Sign Installation And Repair Insurance Policy Information
Sign Installation And Repair Insurance. Sign painters offer interior and exterior painting of signs on buildings and billboards. Paints may include stains, enamels, and varnishes. In addition to an office, there is often a shop where prep work is done, including layout, design and production of guides, stencils, and perhaps even completed signs to be installed. If large signs are produced, there may also be a contractors yard for installation equipment.
As a sign installer, you are tasked with the responsibility of installing signage for various types of clients. The signs you install can vary in shape and size, and the locations where they are installed can also vary. However, generally speaking, most signs that you will be installing will be large and they will be positioned in high locations. While installing signs, you will have to contend with a variety of conditions, including tumultuous weather, high wind, slipper conditions, and various types of equipment.
Given the nature of your job, as a sign installer, you face a variety of risks. In order to protect yourself from these risks, investing in the right type of sign installation and repair insurance is essential.
Sign installation and repair 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 sign installation and repair insurance questions:
- What Is Sign Installation Insurance?
- How Much Does Sign Installation Insurance Cost?
- Why Do Sign Installers Need Insurance?
- What Type Of Insurance Do Sign Installers Need?
- What Are Sign Installation And Repair Risks & Exposures?
- What Does Sign Installation And Repair Insurance Cover & Pay For?
What Is Sign Installation Insurance?
Sign installation insurance is a type of insurance coverage that protects businesses and individuals who install signs for commercial or residential properties. This type of insurance covers the cost of damages, injuries, and liability that may occur during the installation process.
It typically includes coverage for property damage, personal injury, and third-party liability. This insurance is particularly important for businesses that specialize in sign installation as it helps to protect them from financial losses in the event of an accident or injury.
How Much Does Sign Installation Insurance Cost?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small sign installation businesses ranges from $37 to $59 per month based on location, size, payroll, sales and experience.
Why Do Sign Installers Need Insurance?
Sign installation and repair services need insurance for several reasons. First and foremost, it protects the business and its employees from financial losses due to accidents or injuries that may occur while working on a job. For example, if a worker falls off a ladder while installing a sign and sustains an injury, the business could be held responsible for the medical costs. Without insurance, these costs could cripple the business financially.
Additionally, insurance protects the business from damage to equipment or vehicles used for sign installation and repair. If a company vehicle is involved in an accident or if a piece of equipment is damaged, insurance can cover the cost of repairs or replacements. This is especially important for businesses that rely on specialized equipment or tools for their work.
Insurance also provides protection for the business in the event of a liability lawsuit. If a customer or third party suffers damages or injuries as a result of the business's work, they may file a lawsuit seeking compensation. Without insurance, the business could be held financially responsible for these damages, which could be catastrophic for the company.
Finally, sign installation and repair insurance is often required by clients and contractors in order to do business with them. Many clients will not work with a company that does not have insurance, as it shows a lack of professionalism and a lack of commitment to safety. Similarly, contractors may require businesses to carry certain types of insurance in order to work on their projects.
Overall, insurance is essential for sign installation and repair services as it protects the business, its employees, and its equipment from financial losses and liability. Without insurance, a company could be left vulnerable to significant financial burdens that could threaten its very existence.
What Type Of Insurance Do Sign Installers Need?
The type of sign installation and repair insurance you will need as an sign installer depends on several different factors. The size of your business, the nature of the signs that you install, the type of clients you work with, and where your business is located are just some of the factors that will affect the kind of insurance coverage you need. With that being said, there are specific types of coverage that all sign installers should carry, including:
- Commercial General Liability - This type of insurance protects you against third-party personal injury and property damage liability claims. For example, if a client files a lawsuit against you, claiming that you damaged their property, commercial general liability insurance would cover the cost of your legal defense fees, as well as any damages that you are held liable for.
