Decks and Fencing Contractors Insurance also known as general liability insurance for Decks & Fencing companies provides financial protection in the event the contractor gets sued by their client or third parties. When damages, losses, and injuries occur to clients or third parties, the deck and fencing contractor often gets sued. When a lawsuit does occur, this policy kicks in if the cause of the loss is insured under the policy.
Everything You Need To Know About Decks & Fencing Contractors Insurance
Building decks and fences in Canada can be extremely exciting and lucrative. Everyone needs a good deck, but just doesn’t have the skills or time to build their own. Some decks are more intricate than others and some might even require more labor. Whatever the situation is, you can really take advantage of the lucrative opportunities in the market. However, what most deck and fence builders don’t know is that they are open to a number of risks on any given day. Decks & fencing insurance will protect you from these risks.
How Does General Liability Insurance For Decks & Fencing Protect You?
Building a deck or fence takes a lot of hard work and knowledge, but it doesn’t matter how skilled you are or how much you know, there is always a chance that an accident is going to happen. Accidents happen all the time and there really isn’t much that you can do to prevent them. Decks & fencing insurance is a specific type of insurance policy that will protect you and your employees in the event that you damage the customer’s property or cause the customer bodily harm. With the right amount of coverage this policy will cover the repair damages or the medical expenses that are involved within the incident.
The policy will also cover court costs and lawyer fees in the event that the customer decides to take the case to court, which in many cases they will. Even if you win the case you will likely spend hundreds to thousands of dollars in lawyer fees and court costs. With general liability insurance for decks & fencing, you won’t have to worry about any of that.
What Is The Average Price For Decks & Fencing Contractors Insurance?
When it comes to decks & fencing insurance in Canada, you will quickly discover that there are a number of providers. However, it should be noted that each provider is a little bit different and is going to offer different rates for coverage. That being said, each provider usually bases the overall cost on several underlying factors. These factors could be anything from the number of employees that you have to the amount of money that you bring in annually. The number of claims that you have previously filed and the number of years that you have been in business can even play a role. Most average sized deck and fence builders will pay anywhere from $800 to $900 a year for this type of coverage.
What Is The Average Coverage For Decks & Fencing Insurance
Not only is decks & fencing insurance essential, but also it is vital to make sure that you have the right amount of coverage. If you are a smaller contractor that doesn’t take on many jobs you might be able to get away with a smaller policy. If you are a larger contractor with a lot of employees you probably want to ramp up your coverage. A $2 million policy should be sufficient for smaller companies, while a $5 million policy might be more suitable for larger companies.
Let Us Provide Your General Liability Decks & Fencing Insurance
We are a Canadian insurance company that specializes in decks & fencing insurance. We work with a number of decks & fencing contractors in the area. We offer the low priced special type of coverage that you need to protect you, your employees and your company. Get in touch with us immediately.
Frequently asked questions
- What Is Covered Under A Contractors Insurance Policy?
- Types Of Contractors That Need Contractors Insurance And The Reasons Why?
- How Much Does Contractors Insurance Cost?
- A Comprehensive Guide For Learning How To Apply For Contractors Insurance?
Other Types of Contractors We Commonly Insure
- Alterations or Repairs (Residential)
- Antenna & Satellite Installations (Residential)
- Carpentry – With Shop Operations/Away From Shop
- Chimney Cleaning (Residential)
- Decks & Fencing
- Doors, Windows, Siding, Awnings Installers
- Drywalling, Plastering & Lathing
- Electricians (No Industrial)
- Floor Covering & Ceiling Installations
- Glass (Glazier) Installation
- Heating Equipment & Combined Air Conditioning (Residential)
- HVAC Contractors
- Insulation (no asbestos/UFFI or EIFS)
- Installation Contractors
- Interior Decorator (Cosmetic)
- Lawn Sprinkler Installation
- Machinery, Agricultural
- Machinery, Industrial (Millwright)
- Masonry (Including Bricklaying, Stonework, etc.)
- Painting & Painters
- Renovation Contractors
- Road Construction
- Sheet Metal (Work Done Away From Shop)
- Sign Installation
- Solar Energy Contractors
- Tile Work
- Tree Removal, Trimming, Pruning
- Window Cleaning