Painters Insurance Policy Information
Painters Insurance. Being a painter can be a lucrative profession, but like any small business, painting businesses need painters insurance, to fully protect their businesses. You worked hard to establish your company as a reputable painting business in, or perhaps you only recently started your business. Regardless of how long you've been in business, it makes a lot of business sense to protect your company, yourself and your assets, from the risks of the profession.
Painting contractors do interior and exterior painting of residential or commercial buildings, other structures, such as ships or bridges, street or parking lot striping, and signs. Equipment and supplies may include paints, stains, enamels, varnishes, special soundproof or waterproof substances, and insulation. Painters may perform work on new construction, in connection with ongoing maintenance, or during renovation.
Typically the work involves surface preparation (including removal of old wall coverings), application of the paint, finish work, and cleanup. The removal and disposal of lead-based paints from older buildings and structures presents a lead contamination exposure affecting liability, environmental, and workers compensation.
Unfortunate events such as a fall from scaffolding or a ladder or even a paint spill in a customer's home, can lead you on the path to a lawsuit. Our society is nothing if not litigious, and that means that smart business owners don't work without some sort of painters insurance in place. Even if you work on your own and have no employees, you are still subject to risks that can be mediated by a painter's insurance policy.
Painters insurance protects your business 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 painters insurance questions:
- What Is Painters Insurance?
- How Much Does Painting Insurance Cost?
- Why Do Painters Need Insurance?
- What Type Of Insurance Do Painters Need?
- What Are Painters Risks & Exposures?
- What Does Painters Insurance Cover & Pay For?
What Is Painters Insurance?
Painters insurance is a type of liability insurance that provides coverage for painters and painting contractors in the event of property damage or injury that occurs as a result of their work.
This type of insurance typically includes coverage for third-party liability, property damage, and medical expenses. It may also include coverage for lost income and other financial losses.
Painters insurance is designed to protect painters and painting contractors from financial losses that can occur as a result of their work, and to provide financial protection to customers and other parties who may be affected by the work of a painter or painting contractor.
How Much Does Painting Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small painting businesses ranges from $37 to $49 per month based on location, size, payroll, sales and experience.
Why Do Painters Need Insurance?
Painters need insurance to protect themselves and their business from potential financial losses caused by accidents, injuries, or damage to their equipment. For example, if a painter is working on a job and accidentally damages a customer's property, the customer may seek compensation for the damages. Without insurance, the painter would have to pay for these damages out of pocket, which could be financially devastating for a small business.
Insurance can also protect painters from liability in the event that one of their employees is injured on the job. If the employee decides to file a lawsuit against the painter or their business, the insurance policy would cover the costs of legal fees and any settlement or judgement that may be awarded.
Additionally, painters insurance can help painters protect their equipment, such as ladders, scaffolding, and power tools, from damage or theft. If the equipment is damaged or stolen, the insurance policy would cover the costs of repair or replacement, which can be a significant financial burden for a small business.
Overall, insurance is an important investment for painters to protect themselves, their employees, and their business from potential financial losses. Without insurance, a single accident or injury could potentially ruin a painter's business, while insurance provides a safety net that can help ensure the continued success and stability of the business.
What Type Of Insurance Do Painters Need?
Painters typically need several types of insurance, including:
- General Liability: This covers damages that may occur on the job, such as accidents or property damage.
- Workers Compensation: This covers medical expenses and lost wages for any injuries sustained by the painter while on the job.
- Professional Liability: Also known as errors and omissions insurance, this covers any mistakes or oversights that may occur during the painting process.
- Commercial Auto: If the painter uses a vehicle for business purposes, they will need insurance to cover any damages or accidents that may occur while driving.
- Business Property: This covers any damages or losses to the painter's tools and equipment.
In addition to the insurance mentioned above, painters may also consider purchasing additional coverage such as:
- Umbrella liability: This provides extra liability protection beyond the limits of their general liability insurance.
- Cyber liability: This covers any data breaches or cyber attacks that may occur, as painters may collect personal information from clients.
- Business interruption: This covers any financial losses due to unexpected events, such as natural disasters or pandemics, that may disrupt the painter's business operations.
- Employment practices liability: This covers any legal claims made against the painter related to employment practices, such as discrimination or harassment.
Overall, it is important for painters to have comprehensive insurance coverage to protect their business and clients from any potential liabilities.
What Are Painting Contractors Risks & Exposures
Premises liability exposures at the contractor's office are generally limited due to lack of public access. If there is a storage yard or shop operation, a fire can spread to neighboring businesses or homes. Controls in waste handling and fire control are important.
Outdoor storage may create vandalism and attractive nuisance hazards. Off-site exposures are extensive. Jobsite operations include the potential for bodily injury to members of the household, the public, or employees of other contractors, or damage to their property or completed work.
Tools, power cords, painting materials and scrap all pose trip hazards even when not in use. If there is work at heights, falling tools or supplies may cause bodily injury or property damage if dropped from ladders and scaffolding. Removal of old paint or wall coverings may involve scraping, chemical applications, or sandblasting which can damage other property of the client. The job may require the removal of old lead-based paint.
All exterior painting presents an over spray exposure which may damage surrounding premises, vehicles, or structures. All exterior spray painting or sandblasting operations need to be handled with great care. When interior work is done in buildings, ships, tanks, or other structures, ventilation is vital for the safety of clients, passersby, and the contractor's workers since fumes can cause severe bodily injury.
