurance Florida, you would have to pay for any damages, medical expenses, legal defense fees - and more - out of your own pocket. Imagine how much you and your business would suffer if you had to pay for lawyers fees, medical bills, and repairs from your own wallet?
With the right insurance, however, you can avoid the financial turmoil because your carrier would help to cover these types of expenses. In other words, insurance safeguards you from financial devastation, which is exactly why it is one of the most important investments you can make for your FL paperhanging business.
What Type of Insurance Do Paperhanging Contractors Need?
The specific type of coverage that FL paperhanging contractors require depends on a variety of factors. The size or your company, your zip code, your clients, and the number of employees you hire are just some of the factors that will determine what policies you should invest in and how much coverage you should carry. However, there are certain types of paperhanging contractors insurance Florida coverage that all paperhangers contractors should invest in, no matter what the specific details of their business may be:
- Commercial General Liability - This type of insurance protects you from any third-party injuries or property damage claims that may be made against you. For instance, if a client claims that you damaged their property while you were providing a service, or a customer trips over a box of wallpaper at your retail space, commercial general liability insurance will help to cover the cost of any legal fees and damages that may arise.
- Commercial Property - Should your business be damaged in a storm or a fire, or should someone vandalize your store or steal anything within it, commercial property insurance will help to pay for the cost of repairing and/or replacing the damaged or stolen items. For instance, if your signage is vandalized, windows are broken, and equipment is stolen from your commercial space, commercial property insurance will help to pay for the damages.
- Workers Compensation - If you employ a crew of 100 people or you only have 2 staff members working for you, you're also going to need to invest in workers comp insurance. If an employee suffers an on-the-job injury or illness, the provider of this type of policy will cover the cost of any necessary medical care, as well as wages the employ loses while he or she is unable to work, and any lawsuits that may be filed against you.
FL Paperhangers 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 limited. Tools, supplies and scrap all pose trip hazards even when not in use. If there is work at heights, falling tools or supplies may cause bodily injury or property damage if dropped from ladders and scaffolding. Removal of old paint or wall coverings may involve scraping, chemical applications, or sandblasting which can damage other property of the client. The job may require the removal of old lead-based paint.
Products and completed operations liability exposures are low as improper installation is unlikely to cause extensive damage. Environmental impairment liability exposure is limited unless the paperhanger removes and disposes of lead-based paints.
Workers compensation exposures vary based on the size and nature of the job. Work with hand tools and sharp objects such as box cutters used to cut and trim wall coverings can result in cuts and piercings. Back injuries, hernias, sprains and strains can result from lifting, bending, or handling wallpaper at awkward angles.
Workers can experience lung, eye or skin irritations and reactions because of exposure to chemicals used to strip and clean surfaces and to adhesives used to apply wall coverings. 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. Casual labor and high turnover may be a problem, especially in the preparation and cleanup work.
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. Wallpaper is susceptible to damage by fire, smoke, moisture, humidity and weather perils. Theft exposure is usually low.
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.
Inland marine exposures include accounts receivable if the paperhanger offers credit to customers, contractors' equipment and tools, goods in transit, installation floater, and valuable papers and records for customers' and suppliers' information. The equipment may be limited to rollers and other hand tools, or may include ladders or scaffolding. During installation, the materials are subject to loss or damage by fire, theft, contamination/damage by employees of other contractors, vandalism, and weather-related perils.
Commercial auto exposures are generally limited to transporting workers, equipment, and materials to and from job sites. 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.
FL Paperhanging Contractors Insurance
You put a lot of effort, time, and money into your wall covering contracting business, and you do your very best to make sure you are providing your clients with the best services possible. However, sometimes, there's no way to avoid the unexpected - especially considering how litigious our society has become.
To protect your livelihood, it is absolutely essential for paperhangers to invest in the right type of paperhanging contractors insurance Florida protection. To find out exactly what type of coverage you need and how much you should carry, speak to a commercial broker.
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.