Flooring Contractor Insurance

A comprehensive insurance policy package for flooring contractors will typically include the following coverages:

• Commercial General Liability Insurance (CGL) – As flooring contractors work primarily inside a client’s property, accidents involving damages would typically be on assets not owned by your business.  General Liability Insurance is a policy that protects you from lawsuit claims of third-party property damages or bodily injury.  Common claims for this trade usually involve fire or water damage or injuries to a bystander.
  • Important note: your CGL coverage limit may only apply to all full-time employees, not each individual. If you require the same amount of coverage for each employee, consider increasing your policy coverage limit.

• Tools and Equipment Insurance – You use various tools to do floorings, such as mallets, saws, hammers, level sensors, metres, and many more that can’t fit on your toolbelt.  The cost to acquire these items could accumulate to a significant expense to your business and should be worth protecting.  Tools and Equipment coverage can protect these assets if they get stolen, damaged, or lost.
  • Anything valued at less than $1,500 is considered a tool, whereas anything above is considered equipment.

• Pollution Liability Insurance –  Brand new flooring may look clean on the surface but could be potentially hazardous underneath.  Off-gassing from chemicals and adhesive used to secure flooring could present exposures to pollutions, leaving your business at fault.  Pollution Liability Insurance can protect you from lawsuits against third-party property damage or illness caused by pollutant discharge.

Additional Coverage:

• Professional Liability Insurance – This is an optional coverage recommended for flooring contractors that provide design services, consulting, or project management as part of their services. Professional Liability Insurance could protect you from claims alleging negligence or failure to deliver a service as promised.