Specialty Service Business Insurance

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The Specialty Service Business Insurance Guide

Service Business Insurance

Service Business Insurance. This guide provides information on excess, surplus and specialty lines small business insurance policies and risks.

Here you can find basic descriptions of the specific industry risks or specialty coverage types available for Service Business Insurance.

For certain types of small businesses, particularly new ones - it is often very hard to know what types of commercial insurance is needed, what the risks are that should be covered - and where to find coverage.

We wanted to provide reference for specialty commercial insurance to help our readers get a better understanding of Service Business Insurance policies they might need to do business.

Learn about Specialty Service Business Insurance to better understand common risks, exposures and the types of commercial insurance coverage available to protect your small business and it's operations.

Service Business Insurance Types

Click on the links below to learn more about Specialty Service Business Insurance types and coverages:



What Is Ambulance Service Malpractice Insurance?

Professional liability coverage for ambulance drivers and attendants is difficult to place through standard insurance markets. Several specialty carriers have developed insurance programs that cover drivers and attendants who work in community rescue squads and ambulance services connected with volunteer fire departments. Coverage extends to both employees and volunteers. Program coverage is also available to individual employees who work for professional ambulance companies. This coverage responds to bodily injury, mental distress, and/or death of any patient that are allegedly caused by an error, omission, or negligence in providing professional services.


What Is Answering Services Errors And Omissions Insurance?

Answering and message centers serve businesses, professionals, contractors, and service companies that must have their calls answered and messages taken around the clock. They may also provide voice mail, fax messaging, printing, photocopying, and similar office services. This coverage insures businesses for injuries alleged to have occurred because of negligent acts, errors, or omissions in performing answering services for others.


What Type Of Insurance Do Arborists Need?

Arborists are tree specialists. They frequently consult and provide advice on the type of tree to plant and where to plant it. These decisions can have impact on power lines, sewer systems, and fire exposures. Arborists often provide tree-related services such as planting, trimming, removing, and spraying. Some arborists own nurseries.


What Type Of Insurance Do Armored Car Services Need?

Insurance coverage on armored car services is difficult to place because of the hazardous nature of their operations and the services provided. Pick-up and delivery of money and securities, gold bullion, and other precious metals and valuables expose both the vehicle and its drivers and attendants to significant losses. The cargo that armored car services carry is valuable and difficult to underwrite and insure.


What Type Of Insurance Do Auto Service Centers Need?

Operations that service automobiles include body repair, tire stores, quick lube oil operations, and muffler installers. All have pollution and completed operations exposures. Above ground and underground storage tank pollution, damage to customers' vehicles and employee injuries are all areas that must be covered.


What Type Of Insurance Do Automatic Car Wash Services Need?

Automatic car washes are a convenience available to motor vehicle owners. They may be part of an automobile service station or a stand-alone operation. Some markets offer a complete package of coverages, including property, general liability, business income, and crime, or they may provide these coverages separately. Property damage to customer vehicles coverage may be available subject to a significant per-vehicle deductible.


What Type Of Insurance Do Background Check Services Need?

An inaccurate background check can have life changing impact. A problem the check misses can result in a criminal having an opportunity to prey on innocent parties. An incorrect alert in the report can result in a person not getting a much needed job and then having to fight to clear his or her name. As a result, the professional liability coverage for these services is difficult to underwrite.


What Is Bailees Customers Insurance?

A business that takes in property of others for cleaning, repair, or processing is legally liable for any damage to those items. This imposed legal liability can be insured under a bailees customers coverage form. The most common example of a bailee type business is laundry/dry cleaners, but furriers, jewelers, radio and television repair businesses, and metal and fabric-processing risks have such liability imposed. This coverage is written on inland marine coverage forms that can protect only the legal liability. The coverage can be broadened to go beyond just the legal liability so that the business can maintain the goodwill of its customers. Further, it can be expanded to cover the bailee's interest in that customer's property.


What Is Barber Shop Liability Insurance?

Barber shop premises liability and barber shop professional liability coverage should be combined on a single policy. Most Businessowners Policies (BOPs) provide this combined liability for eligible operations. However, barber shops that do not qualify for a BOP treatment will need to find such coverage with a carrier that specializes in their exposures.


What Is Beauty Shop Liability Insurance?

Beauty shop premises liability and beauty shop professional liability coverage should be combined on a single policy. Most Businessowners Policies (BOPs) provide this combined liability for eligible operations. However, beauty shops that do not qualify for a BOP treatment will need to find such coverage with a carrier that specializes in their exposures.