Environmental impairment liability exposures arise from the application or removal, transport, and disposal of paints, solvents, varnishes, and other chemicals. The removal, transportation and disposal of lead paint are particularly hazardous. Although the application of lead paint is now a controlled substance, it is still available and approved for specific commercial and industrial applications. The chips and dust generated during surface preparation present a significant hazard because ingested lead is associated with severe neurological and developmental disorders, especially in young children. Transportation and disposal procedures must adhere to all EPA and other regulatory standards. Training and supervision of employees are critical.
Workers compensation exposures vary based on the size and nature of the job. Caustics, paints and thinners generate fumes that can result in irritation to the eye, nose, throat, skin and lungs. Workers may be exposed to dust and chips containing lead. Back injury, hernia, sprains and strains can result from lifting. The use of power tools can result in cuts and burns. Casual labor and high turnover may be a problem, especially in the prep and cleanup work.
When work is done on ladders and scaffolds, there is a potential for injury from falling, being struck by falling objects, or adverse weather conditions. The absence of good maintenance of scaffolds, proper use of basic safety equipment, such as properly installed guards, steel-toed shoes, and eye protection, and strict enforcement of safety practices may indicate a morale hazard. The removal of old paint presents a serious exposure. Lack of a procedure to determine if the paint to be removed is lead based, or 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 are generally limited to an office and storage for supplies, tools and vehicles. If there are shop operations, fire or explosion can result from the flammability of paints, varnishes and thinners or the use of dip tanks and/or spray booths. Spray booths should have explosion resistant lighting and be separated from combustibles. Poor housekeeping or improper storage or labeling of flammable, hazardous, or reactive substances significantly increases the inherent hazards.
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 painter offers credit to customers, contractors' equipment and tools, goods in transit, installation floater, and valuable papers and records for customers' and suppliers' information. The equipment may be limited to brushes, rollers and other hand tools, or there may be sprayers, ladders, scaffolding, cherry pickers, and similar equipment.
There may be rental, leasing or borrowing of specialized equipment. The transport of barrels of paint and other materials and equipment can be difficult; training in proper handling is essential. During installation, the materials are subject to loss or damage by fire, theft, contamination, damage by employees of other contractors, vandalism, and weather-related perils.
Business auto exposures are generally limited to transporting workers, equipment, and paints and other materials to and from job sites. 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 upsets or spills while hauling heavy containers of paint. Vehicles may have special modifications or built-in equipment such as lifts and hoists.
What Does Painters Insurance Cover & Pay For?
Painters can be sued for various reasons, including but not limited to:
Property Damage: A painter may accidentally damage a client's property, such as furniture or flooring, while working on a job. If a painter accidentally damages a client's property, liability insurance can help pay for the cost of repairs or replacement.
Bodily Injury: A painter may accidentally injure someone while working on a job site. If a painter accidentally injures someone while working on a job site, liability insurance can help pay for medical expenses, lost wages, and other related costs.
Breach of Contract: A painter may fail to complete a job to the client's satisfaction or fail to meet deadlines outlined in the contract. If a painter is sued for breach of contract, liability insurance can help cover legal fees and any damages awarded to the client.
Negligence: A painter may fail to take the necessary precautions while working on a job, leading to accidents or property damage. If a painter is sued for negligence, liability insurance can help cover legal fees and any damages awarded to the plaintiff.
To protect themselves from these risks, painters can purchase liability insurance. Liability insurance typically covers:
For example, let's say a painter accidentally spills paint on a client's expensive couch, causing permanent damage. The client decides to sue the painter for the cost of the couch, which is $5,000. If the painter has liability insurance, the insurance company would cover the cost of the damages, up to the policy limit. If the policy limit is $1 million, for instance, the insurance company would pay the $5,000 in damages, plus any legal fees associated with the lawsuit.
In another example, let's say a painter fails to properly secure a ladder while working on a job, causing the ladder to fall and injure a bystander. The injured person decides to sue the painter for medical expenses, lost wages, and other related costs, totaling $50,000. If the painter has liability insurance, the insurance company would cover the cost of the damages, up to the policy limit. If the policy limit is $1 million, for instance, the insurance company would pay the $50,000 in damages, plus any legal fees associated with the lawsuit.
In both of these scenarios, liability insurance protects the painter from financial ruin by covering the costs associated with the lawsuit.
Commercial Insurance And Business Industry Classification
- SIC CODE: 1721 Painting and Paper Hanging
- NAICS CODE: 238320 Painting and Wall Covering Contractors, 237310 Highway, Street and Bridge Construction
- Suggested Workers Compensation Code(s): 5037 Painting - Metal Structures - Over Two Stories in Height & Drivers, 6874F, 9501 Painting - Shop Only & Drivers, 5474 Painting NOC & Shop Operations, Drivers
Description for 1721: Painting and Paper Hanging
Division C: Construction | Major Group 17: Construction Special Trade Contractors | Industry Group 172: Painting And Paper Hanging
1721 Painting and Paper Hanging: Special trade contractors primarily engaged in painting and paper hanging.
- Bridge painting-contractors
- Electrostatic painting on site (including of lockers and fixtures)
- House painting-contractors
- Painting of buildings and other structures, except roofs-contractors
- Paper hanging-contractors
- Ship painting-contractors
- Traffic lane painting-contractors
Painters Insurance - The Bottom Line
Finding the coverage you need to protect your business is as simple as speaking with one of our professional commercial insurance advisors who can help you determine your actual risks, tolerance of risk, assets that require protection, and coverage needed.
After assessing your situation, a qualified and seasoned agent can help you determine which insurance package fits the bill for your painting business.
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.