Garage Door Installer And Repair Insurance Policy Information
Garage Door Installer And Repair Insurance. If you are thinking about starting up a garage door installation and repair business, there's no doubt that you have a lot on your mind.
You want to make sure you choose the best name for your company, that you have a well-designed website, and that you employ the best professionals and have the highest quality products to ensure you deliver exceptional service.
There's one thing that you might be overlooking, however: business insurance. Commercial insurance is vital for any business, including garage door installation. It safeguards you, your employees, and your clients from any legal issues that may arise.
There are a lot of options available for garage door installer and repair insurance, so it's important to have a firm understanding of the policies you can get and what they offer.
Garage door installer and repair insurance protects your company from lawsuits with rates as low as $37/mo. Get a fast quote and your certificate of insurance now.
Below are some answers to commonly asked garage door installer and repair insurance questions:
- What Is Garage Door Installation & Service Insurance?
- How Much Does Garage Door Installer And Repair Insurance Cost?
- Why Do Garage Door Installation & Service Businesses Need Insurance?
- What Type Of Insurance Do Garage Door Installers Need?
- What Does Garage Door Installation & Service Insurance Cover & Pay For?
What Is Garage Door Installation & Service Insurance?
Garage door installation & service insurance is a type of liability insurance that protects a garage door installation and service company from financial losses in the event of accidents, errors or omissions that may occur during the course of their business operations.
This insurance covers damages to property or injuries to individuals that occur during the installation, repair, or maintenance of garage doors. It also covers legal expenses incurred in defending against claims or lawsuits arising from the company's work.
The insurance is designed to protect the garage door company and its employees from the financial consequences of any mistakes they may make while providing their services.
How Much Does Garage Door Installer And Repair Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small garage door installation and repair businesses ranges from $37 to $59 per month based on location, size, payroll, sales and experience.
Why Do Garage Door Installation & Service Businesses Need Insurance?
Garage door installers are professionals who specialize in the installation and repair of various types of garage doors for both residential and commercial properties.
Not only do you install the garage door, but you also install other elements that are needed to secure the door to the structure, such as the frame, any hardware that is needed, operators, trim, handles, and possibly even windows. You also make repairs to garage doors that were previously installed in a structure.
Because of the complexity of this job and the heavy equipment that is involved, there are several risks that are associated with this type of business. For example, if a door is not installed properly, it could cause an accident that results in an injury to someone, or it could damage property.
In order to protect the financial assets that are associated with your business in the event of an accident, a poor installation, or faulty equipment, garage door installer and repair insurance is a requirement in order to own and operate this type of business.
What Type Of Insurance Do Garage Door Installers Need?
General Liability Insurance For Garage Door Services
If you operate a garage door installation and service company, there's one type of insurance that you are going to want to have: commercial general liability insurance. This type of policy is the most basic form of insurance for garage door installation companies and it provides coverage for several things, including:
- Products liability: Under general liability insurance, any products you use will be covered, such as the garage door and the products that are used to install or repair it. For example, if there is an issue with the garage door after it has been installed or repaired, such as defective hardware that has prevented the door from opening and a client files a legal claim, products liability will cover the costs of the damage.
- Premises Liability: It's likely that you have an office for your garage door installation and repair business. If you do, you need to make sure that you are protected from any injuries that may occur on the premises. Commercial general liability insurance also offers coverage for premises liability. So, in the event that a client slips and falls at your office and sustains an injury, your insurance policy will cover the costs medical care, as well as any legal proceedings that may arise.
- Completed Operations: Completed operations offers protection for any issues with equipment that may arise after it has been installed. For instance, if there was an issue with the garage door frame that caused the door to fall on top of a customer after it was installed, the completed operations portion of commercial general liability insurance will cover the costs of any medical care that is needed, as well as legal proceedings that may arise.
Additional Insurance Coverage Options
There are other types of garage door installer and repair insurance coverage that you might want to consider purchasing for your garage door installation and repair company outside of general commercial liability insurance. These options include:
- Business Auto Insurance - If you or your employees drive vehicles for your business, having a business auto insurance policy is a good idea. Should an car accident occur, this type of insurance will cover the damages the vehicle sustains, as well as bodily injuries and damaged equipment within the vehicle. Also most commercial auto policies also cover theft or vandalism.
- Workers Compensation - If you have an non-owner employees on your payroll, you are likely going to be required to have workers comp. Each state differs regarding requirements for this type of insurance, but in general, it is meant to protect your company and your workers in the event someone is injured on the job. Accidents do happen while installing garage doors and your workers should be covered.
Garage Door Sales, Service & Repair Risks & Exposures
Premises liability exposures come from slips and falls due to public access to the retail premises. Floor coverings must be in good condition with no cracks or holes in flooring. Sufficient exits must be provided and be well marked, with backup lighting systems in case of power failure. Parking lots and sidewalks need to be level and in good repair with snow and ice removed.
