/ BLOG

Why Do Painters Need Business Insurance?

Apr 14, 2022 · 8 minutes to read

Like many small business owners, you’ve probably asked yourself, “Do I really need business insurance?” For painters, the answer is probably yes. The work you do opens you up to potential risks that could translate into expensive claims or lawsuits.

Painter finishing interior

Business insurance can help protect you, but it can also help open the door to new clients and contracts. It can help you ensure that your business is operating legally and even help you attract new employees!

Let’s dive deeper into the reasons why painters may need business insurance.

Protect Your Business and Personal Finances

Property damage claims are a very real risk for residential and commercial painters. During a typical job, you might need to:

  • Enter a client’s home
  • Move around the exterior of a client’s property
  • Move furniture
  • Work near breakable items or things that could be damaged
  • Open gates
  • Place ladders against walls or fences
  • Apply painters’ tape to surfaces
  • Open windows
  • Construct and take apart scaffolding

Unfortunately, these normal parts of your job could result in expensive property damage.

A client might demand compensation if you damage their property, even if it was an accident. Shattered windows, broken furniture, or paint spills might be expensive to replace, fix, or clean up. Without painter’s insurance, compensating your customer would fall on your shoulders.

Many business owners believe that only their business is liable for claims and lawsuits. However, this is not always true. If your business does not have enough money to compensate a client fully, you may need to dip into your personal savings to make up the difference. Sole proprietors are especially at risk in these scenarios, as their professional liabilities can quickly become personal ones.

A lawsuit or claim from a third party can be financially devastating. Having self-employed painter insurance could help you protect your hard-earned money where it belongs—in your bank account.

Stay on the Right Side of the Law

Most states require business owners to have insurance coverage. Though laws vary by state (and even at the city or local level), you will likely need to have two types of insurance to start a painting business:

General Liability insurance provides coverage against third-party allegations of property damage or bodily injury. Governments often require businesses to have this type of insurance to help compensate consumers if they are harmed financially or physically because of your work.

Workers’ Compensation insurance covers employee injuries and illnesses sustained in the workplace. You will typically need to buy this coverage before hiring your first employee, which includes full-time and part-time staff plus subcontractors. You might even need Workers’ Compensation as a sole proprietor in some instances.

You typically need to show proof of insurance when you apply for a business, general contractor, or painter license. Again, requirements vary depending on where you will be working. Always check your state and local government websites to understand your insurance and licensing obligations.

Show You’re a Professional

It can be challenging for new businesses to find their first customers. Anything you can do to build trust and convince them to hire you helps, including having painter contractor insurance.

An insurance policy shows that you are a serious business owner, not just someone picking up painting jobs on the side. It can also give customers confidence in your abilities. Someone with paint company insurance values their professional reputation—and is prepared to defend it if necessary. They will treat each client’s home or office with the care it deserves.

There are many ways to let customers know that you have painter’s insurance. Places to consider advertising this information include:

  • on your website
  • social media profiles
  • business cards
  • your business truck or van
  • flyers
  • marketing materials

You don’t need to give customers all your insurance details in these places. Adding phrases like “fully insured” may be enough. Then, if a customer asks for more information, you can provide them with proof of your specific policy.

Get More Painting Jobs

Painting business insurance is more than just a necessary expense. It can also be an investment. Having painter’s insurance could help you get more work and grow your small business.

As we’ve already discussed, painter contractor insurance can give customers confidence in your business, which may motivate them to choose you over another company. Those clients could lead to word-of-mouth referrals and positive reviews that, in turn, may result in more business.

A painter’s insurance policy might be necessary to secure specific jobs. Commercial and government clients often require the contractors they hire to have General Liability insurance. This requirement may be written into the business contract you sign, and you will likely be asked to provide proof of your insurance before beginning work.

In this way, paint company insurance might be essential to expanding your services and taking on larger clients.

Show Your Employees You Value Them

As your business grows, you may need to hire painters or office employees to help manage the company. You might find that having painting business insurance helps you attract talented and reliable staff.

People want to work for employers that take their health and safety seriously. Workers’ Compensation insurance (which is often mandatory, as we’ve discussed) is one way to show your employees that you care. These policies typically cover medical costs and lost wages for staff who are injured or fall seriously ill in the workplace. Your employees can work with confidence, knowing they will be protected while they recover if an accident does happen.

General Liability insurance can also help attract high-quality employees. These policies typically cover everyone who works for your business. So, if an employee accidentally damages a client’s belongings or causes them an injury while working, your paint company insurance policy should protect them.

Back-Up Your Risk Management Plan

Business owners often take steps to help prevent accidents from happening while they work. These actions, often called a risk management plan, can help protect your business, employees, customers, and other members of the public you might interact with. But it’s always wise to have a backup plan!

Insurance for painters can add an extra layer of protection to your business. Accidents can still happen, even when you’re being careful. If something slips past your risk management plan, your painter’s insurance policies are there to pick up the slack. Your coverage shields your business and personal finances, so you can relax and get back to work.

Along with General Liability and Workers’ Compensation coverage, you might consider other insurance policies to protect your business. Coverage for your tools, vehicles, business interruptions and other issues may be helpful.

Who needs painter insurance?

