Types of Insurance For Fire Sprinkler Contractors

Types of Insurance For Fire Sprinkler Contractors

There are different types of insurance that a business owner should have to protect his livelihood.  But as a fire sprinkler contractor, how much peace of mind do you have? A fire can spread out of control in a matter of minutes.  As a fire sprinkler contractor,  your two main concerns involve the available water supply and the failure of the operation. The water supply needs to have the ability to meet the pressure and rate of flow requirements needed by fire protection systems to operate effectively. When the fire suppression system fails to operate as designed, damages to property can range from hundreds of thousands to millions of dollars.  In a loss situation, it is usually the company that sold, serviced, or provided routine maintenance that most likely will be liable, resulting in huge legal fees, and possible loss of business and reputation.

To protect your business, an insurance policy from a reputable insurer will be there for you.  A fire sprinkler contracting business could benefit from the following types of coverage:

  • General liability coverage protects you from a variety of claims including bodily injury, property damage, personal injury, and claims arising from normal business operations.
  • A business owner’s policy includes general liability but adds coverage for a variety of risks to your business’ commercial building and personal property.  It also includes coverage for business income loss.
  • Professional liability protects against negligence claims and covers defense costs.  This type of coverage is often purchased by businesses that offer professional services.
  • Workman’s Compensation covers medical costs and partial lost wages for an employee suffering a work-related injury or illness.

If you are a fire sprinkler contractor and require the protection mentioned above, be sure to look into the best insurance for fire sprinkler contractors to stay protected.

 

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