At customers' premises, liability exposures are very high as much of the work may have to be carried out during working hours while the homeowner or the business customer's employees are on the premises. Access to the installation or repair area should be controlled. Welding presents potential for burns or setting the property of others on fire if not conducted safely. Tools, power cords, and scrap all pose trip hazards even when not in use. If there is work at heights, falling tools or materials may cause damage and injury if dropped from ladders or scaffolding.
Property exposures include office, retail store, and storage areas. Ignition sources are generally limited to heating and cooling systems and electrical wiring. Wood doors are flammable and susceptible to damage from fire, smoke, and water.
Flammables such as paints, varnishes, strippers, degreasers, and solvents used for repair operations must be properly stored, separated, and controlled. Plastics will cause an oily smoke that can permeate items, reducing any salvage opportunities. Forklifts inside the warehouse should be recharged in an area with good ventilation away from combustibles. There should be no smoking on premises.
Business interruption is a concern as sales may peak at particular times during the year.
Workers compensation exposures are high as door panels are heavy and awkward. Back injuries from lifting, slips and falls, cuts and punctures from hand tools, and foreign objects in the eye are common. Installation, service and repair work may be done in severe heat during the summer or inclement weather in the winter. Springs can snap, resulting in severe injury. 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.
Safety equipment should be provided. Workers should be trained on proper lifting techniques. Conveying devices should be available to help with lifting. Drivers of delivery vehicles may be injured in auto accidents.
Crime exposures are from employee dishonesty and loss of money and securities. Background checks should be conducted on all employees handling money. There must be a separation of duties between persons handling deposits and disbursements and reconciling bank statements. If installers can accept payment, a receipt procedure must be in place with funds immediately taken to the office.
Inland marine exposures include accounts receivable if credit is offered, contractors' equipment, goods in transit, installation floater, tools (including employees' tools), and valuable papers and records for customers' and vendors' information. Backup copies of all records, including computer records, should be made and stored off premises.
Products liability exposure can be high as overhead doors are used in both commercial and residential structures. Should the door fail, it could fall and severely injure persons or damage property. Installation should follow the specifications provided by the manufacturer. Older doors made before improved safety features were introduced may be in use for decades.
Commercial auto exposures are moderate as the overhead doors are transported to customers' premises for installation. Door panels are heavy and require tie-downs during transport to prevent shifting that can cause overturn. Drivers must have appropriate licenses. MVRs must be checked regularly. Vehicles should be routinely maintained with documentation kept at a central location. Garage door retailers generally provide vehicles to sales representatives who travel to customers' premises. There should be written procedures regarding private and permissive use.
What Does Garage Door Installation & Service Insurance Cover & Pay For?
Garage door installers may face various reasons for being sued, and insurance can provide protection and coverage for these claims. Here are some examples of potential lawsuits and how insurance can help:
Injury to a person or damage to property during installation: If a customer or their property is injured during the installation process, the installer may be sued for damages. Insurance coverage for this type of claim can be provided by a general liability policy. This policy can help pay for legal fees, medical bills, and damages to the property or person involved.
Faulty installation leading to injury or property damage: If a garage door installed by the installer fails and causes injury or property damage, the installer may be sued for damages. Insurance coverage for this type of claim can be provided by a professional liability policy. This policy can help pay for legal fees, damages, and any necessary repairs or replacements.
Breach of contract: If an installer fails to complete the installation according to the terms of the contract, they may be sued for breach of contract. Insurance coverage for this type of claim can be provided by a professional liability policy. This policy can help pay for legal fees and damages.
Misrepresentation or fraud: If an installer misrepresents their qualifications or experience, or engages in fraudulent behavior, they may be sued for damages. Insurance coverage for this type of claim can be provided by a professional liability policy. This policy can help pay for legal fees and damages.
In general, insurance can provide valuable protection and coverage for garage door installers facing lawsuits. By having the appropriate insurance coverage in place, installers can have peace of mind knowing that they have financial protection in case of a claim or lawsuit.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1751 Carpentry Work
- NAICS CODE: 238290 Other Building Equipment Contractors, 238350 Finish Carpentry Contractors
- Suggested Workers Compensation Code(s): 3724 Door - Installation - Overhead & Drivers
Description for 1751: Carpentry Work
Division C: Construction | Major Group 17: Construction Special Trade Contractors | Industry Group 175: Carpentry And Floor Work
1751 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
Garage Door Installer And Repair Insurance - The Bottom Line
Work with your agent to provide information about your business and get quotes for your garage installer & repair insurance based on your specific situation and risk tolerance.
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.