Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.
Every painting job carries an huge risk. Whether it’s an accident or damage to a client’s property, painting business insurance will provide the necessary protection to your company.
This article will take a deeper look into various types of insurance coverage available for painting contractors, including commercial painting insurance coverage. costs how to obtain cheap painting business insurance quotes.
This insurance is intended to protect against employee injury, property damage or destruction, lawsuits and more.
As a sole proprietor or head of a large team of painters, it is expected from you to have an insurance policy that is able to provide the company with needed financial stability and legal requirements.
Contractors who offer painting services can obtain a commercial painting insurance policy that provides the specific coverages they need. These include:
Self employed painters hold certain insurance requirements that are paramount during the job. Noteworthy types of coverage entail:
It is also termed more broadly as general liability insurance, is useful when dealing with personal injury or trespass to property litigation. This insurance is an important component of preserving one`s professional image and as a requirement for industries by consumers or suppliers.
The most claims include:
It is important for painting businesses to have compliance and business liability insurance. Various painting companies opt for liability limits of $1 million per occurrence and $2 million in the aggregate scope to minimize the level of premiums
Get all the best quotes from leading providers in a click of a button!
The general liability insurance for painters is an essential element of any set of insurance for painting businesses. It protects against the risk of liability to third parties, which may be incurred as a result of accidents and ordinary negligence in the course of work.
This type of insurance is also included in the BOP with other coverages for economy purposes, for example, with commercial property insurance.
The total painting business insurance cost varies based on the needed coverage combinations. In the case of small businesses, the yearly minimum saw ranges of about $400 dollars while bigger ones might have more because of high risk exposure which leads to a greater cost.
Cheap Painting Business Insurance Quotes
Painting companies should keep in mind the following strategies to acquire cheap painting business insurance quotes:
Painting contractor insurance cost varies based on several factors, including business size, location, and claim history. Here is a breakdown of typical costs:
| Insurance Type | Monthly Cost | Annual Cost |
| General Liability | $50 | $600 |
| Workers’ Compensation | $275 | $3,320 |
| Commercial Auto | $135 | $1,600 |
| Tools and Equipment | $15 | $170 |
Painting business insurance is an essential tool for ensuring business continuity. Knowing the types of insurance coverages available, as well as how to control the costs you incur, ensures that your business does not suffer financially as you get the cheapest painters insurance.
To learn more about painting business insurance, you can reach out to paint business insurance specialists such as insuranks for custom quotations and guidance. We are here to help
Do you have U.S. insurance expertise/experience? Would you like to become a voice at Insuranks, help businesses and individuals, and showcase your authority online? Write us!
Not all those who wander are lost.
Disclosure: Insuranks.com is an independent educational comparison service and an advertising-supported publisher. Some of the companies/offers that appear on the website are from our partners which we may receive compensation from. This may influence which companies/offers we write about and where and how it appears on the site. However, this does not impact our assessments. We solely highlight companies, products, and offers that can help you make smarter insurance decisions.