- Commercial Property - To protect the physical structure of your business and the contents within it, you will need to invest in commercial property insurance. This coverage protects you against certain acts of nature, such as fire or pipe bursts, vandalism, and theft. If your commercial space is damaged in a fire, for example, this type of insurance will help to pay for any repairs that need to be made and property that needs to be replaced.
- Workers Compensation - If you employ a staff, you are responsible for any work-related injuries that they may sustain. Workers comp insurance will cover the cost of medical care if an employee is injured while working, as well as replace any wages that the employee loses while he or she is unable to work.
- Inland Marine - To protect gear and equipment while its in-transit, inland marine insurance is a must. This type of insurance protects commercial property that is damaged or stolen when it is off your commercial property; for instance, if a piece of equipment is stolen while you are installing a sign, this insurance will help to pay for the cost of replacing it.
These are just a few of the examples of the sign installation and repair insurance coverage you will need to invest in.
What Are Sign Installation And Repair Risks & Exposures
Premises liability exposures are light at the painter's own premises due to lack of public access. If there is a storage yard or shop operation, a fire can affect neighboring businesses or homes. Outdoor storage may create vandalism and attractive nuisance hazards.
Off-premises exposures are moderate due to hazards at the job site. The areas of operation should be restricted by barriers and proper signage to protect the public from slips and falls from spills and equipment and supplies impeding access. Property damage can occur from spills, overspray, paint fumes and vapors, and falling objects if any work is done above ground. If the paint contractor has to remove old paint or coverings, the scraping, chemical applications, or sandblasting can damage the customer's premises.
Environmental impairment liability exposures are high from potential spills and the disposal of waste paints, solvents, and chemicals.
Workers compensation exposure is often low for sign painting inside the building, although strains, back injuries, hernias, and repetitive motion injuries are possible. 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 danger is reduced if there is good maintenance of scaffolds and other equipment, proper use of protective equipment, and strict enforcement of safety practices.
Other hazards include the use of caustics, paints and thinners that generate fumes, lifting, the use of power tools, foreign objects in eyes, and respiratory ailments. Casual labor and high turnover may be a problem, especially in prep and cleanup work. The removal of old paint can result in exposure to lead dust. 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 may be light, consisting only of an office with design work or hand lettering. An equipment storage yard or an extensive shop with spray painting increases the potential for fire and explosion due to the presence of flammables. All spray painting should be done in booths with good ventilation and UL-approved explosion-proof wiring and fixtures. Poor housekeeping or improper storage or labeling of flammable, hazardous, or reactive substances significantly increases the hazards.
Crime exposures are from employee dishonesty. Background checks, including criminal history, should be obtained on each employee prior to hiring. Ordering, billing, and disbursement should be handled as separate duties with reconciliations occurring regularly. There should be appropriate procedures in place when employees accept payments off site.
Inland marine exposures are from accounts receivable if the painter offers credit to customers, contractors equipment taken to job sites, transportation and installation of signs, and valuable papers and records for customers' and suppliers' information. For signage inside of buildings, equipment may be limited to brushes and other hand tools. Outside work will require scaffolding or specialized equipment such as hoists or cherry pickers for work on billboards or on the exterior of buildings. Equipment may be rented, leased or borrowed from others or the insured may rent, lease or loan the equipment to others when not in use in their own operations.
Disabling the equipment when left unattended is an important security measure in preventing theft or vandalism. Goods in transit may include oversized signs to be installed. These may be damaged during transit from breakage, collision or overturn. Installation hazards vary depending on the size, height, and value of the signs.
Commercial auto exposures are generally limited to driving to and from job sites with crew, equipment and supplies. If there is work at heights, vehicles may carry the scaffolding, lifts, and similar equipment. Though not common, there may be specialized equipment such as cherry pickers or oversized loads if large signs are transported to the job site. All drivers must be well trained and have valid licenses for the type of vehicle being driven. 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.
What Does Sign Installation And Repair Insurance Cover & Pay For?
