Any person that is running a small at home business needs to have proper insurance. One of these businesses that need to have proper insurance coverage is a painting business. As the owner or manager of this business, you need to make sure that not only do you have your assets protected but that you also are protected from any liabilities that could possibly cause issues to you. Make sure that you are properly insured and find the right coverage, without it, you may have some major issues on your hands.
Shop with an Educated Insurance Agent
The best thing that you can do when you are looking to insure your painting business is to find an insurance agent. The great thing with an agent is that they are properly licensed and are able to explain all of the insurance speak to you so that you can understand what is going on. They will help you understand the different lines of insurance that you need and what you should have as a minimum amount. From there, they should be able to get you the quotes that you need and the information that you require to get the coverage in place for your painting business.
Look at a Variety of Quotes
Another big thing when you are shopping for this coverage is to have quote options. You don’t want to take the first quote that is given to you and go with it, you want to shop around. A good insurance agent should have options; they should be a broker so that they can pull quotes from the different A-rated carriers in your area and make sure that you are getting the best deals that are out there. It is very important to make sure that your insurance agent has options and to steer away from the captive agent that only offers one company. Generally, they are not going to be able to help you find the best deals out there, simply because the majority of the time there is probably another company out there that offers better deals and you’ll want to take advantage of them. Having a broker is the key to finding the lowest rates and the widest bands of coverage.
If you are a painter that is looking to insure your business, you want to make sure that you are getting the coverage that you need and that you aren’t overpaying for it. With a good insurance agent, or a broker, you should be able to find coverage amounts that fit your need and will protect you in the event that something should happen to your business.
By John Benson