Liability Insurane Quotes for Sign Installation Contractor In Ontario
Analyzing The Value Of Sign Installation Contractor Insurance In Ontario
When you stroll down the streets of Ontario, there is a good chance that you’ll see a sign or two. If you’re traveling down a heavily commercial street in the GTA, you’ll probably see even more. A lot of people do not fully understand how signs are installed or the risks that they pose. Sign installation contractors are great people and they’ve gone to great lengths to help make Ontario into the economic powerhouse that it is today. If you want to become a sign installer in Ontario, you should first take the time to familiarize yourself with sign installation contractor insurance.
Sign installation contractor insurance will protect you from numerous problems that could arise. This type of policy will be explored in more depth below.
Why Sign Installation Contractor Liability Insurance Is Pertinent
First and foremost, you should take a moment to learn about the pertinence of contractors insurance. Many workers believe that this insurance is nothing more than a gimmick. This couldn’t be further from the truth. In reality, contractors liability insurance could make a huge difference in the future. It could make the difference between filing for bankruptcy and being able to keep your company operational for a bit longer. All sign installers face risks and your company will be no different. Without a good amount of contractors CGL insurance along with having all construction tools an equipment insured, you will be gambling with your company’s future.
If you’re hit with a lawsuit and you’re required to pay a settlement, you’ll have to pay out of pocket. With this type of insurance, you will have a helping hand. The insurance will help pay the court costs and the settlement. This will help to ensure that your company can keep its doors open.
Is Sign Installation Contractors Insurance Really Worth It?
Would you venture out into Ontario’s snow without a jacket and pair of boots? Of course, you wouldn’t, so why should you venture out and open a sign installation business without general liability insurance? It only makes since to protect your business and employees from the potential risks of financial loss associated with mishaps.
Unfortunately, way too many sidewalk construction contractors choose to not get covered. So, when a mishap turns into a hundred-thousand-dollar rectification, they are forced to file bankruptcy and close their business. If you want to follow the same path, then ignore sign installation contractors insurance. If you want to take an entirely different direction and protect your company from such risks, contact our Ontario brokerage.
Our brokers will assist you select the proper coverage to protect your company, employees and customers from potential financial loss. When you consider the fact that civil lawsuits and customer complaints have forced hundreds of Canadian businesses into bankruptcy court and closure, it only makes since to get covered.
Sign Installation Contractors Insurance Limitations
General liability insurance is just like other types of policies, as it has limitations. While it offers protection against financial loss in the event of an employee mishap, it will not cover an employee’s medical bills or funeral costs. In some cases, it may also not cover any damage or injury caused by a negligent act. For instance, if one of your employees fails to follow the proper installation process and the signs falls on top of a passerby, causing them grave injuries, general liability insurance will not cover the victim’s medical expenses.
To learn more about these limitations, please contact our Ontario brokerage. One of or qualified brokers will go over these limitations, so you will know exactly what to expect from general liability insurance. You can choose another form of insurance to pick up where the sign installation contractors insurance will leave off. Do not neglect this type of insurance, because it could prove to be very helpful in the future!
Our Brokers Can Help You Acquire Sign Contractors Insurance
We’re here to help you and we’ll do whatever it takes to keep you happy from start to finish. Our brokerage has been in the game for an extensive period of time and we fully understand all industries in the country of Canada. We understand the risks that you face as a sign installation contractor and we know what it takes to limit those risks to the minimum. Initially, we explain you the process to attain construction business insurance and then proceed to work on your behalf to ensure that you get the lowest premium, without putting your company in a risky situation.
Frequently asked questions before buying insurance for sign installation contractors:
- What is contractors equipment insurance?
- Why do us contractors need insurance?
- I am an independent contractor, do I still need insurance?
- Are subcontractors I hire covered under my contractor’s CGL insurance policy?
- I drive a truck, van, or other vehicle for work – How is that insured?
- What does my contractor’s liability insurance policy cover?
- What is the process to get a contractor insurance policy for my business?
- What options do I have for health insurance as an independent contractor?
- How much does contractors commercial general liability insurance cost?
- How do I become an approved contractor with an insurance company for work?
Other types of installation businesses we provide insurance for are: