Flooring & Tiling Business Insurance

A flooring business provides essential services for residential and commercial spaces, including the installation, repair, and maintenance of various types of flooring such as hardwood, tile, vinyl, laminate, and carpet. These professionals ensure that floors are not only aesthetically pleasing but also durable and functional. Whether it’s refurbishing old surfaces or laying down new flooring in a commercial property, flooring businesses play a vital role in construction and remodeling projects.

Flooring contractors are often referred to as flooring installers or tile and stone setters. These professionals specialize in laying and finishing a wide range of materials, from classic hardwood and sleek tiles to practical laminate and plush carpets. Their expertise ensures that each material is installed correctly, offering beauty and longevity to the spaces they serve.

Insurance isn’t just a safety net; it’s often a requirement to conduct business. Flooring installers face various risks, such as accidental property damage, on-site injuries, and equipment theft. For example, a simple mistake like spilling adhesive can cause significant property damage, while an unforeseen injury on the job could lead to financial hardship. Additionally, many clients, HOAs, or government regulators require proof of insurance before granting contracts. Having insurance helps protect your livelihood and gives your clients confidence in hiring you.

Business insurance acts as a shield against financial losses from unexpected incidents. For flooring installers, this can range from slip-and-fall lawsuits to damaged equipment or natural disasters affecting your workspace. By having the right coverage, you can safeguard your business operations, employees, and reputation. For example:

• Liability risks are covered through general liability policies.
• Equipment damage or theft is mitigated with inland marine coverage.
• Property loss due to fires, floods, or theft is covered under a commercial property policy.

With Thimble, your insurance can adapt to your business’s changing needs, making it easier to protect what matters most.

The cost of insurance for flooring businesses varies depending on factors like the number of employees, the state where you operate, the specific risks of your services, and your annual revenue. Thimble offers flexible insurance plans that can be purchased on a monthly, daily, or job-specific basis. We work with you to find a solution that fits both your needs and your budget.

The Small Business Administration of the US recommends flooring installers acquire business insurance upon launching their business. Learn more from the SBA here.

Once you’re an established flooring business, however, updating your business insurance is crucial as your business evolves. Significant changes like hiring additional employees, expanding into new regions, or investing in expensive equipment often necessitate adjustments to your coverage. Regular policy reviews ensure you’re always protected against current risks. Check out our blog on when and why to update your policy here.

Verifying if a flooring installer is insured is simple with Thimble. Once a policy is purchased, a Certificate of Insurance (COI) is generated within 24 hours – and in some cases, instantly! Installers can easily share this COI with clients to demonstrate active coverage, and clients can search on Thimble’s site to easily verify in real-time. This helps flooring installers easily establish trust, helping to increase booking rates. Thimble’s platform also allows contractors to manage certificates for their entire team, ensuring compliance and professionalism as you scale your flooring business.