What Is Burglar, Fire Alarm And Safety Equipment Company Liability Insurance?

The insurance industry strongly encourages its clients to purchase a variety of safety equipment, but few insurance companies are willing to insure safety equipment providers. Manufacturers, distributors, and businesses that install and service fire extinguishers, burglar alarms, sprinkler systems, and ventilation hoods with extinguishing systems for restaurants often find that only specialty markets can arrange coverage for their unique exposures and needs.


What Type Of Insurance Do Check Cashing Services Need?

This coverage is designed for individual check cashing service businesses or for businesses that provide such services as a part of a larger operation. Losses due to employee dishonesty, loss inside or outside the premises, and forgery are covered. When the check cashing service is part of another business, coverage applies to only the check cashing exposure.


What Type Of Insurance Do Coin-Operated Dry Cleaners And Laundries Need?

Coin-operated dry cleaning and laundry businesses present unique property and liability insurance hazards that are unacceptable to many standard carriers. Property loss potential due to fire and explosion from flammable dry cleaning solvents and from vandalism, malicious mischief, and/or theft in unattended or under-attended locations are underwriting issues most carriers try to avoid. Liability hazards can arise from faulty and careless operation of equipment, escape of harmful vapors, or the rowdy behavior of unattended children and young people in certain establishments. Some carriers have developed package policies for this class of business. The introduction of tanning beds, alcohol sales, and other attractions in some of these establishments warrants special attention.


What Type Of Insurance Do Courier And Messenger Services Need?

Courier and messenger services present significant automobile-related exposures because their vehicles operate almost nonstop in urban areas during normal working hours. In addition to auto exposures, couriers and messengers may also use bicycles, skates, or other means on sidewalks that create workers compensation and general liability-related exposures. Each risk must be considered carefully and cautiously. Premiums and deductibles depend on the operation's size, the area served, and the type of vehicles used. Older vehicles are usually subject to mandatory inspections.


What Type Of Insurance Do Court Reporters Need?

Court reporters are an essential part of all legal proceedings. They provide the written transcript of all judicial proceedings. The court reporter must be present during trials, depositions, and anytime an official record is required. The accuracy of the record is vital because it is the only acceptable record of the proceedings. Errors, mistakes or omissions by the court reporter can result in serious consequences for all parties to the judicial proceeding.


What Type Of Insurance Do Day Care Centers For Adults Need?

Liability insurance on day care centers for adults is very difficult to place because of the responsibility they assume for fragile older adults entrusted to them. These adults are ambulatory and live somewhat independently. If even a minor injury occurs, they may no longer be ambulatory and may be confined to a nursing home for the rest of their lives. Underwriting acceptability and the premium charged is based on the activities and services provided, the qualifications and experience of the staff, and the overall level of supervision. Abuse and molestation coverage should be considered.


What Type Of Insurance Do Day Care Centers For Children Need?

Liability insurance on day care centers, preschools, and private kindergartens is difficult to place because of the high degree of responsibility placed on them to care for young children. Underwriting acceptability and the premium is based upon the age of children, the activities the school provides, the qualifications and experience of teachers, the staff/child ratio, the school's accreditation, and the degree of supervision over both staff and children. Abuse and molestation coverage is usually excluded but can be bought back for sub-limits to cover defense and claims for negligent supervision by the day care.


What Type Of Insurance Do Durable Medical Equipment Rental Businesses Need?

Durable Medical Equipment (DME) is equipment to aid a medical condition that patients can use multiple times. Examples are wheelchairs, commodes, oxygen equipment, and patient lifts. Many of these items are needed for only short-term rehabilitation so renting the item is more cost effective than purchasing it. Businesses that rent these items start with new equipment and then service and repair the items after each use and before they are rented to others. Guidance and instruction in how the patient (and/or caregiver) must use the equipment are vital to the users' safety.


What Type Of Insurance Do Employee Staffing Services Need?

Staffing services furnish employees to businesses on a contract basis. They are responsible for the employees' payroll, employee benefits, workers compensation, and other human resource-related functions. Both general liability and professional liability are written in the same form. Third-party fidelity coverage, employment-related practices liability, and workers compensation coverage may also be provided.


What Type Of Insurance Do Equipment And Tool Rental Services Need?

Equipment and tool rental risks are difficult to place. Coverage for tools and equipment rented to persons who are often unfamiliar with the equipment is needed because the items rented may be damaged or broken. The liability exposure is also significant because of the renter's unfamiliarity with the equipment especially when chainsaws and other power tools that can cause serious injury are available.


