If you run various businesses it’s essential that you get a proper business insurance policy. Even if you’re just a small pool contractor or a commercial swimming pool owner there’s tailored pool cleaning insurance for pool cleaning businesses.
Also, commercial swimming pool insurance is a tailored coverage for commercial pools.
In this article we’ll break down everything you need to know about the various options at your disposal.
Swimming Pool Service Liability Insurance
A pool cleaning business is different from a pool business. It maintains commercial pools and private pools, whereas a pool business makes money by providing leisure and entertainment to people.
A pool cleaning business gets the best protection through a tailored swimming pool service insurance otherwise known as pool cleaning insurance. It offers the following:
- General liability insurance
- Professional liability insurance
- Commercial property insurance
- Commercial auto insurance
- Workers compensation insurance
General Liability Insurance for Pool Cleaning Businesses
General liability insurance for pool cleaning businesses cover personal injury claims and property damage claims from third parties. This policy will take care of defense costs and settlements when any of the following happens:
- Someone passed by while you were cleaning the pool who stepped on a slippery surface and held you responsible for injuries
- An employee was rinsing a drained pool with a hose. The hose slipped from his hand, sent a jet of water towards someone using his phone, and left the person soaking wet. The phone also got wet and was damaged.
Professional Liability Insurance for Pool Cleaning Businesses
Mistakes can happen while cleaning a pool. In connection, your client might experience financial loss.
Particularly, this policy will pay for defense costs If ever the client files a claim against your business. In case you lose the lawsuit, professional liability insurance will also shoulder compensatory payments to the client.
Commercial Property Insurance for Pool Cleaning Businesses
Do you own and use a commercial space for your pool business’s office? Your commercial building might be destroyed by raging fire, or a powerful hurricane.
So, the purpose of commercial property is to shoulder the costs. the insurance company will help you reconstruct or repair the commercial space that was destroyed or damaged.
So does this coverage protect all of your pool cleaning business’s equipment? The answer is no, business and tools equipment coverage will only cover equipment and tools you list or name on its terms.
Workers Compensation Insurance for Pool Cleaning Businesses
Running a pool cleaning business means that you have at least one or four employees at the very least. So, If an employee suffers from a work-related injury or illness, workers compensation insurance provides money for emergency treatment and hospitalization.
It also provides an allowance if the injured or sick employee needs to take a leave to continue healing.
So how much will the employee receive? The allowance will be equal to two-thirds of an employee’s average weekly wage and will be given until the employee is strong enough to get back to work or until a cap is reached.
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Pool Cleaning Insurance Requirements
There are no state-mandated pool cleaning insurance requirements, except for workers compensation insurance. But still, know that clients might require your pool cleaning business to get a particular amount of coverage.
First off, your pool cleaning business needs to get pool cleaning insurance offering a general liability policy having $1 million coverage for personal injury claims and a $100,000 minimum coverage for property damage claims.
Commercial Swimming Pool Insurance
General liability insurance is the primary protection insurance companies offer. Basic general liability insurance handles personal injury claims and property damage claims.
For example, if someone slips and falls on the premises of your commercial swimming pool, general liability will take care of defense costs and settlements if a claim is filed.
Business Owner’s Policy for Pool Businesses and Pool Cleaning Businesses
Purchasing a business owner’s policy is the quickest and the most certain way for you to be covered comprehensively against business hazards . It bundles two of the most useful policies – general liability and commercial property insurance.
a business owner’s policy is very cost-efficient as it’s cheaper than buying commercial property and general liability insurance separately.
Swimming Pool Contractor Insurance
Are you someone who builds or repairs swimming pools? If this is the case, you’ll have the best protection against exposures through pool contractor insurance. The following are the policies included:
- General liability insurance – Covers defense costs and settlements if you caused personal injuries or property damage while building or repairing the pool.
- Professional liability insurance – Covers defense costs and settlements if clients sue you for missing deadlines and providing substandard output.
- Workers compensation insurance – Covers emergency treatment, rehabilitation, and lost income compensation of your employee who got injured or sick because of work.
- Commercial auto insurance – Covers liabilities if you caused a vehicular accident. Also pays for parts repair or replacement if your vehicle got damaged in a collision
- Tools and equipment coverage – Covers your losses if tools and equipment got damaged while being used. Tools and equipment coverage will reimburse what you invested on damaged equipment/tools or give you replacements
Swimming Pool Business Insurance Cost
The average swimming pool business insurance cost is $38 per month or $456 per year for a $1 million general liability insurance policy. Factors that affect the cost of insurance for commercial swimming pools are location, number of employees, revenues, etc.
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How Much Will Insurance Cost for a Swimming Pool Cleaning Business insurance?
Swimming pool cleaning businesses insurance pay $45 a month or $540 a year for a $1 million general liability coverage.
However, the cost of a pool cleaning insurance policy will also depend on the nature of your business as well as its size.
How Much Will Insurance Cost for Swimming Pool Contractors?
Swimming pool contractors pay $51 a month or $612 a year for a $1 million general liability coverage. Pool contractors pay more than pool businesses and pool cleaning businesses because exposures in building or repairing swimming pools are more likely to happen.
Best Pool Business and Pool Cleaning Insurance Companies
CoverWallet
It offers three insurance plans for a pool business. The first plan only offers general liability coverage . Second, general liability with commercial property insurance. Third, a business owner’s policy that can be added with workers compensation insurance.
Also, CoverWallet insures you immediately. There’s no need to wait for audits or inspections.
Average cost: $36.29 per month
Our rating: 10/10
Pros
- Get insured online
- Stable rates
- Compare pool business insurance quotes for an informed purchase
- Cancel a policy anytime
- Low deductibles
Cons
- Policy cancellation takes 30 days or longer
Thimble
Thimble’s pool cleaning insurance includes general liability coverage only. you can decide to only get covered for hours, days, weeks, or months. Just like CoverWallet, you can purchase insurance and get a certificate of insurance online from Thimble.
Average cost: $52.18 per month
Our rating: 9/10
Pros
- Short-term pool cleaning business insurance by the hour, days, weeks, or months
Cons
- Some customers complained that Thimble’s representatives took long to respond to queries
