Is General Liability Insurance Really That Important?
I would venture to say that few individuals or companies get excited when the subject of insurance is brought up. Probably 99% of the exceptions are those who work in the insurance industry. How many things in this world do you love having when it helps you and hate paying for because it may never be called upon to help you? Add to this strange mix the fact that insurance, by and large, gets more and more expensive here in the US. And that ever-so-small, yet present fear, that you won't be covered when you expect to be covered. It can be at least a small nagging concern.
For window cleaning companies, is general liability insurance necessary by law or on a case-by-case basis? Is it even necessary at all?
What is General Liability Insurance Designed to Do?
In short, general liability insurance as it would apply to window cleaning, covers bodily injury and property damage. There are other details that apply to most any business that are of a less physical nature, such as things spoken by owners or employees. A caveat will be discussed later in the article that can make it a bit more 'exciting', shall we say.
With just those subjects listed, it sure seems that any business that is serious about being successful over the long haul and is not simply taking everything a day at a time, would recognize the importance of paying a premium to be protected if an accident to property or person occurs. At the very least, it may well help a business owner who is insured this way to sleep better at night. For contractors who are adequately insured for most any occurrence a COI (certificate of insurance) may be viewed as a "badge of honor", at least early on. This forward step for a new company may be looked at as bragging rights, fodder for marketing and such. By the same token, an inquisitive customer will likely feel much more at ease knowing a window cleaning outfit that will be on the premises will make good on any accidents by virtue of its coverage. You might say that carrying GL insurance is often a right to proceed, when it comes to landing jobs. Sometimes homeowners will verbally require proof of insurance, and even more often commercial establishments will only conduct business with a contractor who is insured for property and personal damage, among other things.
When a contractor hires a subcontractor, new possibilities come into play. While it is not set in concrete that a subcontractor must carry liability insurance, the hiring contractor faces the danger of being responsible for property or personal damage caused by the subcontractor. Additionally, if an employee of the sub files a worker's compensation claim and the sub is not carrying that type of insurance, the hiring contractor will be responsible by law to pay for that as well. Those scenarios are not pleasant ones to contemplate.
Is it a Logical Choice For Window Cleaners to Carry Liability Insurance?
What Insurance is the Most Useful for Window Cleaning Companies?
If you'd like to discuss this or have any questions, feel free to comment below or email me at firstname.lastname@example.org
Dan Wagner Window Cleaning has been serving home and business owners since 1986. Areas covered include Honesdale, Hawley, Narrowsburg, Beach Lake, Damascus, Pleasant Mount, Equinunk, Forest City, Carbondale, Scranton, Dunmore, Lake Ariel, Mount Pocono, Tannersville, Stroudsburg, and others.