Without painter’s insurance, your budget is on the verge board. Painting houses is without question a hands-on activity. Of course, you take pride in what you do and so you ensure that you can pay for every nook and cranny or portion of your house that you’re painting.
So it goes without saying that when disaster strikes and you have to paint a wall, there will be no place for supplies and equipment. What’s more, if you were to have a major accident or two during a rush, it will mean having to replace most of what you’ve just painted.
So how do you save money when it comes to the painting business? Well, one of the best and quickest ways to save your neck is to get yourself a painter’s insurance policy before you start the painting business. Just imagine if your major accident occurs while on a big project and you have to call in a backhoe and major equipment to finish the job. That could cause a serious loss of funds for you and your business.
Why Do painters need insurance? With the help of your painter’s insurance policy, you will be able to continue painting and save your finances from getting wiped out. The next time you get called by a client, don’t think twice about calling up your painter’s insurance company and making certain they will cover all the damages that your client has mentioned.
You may want to call it once every three months or when something major happens. But whatever you do, make certain that your insurance company will stand by you and your painting business at all times. The reason why insurance is so important for painters is because there are far too many elements that could get damaged during a typical painting job.
For example, when painting an interior wall, there are doors, windows, walls, and other structures that can get damaged if there is water damage or if something is dropped on your property.
Your clients are very important and you can not take any chances with them. There is always a chance that the client could fall and get injured. When there is injury or damage of any sort, the painter’s insurance will be responsible for paying for the medical expenses and for repairing the damages that occurred.
There are different types of painting insurance policies that are offered by painters. Some of these policies are specifically designed to pay for injuries that your employees may get while working. If you have employees, it is wise to make sure you have a proper workers’ compensation plan for your staff.
When you have employees, you need to keep a complete and accurate workers’ compensation policy so that your insurance policies can cover your staff. A general workers’ compensation policy covers medical expenses, rehabilitation, and temporary disability benefits.
These are just some of the things that painter’s liability insurance will cover. If you own a painting business, you need to have painter’s liability insurance so that if someone gets hurt while on your property, you won’t be out too much money. Many factors go into deciding your painter’s insurance rates.
For example, the size of your painting business, the type of paints you use, the amount of experience that your employees have, and the quality of your work all go into determining your rate.