Waterproofing contractor insurance helps you protect your reputation by cushioning your company from misrepresentation by your employees. Further, water proofing insurance helps you plan for the future by helping you stay protected against unforeseen risks. Besides, in today's litigious society, waterproofer insurance helps protect you from the lawsuit and the possible financial ruin that follows. Finally, water proofing insurance enables you to attain peace of mind. Overall, waterproofers insurance might be your best bet at protecting your waterproofing business today and in the future.
| CoverWallet | NEXT (Best) | Thimble | |
|---|---|---|---|
| Per occurrence limit | $1,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $1,000,000 | $100,000 | $5,000 |
| Waiver of subrogation included? | Yes | No | Included |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded |
| Equipment breakdown floater included? | No | Yes | Yes |
| Can you get a certificate of insurance online? | Yes | Yes | Yes |
| Name additional insureds? | Yes | Yes | Yes |
| Deductible | $0 | $0 | $0 |
Even with the best safety measures, the unexpected can put a severe dent in your bottom line as waterproofing poses some hazards just like paving projects and masonry projects. Here are some of the circumstances where waterproofing contractor liability insurance could come in handy:
You’re waterproofing the topmost floor of a two-story commercial building. One of your employees dropped a tool and this fell on a passerby below
The scaffolding was in poor condition. It collapsed and damaged the wall of your client’s building
Your advertising campaign accidentally used copyrighted elements owned by a business, individual, or famous celebrity
Devastating losses can result from such situations. And so, you want to have general liability insurance as the first policy included in your insurance package.
This type of waterproofing contractor insurance policy provides coverage for third-party claims of bodily injury, property damage, advertising injury, libel, and slander.
Use the table above to compare the general liability policy of insurance companies for waterproofing contractors.
In practice, you use general liability insurance to cover these costs when a covered peril happens:
Medical treatment
Reimbursement for property damage
Attorney fees and other legal expenses
Court judgments
Remember that your general liability policy is offered as a broad-form coverage. Expect for this waterproofing business insurance to have add-ons such as:
Tools and equipment coverage
Hired/non-owned auto liability coverage
Tenant’s legal liability coverage
| CoverWallet | NEXT | Thimble (Best) | |
|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $2,000,000 | $1,000,000/$2,000,000 |
| Name additional insureds? | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | No | Yes |
| Deductible | $500 | $500 | $500 |
Just like EIFS installation and plastering, waterproofing requires a high degree of skill, knowledge, and experience.
Employees can always commit mistakes regardless of how much training they undergo. When issues in waterproofing are committed, your business can be held liable and be responsible for paying the resulting costs.
Other than commercial general liability policy, consider purchasing professional liability insurance for waterproofing contractors. Use the table above to compare the professional liability insurance of companies we recommend.
This waterproofing insurance policy covers for a wide range of claims and lawsuits, such as:
Your employees hurriedly installed waterproofing and it developed cracks. The cracks allowed water to seep through, which damaged the wiring installed by electrical contractors
An employee failed to isolate the area of the waterproofing project. As a result, people nearby got exposed to waterproofing materials and developed an illness
You failed to evaluate the moisture content before applying polyurethane waterproofing on a flat rooftop area made by concrete contractors. As a result, your finished waterproofing peeled or de-bonded
As you might have realized from the above examples, professional liability insurance takes care of costs if your business is held liable for causing property damage, bodily injuries, or financial losses by committing negligence and substandard work. However, other perils are also covered such as:
Violation of good faith
Violation of fair dealing
Breach of contract
Inaccurate advice
Unlike general liability insurance, professional liability insurance rarely comes with additional coverages. But it might be possible for you to add a license defense coverage to the policy if you’re working in a state where waterproofing contractors need to get a certification.
