Swimming Pool Maintenance And Service Insurance Rhode Island Policy Information
Swimming Pool Maintenance And Service Insurance Rhode Island. Pool service companies provide service, maintenance and repair services.
As the owner and operator of an RI pool service company, you have a lot of responsibilities on your shoulders. Ensuring day-to-day operations are running smoothly, stocking the storing a wide range of products and tools, overseeing your staff, and making sure that the needs of your clients are met; there's a lot that you have to attend to.
Despite your best efforts to ensure that the various components of your business are running smoothly, all it takes is one slip-up or an unplanned for event and you could be in serious trouble. Pool cleaning service insurance can help cover costs if an employee gets into an accident while driving to a client's home, or if a client trips over the pool cleaning net and gets hurt.
To protect yourself from oversights and the unexpected, having the right type of swimming pool maintenance and service insurance Rhode Island is essential.
Swimming pool maintenance and service insurance Rhode Island protects your business from lawsuits with rates as low as $29/mo. Get a fast quote and your certificate of insurance now.
Why Do Swimming Pool Maintenance And Services Need Insurance?
RI pool maintenance companies offer many services including: cleaning pool filters, vacuuming and cleaning along with heater repair and more. Swimming pool service providers face a variety of risks. Acts of nature or vandalism could cause significant damage to your store; employees could sustain serious injuries; clients could accuse you of not delivering the services they paid for. These are just some of the events that could occur, and all of them can put your business in jeopardy.
Should a client file a lawsuit against your business, for example, you not only have to pay for legal defense, but you also have to cover any costs that may be awarded to the client in damages. Or, if an employee sustains a work-related injury, you're legally responsible for any medical costs that may be incurred.
The expense that can be associated with mishaps and unexpected events can be crippling; but, if you have the right type of swimming pool maintenance and service insurance Rhode Island coverage, you can avoid financial hardship. Why? - Because instead of paying for repairs, medical care, legal defense fees, and other costs that you're liable for out of your own pocket, your insurance carrier will cover the expense for you. Plus, you're legally required to have certain types of commercial coverage.
If you fail to have mandated policies, you could face stiff penalties and potentially lose your RI pool cleaning service business.
What Type Of Insurance Do Swimming Pool Maintenance And Service Businesses Need?
There are several types of swimming pool maintenance and service insurance Rhode Island coverage that pool service providers should carry. The specific types of policies you should have in place will depend on the unique nature of your business; however, there are certain forms of coverage that operators of all RI swimming pool service companies should have, including:
- General Liability - This policy protects you from third-party injury and property damage claims, as well as formal lawsuits that may be filed against you. It provides coverage for any financial liabilities, as well as the expenses that are associated with any legal defense that you might need. For example, if someone other than an employee gets hurt at your store and files a lawsuit against you, or if an employee uses the wrong chemicals and damages a client's property, business liability insurance would pay for the damages and legal fees.
- Completed Operations - If a client's property is damaged or someone sustains an injury as a result of the services you provide, even after the services have been delivered, you are still liable. For instance, if a high concentration of chemicals damages the lining of a pool you treated, you would be responsible for any damages. Completed operations insurance covers the costs of expenses that are associated with damages and injuries related to services you provided after those services were delivered.
- Commercial Property - A massive windstorm could send a tree crushing down on top of your store, or a vandal could spray paint graffiti or smash the windows of your commercial space. When situations like these arise, commercial property damage will protect you from the financial losses that are incurred. This policy covers the physical structure of your commercial space as well as the contents within it from acts of nature, vandalism, and theft.
- Workers Compensation - If an employee gets injured on the job or suffers a work-related illness, you're responsible for any necessary medical care, as well as wages that he or she may lose. Workers' compensation coverage will cover these expenses so you don't have to pay for them out of your own pocket.
RI Swimming Pool Maintenance And Service Risks & Exposures
Premises liability exposure at the pool maintenance co. premises may be limited due to lack of public access. If there is a showroom or retail sales of pool supplies, customers may slip and fall over displays. Equipment stored in an open yard may present an attractive nuisance. The storage of flammable chemicals presents a property damage exposure to neighboring buildings.
Workers compensation exposure - back injuries, hernias, sprains and strains can be caused by lifting or moving pool supplies. Work at heights, cuts, abrasions and eye injuries can occur. Exposure to pool chemicals can result in burns, eye irritation, or inhalation damage to lungs.
Property exposure at the companies' own location may be limited to those of an office and storage of materials, equipment, and vehicles. Some pool service companies have a small display area while others display above ground pools and a variety of pool related products available for retail purchase. Any flammable pool chemicals must be properly labeled, separated, and stored in approved containers, cabinets, and rooms as the introduction of even a small amount of water to certain dry chemicals can trigger an explosion. Property stored outside may be a target for vandalism.
Crime exposure are from employee dishonesty and money and securities. 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. Audits, including inventory, should be conducted at least annually.
Business auto exposure - drivers must be experienced and aware of the cautions necessary in transporting pool chemicals to prevent overturn and damaging other vehicles or property. 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.
