Painters Insurance

Ontario Painters Insurance  

Painting contractors are much-needed specialists in today's busy world of residential and commercial construction and renovation. A well-known industry fact is that the best way to increase the perceived value of a home or property is to add a new coat of paint. This helps make the location feel new and pristine. While you could paint a room in a home, a professional painter is what you need if you want the job done correctly and on a larger scale.   

But with being a painting business owner comes many risks. Property, inventory, tools, and more are all necessary to complete any project. Therefore, ensuring those are all protected with the right painters insurance is critical. A great place to start inquiring about this is by speaking to a Morison Insurance dedicated broker about a painters insurance quote. They can help make sure you have the right coverage for your specific business.  

What Is Painters Insurance?  

Painters insurance is a type of business insurance coverage that is specifically crafted to protect the potential risks of professional painters while they are working. With the right painter insurance in Ontario, an experienced painter can complete their tasks and projects with the peace of mind that if an insured peril were to take place, he would be adequately compensated to deal with any litigation costs and can handle any extra expenses that may occur such as destruction or damage of property.   

Whether it's an individual tripping over tools or supplies while on the job site and injuring themselves or paint spilling and damaging a priceless rug, you would not want to have to pay for any medical expenses or to replace a priceless rug out of pocket. This is why the right painters insurance coverage is essential to any professional painter and should be top of mind before they begin a project. Just like other forms of insurance coverage, business insurance coverage should be in place before any work has started.   

Who Needs Painters Insurance?  

Every painting contractor in Ontario should have painters insurance. This type of coverage is essential as you have invested a lot of money, time and resources, and you want to protect that investment at all costs. Whether you are an owner-operator or have many employees, your business is always open to unexpected risks. Mishaps such as falls, damaged windows, stolen tools, cyber breaches and spills can occur. And without the right painters insurance, you would have to fix those incidents out of pocket.   

Why Do Painters Need Insurance In Ontario?  

Ontario painters should invest in the correct painters' insurance for their business to protect them from having to pay out of pocket for any insured perils that may occur on or off the job site. In fact, many customers will ask for proof of insurance before hiring a painter, which means you will lose out on that business if you don't have painter's insurance. If you are bidding on painting contracts for government, commercial or institutional projects, commercial general liability insurance is mandatory and showing a certificate of insurance will be required. This is especially important for painters doing exterior spray painting as they face additional risks. For example, if you're conducting exterior painting and the wind carries paint in the wrong direction, it may damage properties or vehicles, which may result in lawsuits against you.  

What Types Of Coverage Are Available For Painters Insurance?  

There is a wide range of coverages that could be included in a painters insurance quote. Each one will make sure that every aspect of your painting business is properly covered. Our Morison Insurance team of brokers will be able to break down each coverage in as much detail as necessary so you have an understanding of how each insurance coverage works.  

Commercial General Liability Insurance  

Commercial general liability insurance, or CGL insurance, protects you and your business against claims from property damage, bodily injury or property damage to third parties arising from your operation or completed operation. These claims can have high financial costs. This commercial insurance for painters protects your business and livelihood in the event of an insured peril. 

Commercial Property Insurance  

With this coverage, you are protecting your business property in case of loss, damage, or theft. Theft, in particular, is a significant concern. This property could include where you store your valuable tools, your supplies and anything else that you would need for your business. Those tools and supplies can be very useful and sometimes profitable to a thief, so making sure you have the correct commercial property insurance is essential.   

Errors and Omissions Insurance  

Have you ever been writing up an essential piece of paper after a long day's work? Did you put the right client details on the form? These things happen all the time. Scenarios such as sending details of a client to another client by accident could lead to a customer taking legal action against you. This is why you should have errors & omissions insurance coverage. E&O coverage will help you avoid paying out of pocket for what could be thousands of dollars in court and lawyer fees.   

Commercial Cyber Insurance  

We all use technology in some way to provide effective service in our business. Whether that's email, text, or just having a database of clients' personal information as a reference, those names and information are worth a lot to a cyber-criminal. With only one data breach, you could be left with many upset clients whose lives may be turned upside down because of your database. This is why you should have commercial cyber insurance to provide coverage in case of a cyber or privacy breach. Commercial cyber insurance protects you from the impact of a theft, breach or unauthorized disclosure of personal information from an electronic device.   