Get all the best quotes from leading providers in a click of a button!
| NEXT (Best) | Thimble | |
|---|---|---|
| Aggregate limit | $5,000/$10,000 | $2,500/$5,000 |
| Covers hired and borrowed equipment? | $5,000/$10,000 | $2,500/$5,000 |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No |
| Offered as an endorsement to general liability insurance? | Yes | Yes |
| Deductible | $500 | $500 |
As a waterproofing contractor, you've invested in your tools and equipment, such as a portable torch kit, notched squeegee, dust shrouds, moisture meters, and grinders.
Your business operations might stop temporarily if these are stolen, vandalized, or damaged. Of course, you’ll face extra expenses too.
Tools and equipment coverage for waterproofing contractors protects you from the resulting losses. If something happens to the tools and equipment, this waterproofing insurance will cover repair or replacement expenses.
Use the table above to compare the tools and equipment insurance of companies we recommend.
Note that tools and equipment insurance is available as an add-on to general liability insurance or as a stand-alone coverage.
| CoverWallet | NEXT (Best) | Thimble | |
|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $25,000 | $25,000/$500,000 |
| Contents coverage limit (minimum) | $50,000 | $16,000 | $25,000/$500,000 |
| Outdoor signs | Excluded | $2,500 | Excluded |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 |
| Money and securities | Excluded | $2,500 | $1,000 |
| Lock and keys | Excluded | $2,500 | Excluded |
| Business interruption floater | Excluded | Included | Included |
| Equipment breakdown floater | Excluded | Included | Excluded |
| Inland marine insurance floater | Excluded | Excluded | $10,000 |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 |
As a professional waterproofing contractor, you likely have a commercial space you operate from, which could be rented, leased, or owned. What's more, you likely have computers, office equipment, and furniture, among others, that help you run your business.
If there was a fire, smoke, theft, vandalism, or any other peril affecting this commercial property, it could mean significant downtime, which you simply cannot afford.
That's where commercial property insurance for waterproofing contractors comes in. This waterproofing contractor insurance protects the commercial property from any sustained damage that could force the closure of the business.
The policy pays the repair or replacement costs, ensuring that your business is up and running as soon as possible, even after the unexpected. Use the table above to compare the commercial property insurance of companies we recommend.
| CoverWallet | Thimble | NEXT (Best) | |
|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $2,000,000 | $300,000/$1,000,000 |
| Commercial property coverage limit | $50,000 | $500,000 | $25,000 |
| Optional policies can be added? | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes |
You can bundle general liability insurance and commercial property insurance. The result is a business owner’s policy that grants coverage against bodily injuries, property damage, and commercial losses. Use the table above to compare the business owner’s policy of companies we recommend.
Why get a business owner’s policy anyway? Getting a business owner’s policy is very practical if you plan to have general liability and commercial property insurance for your business as its cost is cheaper than buying the two policies separately.
You have to temporarily stop operations if fire or weather caused significant damage to your waterproofing business’s commercial building.
Business interruption insurance can help while your business isn’t generating income. It will cover the cost of employee payroll, mortgage, loan, taxes, utility services, and other operational costs. This insurance might even reimburse a portion of your business’s lost revenues.
You can get business interruption insurance as an add-on to commercial property insurance or business owner’s policy. Cyber liability policies might also have a business interruption coverage. However, coverage only applies for downtime caused by data breaches.
Chances are that you have a work crew that travels from one site to another or from your workstation to a customer's site. What's more, you likely have to transport your equipment and tools from your commercial space to the worksite.
This use of your commercial auto vehicle exposes you to a number of risks, including accidents, property damage, and destruction of the motor vehicle itself.
In the event that any of these happen, the commercial auto policy comes into effect, helping you meet all arising costs. It could pay for the cost of repair for the vehicle, property damage, and even meet the medical costs of the third parties involved in the accident.
Most carriers allow you to have each of the motor vehicles you own to be listed separately on your business auto policy. Each of these can then have a corresponding coverage which could possibly differ depending on the specific characteristics of each vehicle and the coverage type that's required.
Further, if your employees drive their own personal vehicles to and from work sites, you could have your carrier include a non-owned auto liability package as part of your commercial auto insurance, thus insuring their personal vehicles while being used on a work-related activity.
