Sign Installation And Repair Insurance South Carolina Policy Information
Sign Installation And Repair Insurance South Carolina. Sign painters offer interior and exterior painting of signs on buildings and billboards. Paints may include stains, enamels, and varnishes. In addition to an office, there is often a shop where prep work is done, including layout, design and production of guides, stencils, and perhaps even completed signs to be installed. If large signs are produced, there may also be a contractors yard for installation equipment.
As a sign installer, you are tasked with the responsibility of installing signage for various types of clients. The signs you install can vary in shape and size, and the locations where they are installed can also vary. However, generally speaking, most signs that you will be installing will be large and they will be positioned in high locations. While installing signs, you will have to contend with a variety of conditions, including tumultuous weather, high wind, slipper conditions, and various types of equipment.
Given the nature of your job, as a sign installer, you face a variety of risks. In order to protect yourself from these risks, investing in the right type of sign installation and repair insurance South Carolina is essential.
Sign installation and repair insurance South Carolina protects your business from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Why Do SC Sign Installers Need Insurance?
As mentioned, sign installers face a variety of risks. The very nature of your job can put you or your staff at-risk of personal injuries. Your property could be damaged, or you could damage the property that you are installing the sign on. While you make every effort to ensure safe and proper installation, there's always a chance that something could go awry, and when it does, you will be held liable. The costs of repairing damaged property, lost equipment, and medical bills can be exorbitant. Paying for those expenses out of your own pocket could end up putting you in a serious financial situation.
In order to offset the expenses of any mishaps that occur, its important to carry the right type of sign installation and repair insurance South Carolina. If you are properly insured, when something goes wrong, instead of paying for the expenses yourself, your insurance carrier will cover them for you. In other words, insurance can help to protect you from significant and potentially devastating financial losses.
What Type Of Sign Installation And Repair Insurance Policies Do You Need?
The type of sign installation and repair insurance South Carolina you will need as an SC sign installer depends on several different factors. The size of your business, the nature of the signs that you install, the type of clients you work with, and where your business is located are just some of the factors that will affect the kind of insurance coverage you need. With that being said, there are specific types of coverage that all sign installers should carry, including:
- Commercial General Liability - This type of insurance protects you against third-party personal injury and property damage liability claims. For example, if a client files a lawsuit against you, claiming that you damaged their property, commercial general liability insurance would cover the cost of your legal defense fees, as well as any damages that you are held liable for.
- Commercial Property - To protect the physical structure of your business and the contents within it, you will need to invest in commercial property insurance. This coverage protects you against certain acts of nature, such as fire or pipe bursts, vandalism, and theft. If your commercial space is damaged in a fire, for example, this type of insurance will help to pay for any repairs that need to be made and property that needs to be replaced.
- Workers Compensation - If you employ a staff, you are responsible for any work-related injuries that they may sustain. Workers comp insurance will cover the cost of medical care if an employee is injured while working, as well as replace any wages that the employee loses while he or she is unable to work.
- Inland Marine - To protect gear and equipment while its in-transit, inland marine insurance is a must. This type of insurance protects commercial property that is damaged or stolen when it is off your commercial property; for instance, if a piece of equipment is stolen while you are installing a sign, this insurance will help to pay for the cost of replacing it.
These are just a few of the examples of the sign installation and repair insurance South Carolina coverage you will need to invest in.
SC Sign Installation And Repair Risks & Exposures
Premises liability exposures are light at the painter's own premises due to lack of public access. If there is a storage yard or shop operation, a fire can affect neighboring businesses or homes. Outdoor storage may create vandalism and attractive nuisance hazards.
Off-premises exposures are moderate due to hazards at the job site. The areas of operation should be restricted by barriers and proper signage to protect the public from slips and falls from spills and equipment and supplies impeding access. Property damage can occur from spills, overspray, paint fumes and vapors, and falling objects if any work is done above ground. If the paint contractor has to remove old paint or coverings, the scraping, chemical applications, or sandblasting can damage the customer's premises.