Tools & Equipment Insurance  

As you are aware, the tools of a professional painter are important and expensive. Ladders, professional paint brushes, cleaning supplies, and even paint itself may not appear to be much, but each one comes at a financial cost. You know this, and so do criminals. With so many tools left in business vehicles while a painter is working inside, this is a prime spot for those tools to get stolen. This is why a very important part of painters insurance is the specific tools & equipment coverage. Tools & equipment insurance covers loss or damage to your tools/equipment when they are not at the premises listed on your policy, such as at a customer's home.   

Other Types Of Insurance Available For Painters In Ontario  

• Installation Floater   
• Commercial Auto Insurance   
• Business Interruption Insurance   
• Pollution Liability Coverage   

Does My Painters Insurance Cover Sub-Contractors?  

No, your painters insurance will not automatically cover any sub-contractors. These individuals must provide their own coverage to ensure they are properly protected. AnoOther option is to purchase a coverage extension that would cover those subcontractors on your existing painters insurance policy. The team at Morison Insurance will be more than happy to add this coverage option when starting a painters insurance quote or adding to your already established painters insurance package.   

Am I Legally Obligated To Have Painters Insurance Iin Ontario?  

The simple answer is no. However, it would probably be in your best interest to have painter's insurance. Just because something isn't mandatory doesn't mean you should simply ignore it. Painters insurance is an investment in making sure your business is properly protected in the event of an insured peril. We all don't plan for mistakes and errors to happen, but having proper insurance behind you will benefit you and may save your business.   

How Much Does Painters Insurance Cost In Ontario?  

The answer to this is very tricky. There is no straightforward answer to how much a painters insurance will cost because there's no straightforward type of painter. Many factors will impact how much your specific painters insurance coverage will cost. Factors such as:   

• Number of employees   
• Years of experience   
• Location   
• Type of project (Residential/Commercial)   
• Tools & equipment   
• Annual and projected revenue   
• Much more   

What Factors Will Impact My Painters Insurance Rate?  

There are several different factors that could impact your painter's insurance rate. These can play different roles and impact your insurance rate in different ways. Some of those factors include:   

• Number of years of experience   
• Expected revenue   
• Past claims history   
• Size of the business   
• Past insurance coverages   
• Type of work being completed   

This is not a full list of factors so please speak to a Morison Insurance broker when starting a painters insurance quote to see which factors impact insurance for painters.  

What Information Do I Need To Get A Painters Insurance Quote?  

When starting a painters insurance quote, it's best to come prepared to answer any questions our Morison Insurance brokers may have. Our expert brokers will need to know a variety of aspects of the business and the business's specifics needs to build a complete set of coverage to ensure you and the business are protected. Some questions they may ask are:   

• Do you currently have insurance?   
• Have you been declined/cancelled or non-renewed in the past five years?   
• Have you had any insurance claims in the previous five years?   
• Are you full-time or part-time?   
• Do you have any subcontractors working for you?   
• Do you ask for proof of insurance from your subcontractors?   

When starting a painters insurance quote, our expert brokers will ask you many more questions, so make sure to have as much relevant information available as possible.   

What Paperwork Should I Prepare Will Be Needed For A Painters Insurance Quote?  

While the expert broker at Morison Insurance will have several questions to ask you when building the right painters insurance coverage, there will also be some necessary paperwork that should be available to make the quoting process easy. Some of that paperwork includes:   

• Yearly revenue estimates   
• Payroll estimates for the year   
• Any documents from previous insurance claims   

Where Can I Get A Painters Insurance Quote?  

Our team of expert insurance brokers are more than happy to help you create a painters insurance quote. Our family-owned and operated business understands that each insurance policy is different. We will provide excellent service to ensure that your business is properly protected. We work with many different insurance companies to shop your coverage around and find you the best coverage that fits your specific needs. Our goal is to ensure that your business is protected and free from any unnecessary risks.   

To learn more or to begin a painters insurance quote, call our team at 1-800-463-8074 or request an online quote today.  

This content is written by our Morison Insurance team. It is provided for general information only. Insurance needs differ from person to person, and this article is therefore not a substitute for professional advice about your individual insurance needs which can be obtained by speaking to one of our brokers.