Alarm Installation Insurance for Contractors
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Security alarm services are being used more frequently. Homeowners are looking for ways to optimize the safety of their home. On top of that, most commercial buildings are required to have a security system and fire suppression systems installed. This increases the demand for the alarm installation line of work.
There are an estimated 2.5 million burglaries every year. Fortunately, that number has decreased in the past ten years. The uprise in home security systems has helped minimize the burglary risk.
Is your business as protected as your customers? Speak with an agent today about the best insurance policies to provide you with secure coverage.
A General Liability policy is the most common policy for all businesses. Many people will require proof of General Liability insurance before your company is allowed to start working on location. This policy will provide coverage for various incidents that can take place at the job site, even after the work provided is finished.
For example, your company installed an alarm but the response time was delayed. This causes a break in and theft of valuable items. The home or business owner can take legal action against you for a faulty alarm system.
The General Liability policy will protect your alarm installation business from having to pay for fees out of pocket. Depending on the severity, the fees without this policy in place can be extreme.
Having Workers’ Compensation in place is mandatory for most states in the US. If you have more employees than yourself, this policy is absolutely crucial. If an employee is injured on the job, this policy will pay for employee medical expenses and partial missed wages from the accident.
Without Workers’ Compensation, not only will you have to pay for the employee's medical expenses, but also potential legal fees for not having the policy in place.
If your alarm installation business uses a company vehicle, a Commercial Auto Policy will be beneficial to you. Depending on the distance you are driving and equipment being carried, there can be different limits on the policy. Speaking with a professional about your alarm installation company’s specific automobile needs will ensure your commercial vehicle is properly covered.
If your alarm installation company has an office location(s), Property Coverage can help assure your business continues to run smoothly. This policy offers coverage to your building, and the tools and technology inside.
Your company and the equipment used provide an ultimate safety feature to businesses and homeowners everywhere. Your property will be as protected as your customers with this policy in place.
Professional Liability, or Errors and Omissions is another policy that should be strongly considered. Professional Liability (E&O) is there to protect your company’s reputation if a mistake is made.
As a hard working contractor, you always try your best to avoid any mishaps on the job. Unfortunately, mistakes are bound to happen. This policy can offer you a sense of relief if a slip up occurs.
Excess Liability Coverage
Excess Liability Coverage will extend the limits of your General Liability policy. The limits will vary depending on the level of service you are providing. This policy can save your business if a major insurance claim is filed against you.
To see if this policy will be a good addition for your business, reach out to one of our agents. They will assess the work being done, and your risk levels. Once assessed, they will provide an honest answer on whether this policy will be beneficial to you.
Cyber Liability Policy
Every 39 seconds, someone becomes a victim of a cyber scam. Protect your company and client data with a Cyber Liability Policy. Many business owners do not think of a Cyber Liability policy until it’s too late. Stay ahead of the curve by making sure all of your important stored information is safe.
In some cases, a cyber attack does not have to occur for Cyber Liability to protect your business. Read more about Cyber Liability saving a company almost $150,000 when a physical break in occurred and all data was stolen.
Payroll, Benefits and HR
As the owner of an alarm installation company, your specialty is the installation and monitoring process. Let us take the stress of Payroll, Employee Benefits, and HR services away from you so you can focus on what you do best - Protection.
We can help you find the right Employee Benefits plan for the hard-working individuals that keep your business going. We also have a simple system to help distribute Payroll to your employees. No more need to sit and calculate your employees pay, we can take care of it for you.
If you would like to learn more about Alarm Installation Insurance, or how our Payroll, Benefits and HR team can help you, fill out the form below. One of our agents will reach out to you shortly. You can also call our mainline at (303) 279-9700.