RI Swimming Pool Maintenance And Service Insurance - The Bottom Line
To find out more about other swimming pool maintenance and service insurance Rhode Island policies you may need - and the amount of coverage you should carry, consult with an agent that specializes in commercial business insurance.
Rhode Island Economic Data, Regulations And Limits On Commercial Insurance
If you are considering starting a business, it's important that you choose the right location for your operation. Ensuring that the area offers the right market and demographics that will benefit from and be interest in the goods and/or products that your business intends on providing are vital for your success.
If you are thinking about starting a new company in Rhode Island or would like to expand the operations of an existing company into the state, it's crucial that you ensure the state offers a healthy climate that will allow your business to reap as much success as possible.
By assessing the employment rate of a state, as well as the key business sectors that are thriving there, you can determine if Rhode Island is a practical location for your company. Additionally, to ensure that you are in compliance with the law, it's imperative that you are aware of the commercial insurance coverage that business owners are required to carry in the state.
Below, we offer an overview of the economic trends and commercial insurance requirements in the Plantation State so you can determine if it will be a good location for your business.
Economic Trends For Business Owners In Rhode Island
As of December, 2019, the Bureau of Labor Statistics reported that the unemployment rate in the state of Rhode Island was 3.5%, which was on-par with the national average, which was also 3.5% at the same time.
Economists credit favorable taxes, the close proximity to regional markets, and the diverse workforce for the state's health economy.
In regard to locations within the state that offer the best opportunities in the Ocean State, urban areas are ideal. This includes:
The suburban regions that surround the state's metropolitan areas also offer favorable conditions for businesses.
Businesses of varying sizes and in a variety of industries are thriving in RI. At the time of writing, the sectors that are seeing the most activity in Rhode Island include:
- Financial services
- Health care
- Hospitality and tourism
- Professional services
Commercial Insurance Requirements In Rhode Island
The Rhode Island Division of Insurance Regulation regulates insurance in RI. Rhode Island mandates very few forms of insurance coverage by law. They enforce worker's compensation.
Rhode Island requires you to have worker's compensation insurance if you have four or more employees on a regular basis. This includes part-time employees, family members, minors, and immigrant employees. It is not required for independent contractors or domestic employees, though you should check to make sure any contractors you have are true contractors, and not employees.
Rhode Island also requires all business-owned vehicles to be covered by commercial auto insurance. Other types of business insurance that business owners should carry depend on the specific industry.
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
- Tool Grinding And Repair
- Tree Surgeon
- Tree Trimming
- Tank Cleaners
- Upholstery Shop
- Waste Haulers & Garbage Collection
- Water Well Drilling
- Welding Contractor
- Wildlife & Pest Control
- Window Cleaning
A contractor that wants to begin or stay in business, liability coverage must be obtained for the premises or operations, off-site locations and products/completed operations exposures. These coverages may be included as a part of a businessowners policy (BOP) or purchased in a commercial general liability (CGL) policy. Owners and contractors protective liability and railroad protective liability coverages may also be required in certain cases in order for a contractor to obtain a particular job.
Physical damage coverage for tools, supplies and equipment, both on and off the contractor's premises, is a concern. Liability exposures at the premises of the contractor, and at the premises of the contractor's customer, must be properly addressed along with completed operations. Business insurance is very important as is workers compensation insurance protection for employees.
Contractors may work under a general contractor as a subcontractor in larger construction projects - like a new commercial site or residential subdivision. They can work on smaller projects directly with a home owner, usually specializing in renovations or remodels.
In business insurance speak, often called 'artisan contractors' or 'casual contractors', they are involved in many aspects of construction and contracting work – and include various trades and skills. Carpenters, painters, plumbers, electricians, roofers, tree trimmers, landscaping are just a few examples. They may do roofing, fencing, drywall, tile work and many other trades that involve skilled work with tools at the customer's premises.
An artisan contractor performs a single trade or job, and each has its own specialized liability needs with its own exposures to risk and accidents. Contractors liability insurance can offer coverage for bodily injury, property damage, advertising injury and medical payments.
Most artisan contractors should have commercial general liability at the very least, but many need broader coverages - like an umbrella to increase their limits of liability, inland marine policy to protect their tools, workers compensation if they have employees, and even commercial auto if they use vehicles for business purposes.
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.
Request a free Swimming Pool Maintenance And Service Insurance Rhode Island quote in Barrington, Bristol, Burrillville, Central Falls, Charlestown, Coventry, Cranston, Cumberland, East Greenwich, East Providence, Exeter, Foster, Glocester, Hopkinton, Jamestown, Johnston, Lincoln, Little Compton, Middletown, Narragansett, New Shoreham, Newport, North Kingstown, North Providence, North Smithfield, Pawtucket, Portsmouth, Providence, Richmond, Scituate, Smithfield, South Kingstown, Tiverton, Warren, Warwick, West Greenwich, West Warwick, Westerly, Woonsocket and all other RI cities & Rhode Island counties near me in The Ocean State.
Also find Rhode Island insurance agents & brokers, RI local small businesses by General Liability Class Code and learn about Rhode Island small business insurance requirements for general liability, business property, commercial auto & workers compensation including RI business insurance costs. Call us (401) 371-8771.