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Water Well Drilling Insurance That’s Made Just for You
Your water well drilling service is in high demand; that’s why you’re building a booming business. But with all that drilling comes potential risk. If you’re not properly insured from those risks, you could end up putting your water well drilling business — and your personal finances — in serious jeopardy.
Enter Simply Business. We focus on finding water well drilling insurance that’s made for drilling companies just like yours. This coverage can help protect you from common risks associated with your industry, so you can do what you do best …
Grow your business!
What Insurance Do Water Well Drillers Need?
Running a water well drilling business means you’re exposed to the potential for accidents that can result in injury or property damage. Plus, if an employee gets injured on the job, that could potentially leave your business exposed to lawsuits and medical claims. That’s why your water well drilling insurance should cover all those bases, so you can focus on your work.
Get Your QuoteGeneral Liability Insurance for Water Well Drillers
General liability insurance — also known as commercial general liability (CGL) insurance— is a business insurance policy that covers costs associated with third-party accidents, property damage, and client lawsuits. Without this coverage, your water well drilling business could be held responsible for those costs. That’s why we recommend that water well drillers carry general liability insurance, which can provide crucial protection for their business.
General liability usually covers:
- Bodily injury
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
General liability insurance usually does not cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to your employees
- And more
Learn more about General Liability Insurance.
Professional Liability Insurance for Water Well Drillers
Professional Liability insurance — which is also referred to as errors and omissions (E&O) — is business insurance that provides coverage in the event a customer accuses your water well drilling business of negligence. If your customer sues your business for mistakes related to your work, 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
- Copyright infringement
- And more
Professional liability insurance usually does not cover:
- Intentional negligence
- Bodily injury
- Property damage
- False advertising
- Patents and trade secrets
- And more
Workers Compensation Insurance for Water Well Drillers
If an employee gets sick or injured while working for you, workers compensation insurance can provide your water well drilling business with financial protection. Most states require businesses to carry workers comp insurance when you hire your first employee. If you don’t have any employees, you probably don’t need to carry this coverage.
Here’s how workers compensation insurance works: If an employee gets injured on the job, this insurance can cover medical costs and lost wages. Carrying workers compensation can provide much-needed security, as having this coverage in place prevents an employee from suing your business for workplace injuries.
How Much Does Insurance for Water Well Drillers Cost?
While there’s no one answer for the cost of water well drilling insurance, you can get an estimate for what you might pay based on: The number of employees and subcontractors who work for you Your business location The type of services you provide And more Want to find out how much your water well drilling insurance may cost?
Click here to answer a few questions so we can help you learn how much you can expect to pay for your water well drilling insurance.