As you can see, painter’s liability insurance can not only help you protect your business but also promote and grow it. However, you might still be unsure if painter insurance is really something you need.

Every business is different, and so are your business insurance needs. However, you may want to think about the following as you consider insurance:

  • Are you a sole proprietor? Business liabilities can easily become personal ones for sole proprietors. Self-employed painter insurance helps protect your personal assets (i.e., bank accounts, home, car, etc.) as well as your business.
  • Could I afford a lawsuit? Claims and legal action can be expensive to resolve, particularly if they drag on for months or years. Business insurance covers expenses related to lawsuits, so they don’t drain your accounts.
  • What does the law say? Skipping certain types of business insurance might result in business stoppages, fines, or other legal penalties. This could seriously affect your business, potentially causing you to close forever.
  • Do my clients expect me to be insured? Your clients probably want to work with insured contractors. Whether this is a requirement written into a business contract or an industry standard, meeting these expectations can strengthen your professional image.

Is it time to protect your painting business?

There are many reasons why you may need painter’s insurance for your business. Insurance coverage could help you meet professional and legal obligations, find new clients, hire talented employees, and perhaps most importantly, protect your growing small business.

So, who needs painter insurance? Painters who typically get coverage for their small businesses include:

  • Self-employed business – Insurance can help protect your business and personal finances in the event that a claim or lawsuit is brought against your sole proprietorship.
  • Paint company – Insurance may be necessary to not only protect your business, but also your employees.
  • Painter contractor – Insurance might be a requirement for you to work as a subcontractor for another company.

Your painting business may be small, but the risks you face on the job might be bigger than you think. Insurance for painters can help you meet these head on, giving you important peace of mind as you focus on growing your business.

Comparing painters’ insurance is easy with BizInsure. Get covered in minutes—start now!

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

Let's find

The coverage you need for your business

Professional Liability Insurance

Professional Liability Insurance

Get a quote

General Liability Insurance

General Liability Insurance

Get a quote

Business Owner’s Policy (BOP)

Business Owner’s Policy (BOP)

Get a quote

Workers Compensation Insurance

Workers Compensation Insurance

Get a quote

Amy was a delight to work with she help me with finding he right policy for my business I can't thank her enough for her help
I purchased liability insurance for my home care agency, Unlimited Gentle Care, and the process was seamless and straightforward, ensuring that every aspect of our liability was covered. This company also offers a great value for the extensive coverage my company receives
BizInsure was an easy way to purchase insurance for my business.Kaleb especially was a great help.Thanks,Rich Valentini
awsom service, perfect price and great policy
I have purchased General Liability Insurance for the past 4 years at BizInsure for my wedding videography small business. In these 4 years, it has always been a smooth process.There must've been some sort of technical issue (potentially due to my change in address), so my policy didn't auto-renew. I called Bizinsure and talked to Paulina, who was beyond helpful. She was very polite and explained things very well. One small detail that I can appreciate is that she often said my name, which shows that their customer service is intentional about personalized communication.In just a few minutes, we updated my account + renewed my insurance for a 5th year. I highly recommend Bizinsure!
great customer services.
This company allowed us an amazing experience, including very efficient, detail-oriented, and patient guidance from their commercial sales agent, Jenifer. I highly recommend this service for anyone in need of a business insurance policy.
Jennifer was very helpful and great to work with.
Very professional, fast and reliable. I appreciate their knowledge and experience. They have made this journey easier for me.
Very easy to renew! Thank you
super quick and easy process!
I am very satisfied with Bizinsure. No regrets
Very professional, easy, and thorough application process.
BizInsure is efficient and price friendly. I definitely reccommend them to anyone. Thank you.
Very easy to work with, cost effective, prompt renewal and easy to get certificates of insurance instantly. I use them exclusively for my professional and general liability insurance needs as a consultant.
Great process and very efficient.
Friendly and very fast service!
Jennifer Whiscombe, is an amazing agent. She was very knowledgeable, thorough and friendly. I highly recommend.
They make it very easy to buy insurance and renew.
As a business owner I love not wasting time. Thank you so much for giving me more time
Very straight forward, the cost of coverage amount made sense, simplicity was appreciated.
Always easy. Thank you.
A Company that is easy to deal with and that I have used for several years. I appreciate the continued support.
Very easy and affordable!
Responsive and professionalCompetitive price. I highly recommend Bizlnsure as an insurance provider
Your service is easy to renew as needed and your company informs the client in advance for renewal.
It has been a pleasure doing business with Biz Insure Llc.Their representatives are very courteous, helpful and customer service oriented.
Quick and easy....
I follow the instructions & would prefer to paid every month. I did not have the options to pay every month.
Thank you, Amy, for making my experience enjoyable and funny. Thank you so much for your kindness!!!
I'm pleased with the business quote I received from Bizinsure LLC. Thank You!
Very satisfied with the online experience
Been a happy customer for years! Easiest company to receive a quote and get insured. No hassles! Easy payment! Finance plans, if needed!
Love it
Every year, BizInsure is my go to for general and professional liability insurance! Thenrates are unbeatable.
The agent was quick and efficient in generating a quote for my needs.
js_loader
Google Rating
4.7
Based on 285 reviews
×
js_loader