Fence Installation Insurance Policy Information
Fence Installation Insurance. Fence installation experts are constantly on the move. The job requires coordination with people in different locations, movement of equipment and products from the headquarters to the job-site; and everything has to be completed in the right time. The nature of this business allows you to travel regularly and work with different people, but it's also laden with risk.
In order to protect your chain link, vinyl, aluminum, & other fencing installation operation and the workers from the day-to-day risks, it is crucial that owners identify and invest in the types of fence installation insurance that are relevant to the business.
Fence installation insurance protects your contracting business from lawsuits with rates as low as $57/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked fence installers insurance questions:
- What Is Fence Installation Insurance?
- How Much Does Fence Installation Insurance Cost?
- Why Do Fence Installers Need Insurance?
- What Type Of Insurance Do Fence Installers Need?
- What Does Fence Installation Insurance Cover & Pay For?
What Is Fence Installation Insurance?
Fence installation insurance is a type of insurance that covers the contractor or company installing a fence for any potential damages, injuries, or liability that may occur during the installation process.
This type of insurance may include coverage for damages to the property being fenced, injuries to workers or third parties, and liability for any accidents or incidents that may occur during the installation process. This insurance is typically required by the property owner or the contractor in order to protect themselves from potential financial losses.
How Much Does Fence Installation Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small fence installation businesses ranges from $57 to $79 per month based on location, size, payroll, sales and experience.
Why Do Fence Installers Need Insurance?
Fence installers need insurance for a number of reasons. First and foremost, it protects them from financial liability in the event of an accident on the job. Fence installation can be a physically demanding and potentially dangerous job, and accidents can happen even with the most experienced professionals.
If a fence installer were to cause damage to a homeowner's property or cause an injury to themselves or someone else, they could be held responsible for any resulting damages or medical expenses.
Insurance also protects fence installers from potential lawsuits. If a homeowner were to file a lawsuit against a fence installer for any reason, the insurance would cover the legal costs and any potential settlement or judgment. Without insurance, a fence installer could face significant financial ruin from a single lawsuit.
Insurance also helps fence installers to secure contracts with clients. Many homeowners and business owners will only work with contractors who have insurance, as it provides a level of protection and peace of mind. Without insurance, a fence installer may have difficulty finding work and growing their business.
Overall, insurance is an essential component of a fence installer's business. It helps to protect them financially and allows them to secure contracts, ultimately helping them to run a successful and profitable business.
What Type Of Insurance Do Fence Installers Need?
Fence installers need a variety of insurance to protect themselves and their business. Some of the most common types of fence installation insurance needed include:
- General Liability: This insurance covers damages or injuries that occur on the job, such as if a fence installer accidentally damages a customer's property or if a customer is injured while the fence is being installed.
- Workers' Compensation: This insurance covers medical expenses and lost wages for employees who are injured on the job.
- Commercial Auto: If fence installers use a vehicle for business purposes, they will need commercial auto insurance to cover any damages or injuries that may occur in an accident.
- Professional Liability: Also known as errors and omissions insurance, this insurance covers mistakes made by the fence installers, such as installing a fence that does not meet the customer's specifications.
- Commercial Property This insurance covers any damages or losses to the fence installer's own property, such as tools or equipment.
Overall, fence installers need a variety of insurance to protect themselves and their business from potential risks and liabilities.
What Does Fence Installation Insurance Cover & Pay For?
Fence installers can be sued for various reasons, including property damage, bodily injury, and breach of contract. Insurance can provide protection to fence installers by covering the costs associated with lawsuits.
Here are some examples of why fence installers may be sued and how insurance can help pay for the lawsuit:
Property damage: If a fence installer accidentally damages a customer's property while installing a fence, the customer may sue for the cost of repairs or replacement. Insurance coverage, such as general liability insurance, can help pay for the damages and legal fees associated with the lawsuit.
Bodily injury: If a customer or a third party is injured on the job site, the fence installer may be held liable for their injuries. Workers' compensation insurance can provide coverage for medical expenses and lost wages for injured workers, while general liability insurance can help pay for the legal costs associated with a lawsuit.
Breach of contract: If a fence installer fails to complete a job as outlined in the contract, the customer may sue for breach of contract. Professional liability insurance, also known as errors and omissions insurance, can help pay for legal fees and damages resulting from a breach of contract lawsuit.
In all of these scenarios, insurance can provide valuable protection for fence installers by covering the costs of legal fees, damages, and other expenses associated with a lawsuit. It's important for fence installers to carefully review their insurance policies to ensure they have adequate coverage for potential risks in their line of work.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1799 Special Trade Contractors, Not Elsewhere Classified
- NAICS CODE: 238990 All Other Specialty Trade Contractors
- Suggested Workers Compensation Code(s): 6400 Fence Installation and Repair - Metal, Vinyl, Wood, or Prefabricated Concrete Panel Fence Installed by Hand
1799: Special Trade Contractors, Not Elsewhere Classified
Division C: Construction | Major Group 17: Construction Special Trade Contractors | Industry Group 179: Miscellaneous Special Trade Contractors
1799 Special Trade Contractors, Not Elsewhere Classified: Special trade contractors primarily engaged in construction work, not elsewhere classified, such as construction of swimming pools and fences, erection and installation of ornamental metal work, house moving, shoring work, waterproofing, dampproofing, fireproofing, sandblasting, and steam cleaning of building exteriors.
- Antenna installation, except household type-contractors
- Artificial turf installation-contractors
- Awning installation-contractors
- Bath tub refinishing-contractors
- Boring for building construction-contractors
- Bowling alley installation and service-contractors
- Cable splicing service, nonelectrical-contractors
- Caulking (construction)-contractors
- Cleaning building exteriors-contractors
- Cleaning new buildings after construction-contractors
- Coating of concrete structures with plastics-contractors
- Core drilling for building construction-contractors
- Counter top installation-contractors
- Dampproofing buildings-contractors
- Diamond drilling for building construction-contractors
- Epoxy application-contractors
- Erection and dismantling of forms for poured concrete-contractors
- Fence construction-contractors
- Fire escape installation-contractors
- Fireproofing buildings-contractors
- Forms for poured concrete, erection and dismantling-contractors
- Gas leakage detection-contractors
- Gasoline pump installation-contractors
- Glazing of concrete surfaces-contractors
- Grave excavation-contractors
- House moving-contractors
- Insulation of pipes and boilers-contractors
- Lead burning-contractors
- Lightning conductor erection-contractors
- Mobile home site setup and tie down-contractors
- Ornamental metalwork-contractors
- Paint and wallpaper stripping-contractors
- Plastics wall tile installation-contractors
- Posthole digging-contractors
- Sandblasting of building exteriors-contractors
- Scaffolding construction-contractors
- Service and repair of broadcasting stations-contractors
- Service station equipment installation, maintenance, and repair-
- Shoring and underpinning work-contractors
- Spectator seating installation-contractors
- Steam cleaning of building exteriors-contractors
- Swimming pool construction-contractors
- Television and radio stations, service and repair of-contractors
- Test boring for construction-contractors
- Tile installation, wall: plastics-contractors
- Tinting glass-contractors
- Wallpaper removal-contractors
- Weather stripping-contractors
- Welding contractors, operating at site of construction
- Window shade installation-contractors
Fence Installation Insurance - The Bottom Line
The best insurance coverage is one that makes sense for your business and doesn't call for unnecessary payments. Ideally, you should be shielded from all risks associated with fencing installation and your workers and clients (as well as their property) should be covered as well.
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.