Best Small Business Insurance
Best Small Business Insurance
All business owners need insurance coverage to protect themselves from liability claims, but a pool service company needs excellent coverage more than most. A swimming pool is one of the most enjoyable amenities that homes and commercial properties can offer, but they are too often the scene of serious accidents.
The services you provide can be hazardous if your employees and clients are not constantly vigilant. For instance, swimming pool chemicals always need to be approached with caution. If a customer, their children or their pets get into the chemicals, you could be held liable under certain conditions. Also, the equipment you use to clean the pool could cause injury, especially if clients come too close while you are doing your job.
Swimming pool services require working with other hazardous elements. Your business is most vulnerable when you are performing repairs to a pool’s electrical components. While you and your staff are trained to handle the lights and pumps, customers can easily be harmed if they intrude while you are working on their pool.
Even though your company and your employees are of top quality, people do make mistakes. Such an error in or near a pool can cause serious injuries. People can easily slip, suffer chemical burns or experience electric shock. If you are found liable for any of these issues, you can be on the hook for a huge settlement. That’s why having complete pool service insurance coverage is essential.
The right policy can protect your business when people are harmed as a result of your services. A good pool cleaning insurance policy will also protect you and your company if someone is hurt while visiting your office or store. Even a simple slip and fall accident can result in a large financial claim against you.
Often, you will need to prove that you have the right insurance coverage. If you are working with another business, perhaps a large corporate client, they may require you to show proof of liability insurance before doing business with you.
In today’s litigious climate, it is simply foolish to run any type of business without adequate liability insurance. Thimble offers you the general liability coverage that you need with a minimum of fuss. In as little as 60 seconds, you’ll be able to give proof of your business’s insurance coverage.
Getting the right liability coverage is not expensive. In fact, you can get the policy you need for as little as $5 through Thimble. You can purchase coverage by the hour, day or month. Only work during the summer months? Buy coverage only for that time period. You can always customize your policy according to your specific business needs. And getting an accurate quote is simple. Just enter a little information and find out what the coverage will cost.
Liability insurance needs to cover anyone on your staff. Make certain to list any employee who actively cleans and services pools and anyone who might fill in for your regular employees. To be safe, you may want to include office staff if they will be handling any machinery or pool chemicals. The coverage is inexpensive and well worth the cost to protect yourself from potential lawsuits.
If you do contract work for clients, you can add them to your policy as additional insureds. When you partner with another company, they can be held liable if your business is at fault for an accident. By listing them as an additional insured, you are protecting them with your policy for the duration of the contract. Plus, many client/partners will require a certificate of insurance from you before work begins just to make sure that they are covered.
When it comes to coverage limits, you should think big. You need to choose a high enough policy limit to completely cover your liability for most accidents. Thimble makes sure you have enough coverage by offering a choice between a $1,000,000 policy and a $2,000,000 policy. Obviously the higher limit costs more, but the difference in cost is much less than you might think. Plus, you will be purchasing more than just an insurance policy: you’ll be buying peace of mind. Just one big accident can wipe out what you’ve been working for if you don’t have enough coverage.
A Thimble General Liability policy lets you expand your coverage through add-ons when necessary. This option means you can add coverage if you expand your business services. If you decide to add hot tub and spa installations to your business, Thimble will let you purchase additional liability coverage to keep you and your staff adequately protected. Remember, your Thimble policy will always adjust to your particular needs.
The insurance for your pool service company will be a general liability policy and will offer you all the standard industry protections. The following coverage will keep you protected as you go about your daily workload.
Swimming pools are a known liability risk to homeowners, but they also leave your company open to liability claims. For instance, one of your workers could momentarily leave their pool cleaning materials unattended by the pool, allowing the client to trip and injure themselves on the pool’s concrete edge. If they break a bone or strike their head, they could be unable to work for weeks if not months. They will be looking to you for money. Bodily injury coverage will go toward their loss of income, an amount that would be hard for you to pay on your own.
3rd Party Property Damage
As a professional, you work hard to protect your client’s property, but accidents happen. Some pools have beautiful tile work surrounding them. You could easily drop heavy equipment and crack this decorative work. Or, more seriously, your new employee could hit reverse instead of drive and run into your client’s new Mercedes. While you may have a public relations mess to fix, you won’t have to worry about paying for the damage if you sign up with Thimble. Your Pool Service General Liability insurance will cover the damage.
Business owners get sued. It’s a sad fact of life and an expensive one. Perhaps a client claims the pool water wasn’t properly maintained so their family members fell ill. Even if your service was impeccable, you’ll have to hire an attorney to defend yourself, and that costs money. Often a lot of money. You won’t have to worry about paying the attorney’s retainer if you have Thimble General Liability Insurance because it covers defense costs.
If you’ve needed medical treatment lately, you know how much those services can cost. When you or your employees are responsible for an accident, you are liable for the medical costs of the injured parties.Those costs can soar, even for relatively minor injuries. Fortunately, general liability coverage from Thimble covers medical bills. You simply file a claim, and they take care of the rest. Your client gets fair treatment, and you aren’t swamped with their medical bills.
With Thimble, you can instantly get a Certificate of Insurance when you need one. By using the convenient Thimble app, you can pull up a copy anywhere at anytime. Your clients will be satisfied that you have the necessary coverage. Plus, you can use the COI to verify aspects of your policy such as liability limits and policy end dates. With Thimble, the information that you need is always available.
You may wonder if you can get by without General Liability Pool Service insurance. The answer is no. Even if you’ve been accident-free for years and have only happy clients, it just takes one serious incident to plunge you into serious financial trouble. Legal judgments can easily reach a million dollars or more, and for many businesses, that kind of ruling could plunge them into bankruptcy. Your company may be unfairly accused of causing damage and still be hit with huge bills. That’s why you simply cannot get by without proper liability insurance.
Thimble General Liability insurance is easy to get and quite affordable. For a few dollars, you can make certain that you and your employees are covered. Don’t take the risk of going without insurance for pool service and cleaning businesses. Get Thimble coverage today.
Handymen + Contractor insurance protects your business from lawsuits, if you or your property accidentally hurts a third party or damages their property.