Sprinkler Installation Company Insurance – What Could Go Wrong?
From reading and interpreting blueprints, drawings, specifications and fire codes to fabricating, soldering and welding pipes and sprinkler head to testing and installing entire fire suppression systems, your sprinkler installation business provides an essential service that carries a huge responsibility. With clients relying on you to protect their offices, retail stores and homes, a simple mistake could mean millions of dollars in damage. While you’re busy protecting your clients, you need sprinkler installation business insurance protecting you. ALIGNED can also provide construction bonds to help you bid on government and commercial installations.
A lot. Whether you provide services such as:
- Installation of brackets, clamps and hangars that support piping, sprinkler and fire suppression equipment
- Installation of valves, alarms, water, foam, carbon dioxide and dry chemical sprinkler systems
- Designing and certifying fire systems
- Surveys, investigations and audits
- Emergency training
- Plumbing work
- Electrical work
- Fire engineering
- Service and/or sprinkler repairs
You need sprinkler installation company insurance policy to protect your business from liability in case the worst happens and your clients suffer losses due to a mistake by you or your installers.
Sprinkler Installation Contractor Insurance – Coverage Highlights
These are some of the standard coverages that can be included in your insurance package, each coverage can be customized to meet your company’s specific needs:
Commercial General Liability Insurance
A lot can go wrong during the installation and testing of residential and commercial fire suppression systems. Commercial general liability insurance protects your sprinkler installation contracting business from legal liability by covering your expenses to defend lawsuits related to property damage or bodily injury in case your workers accidentally cause damage or employee injuries. It can also cover the costs to settle a claim out of court or judgements awarded against your firm.
Commercial liability insurance coverage also extends to slip-and-fall and other non-employment injuries on your property; accusations by competitors or other parties of libel or slander and lawsuits alleging false advertising, among other potential claims scenarios.
Commercial Property Insurance
As you know, fire protection systems are effective but not enough to protect your sprinkler installation company’s business property – whether you lease or own your shop or work from a home office. Your property is still vulnerable to floods, earthquakes, windstorms and sewage backups, for example.
Including commercial property insurance in your company’s insurance portfolio can cover the costs to repair or replace your building, tools and equipment, supplies and materials and other business assets.
Coverage can also apply to your tools and equipment while they are being transported and while they are on the job site, protecting you in case they are lost, stolen or damaged.
Business Interruption
As a contractor and sprinkler installation company, you undoubtedly have several monthly and quarterly expenses. In case an insured peril interrupts your income, business interruption insurance coverage can help by reimbursing you for revenue you would have been making if not for the peril, helping you cover your expenses when you need it most.
Commercial Auto Insurance / Commercial Vehicle Insurance
For the trucks, vans, trailers and other vehicles used by your sprinkler installation contracting business. Standard insurance coverage includes third-party liability, direct compensation for property damage (with exclusions) and accident benefits for injuries suffered in a collision.
Crime Insurance / Fidelity Insurance
This coverage can protect business owners from experiencing losses due to theft, burglary, fraud and employee dishonesty.
To bid on certain commercial sprinkler installation contracts, you may also need to be bonded. Here are a few of the construction bonds we carry:
- Contractor License Bond – required for some contractors to get licensed, contact us to find out if you need a contractor license bond.
- Bid Bond – used when a contractor bids on a contract; guarantees contractor’s ability to complete the contract.
- Performance Bond – guarantees the contract owner that the contract will be completed as specified either by the original contractor or a subcontractor.
For more of our bond products and more information, visit the “Commercial Surety Bonds for the Construction Industry” section of our Types Of Commercial Surety Bonds In Canada page.
Sprinkler Installation Company Insurance Brokered by ALIGNED – Saving You Time, Money, Hassle and Potential Liabilities
When you choose ALIGNED, you get an advocate who specializes in commercial insurance coverage searching through Canada’s top insurance companies to get you comprehensive sprinkler installation company insurance policy that covers your liability risks at affordable rates. Contact an ALIGNED advocate to get a free quote in minutes or get started right now by using our free online tool.
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