Your business helps painting contractors and related professionals keep up with the demands of clients for quality painting services. It might also sell other products for building projects such as siding and wallpaper.
See to it that your startup paint store can keep up with different challenges in commerce by purchasing insurance. Insurance can help if a face painter shifts the blame to you when clients sustain rashes due to a poorly made glycerin paint. You can also leverage insurance to cover the repair of your commercial vehicle’s parts.
You get the best protection through paint store insurance. Read this guide that will talk about what policies are included, the cost of premiums, and the best companies.
Operating your business exposes you to risks that can lead to costly lawsuits and claims. Paint shop insurance not only protects you from financial losses, but it also opens opportunities for your business to grow in several ways:
Most states require businesses to have insurance. Although the insurance requirements vary by state or municipality, you'll likely be required to have general liability and workers' compensation insurance.
Finding your first clients for your new business can be challenging. At this point, anything you do to earn their trust and confidence can help. Having business insurance demonstrates that you're serious about your business. It also builds customers' confidence in your skills and profession. A paint shop owner with insurance highly regards their business reputation, and insurance coverage shows you're ready to safeguard it even if that means incurring monthly premiums.
You shouldn't consider your paint store insurance an expense; it can be a huge investment. Once your target clients know you're insured, they'll be motivated to choose your store over another. In addition, industrial and government clients often require paint suppliers to show proof of insurance. That said, paint store insurance may just be the missing tool you need to expand your business and take on larger clients.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $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 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included |
General liability insurance is always included in paint store insurance packages. With this insurance, you can cover your business against a variety of claims, including:
Bodily injury–If a customer comes to your store and suffers an injury because of a slip and fall accident, your general liability coverage caters to their medical expenses
Property damage–Your paint shop may be legally liable for any property damage a customer suffers while on your commercial property. General liability insurance can help you cover refunds or reimbursements in this case
Advertising injury–This can occur if you infringe an intellectual property or misused the trademark of another business. You can also use general liability insurance to cover legal defense and other related costs to sort this type of claim out
Reputational harm–General liability insurance will cover your legal defense if a third party files a claim for slander or libel
| CoverWallet (Best) | NEXT | Thimble | Hiscox | |
|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000 |
| Name additional insureds? | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 |
This insurance policy is also known as errors & omissions (E&O) coverage. It protects your business from claims for negligence, inaccurate advice, misrepresentation, breach of contract, and violation of good faith. Use the table above to see which insurance company offers the best professional liability insurance for paint stores.
Product liability insurance will help if a customer files a claim and accuses your paint store of selling paint and other related products with incorrect labeling, poor packaging, improper instructions, or harmful formulation.
This insurance grants the money you can use to cover the expenses for medical treatment, reimbursement for property damage, and product recall. In most cases, product liability insurance is already included in your paint store’s general liability insurance.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $400,000 | $25,000/$500,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded |
Paint is a highly combustible substance. That’s why your business is highly prone to devastating fires. One way to make sure that your business can survive and recover is by purchasing commercial property insurance. Use the table above to see which insurance company offers the best commercial property insurance.
Commercial property insurance will reimburse your losses in case your paint business’s brick-and-mortar store, paint products to be sold, computers, and costly equipment gets damaged or lost due to fire, theft, vandalism, riot, civil commotion, volcanic action, sinkhole collapse, lightning, falling objects, and other covered perils.
No. Commercial property insurance will only cover the damage or destruction of inventory that occurred within the premises of your business. Nonetheless, you can cover stocks and other business property in transit by purchasing inland marine insurance.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | |
|---|---|---|---|---|
| General liability aggregate limit | $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 | $400,000 | $25,000/$500,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes |
Your paint store can fuse general liability and commercial property insurance into a business owner’s policy. By doing so, you enjoy a 5%-10% discount on premiums. Another advantage is that add-ons will become available, such as cyber liability coverage, hired/non-owned auto liability coverage, and others. Use the table above to see which insurance company offers the best business owner’s policy for paint stores.
Consider purchasing workers' compensation insurance. Workers' compensation insurance is coverage for your part-time and full-time employees. Authorities will mandate you purchase this coverage as soon as one or more people are hired.
Work-related accidents can occur in your paint store. An employee can slip or fall, get exposed to a harmful chemical, get hit by something, or fall from a height. The job of workers' compensation insurance is to cover the following costs when such things happen:
Emergency care
Hospitalization
Medication
Rehabilitation and retraining
Lost wages
Death benefits
One paint store is different from another. And so, the policies we featured above might not be what you only need. Here are other business insurance solutions that you might find useful:
Commercial auto insurance–Your business vehicle liability insurance covers third-party injuries and property damage if an employee drives your work vehicle and gets involved in an accident. Remember, your personal auto insurance won't cover the commercial use of a car, so you need a separate policy to protect your business van or truck
Cyber liability insurance–Data breaches and cyberattacks can expose your company's and customers' sensitive information (driver's license numbers, credit card numbers, and social security numbers). If this happen, you can leverage cyber liability insurance to cover data breach containment, credit/fraud monitoring, legal defense, and data recovery
Umbrella liability insurance–This type of coverage is designed to offer extra protection beyond the coverage limits of your other insurance policies. For instance, if a claim exceeds your general liability limits, your commercial umbrella insurance can cover the shortfall
Employee dishonesty insurance-Employee dishonesty insurance will cover financial losses after an employee or a group of employees commit theft, social engineering, fraud, embezzlement, and other dishonest acts against you
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $50 | $600 | $0-$500 |
| Professional liability insurance | $70 | $840 | $500-$1,000 |
| Umbrella liability insurance | $55 | $660 | $1,000 |
| Commercial property insurance | $130 | $1,560 | $1,000-$2,000 |
| Business owner's policy | $180 | $2,160 | $1,500 |
| Employee dishonesty insurance | $60 | $720 | $1,000 |
| Commercial auto insurance | $90 | $1,080 | $500-$1,000 |
| Workers compensation insurance | $100 | $1,200 | $1,000-$2,500 |
| Cyber liability insurance | $115 | $1,380 | $1,000 |
The average paint store insurance cost is $50 per month or $600 per year for a $1 million general liability policy. Premiums vary depending on a variety of factors:
The level of risk in your industry
Your business location
Your paint store's size
Claims history
Coverage and deductibles
Number of employees
Here’s another table that shows the rate of a $1 million general liability insurance from the best companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $36 | $432 | Best overall; Fastest general liability insurance for paint stores |
| CoverWallet | $39 | $468 | Paint store insurance online quotes comparison |
| Tivly | $41 | $492 | Comparing paint store insurance quotes over the phone |
| Thimble | $44 | $528 | On-demand coverage for paint stores |
| Hiscox | $46 | $552 | Paint store insurance with automatic renewal |
| State Farm | $50 | $600 | Overall customer satisfaction |
It's critical to compare paint store insurance quotes from various providers to find the best insurance policy for your needs at an affordable rate. Start by clicking the “Get Quotes” button on this page.
Get all the best quotes from leading providers in a click of a button!
The paint industry has unique risks, and you shouldn't settle for any other provider when shopping for paint shop or painter insurance.
What you need is a company that deeply understands the potential risks your business faces. Here are the best paint shop insurance companies. Read some of the reviews below to know their pros, cons, and rate for a $1 million general liability policy.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for paint stores
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
With NEXT, you can get online quotes, purchase policies, handle claims entirely online and even get a response within 48 hours. The company may be a relative newcomer in the insurance market, but it boasts a high AM Best rating for financial stability. So, customers can rest assured that the company will settle their claims. Here’s a glimpse of this company’s paint store insurance package:
$1 million-$2 million product liability insurance
$1 million-$2 million general liability insurance
$400,000 commercial property insurance
Workers compensation insurance
Business owner’s policy
Best for: Best overall; Fastest general liability insurance for paint stores
Average cost: $36 per month
Our rating: 10/10
Compare paint store insurance quotes online
Cancel your coverage anytime
Easy online policy management
Waiver of subrogation can be included in general liability insurance
Not an insurance company but an insurance broker
CoverWallet curates the different paint store insurance quotes and presents them so that you can compare. And for you to start the insurance application process, you need to use this company’s online platform. Policies you can get from CoverWallet are as follows:
$1 million-$2 million general liability insurance
$1 million professional liability insurance
$50,000 commercial property insurance
Umbrella liability insurance
Workers compensation insurance
Business owner’s policy
Best for: Paint store insurance online quotes comparison
Average cost: $39 per month
Our rating: 10/10
Compare insurance quotes over the phone
A partner of many reputable insurance companies
Responsive customer service
You need to call to get a quote
Tivly’s paint store insurance package offers general liability insurance, commercial property insurance, commercial auto insurance, employee dishonesty insurance, workers' compensation insurance, and business owner’s policy. You need to call a representative to know policy limits and compare quotes over the phone.
Best for: Comparing paint store insurance quotes over the phone
Average cost: $41 per month
Our rating: 10/10
Quick to issue an estimate of your rates
On-demand coverage
Sells a short-term general liability policy
Offers numerous types of endorsements
Business owner’s policy isn’t available if your paint store is renting or leasing its space
Thimble doesn’t have a paint store insurance package. However, you can get your business covered through this company’s retail insurance which offers a general liability policy, business owner’s policy, and workers' compensation insurance.
Best for: On-demand coverage for paint stores
Average cost: $44 per month
Our rating: 9/10
Worldwide coverage
Automatic policy renewal
You can include upgrades to your policies
Policy limits can be easily customized
Low limits on its business owner’s policy
Hiscox’s paint store insurance offers a general liability policy, business owner’s policy, and cyber liability insurance. This company’s general liability insurance has a $300,000-$2 million limit, and upgrades can be added such as non-owned/hired auto liability coverage and waiver of subrogation. The business owner’s policy, on the other hand, has a $300,000 general liability coverage and $25,000 commercial property coverage. Finally, your paint store’s cyber liability insurance has a $250,000 per occurrence and aggregate limit.
Best for: Paint store insurance with automatic renewal
Average cost: $46 per month
Our rating: 10/10
The insurer provides coverage with overall customer satisfaction, according to J.D. Power 2022 US Small Commercial Insurance Study.
Industry-specific insurance with specialized coverage policies
Insurance agents are available in all states
Customers can't get insurance quotes online
No online claims reporting
State Farm has been providing business insurance for a long time and has become a fan-favorite among business owners, thanks to its personalized approach to providing insurance products and services. In fact, the company topped the overall customer satisfaction index rating in J.D. Power's 2022 Annual US Small Business Commercial Insurance Study.
Many retail store owners love working with State Farm because of its wide range of policies, including general liability, commercial auto, workers' compensation, professional liability, commercial umbrella insurance, and inland marine insurance. The company also offers a business owner's policy (BOP) that combines four policies: general liability, commercial property, business income and extra expenses coverage, and equipment failure insurance. Additionally, State Farm's painter insurance includes floater coverage, which covers your products and materials before and during a project.
Best for: Overall customer satisfaction
Average cost: $50 per month
Our rating: 8/10
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
It really can't get any better than this... wow
Not all those who wander are lost.
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