Painting By Numbers
Even though many homeowners are choosing to paint themselves, the need for painting contractors for new buildings and investors’ sell or lease properties is projected to grow by around 6% over this next decade. According to the Bureau of Labor Statistics, there are currently over 375,000 painters working across the US. About half of these are employed by construction and painting contractors, and the other half are self-employed.
Construction and maintenance is a growing industry. How can you give your small painting contractor business the best chance to thrive in this competitive business environment? Of course, as with any small business, part of your growth strategy must include protection against injury, liability and loss.
Are Painters Safe On Site?
Whether you are working outdoors or indoors, painting is physically demanding. A painting contractor’s crew can work at extreme heights, in uncomfortable positions, or with exposure to irritants (like drywall dust). Bending, kneeling, reaching, and climbing also put the painter at risk of injury.
And, if the high possibility of injury isn’t bad enough, a small business owner faces additional risks. Painting contractors can be sued for a variety of reasons. For instance, auto accidents caused by your company vehicles, theft of essential equipment, loss of income resulting from any of these incidences, negligence, property damage and even fraud.
Brush Up On Painting Contractor Insurance
The Small Business Association reports that only 25% of small businesses in the US make it to 15 years or more. Two of the most common reasons small businesses fail are an inadequate or ill-chosen business strategy, and a lack of capital or funding. Help is hidden in plain sight. It’s as simple as three words: Small. Business. Insurance.
A sound business strategy includes investing in insurance policies to protect your company from liability claims, medical costs and legal fees. A business owners policy (BOP) gives painting contractors the opportunity to customize your insurance with options to combine coverages such as general liability, commercial real estate, tangible personal property and loss of income into one policy.
A Simple Insurance Solution
Sounds simple doesn’t it? However, a shocking 44% of small businesses in the US are either uninsured or under-insured. Luckily for you, this means you can put your painting business ahead of half your competitors by taking one small step.
As your insurance company, we shop for the best coverage at the best rates. We help you save on insurance coverage by recommending exactly what you need, and no more than you need.
Contact one of our Small Business Liability consultants for a free quote.
Protect Your Reputation
Plan For The Future
Prevent Financial Ruin
Get Peace of Mind
We Help To Protect Your Small Business!
3 Things That Influence The Cost Of Your Painting Contractor Insurance
- What kind of work do you do? For instance, the exterior commercial painter working on multi-storey buildings faces more risk than a contractor who specializes in interior work.
- How many employees does your painting company have?
- What coverage do you need? Every business has their own requirements. We will assist you by putting together a customized painting contractor insurance program at the best rate.
Contact one of our representatives today for the best small business insurance coverage for your small business’s specific needs.
Choose Small Business Liability for the Right Insurance at the Right Price.
Ask About Painting Contractor Insurance.
At Small Business Liability, we don’t do anything until we have assessed your painting contractor insurance coverage needs. Once we have all the information about your small business, we shop for you. We will provide painting company insurance coverage that suits you best.
Equipment Breakdown Coverage
Loss of Income Coverage
Commercial General Liability Insurance
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Contact John for the best quote you’ll get all day!