Environmental impairment liability exposures are high from potential spills and the disposal of waste paints, solvents, and chemicals.
Workers compensation exposure is often low for sign painting inside the building, although strains, back injuries, hernias, and repetitive motion injuries are possible. When work is done on ladders and scaffolds, there is a potential for severe injury or death from falling, being struck by falling objects, sudden gusts of wind, and other adverse weather conditions. The danger is reduced if there is good maintenance of scaffolds and other equipment, proper use of protective equipment, and strict enforcement of safety practices.
Other hazards include the use of caustics, paints and thinners that generate fumes, lifting, the use of power tools, foreign objects in eyes, and respiratory ailments. Casual labor and high turnover may be a problem, especially in prep and cleanup work. The removal of old paint can result in exposure to lead dust. Lack of procedures for safe clean-up and disposal of chips and the solvents used to remove lead, adds significantly to the loss potential.
Property exposures may be light, consisting only of an office with design work or hand lettering. An equipment storage yard or an extensive shop with spray painting increases the potential for fire and explosion due to the presence of flammables. All spray painting should be done in booths with good ventilation and UL-approved explosion-proof wiring and fixtures. Poor housekeeping or improper storage or labeling of flammable, hazardous, or reactive substances significantly increases the hazards.
Crime exposures are from employee dishonesty. Background checks, including criminal history, should be obtained on each employee prior to hiring. Ordering, billing, and disbursement should be handled as separate duties with reconciliations occurring regularly. There should be appropriate procedures in place when employees accept payments off site.
Inland marine exposures are from accounts receivable if the painter offers credit to customers, contractors equipment taken to job sites, transportation and installation of signs, and valuable papers and records for customers' and suppliers' information. For signage inside of buildings, equipment may be limited to brushes and other hand tools. Outside work will require scaffolding or specialized equipment such as hoists or cherry pickers for work on billboards or on the exterior of buildings. Equipment may be rented, leased or borrowed from others or the insured may rent, lease or loan the equipment to others when not in use in their own operations.
Disabling the equipment when left unattended is an important security measure in preventing theft or vandalism. Goods in transit may include oversized signs to be installed. These may be damaged during transit from breakage, collision or overturn. Installation hazards vary depending on the size, height, and value of the signs.
Commercial auto exposures are generally limited to driving to and from job sites with crew, equipment and supplies. If there is work at heights, vehicles may carry the scaffolding, lifts, and similar equipment. Though not common, there may be specialized equipment such as cherry pickers or oversized loads if large signs are transported to the job site. All drivers must be well trained and have valid licenses for the type of vehicle being driven. 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.
Sign Installation And Repair Insurance - The Bottom Line
To find out more about the specifics of insurance coverage, including the amount of coverage you should carry and any other additional policies you should invest in, speak with a reputable agent that has experience in commercial insurance. By investing in the right type of sign installation and repair insurance South Carolina for your business, you will have peace of mind knowing you are properly covered.
South Carolina Economic Data, Regulations And Limits On Commercial Insurance
If you are an entrepreneur and you are either thinking about starting a new business or you are considering expanding an existing company to a new location, you know how important it is to choose the right area for your operation. In order to achieve as much success as possible, the location must offer favorable conditions and a market that will benefit from your products and services, and that those products and services will appeal to.
There are several aspects that indicate whether or not a specific state offers favorable conditions for business operations. Two of the most crucial aspects include the unemployment rate of the state, as well as the industries that are seeing the most activity in the state.
Additionally, it's also vital for prospective business owners to be aware of the different types of commercial insurance policies they will need to carry within a particular state to ensure that they are properly covered and complaint with the law.
If you're thinking about conducting business operations in South Carolina, read on for an overview of the economic trends and commercial insurance requirements in the Palmetto State.
