Business Insurance for Screen Repair Businesses

Business insurance is designed to protect a business owner's financial assets and is an essential investment for a screen repair business.

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About General Liability Insurance

All businesses, regardless of industry, face risks that should be covered by insurance. The most common and comprehensive type of policy business owners invest in is general liability insurance (or CGL).

Some of the risks CGL insurance covers are:

  • Bodily injury
  • Property damage
  • Medical payments
  • Legal defense and judgment
  • Personal and advertising injury

While businesses aren't legally required to carry general liability insurance, operating without it is extremely risky. If your business is sued, you could end up facing fees totaling hundreds of thousands of dollars (or more). Having a sufficient CGL policy in place to help compensate for these damages is the only way to prevent this type of event from devastating your business.

Learn more about the risks covered by general liability insurance.


Example 1: You fail to see a client behind you while repairing a screen and knock him over as you back up. He breaks his arm and demands that you pay for his medical treatment. Your general liability insurance policy will likely pay for his treatment if you file a claim.

Example 2: A competing screen repair business has filed a libel lawsuit against your business. Your general liability insurance policy will cover the legal defense costs when you face libel accusations. It will also pay for your attorney and for a settlement if you need one.

Example 3: Your employee is rounding a corner when he runs into her and she falls down, breaking her tailbone. She sues your business for damages. Your general liability insurance policy will pay your legal defense fees, including the cost of hiring a lawyer.

Of course, this is not an exhaustive list of perils a general liability insurance policy will cover, and some conditions may result in a particular peril not being covered. It's always best to talk to your agent in-depth about the specifics of your policy to avoid blind spots in coverage.

Cost Of General Liability Insurance

On average, screen repair businesses in America spend between $350 - $900 per year for $1 million in general liability coverage.

Check out the chart below for a snapshot of average CGL expenditure across a variety of industries:

Graph showing average price of general liability insurance prices per industry

Several factors will determine the price of your policy. These include your:

  • Location
  • Deductible
  • Number of employees
  • Per-occurrence limit
  • General aggregate limit

You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner's policy (BOP) rather than as a standalone policy. A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

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Other Types Of Coverage Screen Repair Businesses Need

While general liability is the most important type of insurance to have, there are several other forms of coverage you should be aware of. Below are some other types of insurance all screen repair businesses should obtain:

Professional Liability Insurance

You do the best work you can when repairing screens. Yet you know that there is always the possibility that a customer could claim you made a mistake and sue you over that mistake. Professional liability insurance will pay for your legal costs in such circumstances. It will pay for your attorney and for a settlement if one is necessary.

Commercial Property Insurance

You have invested a lot of capital in the equipment, supplies, inventory, and other items you use to run your screen repair business. If you were to lose that property in an unexpected event like a fire, it would be difficult to replace. However, if you have commercial property insurance, you can file a claim and get help buying replacements.

Types Of Coverage Some Screen Repair Businesses May Need

In addition to the policies outlined above, there are a few other types of coverage your screen repair business may require depending on certain aspects of your operations. Some of these might not apply to you, so be sure to ask your agent which policies are right for your business.

Workers’ Compensation Insurance

If you have employees who work for you at your screen repair business, you are likely required by state law to carry workers’ comp insurance. Your policy will pay for treating injuries employees sustain performing their job-related duties. It will also help pay for their lost wages while they are away from work to recover.

Commercial Umbrella Insurance

An umbrella policy picks up where your general liability insurance policy leaves off. It will start paying when you exceed the limits of your general liability insurance policy—which can happen if you lose a big lawsuit. It will continue to pay the remaining damages until you reach the limits of the policy.

Additional Steps To Protect Your Business

Although it’s easy (and essential) to invest in business insurance, it should not be your frontline defense. Yes, insurance will compensate for your business’ financial losses after an incident occurs, but it’s much better to avoid losses altogether.

With this in mind, here are three things you can do to better protect your business:

  • Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
  • Set up a limited liability company (LLC) or corporation to protect your personal assets. (Visit our step-by-step guides to learn how to form an LLC or corporation in your state.)
  • Stay up to date with business licensing.
  • Streamline your business’ internal processes. This will remove unnecessary variables from common tasks and create a safe, consistent environment for conducting business.

Steps After Getting Business Insurance

Depending on where you are in your business building process, here are some other actions you may need to take before getting started:

Frequently Asked Questions

What is included in a business owner’s policy?

A typical business owner's policy includes general liability, business interruption, and property insurance. However, BOPs are often customizable, so your agent may recommend adding professional liability, commercial auto, or other types of coverage to your package depending on your company's needs.

What is the difference between business insurance and general liability insurance?

"Business insurance" is a generic term used to describe many different types of coverage a business may need. General liability insurance, on the other hand, is a specific type of coverage that business owners need to protect their assets.

Do I need insurance before I start a business?

You should invest in coverage for your business before your first interaction with a customer. Although the cost of insurance may seem high for a brand new business, it's best to be proactive when it comes to protecting your assets. After all, you can't buy insurance to cover a loss that has already occurred.

Will insurance protect my business from everything?

Not necessarily. Certain exceptions may be written directly into your policy, and some perils may be entirely uninsurable. Be sure to discuss the scope of your policy in-depth with your agent to avoid being blindsided by holes in your coverage.

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