Commercial Property Insurance for Water Treatment Plants
| CoverWallet | NEXT (Best) |
|---|
| Building coverage limit (minimum) | $50,000 | $300,000 |
| Contents coverage limit (minimum) | $50,000 | $25,000 |
| Outdoor signs | Excluded | $2,500 |
| Accounts receivable | Excluded | Excluded |
| Money and securities | Excluded | $2,500 |
| Lock and keys | Excluded | $2,500 |
| Business interruption floater | Excluded | Included |
| Equipment breakdown floater | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 |
A water treatment plant is a million dollar investment. Weather and other unexpected occurrences can damage or destroy your water treatment business. Mitigate financial losses by purchasing commercial property insurance. Use the table above to see which insurance company offers the best commercial property policy.
How Does Commercial Property Insurance Protect Your Water Treatment Plant?
Commercial property insurance grants protection by reimbursing the cost of structures and facilities of your water treatment plant in case the following happens:
Fire
Theft
Vandalism
Civil commotion
Riot
Sinkhole collapse
Lightning
Weather
Falling objects
Impact
Aircraft
Vehicle
Commercial property insurance comes with a $15,000-$100,000 contents coverage, which will cover the cost of testing kits, machines, and filtration systems. Important documents, computers, and CCTV cameras are also covered.
Can I Use Commercial Property Insurance to Protect My Water Treatment Plant Against Floods, Hurricanes, Earthquakes, Mudslides, and Landslides?
Commercial property insurance will cover floods, hurricanes, earthquakes, mudslides, and landslides, provided that you introduce endorsements to it. That said, coverage doesn’t apply to these exposures without add-ons.
Business Owner’s Policy for Water Treatment Plants
| CoverWallet | NEXT (Best) |
|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $300,000 |
| Optional policies can be added? | Yes | Yes |
| Name additional insureds for free? | Yes | Yes |
| BOP discount? | Yes | Yes |
Some companies will offer a business owner’s policy. A business owner’s policy bundles general liability insurance and commercial property insurance. Use the table above to see which insurance company offers the best business owner’s policy for water treatment plants.
Boiler and Machinery Insurance for Water Treatment Plants
Boiler and machinery insurance provides the most comprehensive coverage for your water treatment plant’s filtration systems, machines, and boilers. Purchase this if you need a million dollar worth of coverage for the boiler, machinery, and equipment.
How Does Boiler and Machinery Insurance for Water Treatment Plants Work?
Boiler and machinery insurance will cover the repair or replacement of filtration systems, boilers, and other water treatment machinery or equipment that gets damaged or destroyed because of:
Fire
Theft
Vandalism
Impact
Employee error
Lightning
Electrical surge
Electrical shorts
How Much Coverage Can You Get from Boiler and Machinery Insurance?
Boiler and machinery insurance provides $1 million-$5 million worth of coverage. You can increase your limits at an additional cost.
I Have Multiple Water Treatment Plants. Does One Boiler and Machinery Insurance Cover Them All?
Yes, if your boiler and machinery insurance offers blanket coverage. If not, then each of your water treatment plants must have its own boiler and machinery insurance.
Workers Compensation Insurance for Water Treatment Plants
The workers of your water treatment plant constantly face hazards, such as drowning, chlorine gas exposure, falling from a height, and burns.
Authorities will require your water treatment plant to purchase workers' compensation insurance for full-time and part-time employees.
Workers' compensation insurance will take care of the expenses for emergency medical treatment, hospitalization, medication, rehabilitation, retraining, reimbursement for lost wages, and death benefits if an employee sustains a work-related injury or disease.
My Water Treatment Plant is Employing Interns and Volunteers from the Local University. Are They Covered by Workers Comp?
No. University interns and volunteers aren’t covered by your water treatment plant’s workers compensation insurance. However, you can call the insurance company and name interns and volunteers as additional insureds for coverage to apply.
My Water Treatment Plant Can Provide Workers Comp Benefits on Its Own. Is This Okay?
Yes. Your water treatment company can self-insure all employees if it has the adequate budget to provide workers comp benefits without the help of an insurance company. However, you will need to file a request for self-insurance for things to be legal.
Excess Liability Insurance for Water Treatment Plants
Excess liability insurance is an endorsement to your water treatment plant’s general liability, pollution liability and professional liability policies. This will cover the remaining costs if your liability policies can’t fully cover a claim. We suggest purchasing excess liability insurance if the general liability, professional liability, or pollution liability of the insurance company has a limited and fixed per occurrence and aggregate limit.
Commercial Auto Insurance for Water Treatment Plants
Further, chances are you have a vehicle that is primarily used for the business, for instance, to transport your employees and machinery. You want to stay proactive by protecting the vehicle, driver, and others on the road in the event of an accident. This policy will:
Get injured third parties treated if your water treatment plant’s vehicle causes an accident on the road
Pay the repair or replacement of parts if your water treatment plant’s vehicle sustains damage because of fire, theft, vandalism, weather, and other covered perils
Get employees treated if your water treatment plant’s vehicle gets involved in an accident caused by an uninsured/underinsured driver
Employee Benefits Liability Insurance for Water Treatment Plants
Employee benefits liability insurance will cover costs if an employee files a claim because the manager of your water treatment plant erred in granting life insurance, health benefits, workers comp benefits, retirement plans, disability insurance, travel benefits, and more.
Employment Practices Liability Insurance for Water Treatment Plants
Employment practices liability insurance will cover costs if an employee sues and holds your water treatment plant liable for sexual harassment, wrongful termination, exploitation, negligent hiring, failure to promote, and other violations of employee rights.
Cyber Liability Insurance for Water Treatment Plants
Cyber liability insurance will take care of public relations, legal defense, data recovery, and other related expenses if the computers of your water treatment plant get breached or installed with malware or ransomware. This is particularly useful if your water treatment plant owns a website and receives payments through digital channels.
