Do I Need Insurance as a Painter?

Do I Need Insurance as a Painter

If you are a professional painter or run a home painting business, chances are good you are always looking for ways to improve the value and perception of your business. Regardless of whether you have been in business for 10 years or 10 days, one thing that you absolutely need to know about is the incredible value and importance of painters insurance.

You may feel as though you do not need insurance, especially if you are a private contractor typically hired for small jobs, but you would be sorely mistaken.

Painters insurance is a major asset to your business no matter what its size is. Read more here to find out why:

Without it, you are at risk

Without a doubt, the most important reason why you should think about getting painters insurance if you do not already have it is that it protects you financially should an accident occur. Whether you damage a part of a home that you are working on, are injured while painting the exterior or interior of a home, or have your tools stolen or damaged, your insurance provider will be able to help you overcome these hardships.

Insurance of any kind serves as a safety net. If you are not giving your business the safety net of insurance then you are leaving yourself open to incredible impactful and harmful losses.

You’ll score many more jobs

Simply, people who are looking to hire painters want to feel as though they are going with the smartest and most professional decision. If the choice is between a painter with great reviews who has insurance and a painter with great reviews who do not have insurance, chances are very good that potential customers will go with the painter with insurance. The reason is not only because it exudes professionalism and security, but also because it just makes a customer feel more confident about the fact that they won’t have to deal with any awful occurrences should something go wrong on the worksite. When you get insurance, make sure that you promote that fact of your business so that potential clients can easily see that you are highly responsible and professional.

You might actually be required by law

Depending on which state or states your business operates in, you may very well be required by law to get painters’ insurance. In fact, by law, business owners need to have two types of insurance policies. Those policies are general liability and workers’ compensation.

If you have any type of employees on your staff, whether they are full-time, part-time, or subcontractors, you are going to need workers comp insurance.

If you are curious about what kinds of insurance are required by the state, simply research the U.S. Small Business Administration and see what requirements your business may be subjected to.

Conclusion

As you can see, painters’ insurance is highly important for a number of different reasons. All you have to do now is find the right provider for you and start running your business to the very best of its potential!