Saws buzzing. Wood splintering. Dust flying. Hammers...hammering. A carpenter’s worksite is a hazardous place where accidents can happen regardless of how much care is taken. If you don’t want your business to be impacted by the financial liability of injuries or damages that occur on one of your jobs, then it’s important for you to have the right type of insurance policy in place to keep you and your clients protected.
Carpenter’s liability insurance is a type of commercial general liability policy specifically suited to the types of commercial risks faced by those who work and build primarily with wood its related tools and materials.
Builder's risk insurance is a special type of property insurance protects a builder or owner against damage that occurs to new or existing buildings that are under construction.
Commercial general liability typically provides coverage in case an injury or damage takes place on a business' property or while a business is operating. For instance, a customer could slip on the floor of your property, or an employee working at someone's home can slip and cause damage.
Tools and equipment insurance is a type of inland marin insurance that provides coverage if essential and expensive tools get destroyed or stolen. You can add this as a supplement to your insurance policy to typically cover heavy and rare equipment that can be difficult to replace and find.
There may be several kinds of coverage that you may need to fully protect your business, but general liability covers the exposures that are most common to carpenters such as bodily injury to your clients during a site visit, damage to a client’s property, and costs related to legal issues. When discussing your insurance options with a qualified provider, they may recommend that you supplement your carpenter’s liability with coverages such as worker’s compensation or commercial auto insurance to build a truly comprehensive plan.
To find that qualified provider, complete the request a quote form today. You’ll receive a free consultation and get connected with a carrier that understands the needs of carpentry businesses. They’ll help you pick the best policy at a price that fits your budget.
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.