For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!
A fire alarm isn’t the only requirement for operating a commercial building legally. Authorities also demand fire sprinklers. Fire sprinkler contractors are ready and waiting to install these.Â
Protecting your business against potential risks and liabilities is crucial as a fire sprinkler contractor. Fire sprinkler contractor insurance provides comprehensive coverage to safeguard your operations, assets, and employees.Â
This article will explore the various insurance policies available, their coverage limits, add-ons, and more. Additionally, we will provide insights into the costs involved and present quotes from leading insurance companies in the industry.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance for fire sprinkler contractors offers coverage for legal expenses, third-party medical costs, third-party property damage repairs, and settlements or judgments resulting from covered incidents. The specific coverage limits typically range from $1 million to $5 million, depending on the policy and the specific requirements of your fire suppression contractors insurance programs.
Product liability insurance to protect against claims arising from faulty fire sprinkler system components
Completed operations coverage to address claims arising from faulty installation or maintenance work
| CoverWallet | NEXT | Thimble (Best) | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 | $2,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included | No |
Professional liability insurance for fire sprinkler contractors covers claims that arise from errors, omissions, or negligence in your professional services. The specific coverage limits for this fire suppression contractors insurance can vary, but they typically range from $100,000 to $2 million, depending on the policy and your business requirements.
Design errors or omissions in fire sprinkler system plans to result in property damage or bodily injury
Claims related to faulty advice or recommendations from clients regarding fire safety measures
Allegations of professional negligence or failure to meet industry standards in the design or installation of fire sprinkler systems
Technology errors and omissions insurance to address claims arising from errors in fire sprinkler system software designÂ
Cyber liability insurance protects against data breaches or cyberattacks that compromise client information
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $330,000 | $25,000/$500,000 | $60,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $60,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance covers damage or loss to your property caused by covered perils such as fire, theft, vandalism, or natural disasters. Coverage limits can vary based on the value of your property and the specific policy, ranging from $100,000 to several million dollars.
Fire damage to your office, warehouse, or workshop
Theft or vandalism resulting in the loss of valuable equipment or tools
Business interruption costs due to a covered event, such as a fire, that temporarily halts your operations
Equipment breakdown insurance to protect against mechanical or electrical failures of fire sprinkler system components
Inland marine coverage to cover tools and equipment while in transit to and from job sites
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $330,000 | $25,000/$500,000 | $75,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
A BOP provides bundled coverage, including general liability and commercial property insurance. The coverage limits for a BOP are similar to those of individual general liability and commercial property insurance policies, offering financial protection against bodily injury, property damage, and other covered perils.
Property damage caused by fire, theft, or other covered perils
Third-party bodily injury claims occurring on your premises or as a result of your operation
Damage to clients' property was caused during fire sprinkler system installation or maintenance
Equipment breakdown coverage covers for the repair or replacement of essential equipment
Crime insurance provides coverage for financial losses caused by theft, social engineering, forgery, and other dishonest acts
A business owner's policy provides convenience and cost savings by bundling essential coverages into a single package, ensuring comprehensive protection for your business operations and assets.
