Door And Window Installers Insurance Policy Information
Door And Window Installers Insurance. Door and window installers prepare openings, hang doors or windows in the opening, and install hardware such as hinges, knobs and locks. Exterior doors and windows are sealed to provide a moisture barrier protecting the structure from weather related damage.
Installers who sell windows and doors may represent one manufacturer exclusively or represent several. Some installers have no inventory; others have showrooms and warehouses full of merchandise.
Whether you run a mom-and-pop company or you are the head of a large corporation, if installing doors and windows in is your business, you are going to want to make sure that you are properly protected with the right type of door and window installers insurance coverage.
Door and window installers insurance protects your installation business from lawsuits with rates as low as $47/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked windows and doors installer insurance questions:
- How Much Does Door And Window Installers Insurance Cost?
- Why Do Door & Window Installers Need Insurance?
- What Type Of Insurance Do Window And Door Installers Need?
How Much Does Door And Window Installers Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small door and window installation businesses ranges from $47 to $69 per month based on location, size, payroll, sales and experience.
Why Do Door & Window Installers Need Insurance?
You go out of your way to make sure that you are doing the very best work possible. You, yourself have received extensive training, as have all of your employees. You also work with the highest quality products and take every precaution possible to ensure that the installations you are hired to complete are executed perfectly.
However, despite all of your best efforts, when it comes to door and window installations, issues can certainly arise. A window could collapse out of its frame after it was installed, causing serious harm to anyone who is nearby. An employee could suffer an injury while on the job. Your equipment could be damaged in a fire or stolen.
If any of the above-mentioned situations does arise, you could be looking at serious financial trouble. The cost of repairing or replacing property can be exorbitant, as can medical bills that you may be legally responsible for.
Should someone take legal action against your company, you would be responsible for covering the cost of legal defense fees and any compensation that a court might find you liable for. In other words, any mishaps that may arise have the potential to be financially devastating.
If you have insurance coverage, you can protect yourself from financial hardship in the event that the unthinkable happens. Your insurance provider will help to pay for any damages, medical bills, repairs, and legal fees that you might incur. For this reason, door and window installers insurance is one of the best investments you can make for your business.
What Type Of Insurance Do Window And Door Installers Need?
There are several types of policies that door and window installers should carry. Some of the basic types of coverage include:
- Commercial General Liability - This type of insurance policy is a must for any business, including door and window installers. It helps to cover any costs that are related to third-party injuries and property damages. For instance, if an employee were to damage a client's property while installing a window or if a vendor slipped and fell while making a delivery to your business, commercial general liability insurance would help to cover the cost of any repairs or medical bills that may result from such incidents. It can also assist with the expense of a lawyer, court fees, and any other costs that may arise if someone files a lawsuit against you.
- Commercial Property - What would you do if a tree fell on your business and destroyed your inventory of windows or if a fire broke out and completely destroyed your building and all of your supplies? You'd be looking at major expenses, which could potentially bankrupt your company. Commercial property insurance can help you avoid such peril. This coverage protects the building that your business operates out of, as well as the contents within it, from storm and fire damage, and theft, too.
- Workers' Compensation - If you employ a crew, you also need to make sure that you have a workers' comp policy. This type of insurance prevents you from having to pay for expenses that are related to any employee injuries and illnesses. For instance, if a piece of equipment malfunctioned while a member of your staff was operating it, workers' comp would cover his medical bills and lost wages, among other things.
- Commercial Auto - If you rely on any vehicles to operate your business, you'll also want to have a commercial auto insurance policy in place. This type of policy provides protection for liability and physical damages if an accident involving one of your commercial vehicles occurs. Many personal auto insurance policies exclude coverage for vehicles that are used for commercial purposes; therefore, even if you have a policy for your own vehicle, chances are that the cars, trucks, or any other vehicles you use for your door and window installation company won't be covered by it.
These are just a few of the door and window installers insurance policies that are available. To find out if there are any other policies that you should invest in and how much coverage you should carry, speak to a reputable insurance agent.
Based on the unique nature of your business, an broker will be able to help you determine what type of coverage you need, and how much you require.
Door And Window Installation Risks & Exposures
Premises liability exposures at the installer'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. Fires or fumes from woodworking and/or lumber storage operations can spread to neighboring businesses or homes. Outdoor storage may create vandalism and attractive nuisance hazards.
Off-site exposures can be extensive. Jobsite operations include removal of the current windows and doors and all carpentry necessary to prepare the opening for replacements. The installer's employees can cause property damage to the client's premises or bodily injury to members of the household. Tools, power cords, building materials and scrap all pose trip hazards even when not in use. The use of saws and other power or hand tools is inherently hazardous due to sharp edges and moving parts.
