When painting a wall, professionals will aim for an even and complete spread. It doesn’t matter how great the rest of the paint coverage is, just one bit of exposed wall will ruin the whole effect.
The same goes for your insurance coverage. Just one hole in your coverage could expose you and your business to heavy financial losses.
Secondly, it’s important to use the right paint for the job. You don’t want to use a paint that will not take to the surface you’re trying to cover, and the same can be said for your insurance.
A confusing amount of options could lead to underinsurance, or you spending money on insurance you don’t need.
Here are three things painters might not know about their business insurance.
Painters might not know that they can be left liable for any advice they give to others.
Professional indemnity insurance will cover a painter against any claims that your advice caused a client damage or loss. With the right level of insurance you will be personally covered and your assets secure.
Painters can take all the precautions in the world for minimising the risk of accidents, but when your daily job involves ladders and chemicals, a robust business insurance policy is necessary.
Protecting yourself and your employees from personal injury or illness is a key part of a complete painters’ insurance package.
Small business insurance
Transportation is essential for practically all painters. However, small-business owners might not know what breaks they can get from insuring their vehicle as a tool for business.
Another form of protection small businesses may need is a policy that covers tax investigation cover. Audits can be costly and time-consuming – two things that are sure to cripple local businesses.
If you are unsure of the type of cover you need, and require impartial advice that works for you, insurance brokers are here to help.