Sign installation and repair contractors may face various risks and potential lawsuits due to their line of work. Here are some common reasons why these contractors may be sued:
- Property damage or bodily injury: Sign contractors may accidentally cause damage to a customer's property or injure someone while installing or repairing a sign.
- Breach of contract: If a sign contractor fails to deliver on the terms of a contract or agreement, a customer may sue for breach of contract.
- Errors or omissions: If a sign contractor makes a mistake or omits a crucial detail during the installation or repair of a sign, a customer may sue for damages.
- Negligence: A customer may sue a sign contractor for negligence if the contractor fails to follow industry standards, regulations, or best practices.
Insurance can help protect sign contractors from these types of lawsuits. Here are some examples of how insurance can help pay for the lawsuit:
General liability insurance: This type of insurance can cover damages resulting from property damage or bodily injury caused by the sign contractor. If a customer sues the contractor for causing property damage or injury, general liability insurance can help pay for legal fees, settlements, and judgments.
Professional liability insurance: This type of insurance, also known as errors and omissions insurance, can help protect sign contractors from lawsuits related to errors or omissions during sign installation or repair. If a customer sues for damages resulting from mistakes made by the sign contractor, professional liability insurance can help cover legal expenses and damages.
Commercial auto insurance: Sign contractors who use vehicles for work purposes should have commercial auto insurance. This insurance can cover damages resulting from accidents involving the contractor's vehicle while on the job.
Workers' compensation insurance: If a sign contractor's employee is injured on the job, workers' compensation insurance can help pay for medical expenses and lost wages. It can also help protect the contractor from lawsuits filed by the injured employee.
In summary, sign installation and repair contractors can face various risks and potential lawsuits. Having the right insurance coverage can help protect contractors from financial losses resulting from these lawsuits. Depending on the type of lawsuit, general liability insurance, professional liability insurance, commercial auto insurance, or workers' compensation insurance may help pay for legal fees, settlements, and judgments.
Commercial Insurance And Business Industry Classification
- SIC CODE: 7389 Business Services NEC
- NAICS CODE: 541890 Other Services Relating to Advertising
- Suggested Workers Compensation Code(s): 9501 Painting - Shop Only & Drivers, 9554 Sign Installation, Maintenance, Repair, Removal, or Replacement NOC - Away From Shop & Drivers
7389: Business Services, Not Elsewhere Classified
Division I: Services | Major Group 73: Business Services | Industry Group 738: Miscellaneous Business Services
7389 Business Services, Not Elsewhere Classified: Establishments primarily engaged in furnishing business services, not elsewhere classified, such as bondspersons, drafting services, lecture bureaus, notaries public, sign painting, speakers' bureaus, water softening services, and auctioneering services, on a commission or fee basis. Auctions of used cars and agricultural commodities, such as livestock and produce, are classified in Wholesale Trade.
- Agents and brokers for authors and nonperforming artist
- Apparel pressing service for the trade
- Appraisers, except real estate appraisers
- Arbitration and conciliation services
- Artists' agents and brokers, except performing artists
- Auctioneering service on a commission or fee basis
- Authors' agents and brokers
- Automobile recovery service
- Automobile repossession service
- Automobile shows, flower shows, and home shows: promoters of
- Bartering services for businesses
- Batik work (handprinting on textiles)
- Bottle exchanges
- Bronzing baby shoes
- Business brokers (buying and selling business enterprises)
- Charge account service (shopping plates) collection by individual
- Check validation service
- Cloth: cutting to length, bolting, or winding for textile distributors
- Contractors' disbursement control
- Convention bureaus
- Convention decorators
- Copyright protection service
- Correct time service
- Cosmetic kits, assembling and packaging
- Cotton inspection service, not connected with transportation
- Cotton sampler service
- Coupon redemption service, except trading stamps
- Credit card service (collection by individual firms)
- Decoration service for special events
- Demonstration service, separate from sale
- Directories, telephone: distribution on a contract or fee basis
- Divers, commercial
- Drafting service, except temporary help
- Drawback service, customs
- Drive-a-way automobile service
- Embroidering of advertising on shirts, etc.
