Your potentially life-saving work as a fire protection contracting company is depended on by occupants of warehouses, manufacturing plants, office buildings, hospitals and residential homes and apartment buildings to name just a few. Even for fire protection contractors who works as consultants, there is simply too much at stake not to have protection of your own.
General Liability Coverage
If the sprinklers you provide to your client go off unexpectedly, which causes water damage to your client.
Your general liability policy would cover the cost of repairs for the damages done by your products.
Employee value Coverage
If an employer fails to offer benefits to its employees, the employees don’t feel valued which eventually decreases their productivity and they start losing interest towards the company.
If you offer good benefits to your employees, they feel happy that the organisation values them. In return, they also work hard to deliver their best and make better for all.
Business Auto Coverage
If any of your company vehicles are involved in an accident, you have to pay for third-party bodily injury, property damage, or pollution cleanup.
Commercial Auto policy would cover any expense for the medical care of the other driver and repair his property
Worker’s Compensation Coverage
While installing a sprinkler at your clients site, your employee cuts his hands severely. He needs medical care and cannot work until he recovers.
Workers’ compensation would pay for his medical bills and a portion of lost income while he recovers and is unable to work.
Fire protection contractor insurance is essentially a Commercial General Liability Insurance policy that’s tailored to cover your activities and protect you from the liability risks associated with the work you do. It can also include Failure to Perform or Efficacy coverage, coverage, unique to fire protection work, in case your products and/or units fail to deploy.
Fire protection contractor insurance can provide coverage for legal defence costs such as lawyer’s fees, settlements and awards for damages for claims alleging personal injury/bodily harm or property damage. Also included is coverage for claims of slip-and-fall injuries on your property, claims of libel or slander and lawsuits alleging false advertising, among other potential claims scenarios.
Connect with us to review your existing policy or to get a customised policy for your Fire Protection Contracting business.
Considering the size of potential fire protection-based claims it is recommended to have Commercial Umbrella Liability Insurance which provides coverage for costs of a claim that exceed policy limits.
If your fire protection contracting company manufactures/fabricates fire suppression or detection products, you may also need to include Product Liability Insurance to protect you from claims related to your products.
Other Coverages for Fire Protection Contracting Companies
If you work within this industry, protecting yourself from the dangers of working with fire suppression is critical. While you might do your best to make sure all work is performed correctly, you can’t predict when accidents will occur or when someone might try to hold you financially responsible for something that was not your fault. This is why you must take extra care in not only your work, but in protecting yourself and making sure you have the right fire protection contractor insurance plan.
Contact us today to know more about the various options you have.
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.