What Is Equipment Leasing-Lessor Protection Insurance?

Equipment leasing contracts require that the lessee insure the leased equipment. However, at times the lessee does not meet its obligation. In order to protect its interest in the equipment when such a lapse occurs, the owner can purchase contingent coverage that pays for its interest in the equipment. This coverage can be broadened to include the lessee's interest.


What Type Of Insurance Do Independent Pay Telephone Operators Need?

Independent pay telephone operators are replacing the larger telecom companies in providing access to public telephones. Property and casualty coverage has been designed to address the specific insurance needs of these operators. General liability and excess liability coverage is available. Property coverage is available for the operator's office personal property and the individual payphones.


What Type Of Insurance Do Independent Testing Services Need?

When a contract or regulation requires that certain standards be met a method must be in place to ensure that those standards are being met. Because multiple parties are interested in compliance, an outside and independent organization is hired. These testing services will typically involve extensive off-premises exposures that require professional, general liability, workers compensation, and inland marine coverages. The degree of hazard will vary based on what is being tested and the equipment and/or chemicals used in the testing.


What Type Of Insurance Do Janitorial Services?

Janitorial service contractors provide daily, weekly, monthly, or other periodic building maintenance work. Services include washing windows and/or walls, waxing floors, shampooing carpets, and other building maintenance services. Most standard markets are not interested in writing them because of the access they have to buildings and the accompanying potential of bodily injury, property damage, and theft.


What Type Of Insurance Do Lawn Care Services Need?

The typical lawn service cuts grass, controls weeds, insects, and lawn diseases, dethatches or aerates lawns, and seeds or sods new lawns. Many lawn services also do landscaping, maintain plants and shrubbery, and install automatic lawn sprinkler systems. The primary underwriting concerns are the experience of the lawn service and the training program and experience of employees. Spraying pesticides and herbicides or fertilizer is a significant liability exposure, primarily because of the possibility of drift. The insurance carrier usually thoroughly checks and analyzes the chemicals that lawn service companies use.


What Type Of Insurance Do Limousine Services Need?

Limousine services are growing in popularity and use, especially in or near urban areas and airports. These operations vary in size from individual owner/operators to large fleets of limousines, some of which are equipped for special purposes. Some operate in only one city and shuttle air travelers back and forth from the city or hotels to the airport. Others operate for special purposes, such as for weddings, proms, to escort executives from place to place, or as a party vehicle when clients visit various nightclubs or sporting events. These services usually furnish high-value limousines, such as Cadillacs, Lincolns, Rolls-Royces, or unique vehicles such as stretch SUVs. Coverage applies to commercial automobile liability and physical damage to the limousines on a stated amount basis, subject to a deductible.


What Type Of Insurance Do Lobbyists Need?

Lobbyists operate at the local, state and federal level to advocate for or against legislative initiatives on behalf of their clients. The lobbyist exposure is similar to a law office but with more significant personal and advertising injury exposure. Many lawyer professional policies exclude lobbying exposure so endorsements are needed. Electronic data liability, cyber liability, computer fraud, and EDP coverage are essential coverages. Many lobbyists have extensive off-premises and travel-related exposures.


What Is Medical Personnel Service Agencies Professional Liability Insurance?

Liability insurance has been adapted specifically for medical personnel service agencies. Coverage includes commercial general liability and professional liability. Agencies eligible for coverage include nurses' registries, home health-aid services, and state or city visiting nurse associations. It covers physiotherapists, dental assistants, pharmacists, LPNs, and RNs. It can also include medical personnel such as ambulance attendants, chiropractors, emergency medical technicians, nurse practitioners, paramedics, and physicians' assistants on an optional basis. Liability limits vary, based on the type of agency and the extent of its operations.


What Type Of Insurance Do Moving Companies Need?

Moving and storage companies are responsible for their clients' personal and commercial goods from the time the load is removed from the client's home or place of business, during transit, while in temporary storage, until it is delivered to (and unloaded at) its final destination. Coverage is available for auto liability and physical damage, general liability, the client's goods while in transit and in storage, the client's business personal property, and workers compensation.


What Type Of Insurance Do Musicians Need?

There are many different types of musicians. Each has exposures unique to his or her type of music, venues played, and management involvement. Musicians may sign with an agent or management firm that handles all arrangements and contracts. They may be part of a record label that distributes recorded music. Others operate independently, including producing and distributing their music. Coverage varies based on the type of exposure.


What Type Of Insurance Do Nurseries Need?