Unprotected openings allow wind, rain or unauthorized persons to enter the premises, and for children or others to fall out of the structure. The area of operation should be restricted. In enclosed structures, the buildup of dust and scraps can result in catastrophic fire and explosion. Disposal of waste materials (dust, scrap, varnishes or paints) could create an environmental hazard. There may be significant subcontractor and other contractual liability exposures.
Completed operations liability exposures are moderate. Quality control and strict compliance with all manufacturers' and designers' specifications are necessary. Improper exterior sealing can lead to moisture buildup and growth of mold and other forms of fungus. Inadequate monitoring of work orders and change orders may be a concern. Poor record-keeping may result in payment of otherwise questionable claims. Inspection and written acceptance of the work by the owner or general contractor is critical.
Workers compensation exposures vary based on the size and nature of the job. Work with hand tools and sharp objects such as saws, chisels and nails can result in cuts, piercings, and accidental amputation. Back injuries, hernias, strains, and sprains can result from lifting. Minor injuries may be frequent even when the severity exposure is controlled. 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 absence of good maintenance of scaffolds, proper use of basic safety equipment, such as scaffolding safety belts, steel toed shoes, and eye protection, and strict enforcement of safety practices may indicate a morale hazard. Employees must be carefully selected, trained and supervised. Occupational diseases can result from exposure to noise, dust and metal particles.
Property exposures may be limited to an office only or include a showroom and inventory of doors, windows, or other building materials. The storage of lumber, paints, finishes, varnishes, and shellac combined with the dust from the cutting of the lumber or wood can create a high fire and explosion exposure. Labeling, separation, proper storage of flammables, and adequate aisle space reduce the exposure. If the installer accepts delivery of merchandise on behalf of clients at its own location, all such stock received and awaiting installation should be included in the installer's property coverage.
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 installer offers credit to customers, contractors' equipment, including scaffolding, goods in transit, installation floater, and valuable papers and records for customers' and suppliers' information. Doors and windows in transit are vulnerable to damage from dropping, breakage, shifting, inadequate packaging, collision and overturn. The installation floater exposure varies depending on whether the contractor delivers the windows and doors or has them drop shipped to the jobsite. The contract with the client should state who is responsible for the windows and doors during transit and storage.
Business auto exposures are limited unless windows and doors are transported by the installer. 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. Hazards of transport include failure to properly secure the load and equipment failure, especially tie-downs and hitches.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1751 Carpentry Work
- NAICS CODE: 238350 Finish Carpentry Contractors
- Suggested ISO General Liability Code(s): 91746, 91341, 91342
- Suggested Workers Compensation Code(s): 5102, 5645, 5403
Description for 1751: Carpentry Work
Division C: Construction | Major Group 17: Construction Special Trade Contractors | Industry Group 175: Carpentry And Floor Work
751 Carpentry Work: Special trade contractors primarily engaged in carpentry work. Establishments primarily engaged in building and installing cabinets at the job site are classified in this industry. Establishments primarily engaged in building custom cabinets for individuals in a shop are classified in Retail Trade, Industry 5712. Carpentry work performed by general contractors engaged in building construction is classified in Major Group 15.
- Cabinet work performed at the construction site
- Carpentry work-contractors
- Folding door installation-contractors
- Garage door installation-contractors
- Joinery, ship-contractors
- Ship joinery-contractors
- Store fixture installation-contractors
- Trim and finish-contractors
- Window and door (prefabricated) installation-contractors
Door And Window Installers Insurance - The Bottom Line
Protecting your business from financial hardship is crucial, and that's exactly what door and window installers insurance does.
Types Of Small Business Insurance - Requirements & Regulations
Perhaps you have the next great idea for a product or service that you know will appeal to your local area. If you've got a business, you've got risks. Unexpected events and lawsuits can wipe out a business quickly, wasting all the time and money you've invested.
Operating a business is challenging enough without having to worry about suffering a significant financial loss due to unforeseen and unplanned circumstances. Small business insurance can protect your company from some of the more common losses experienced by business owners, such as property damage, business interruption, theft, liability, and employee injury.
Purchasing the appropriate commercial insurance coverage can make the difference between going out of business after a loss or recovering with minimal business interruption and financial impairment to your company's operations.
Insurance is so important to proper business function that both federal governments and state governments require companies to carry certain types. Thus, being properly insured also helps you protect your company by protecting it from government fines and penalties.
Small Business Insurance Information
In the business world, there are many risks faced by company's every day. The best way that business owners can protect themselves from these perils is by carrying the right insurance coverage.
The The National Association of Insurance Commissioners (NAIC) is the U.S. standard-setting and regulatory support organization. Through the NAIC, state insurance regulators establish standards and best practices, conduct peer review, and coordinate their regulatory oversight.
Commercial insurance is particularly important for small business owners, as they stand to lose a lot more. Should a situation arise - a lawsuit, property damage, theft, etc. - small business owners could end up facing serious financial turmoil.
