Fire Suppression Contractors Frequently Asked Questions
There are multiple policies needed to effectively protect your fire suppression business. Here is a summary of what buying the right insurance could protect you from:
- Damages resulting from errors/omissions
- Workers Compensation
- Property, including the building and equipment
- Umbrella and Excess liability
- Commercial Auto
While it is not required, it's necessary. E&O insurance will protect you for professional mistakes that are made by your company. It is designed to protect you from lawsuits that arise due to claims of negligence, particularly if there were financial losses caused by your action or inaction.
You may considering getting into a contract for a job, that requires you to have it. Therefore, it's best to always send contracts you are considering to your insurance agent to review prior to signing.
Many things can impact the premium. Here are the most common:
- Gross sales
- # of Employees
- Claims history
- Services offered by you
- Contractual requirements