Cable And Satellite TV Installer Insurance Policy Information
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.
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
Below are some answers to commonly asked cable and satellite television installation insurance questions:
- What Is Cable And Satellite TV Installer Insurance?
- How Much Does Cable And Satellite TV Installer Insurance Cost?
- Why Do Cable And Satellite TV Installers Need Insurance?
- What Type Of Insurance Do Cable And Satellite TV Installers Need?
- What Are Cable And Satellite TV Installers Recommended Coverages?
- What Does Cable And Satellite TV Installer Insurance Cover & Pay For?
What Is Cable And Satellite TV Installer Insurance?
Cable and satellite TV installer insurance is a type of insurance designed to protect cable and satellite TV installers and their businesses from financial losses due to accidents, injuries, or damage to property while they are installing or servicing cable and satellite TV systems.
This insurance typically covers things like liability for accidents or injuries that occur on the job, damage to equipment or vehicles, and lost income due to business interruption.
It may also include coverage for errors and omissions, or professional liability, which covers mistakes made while installing or servicing the systems.
How Much Does Cable And Satellite TV Installer Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small cable and satellite TV installation businesses ranges from $27 to $49 per month based on location, size, payroll, sales and experience.
Why Do Cable And Satellite TV Installers Need Insurance?
Cable and satellite TV installers need insurance for several reasons. Firstly, they are often working with expensive equipment and technology, which can be damaged or lost during the installation process. Insurance can protect against these financial losses.
Secondly, cable and satellite TV installers often work in potentially hazardous environments, such as on rooftops or inside attics. Accidents can happen, and insurance can provide financial protection in the event of an injury.
Thirdly, cable and satellite TV installers often work in customers' homes, and there is always a risk of damage to the property during the installation process. Insurance can cover any damages that may occur.
Finally, cable and satellite TV installers may also face liability risks if they are accused of negligence or errors in their work. Insurance can provide legal protection and financial coverage in these cases.
Overall, insurance is essential for cable and satellite TV installers to protect themselves and their businesses against potential financial losses and liabilities.
What Type Of Insurance Do Cable And Satellite TV Installers Need?
The most common small business insurance policies cable and satellite TV installers carry are: general liability, commercial auto, and workers' compensation. There are other specialty coverages available based on their specific operations.
What Are Cable And Satellite TV Installers Recommended Coverages?
- 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 cable and satellite TV installer insurancetypes - and why you need them. And please note large cable & satellite TV providers like:
- Comcast Xfinity
- Time Warner
- 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.
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 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 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 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.
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 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.
What Does Cable And Satellite TV Installer Insurance Cover & Pay For?
Examples of Cable and Satellite TV Installer Claims:
- Property Damage: A cable installer accidentally drills into a wall and damages the property of a customer, resulting in repair costs and potential legal action.
- Personal Injury: While installing a satellite dish on a customer's roof, a cable installer slips and falls, injuring themselves and potentially causing damage to the customer's property.
- Breach of Contract: A cable installation company fails to provide the agreed-upon services or delivers subpar work, leading to dissatisfaction and potential legal action from the customer.
- Misrepresentation: A cable installer misrepresents their qualifications or experience, leading to poor-quality work that results in property damage or other issues for the customer.
How Cable and Satellite TV Installer Insurance Can Help: Cable and Satellite TV Installer insurance can help pay for legal fees, settlements, and judgments resulting from claims made against cable installation companies. For example:
Property Damage: Cable and Satellite TV Installer insurance typically includes coverage for property damage caused by installers, including the cost of repairs and any legal fees associated with the claim.
Personal Injury: Cable and Satellite TV Installer insurance may include coverage for personal injury claims, including medical expenses, lost wages, and legal fees.
Breach of Contract: Cable and Satellite TV Installer insurance may include coverage for breach of contract claims, including legal fees, settlements, and judgments.
Misrepresentation: Cable and Satellite TV Installer insurance may include coverage for claims of misrepresentation, including legal fees, settlements, and judgments.
In addition to financial protection, Cable and Satellite TV Installer insurance can also provide peace of mind to both the installation company and its customers. Knowing that there is insurance coverage in place can help alleviate concerns about potential losses and legal disputes.
It's important to note that different insurance policies may have varying coverage limits and exclusions, so it's crucial for cable and satellite installation companies to carefully review their policies and ensure they have adequate coverage for potential risks. Additionally, companies may want to consider working with an experienced insurance broker to help identify and address any gaps in coverage.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1731 Electrical Work
- NAICS CODE: 238210 Electrical Contractors and Other Wiring Installation Contractors
- Suggested Workers Compensation Code(s): 5190 Electrical Wiring - Within Buildings & Drivers
Description for 1731: Electrical Work
Division C: Construction | Major Group 17: Construction Special Trade Contractors | Industry Group 173: Electrical Work
1731 Electrical Work: Special trade contractors primarily engaged in electrical work at the site. The construction of transmission lines is classified in Industry 1623, and electrical work carried on in repair shops is classified in Services, Industry Group 762. Establishments primarily engaged in monitoring of burglar and fire alarms with incidental installation are classified in Services, Industry 7382.
- Burglar alarm installation-contractors
- Cable splicing, electrical-contractors
- Cable television hookup-contractors
- Communications equipment installation-contractors
- Electrical repair at site of construction-contractors
- Electrical work-contractors
- Electronic control system installation-contractors
- Fire alarm installation-contractors
- Highway lighting and electrical signal construction-contractors
- Intercommunications equipment installation-contractors
- Sound equipment installation-contractors
- Telecommunications equipment installation-contractors
- Telephone and telephone equipment installation-contractors
Satellite TV & Cable Installer Insurance - The Bottom Line
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 lliability insurance - which is important if you are taking customer information like credit cards.
- Employment practices liability - which keeps you safe from suits like sexual harassment or discrimination and umbrella coverage which offers additional liability protection.
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
- Tank Cleaners
- Tool Grinding And Repair
- Tree Surgeon
- Tree Trimming
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
- Specialty Contractors
The contracting industry is a field that involves a lot of risks, both for the contractor and for the clients they work for. This is why commercial insurance is so important for contractors. Insurance can protect contractors from a variety of potential losses, such as:
Liability: If a contractor causes damage to a client's property or if a client is injured while on a job site, the contractor could be held legally responsible. Liability insurance can cover legal fees and any settlements or judgments that may be awarded.
Property damage: Contractors often use a lot of expensive equipment and tools, and there is always a risk that this equipment could be damaged or stolen. Commercial property insurance can help cover the cost of replacing damaged or stolen equipment.
Business interruption: If a contractor is unable to work due to an unforeseen event, such as a natural disaster, insurance can help cover their lost income during this time.
Workers compensation: If a contractor or one of their employees is injured on the job, worker's comp can help cover medical expenses and lost wages.
Overall, commercial insurance is an important risk management tool for contractors. It can provide financial protection against a wide range of potential losses, helping contractors to stay in business and continue serving their clients.
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.