INSURANCE FOR PAINTERS

1. Insurance provides protection from financial risks on the Job site. 

Your personal finances are at risk if you visit clients’ properties without the protection of painters business insurance. At the very least, ensure your insurance coverage includes general liability, which protects you and your employees against claims involving property damage, accidents, and more.

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2. Having insurance will attract more clientele.

Clients will feel more secure hiring you for a project when your business is protected by insurance coverage.  You can take on more employees and larger projects with the confidence you need to succeed. 

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3. Your state legally requires you to have insurance coverage.

Laws vary by state, but for the most part, you should assume that you’re required to get business insurance coverage. By law, business owners need to have two types of insurance policies:

• General liability

• Workers compensation

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General liability (GL) coverage protects your painting business from claims and lawsuits resulting from any property damage or accidents you caused while at a client’s home or office. This coverage should be the foundation of any insurance policy you take out, so make sure to include this when pricing out policies.

If you have any type of employees - whether they’re full-time, part-time, or subcontractors - you’ll need workers compensation insurance.

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This type of coverage financially protects you in case these employees get hurt or sick on the job. Plus, workers comp policies usually cover part or all of the sick employee’s pay while they’re recovering. Should your painting employee end up with a long-term disability because of the accident, your policy may be able to financially provide for that person for a certain period of time.

 

4. Insurance Coverage gives your business extra credibility and reliability.

Having an insurance policy shows that you’re a serious business owner, and not just someone who’s painting as a side gig. When your customer sees that you have insurance, they see you as a professional who will treat their house or office with care and respect.

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5. A good insurance coverage can attract potential employees.

Having coverage shows employees that they’ll be protected in case they get hurt or sick on the job.