- Engrossing, e.g., diplomas and resolutions
- Exhibits, building of: by industrial contractors
- Field warehousing, not public warehousing
- Filling pressure containers (aerosol) with hair spray, insecticides, etc.
- Fire extinguishers, service of
- Firefighting service, other than forestry or public
- Flagging service (traffic control)
- Floats, decoration of
- Florists' telegraph service
- Folding and refolding service: textile and apparel
- Fundraising on a contract or fee basis
- Gas systems, contract conversion from manufactured to natural gas
- Handtool designers
- Handwriting analysis
- Hosiery pairing on a contract or fee basis
- Hotel reservation service
- Identification engraving service
- Inspection of commodities, not connected with transportation
- Interior decorating consulting service, except painters and paper
- Interior designing service, except painters and paper hangers
- Inventory computing service
- Labeling bottles, cans, cartons, etc. for the trade: not printing
- Laminating of photographs (coating photographs with plastics)
- Lecture bureaus
- Lettering service
- Liquidators of merchandise on a contract or fee basis
- Mannequin decorating service
- Map drafting service
- Mapmaking, including aerial
- Message service, telephone answering except beeper service
- Metal slitting and shearing on a contract or fee basis
- Meter readers, remote
- Microfilm recording and developing service
- Mounting merchandise on cards on a contract or fee basis
- Music distribution systems, except coin-operated
- Notaries public
- Packaging and labeling service (not packing and crating)
- Paralegal service
- Parcel packing service (packaging)
- Patent brokers
- Patrol of electric transmission or gas lines
- Photogrammetric mapping service (not professional engineers)
- Photographic library service, still
- Photography brokers
- Pipeline and power line inspection services
- Playwrights' brokers
- Post office contract stations
- Presorting mail service
- Press clipping service
- Printed circuitry graphic layout
- Process serving service
- Produce weighing service, not connected with transportation
- Product sterilization service
- Promoters of home shows and flower shows
- Racetrack cleaning, except buildings
- Radio broadcasting music checkers
- Radio transcription service
- Recording studios on a contract or fee basis
- Redemption of trading stamps
- Repossession service
- Restaurant reservation service
- Rug binding for the trade
- Safety inspection service, except automotive
- Salvaging of damaged merchandise, not engaged in sales
- Sampling of commodities, not connected with transportation
- Scrap steel cutting on a contract or fee basis
- Shoe designers
- Showcard painting
- Shrinking textiles for tailors and dressmakers
- Sign painting and lettering shops
- Solvents recovery service on a contract or fee basis
- Speakers' bureaus
- Sponging textiles for tailors and dressmakers
- Styling of fashions, apparel, furniture, and textiles
- Styling wigs for the trade
- Swimming pool cleaning and maintenance
- Switchboard operation of private branch exchanges
- Tape slitting for the trade (cutting plastics, leather, etc. into widths)
- Tax collection agencies: collecting for a city, county, or State
- Tax title dealers: agencies for city, county, or State
- Telemarketing (telephone marketing) service on a contract or fee basis
- Telephone answering, except beeper service
- Telephone solicitation service on a contract or fee basis
- Textile designers
- Textile folding and packing services
- Time-share condominium exchanges
- Tobacco sheeting service on a contract or fee basis
- Tourist information bureaus
- Trade show arrangement
- Trading stamp promotion and sale to stores
- Trading stamp redemption
- Translation service
- Water softener service
- Weighing foods and other commodities not connected with
- Welcoming service
- Window trimming service
- Yacht brokers
Sign Installation And Repair Insurance - The Bottom Line
To find out more about the specifics of insurance coverage, including the amount of coverage you should carry and any other additional policies you should invest in, speak with a reputable agent that has experience in commercial insurance.
By investing in the right type of sign installation and repair insurance for your business, you will have peace of mind knowing you are properly covered.
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.