Glass Installation Contractor Insurance also known as general liability insurance for glass installation company provides financial protection to installers in the event they cause damages, losses, and injuries to clients or third parties across Canada. This policy only kicks in if the cause of the loss is insured under the policy coverages. Make sure to tell your broker about all risk exposures that you feel can potentially create liability for you in the future.
We recommend having coverage of no less than $2,000,000. Rates starting at $525 for a year!
Everything Your Company Needs To Know About Glass Installation Insurance
The good people of Canada are always going to need glass installations. This is something that every glass installer wants to hear. However, one thing they don’t want to hear is that they are putting their company at risk if they don’t have the right insurance policies in place. One policy that is essential for every Canadian glass installer is general liability insurance. General liability insurance or glass installation insurance is insurance coverage that will protect you and your employees in the event that you cause a customer bodily harm or damage their property. The policy will pay to repair the damages and it will pay the medical expenses that the customer faces.
General Liability For Glass Installation Offers Even More
As a glass installer you are always open to risks on any given day. You could easily drop a piece of glass and damage a hardwood floor. That would result in an expensive tear out and replacement. You could accidentally drop a piece of glass on a dog or homeowner. That would result in very expensive medical costs. Well, what you need to know is that glass installation insurance offers even more protection than just this. Imagine if you were installing a piece of glass in a ceiling. If you accidentally drop that glass from that height and it hits someone it would do major damage. This damage might scar someone for life.
When something like this occurs, the injured party would legally have the right to take lawful action against you. They could drag you through court and run your company’s name in the mud. Even paying the medical expenses might not be enough to rectify the situation. A long drawn out court case could run most glass installers out of business. General liability insurance for glass installers not only covers the court fees and lawyer fees, but it will pay for the settlement if you lose the case. This policy also offers the same type of protection to your employees.
All the coverages mentioned above must be endorsed on to your policy for them to be effective.
What Are Some Prices For Glass Installation Insurance?
You can easily see that glass installation insurance is essential and there really is no way around not acquiring it. So, you are probably ready to get down to facts and figure out what you are going to have to pay for it. Most average sized companies can expect to pay anywhere from $500 to $1,000 dollars a year for this type of coverage. Just keep in mind that there are several underlying factors that actually determine your overall cost. First, the number of employees that you have will play a role in the cost. The number of claims that you have previously filed can affect the cost. The size of your company and even the amount of revenue that you bring in each year can play a role in the overall price.
General Liability Insurance For Glass Installation Coverage Limits
The amount of coverage that you need can vary. It really depends on the size of your company and your specific needs. However, most Canadian insurance experts would recommend going with a $2 million dollars policy just to make sure that you always have enough coverage. You never want to be caught without enough.
How to Get Glass Installation Insurance for your Company
Our Canadian based insurance company can provide your glass installation business with all its insurance needs. We not only offer general liability insurance, but we offer other unique policies that can add protection where it is needed. Give us a call today.
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