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Carpenters Insurance That’s Made Just for You
Your carpentry business is booming - and now you need customized coverage that can keep up.
At Simply Business, we understand the challenges that come along with being a carpenter. We take the time to understand your business, so we can help you find the policy that best fits your needs.
That way, you can focus on what really matters: building your business!
What Insurance Do Carpenters Need?
Whether you specialize in general contracting or artisan carpentry, you’re probably spending a lot of time in clients’ homes. That means you may be exposed to plenty of risks, like property damage and accidents. From unintentionally breaking your client’s prized plate collection to staining the carpet with paint, there’s a lot that can go wrong.
Fortunately, carpenters insurance can keep you protected!
Get Your QuoteGeneral Liability Insurance for Carpenters
General liability insurance for carpenters - also known as commercial general liability (CGL) - is a special type of policy that covers your carpentry business in case of accidents and damages. For example, if someone trips over a ladder you left out and requires medical attention, general liability may cover the medical costs related to that person’s injury.
General liability usually covers:
- Bodily injury
- Third-party property damage
- Medical expenses
- And more
General liability insurance usually does not cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to own employees
- And more
Learn more about General Liability Insurance.
Professional Liability Insurance for Carpenters
Professional Liability insurance - also known as errors and omissions insurance (E&O insurance) - is a type of policy that provides coverage in the event a customer claims you were negligent with your work. If your customer decides to sue your business for mistakes related to your carpentry services, your professional liability insurance policy may cover resulting damages and legal costs.
Professional liability insurance usually covers:
- Negligence or alleged negligence
- Legal defense costs
- Claims involving libel and/or slander
- And more
Professional liability insurance usually does not cover:
- Intentional negligence
- Bodily injury
- Property damage
- And more
Workers Compensation Insurance for Carpenters
Workers compensation insurance protects your business by covering the lost wages, medical bills, and legal costs associated with an employee getting hurt on the job. For example, if you accidentally run over an employee’s foot while backing your truck up, your workers compensation policy may cover the costs of that claim. If your employee decides to sue you for that accident, your policy could cover your legal costs.
Most states require carpentry businesses with employees to have workers compensation insurance, so don’t be caught without it.
Learn more about workers compensation insurance.
How Much Does Carpenters Insurance Cost?
Wondering how much carpenters insurance costs? While there’s no straightforward answer, the final price of your policy is usually determined by:
- The size of your business
- The number of employees
- Your geographical location
- Your specialties and services
- And more
Want to get a better idea of how much your carpenters insurance will cost? Just click here to answer a few questions about your business.