If you’re a home service professional, you need business insurance to protect your equipment and shield you from liability. Contractor insurance is ideal for electricians, HVAC professionals, plumbers, landscapers and other professionals responsible for providing in-home services. With Boost, you can customize a package with multiple insurance products, including coverage for mobile equipment, building property and completed operations.
An umbrella policy is a type of small business insurance that protects you from worst-case scenarios that aren’t completely covered by your existing business insurance policy. Even if you have professional liability insurance or a comprehensive BOP package, your policy is subject to certain limits. If an accident is serious enough, you could be liable for hundreds of thousands of dollars in medical expenses or property damage, forcing your business to file for bankruptcy. An umbrella policy gives you extra protection.
Your employees are one of your greatest assets. Unfortunately, it’s possible for an employee to sustain a serious bodily injury or develop an occupational illness while working for your small business. Workers’ compensation insurance covers these work-related injuries and illnesses, ensuring your employees can get the care they need without bankrupting your company.
Depending on your industry, you may have to be bonded before you can obtain a business license or enter into a contract with a customer. A surety bond is an agreement between you (the principal), your customer (the obligee) and the insurance company (surety). You may need to purchase this type of bond to guarantee your performance of a contract or qualify for licenses and permits.
If you need to purchase insurance for your business, contact Boost at (855) 616-0187. Whether you need additional protection against legal liability or coverage for your business or personal property, we’re standing by to help.