Commercial auto insurance doesn’t provide coverage in case tools and equipment that are loaded to the vehicle get damaged or lost during transit.
You’ll need to get inland marine insurance. This will take care of repair or replacement expenses if your implements get damaged or lost during transit because of:
Fire
Theft
Vandalism
Malicious mischief
Vehicular accidents
So how do you purchase inland marine insurance? You can buy this policy as an add-on to tools and equipment coverage. Some insurance companies also offer this as part of their commercial property insurance.
Do you own a website where customers can get a waterproofing quote and other related resources from your business? In this case, cyber liability insurance must be part of your waterproofer insurance package.
Your website collects customer data, addresses, and even highly sensitive information such as credit card numbers or phone numbers.
The thing is, this information can be leaked during a data breach. When customer data is used for malicious purposes, your business is liable to cover the resulting costs.
Cyber liability insurance is the quick solution. In case of a data breach, this will cover the cost for:
Containing the breach
Data recovery
Informing affected customers of the breach
Legal defense if affected customers file a claim
Lost income if you need to stop your waterproofing business operations to contain the breach
As your business grows and employees become more numerous, management issues might arise. This is why it’s good to get employment practices liability insurance.
Employment practices liability insurance covers settlements, defense costs, and other legal expenses if employees sue your business for:
Workplace sexual harassment
Exploitation
Retaliation
Failure to promote
Negligent hiring
So how do you get employment practices liability insurance? You can either avail this as an add-on to general liability insurance or workers' compensation insurance.
Failures in waterproofing can cause significant damages to the structure of the entire building.
The product liability coverage of a general liability policy can be used as a waterproofing failure insurance. If a waterproofing develops cracks or peels-off and the clients file a claim, this insurance can recover the cost of extra labor and legal expenses.
You can also utilize the faulty workmanship coverage of a professional liability policy. Not all insurance companies offer this.
Professional liability insurance with a faulty workmanship coverage added can cover the resulting expenses if a client accuses you of using substandard materials, leaving work half-baked, and other related issues.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $60.41 | $724.92 | $0-$500 |
| Professional liability insurance | $67 | $804 | $500-$1,000 |
| Commercial property insurance | $65 | $780 | $1,000-$2,500 |
| Business owner’s policy | $125.41 | $1,504.92 | $500-$1,000 |
| Commercial auto insurance | $50 | $600 | $1,000-$1,500 |
| Workers compensation insurance | $260 | $3,120 | $2,000-$5,000 |
| Cyber liability insurance | $100 | $1,200 | $500-$1,000 |
| Inland marine insurance | Depends on the value of portable tools and equipment to be insured | Depends on the value of portable tools and equipment to be insured | $500-$3,000 |
| Tools and equipment insurance | Cost usually added to general liability insurance | Cost usually added to general liability insurance | $500 |
The average waterproofing contractor insurance cost is $60.41 per month or $725 per year for a $1 million general liability policy. Here’s another table that shows the cost of the $1 million general liability insurance from the best waterproofing contractor insurance companies:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $30.83 | $369.96 | Best overall; Fastest waterproofing contractor general liability insurance |
| CoverWallet | $35 | $420 | Waterproofing contractor insurance online quotes comparison |
| Tivly | $38 | $456 | Comparing waterproofing contractor insurance quotes over the phone |
| Thimble | $40 | $480 | On-demand waterproofing insurance |
There are a couple of factors that will determine how much your waterproofing contractor insurance costs. These include:
Age of Your Waterproofing Contracting Business
While it might not always be the case, you'll often find that insurance providers provide lower rates to businesses that are significantly older. It is assumed that if the business has been in existence for longer, it is indicative that the customers trust the business. If you are relatively newer, you'll notice that with time, your waterproofing contractor insurance cost reduces with time.
Number of Employees
If you are significantly a larger waterproofing business with a lot of employees, you will be charged higher insurance rates. This is because the more the number of people involved in a project, the higher the likelihood of an accident.
