What types of insurance do flooring installation businesses need?

These policies provide coverage for common risks of flooring installation.

General liability insurance

This policy covers third-party flooring installation risks, such as damage to a client’s furniture while installing carpeting. Bundle with property insurance for savings in a BOP.

BEST FOR

  • Slip and fall accidents

  • Damaged customer property

  • Libel or slander lawsuits

Workers’ compensation insurance

Workers’ compensation insurance is required in almost every state for flooring installation businesses that have employees. It can cover medical bills for work-related injuries.

BEST FOR

  • Employee medical expenses

  • Missed wages

  • Legal costs

Commercial auto insurance

This policy covers third-party property damage and injuries caused by company vehicles, as well as vandalism to a flooring company’s utility truck.

BEST FOR

  • Physical damage and collision coverage

  • Injuries caused to another person

  • Vandalism and theft

Contractor’s tools and equipment insurance

This policy helps pay for repair or replacement of a contractor’s flooring nailers, miter saws, and other tools if they are lost, stolen, or damaged.

BEST FOR

  • Equipment less than five years old

  • Mobile equipment

  • Small tools

How much does insurance cost for flooring installers?

  • Several factors will have an impact on insurance costs, including:

  • Installation services offered

  • Business equipment and property

  • Revenue

  • Location

  • Number of employees

Why do flooring installation businesses need insurance?

From hardwood to carpet installation, your small business faces big risks. If a customer sues over property damage, or a company vehicle is involved in an accident, legal bills could lead to bankruptcy. Flooring contractor insurance can cover attorney's fees, medical bills, and more.