Nurseries make up a special class of agribusinesses and require tailor-made insurance coverages to insure their individual and unique exposures. Nurseries sell trees, shrubs, and ornamental plants on either a retail or wholesale basis. Many nurseries also perform landscaping services for home owners, apartment complexes, and businesses. A few enterprising nurseries employ landscape architects to design landscaping projects. These risks need coverage for liability exposures and greenhouse operations. Pollution coverage is required if pesticides and herbicides are used on or off premises to care for and maintain nursery stock. There is an additional pollution hazard if there are aboveground or underground storage tanks or drums of chemicals, herbicides, pesticides, and fertilizers. Workers compensation is a difficult exposure due to lifting and moving heavy trees and shrubbery and pruning operations, as well as exposure to various chemical compounds. Commercial fleets or trucks and other equipment may also present unusual exposures. Crop insurance is usually handled in conjunction with federal crop insurance programs.


What Type Of Insurance Do Parking Garages And Parking Lots Need?

Liability coverages on independent parking garages and lots can be difficult to place, especially those located in the downtown areas of larger cities. Commercial general liability and garagekeepers legal liability coverages are available for parking facilities. Rates are based on the number of parking spaces. As a part of this package, coverage may be available for valet parking offered by nightclubs, restaurants, and hotels.


What Type Of Insurance Do Pizza Delivery Services Need?

Special complete package programs tailored to the needs of pizza delivery operations are available. While most of the coverages provided are standard, these programs also include the hired and non-owned auto liability coverage these operations need but that standard markets are usually unwilling to provide.


What Type Of Insurance Do Quick Lubes Need?

Franchise and non-franchise oil change specialty operations seem to be everywhere! Garage liability, garagekeepers legal liability, commercial general liability, property, auto, crime, and equipment breakdown coverages can be written on a monoline basis or as a commercial package policy. Deductibles range from low to very high, depending on the nature and extent of services provided.


What Is Security Guard Services And Detective Agencies Liability Insurance?

Liability coverage for security patrol and detective agencies is available from primarily excess and surplus lines markets and specialty coverage programs. Underwriters pay close attention to employee training, use of firearms, the exact type or nature of patrol work performed, use of guard dogs, and previous losses. Premium is based on payroll and coverage is subject to a deductible. Some underwriters and programs include professional liability coverage and personal injury liability coverage.


What Type Of Insurance Do Snow Removal Contractors Need?

There are different types of snow-removal contractors. Individuals add a blade to their pick-up or SUV and remove snow for neighbors and local businesses in order to provide service and obtain supplemental income.Other contractors provide the service as an extension of their landscaping or other seasonal type operations. These contractors may have employees and remove snow as a primary source of wintertime income. In either operation, the primary exposure is automobile liability and physical damage.


What Is Third-Party Fidelity Coverage?

Third-party fidelity insurance coverage is available to a variety of contractors that make regular service calls to homes and businesses. Examples are air conditioning and heating services, appliance and television repair services, burglar alarm installation businesses, maid and janitorial services, pest control services, and detective and security guard services. Computer service providers are also eligible for this coverage because their employees have access to their clients' computers. This crime coverage protects both the service provider and the customer from losses due to dishonest acts that the service provider's employees commit.


What Is Tree Service Liability Insurance?

Tree service companies have hazardous liability exposures. They include tree surgery, spraying insecticides and pesticides, removing the wrong tree, and removing stumps. Bystanders may be injured by falling limbs and tree trunks. Damage to property of others may occur when the tree service trims branches or removes trees.


What Type Of Insurance Do Valet Parking Services Need?

Hospitals, restaurants, country clubs, hotels, museums, and individuals contract with valet parking services as a courtesy for their guests. Guests stop at a marked valet station, give the vehicle's key to the attendant, and receive a ticket. The valet parks the vehicle in the appropriate area. When the guest returns, presents the ticket, and pays the parking fee, the valet retrieves the vehicle and returns it to the guest. Additional services such as automobile detailing and shuttle services may also be provided.


Service Business Insurance - The Bottom Line

We hope that the Service Business Insurance helps you to better understand the some of the specialty small business commercial insurance policies available for your business. To find out what types of coverage your unique business needs, speak to a professional commercial broker with experience in insuring businesses like yours.

Specialty Small Business Insurance Guide By Industry, Risk Or Policy Type



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.

Small Business Information

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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 InsuranceWhat 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 PoliciesWhat 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 InsuranceWhat 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 BondWhat 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
Small Business Commercial Insurance

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.

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