What Insurance Policies Does a Carpet or Flooring Installation Business Need? 

Running a carpet or flooring installation business comes with questions about which policies are required, which are optional, and how they might assist if something goes wrong on a job site. Getting clear answers about business insurance before an incident occurs can make a significant difference in how your company weathers an unexpected loss.

Essential Policies for Your Business

Flooring and carpet installation businesses face a distinct combination of risks, including property damage at a client’s home and injuries sustained while handling heavy materials. The following coverages can help address the most common exposures:

• General liability insurance: This can cover third-party claims of bodily injuries, property damage or personal injuries made against your business. Landlords and clients may often require your business to maintain this type of policy.
• Commercial auto insurance: This can help with the necessary expenses if a company vehicle is damaged or involved in an accident. In Georgia, liability coverage is required by law when operating vehicles for business purposes.
• Workers’ compensation insurance: This is required in Georgia for businesses that regularly employ three or more employees and can cover medical costs and lost wages when a worker is injured or becomes ill on the job.
• Tools and equipment insurance: This can cover the hand tools, power tools and equipment on the job site or stored off-site.
• Commercial property insurance: This can cover your buildings, furniture and other physical assets if stolen or damaged by a covered risk and may be required if you rent or lease your business premises.
• Professional liability insurance: This can help with claims of mistakes or negligence in the services you provide. Some clients may decline to work with your business unless it has this type of policy.

Why Is Insurance Important?

A carpet or flooring installation business usually works inside clients’ homes and commercial spaces, often with expensive materials already in place. If an installation error damages a hardwood subfloor or a worker is hurt on a steep staircase, the resulting costs can be substantial. Carrying the right policies can help your business fulfill legal and other applicable requirements and respond to many potential incidents without draining its operating funds.

How Can Our Team Help?

Absolute Insurance Agency LLC works with multiple insurance carriers to find coverage tailored to the specific needs of flooring and carpet installation businesses. Contact us to review your current policies or request a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.