Economic Trends For Business Owners In South Carolina
Unemployment rate is a telltale indicator of the economy of a state. The lower the rate, the healthier the economy is, and in turn, the more opportunities there are for businesses. As per the Bureau of Labor Statistics, the unemployment rate in the state of South Carolina was 2.3% in December, 2019.
Compared to the national average of 3.5% during the same time period, the economy of SC is booming. The health of the economy is further illustrated by the steady decline in the state's unemployment rate, which was 3.4% in July, 2019 and fell steadily until reaching the above-mentioned 2.3% in the last month of the year.
As in most states, large metropolitan areas are the best places to start a business in South Carolina; however, there are also several smaller cities and suburban locals that are also seeing an uptick in business ventures. Some of the destinations that companies might consider include:
- Fort Mill
- Hilton Head Island
- Myrtle Beach
The industries that are seeing the most activity in SC include:
- Aerospace and aviation
- Alternative energy
- Automotive manufacturing
- Biotechnology and life sciences
- Hospitality and tourism
- Logistics, transportation, and distribution
Commercial Insurance Requirements In South Carolina
The South Carolina Department of Insurance regulates insurance in SC. South Carolina mandates very few forms of insurance coverage by law. They enforce worker's compensation.
South Carolina requires you to have worker's compensation insurance if you hire four or more employees on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
South Carolina 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.
- Air Conditioning Systems Installation Repair
- Appliance Repair & Service
- Blacksmith & Metal Workers
- Boat Repair & Dry Docks
- Boiler Contractors
- Builders Risk
- Building Cleaning & Maintenance Services
- Cabinet Installer
- Cable And Satellite TV Installer
- Chimney Sweep
- Cistern Contractors
- 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
- Furniture Repair
- Garage Door Installer And Repair
- General Contractors
- Glass Contractor
- Glazier Insurance
- Gutter Installation And Repair
- House Cleaning
- HVAC Contractor
- Insulation Contractor
- Janitorial Cleaning Services
- Lawn Care
- Lawn Irrigation Sprinkler System Installation
- Oil And Gas Well Drilling Contractors
- 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
- Surety Bonds
- Swimming Pool Contractor
- Swimming Pool Service And Maintenance
- Tool Grinding And Repair
- 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 Sign Installation And Repair Insurance South Carolina quote in Abbeville, Aiken, Anderson, Batesburg-Leesville, Beaufort, Belvedere, Bennettsville, Berea, Bluffton, Boiling Springs, Burton, Camden, Cayce, Centerville, Central, Charleston, Cheraw, Chester, Clemson, Clinton, Clover, Columbia, Conway, Darlington, Dentsville, Dillon, Easley, Edgefield, Five Forks, Florence, Forest Acres, Forestbrook, Fort Mill, Fountain Inn, Gaffney, Gantt, Garden City, Georgetown, Goose Creek, Greenville, Greenwood, Greer, Hanahan, Hardeeville, Hartsville, Hilton Head Island, Hollywood, Homeland Park, Irmo, James Island, Ladson, Lake City, Lake Murray of Richland, Lake Wylie, Lancaster, Laurel Bay, Laurens, Lexington, Little River, Lugoff, Marion, Mauldin, Moncks Corner, Mount Pleasant, Murrells Inlet, Myrtle Beach, Newberry, North Augusta, North Charleston, North Myrtle Beach, Oak Grove, Orangeburg, Parker, Piedmont, Port Royal, Powdersville, Red Bank, Red Hill, Rock Hill, Sangaree, Sans Souci, Seneca, Seven Oaks, Simpsonville, Socastee, Spartanburg, St. Andrews, Summerville, Sumter, Taylors, Tega Cay, Travelers Rest, Union, Valley Falls, Wade Hampton, Walterboro, Welcome, West Columbia, Woodfield, York and all other SC cities & South Carolina counties near me in The Palmetto State.
Also find South Carolina insurance agents & brokers, SC local small businesses by General Liability Class Code and learn about South Carolina small business insurance requirements for general liability, business property, commercial auto & workers compensation including SC business insurance costs. Call us (803) 500-9096.