Company Operations
Right off the bat, it is important to note that waterproofing contracting is considered relatively low risk. Depending on the type of jobs you take and how you've set up your operations, you could potentially have lower rates than others within the same niche.
Chosen Policy Additions
Typically, waterproofing insurance will only cover certain perils. It is only natural that you'd want to add on policies to ensure ultimate protection. When you have added on different policies, your waterproofing insurance cost will run higher.
Get all the best quotes from leading providers in a click of a button!
Working with the best carrier could mean all the difference for your business when the unexpected happens. In fact, your insurer plays the most significant role when it comes to ensuring that you do not end up on your knees when accidents happen.
Here's a list of the best waterproofing contractor insurance companies you should consider working with. The reviews below discuss their pros, cons, and pricing for a $1 million general liability insurance.
Best overall
Get an online proof of insurance and send as a text message, email, or social media post
Fastest general liability insurance for waterproofing contractors
Great customer service and reputation
Issues an online proof of insurance instantly
Outstanding value for money
Bundle two or more insurance policies and get a 10% discount
Couldn’t find any
NEXT has curated a package that's quite attractive to the small waterproofing contracting business looking for easy policy purchase and management, all done online.
For $20.83 per month or $250 annually, you get NEXT's basic waterproofing contractor package which includes the following:
General liability coverage with a per-occurrence limit of $300,000
Tools and equipment coverage with a per-occurrence limit of $3,000
Worker's compensation with a per-accident limit of $100,000
Commercial property coverage with a per-occurrence limit of $25,000
The most popular package is the premiere package which includes the following:
General liability coverage with a per occurrence limit of $1 million
Tools and Equipment coverage with a per-occurrence limit of $5,000
Workers' compensation coverage with a per-accident limit of $500,000
Commercial property coverage with a per-occurrence limit of $25,000
The package with the best coverage is the deluxe package, which includes the following:
General liability coverage with a per occurrence limit of $1 million
Tools and equipment coverage with a per-occurrence limit of $10,000
Workers' compensation coverage with a per-accident limit of $1 million
Commercial property with a per occurrence limit of $25,000
Best for: Best overall; Fastest waterproofing contractor general liability insurance
Average cost: $30.83 per month
Our rating: 10/10
Compare waterproofing contractor insurance quotes online
Cancel a coverage anytime
Easy online policy management
Not an insurance company but an insurance broker
Try CoverWallet if you’re looking for a company that helps you get information about the different waterproofing insurance quotes available. This company has a waterproofing insurance quotes comparison platform that shows the limits and features of the policies each carrier has for your business.
A typical general liability policy from CoverWallet offers a $1 million per occurrence and aggregate limit. This may or may not include add-ons such as waiver of subrogation, hired/non-owned auto liability coverage, etc.
Best for: Waterproofing contractor insurance online quotes comparison
Average cost: $35 per month
Our rating: 10/10
Responsive customer service
A partner of many reputable insurance companies
Call and compare quotes over the phone
You need to call to get a quote
Tivly (formerly CommercialInsurance.NET) specializes in creating tailored spur-of-the-moment insurance packages for waterproofing contractors. Your waterproofing contractor insurance program from this company offers general liability insurance, professional liability insurance, commercial property insurance, and other business insurance policies. Call Tivly now to compare waterproofing contractor insurance quotes over the phone.
Best for: Comparing waterproofing contractor insurance quotes over the phone
Average cost: $38 per month
Our rating: 10/10
On-demand coverage
Quick to issue an estimate of its customers rates
Comprehensive coverage for startup waterproofing businesses
Will refer you to a partner
Thimble doesn’t have a waterproofing insurance program underwritten in-house. However, it can provide coverage through Tivly. That said, Thimble will recommend you call a Tivly representative to get covered.
Best for: On-demand waterproofing insurance
Average cost: $40 per month
Our rating: 9/10
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
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!
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.