According to the SBA, having the right insurance plan in place can help you avoid major pitfalls. Your business insurance should offer coverage for all of your assets. It should also include liability and casual coverage.
Types Of Small Business Insurance
Choosing the right type of coverage is absolutely vital. You've got plenty of options. Some you'll need. Some you won't. You should know what's available. Once you look over your options you'll need to conduct a thorough risk assessment. As you evaluate each type of insurance, ask yourself:
- What type of business am I running?
- What are common risks associated with this industry?
- Does this type of insurance cover a situation that could feasibly arise during the normal course of doing business?
- Does my state require me to carry this type of insurance?
- Does my lender or do any of my investors require me to carry this type of policy?
A licensed insurance agent or broker in your state can help you determine what kinds of coverages are prudent for your business types. If you find one licensed to sell multiple policies from multiple companies (independent agents) that person can often help you get the best insurance rates, too. Following is some information on some of the most common small business insurance policies:
|Business Insurance Policy Type||What Is Covered?|
|General Liability Insurance||What is covered under commercial general liability insurance? It steps in to pay claims when you lose a lawsuit with an injured customer, employee, or vendor. The injury could be physical, or it could be a financial loss based on advertising practices.|
|Workers Compensation Insurance||What is covered under workers compensation insurance? This type of insurance protects a business and its owner(s) from claims by employees who suffer a work-related injury, illness or disease. Workers comp typically provides the injured employee with benefits to cover medical expenses, a portion of his/her lost wages, rehabilitation costs if applicable, and permanent partial or permanent total disability.|
|Product Liability Insurance||What is covered under product liability insurance? I pays an injured party's settlement or lawsuit claim arising from a defective product. These are usually caused by design defects, manufacturing defects, or a failure to provide adequate warning or instructions as to how to safely use the product.|
|Commercial Property Insurance||What is covered under business property insurance? General liability policies don't cover damages to your business property. That's what commercial property insurance is for. It protects all of the physical parts of your business: your building, your inventory, and your equipment, giving you the funds you need to replace them in the event of a disaster. If you work from home, you might consider a Home Based Business Insurance policy instead.|
|Business Owners Policy (BOP)||What is covered under a business owners policy (BOP)? This is a policy designed for small, low-risk businesses. It simplifies the basic insurance purchase process by combining general liability policies with business income and commercial property insurance.|
|Commercial Auto Insurance||What is covered under business auto insurance? This type of insurance covers automobiles being used for business purposes. This could include a fleet of business-only vehicles or a single company car. In some cases it might cover your car or your employee's car while they're being used for business. These policies have much higher limits, ensuring you can cover your costs if one of these vehicles gets into an accident.|
|Commercial Umbrella Policies||What is covered under commercial umbrella insurance? This type of policy is a sort of "gap" insurance. It covers your liability in the event that a court verdict or settlement exceeds your general liability policy limits.|
|Liquor Liability Insurance||What is covered under liquor liability insurance? It covers bodily injury or property damage caused by an intoxicated person who was served liquor by the policy holder.|
|Professional Liability (Errors & Omissions)||What is covered under professional liability insurance? This type of business insurance is also known as malpractice oe E&O. It covers the damages that can arise from major mistakes, especially in high-stakes professions where mistakes can be devastating.|
|Surety Bond||What is covered under surety bonds? Bonding is a contract where one party, the SURETY (who assures the obligee that the principal can perform the task), guarantees the performance of certain obligations of a second party, the PRINCIPAL (the contractor or business who will perform the contractual obligation), to a third party, the OBLIGEE (the project owner who is the recipient of an obligation).|
Who Needs General Liability Insurance? - Virtually every business. A single lawsuit or settlement could bankrupt your business five times over. You might also need this policy to win business. Many companies and government agencies won't do business with your company until you can produce proof that you've obtained one of these policies.
Business Insurance Required by Law
If you have any employees most states will require you to carry worker's compensation and unemployment insurance. Some states require you to insure yourself even if you are the only employee working in the business.
Your insurance agent can help you check applicable state laws so you can bring your business into compliance.
Other Types Of Small Business Insurance
There are dozens of other, more specialized forms of small business insurance capable of covering specific problems and risks. These forms of insurance include:
- Business Interruption Insurance
- Commercial Flood Insurance
- Contractor's Insurance
- Cyber Liability
- Data Breach
- Directors and Officers
- Employment Practices Liability
- Environmental or Pollution Liability
- Management Liability
- Sexual Misconduct Liability
Whether you need any or all of these policies will depend on the results of your risk assessment. For example, you probably don't need an environmental or pollution policy if you're running an IT company out of a leased office, but you would need data breach and cyber liability policies to fully protect your business.
Also learn about small business insurance requirements for general liability, business property, commercial auto & workers compensation including small business commercial insurance costs. Call us (855) 767-7828.
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.