Excellent signage helps a business attract customers. And so restaurants, offices, and other establishments opt to get one. That said, businesses also work with signage installers aside from fire sprinkler installers.
As a signage installer, it’s important to purchase insurance. This can help when someone gets hurt while you’re working. You can also use an insurance policy to cover the cost of employee injuries.
A signage installer insurance package offers the best protection. Read this guide to know what policies are included, how much premiums cost, and which companies to work with.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $2,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $300,000/$1,000,000 | $300,000 | $100,000 | $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 | No | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
| Can you get a certificate of insurance online? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 | $0 | $0 |
This signage installer insurance protects you from any legal liability you may be subjected to in the event the products you sell, manufacture or distribute and the services you offer as well as the business operations your signage installation company engages in cause third-party bodily injuries and property damages.Â
Note that general liability insurance doesn't cover you from any professional liabilities your business may be subjected to. It also doesn't cover your business's commercial property and your employees' injuries and illnesses.
An insurer will pay you $1,000,000 as the coverage limit for a single claim and $2,000,000 for all claim notices.
Pollution liability insurance–If you operate a large-scale signage installation company that deals with hazardous or non-biodegradable materials, then purchasing this add-on would be a good idea as it will provide you with coverage against pollution-related claims. It will also exempt you from incurring cleanup costs and other land-reclamation services your business may be required to undertake following an accidental environmental pollution incident
Cyber liability insurance–If you digitally operate your signage installation company, we recommend purchasing this add-on as it protects you from any cyber-related costs you may be subjected to following a cyberattack on your company’s digital network
| 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 |
| HIPAA coverage included? | No | No | No | No | No |
| Sexual misconduct coverage included? | No | No | No | No | Can be included |
| License defense coverage included? | No | No | No | No | Can be included |
| Deductible | $500 | $500 | $500 | $50/$10,000 | $500 |
Professional liability insurance confers you with financial immunity if your client sues you for an alleged act of negligence while acting or performing under your professional capacity. Such claims of acts of negligence you are covered against include the provision of misleading information or 'bad advice', breach of contract, failure to provide services at the agreed date or time, and inability to provide your signage installation services as per the set or required standard.
It’s approximately $5,000,000. This is determined by the approximate number of clients you provide services to and your insurance needs/preferences.
Runoff coverage–If you are planning to sell your signage installation company, then we recommend that you purchase this add-on as it will protect you from legal claims following the cessation of your signage installation services
Prior acts coverage–This covers professional malpractice that occurred in the past or before your professional liability insurance became effective
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| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $260,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Contents coverage limit (minimum) | $50,000 | $22,000 | $25,000/$500,000 | $25,000 | $60,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/10,000 | Included | Excluded |
| Money and securities | Excluded | $2,500 | $1,000 | Included | Excluded |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Excluded |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Included | Excluded |
This signage insurance policy protects you from incurring the costs of rebuilding your business premises (whether rented or owned) after being damaged by fire, burglary and vandalism, and some weather-related incidents such as wind storms and lightning. This signage insurance also exempts you from incurring the costs of replacing your damaged business physical assets following an occurrence of an insured risk.
It’s from $100,000 to $1,000,000. The level of risks your commercial property is exposed to and how far or close your commercial building is to a fire station are some factors determining your coverage limits under this signage insurance.
Flood insurance–This protects you from incurring any cost of replacing and rebuilding commercial premises that are flood damaged or destroyed
Crime coverage–This add-on reimburses your financial losses that result from theft, fraud, social engineering, forgery, and other crimes
| CoverWallet | Thimble (Best) | NEXTÂ | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $2,000,000 | $300,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $260,000 | $25,000 | $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 business owner’s policy merges three core signage insurance into one policy. The three bundled insurance includes commercial property, general liability, and business interruption insurance.
A business owner’s policy provides a $1 million-$2 million general liability coverage and $25,000-$60,000 commercial property coverage.Â
Terrorism insurance–If your signage installation company is situated in areas prone to terrorist acts or attacks, then we recommend that you purchase this add-on as it will protect you from incurring any costs of repairing, rebuilding, and replacing your commercial premises and the contents in it after they have been destroyed due to a terrorist attack
Umbrella insurance–In the event your primary policy coverage limit gets exhausted, then you can use this add-on as a financial backup for the claims you are yet to settle
| NEXTÂ | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 | $5,000-$10,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No | Yes |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 | $0 |
Tools and equipment insurance covers movable equipment against theft, fire, and weather-related incidents like lightning. Your insurer also provides financial coverage if your tools and equipment are lost while on-site.
An insurer will pay $700 to $5,000 per insured item. The type and market value of your signage installation tools and equipment greatly influence this coverage limit.
Rented or leased coverage–This add-on allows tools and equipment insurance to cover damage to equipment that you hired or borrowed
All of the states in the USA except for Texas and Wyoming require employers to purchase this signage installer insurance. Workers compensation insurance caters to your employee's medical and ongoing care expenses, disability benefits, dismemberment benefits, and lost wages.
Up to date, there are no specific coverage limits for workers comp insurance for signage installers. Payouts depend on which state you’re in.Â
