Insurance for inspection & surveying services should include these coverage options:
Why Do You Need Insurance For Inspecting And Surveying?
The things you’ve seen lurking on the edges of a property or deep in a basement. That’s nothing compared to your business being underinsured. Worse than a stack of invoices that haven’t been paid, even. Your specialized inspection or surveying skills are in high demand. You’re building an excellent reputation for your services. Not everything goes to plan, though. Your professional tools could get stolen from a site. A customer could trip over your supplies while you’re occupied with your tasks. Can your inspection company or surveying business withstand the potential risk from those types of incidents?
Those are just a couple of unexpected events that can happen out there on the job. Get out your flashlight and take a closer look at having business insurance coverage. Insurance for inspection and surveying services from B2Z Insurance can reduce your costs for liability and other property claims, as well as provide the financial support needed to repair or replace your tools and equipment if your operation is impacted by theft or fire.
What Inspector And Surveyor Business Insurance Coverage Do You Need?
Workers’ Compensation Insurance.
Inspection and surveying businesses can be among the types of companies most states require to have workers’ comp insurance. If you have employees, regardless of whether they are part-time or full-time, Workers’ Compensation is likely required. Considering the potentially high cost of on-the-job employee injuries and illnesses, having workers’ compensation coverage makes sense. This coverage helps with impending medical bills, lost wages, and legal fees related to employee lawsuits against your inspector and surveyor types of business.
Business Owner’s Policy (BOP).
A business owner’s policy is crucial for businesses conducting inspections and land surveys. This insurance is a convenient combination of general liability and property damage coverage together in one policy—it’s an affordable route for comprehensive business coverage. A BOP extends to cover property damage, including the loss of your inspection or surveying tools from catastrophic events, and it may help ease financial obligations following a liability incident, such as a customer slip-and-fall accident on your job site.