Graffiti Removal Business Insurance
Getting insurance for your graffiti removal business is essential.
Graffiti removal businesses need to be protected against things like claims of personal injury, property damage, and violations of environmental regulations.
For example, a client’s property is damaged during the process of removing graffiti, or an employee becomes injured while performing a removal job.
We’ll help you find the most personalized and affordable coverage for your unique business.
Recommended: Next Insurance is dedicated to matching small businesses with the right policy at the best price.
Best Insurance for a Graffiti Removal Business
General liability insurance is — generally speaking — one of the most important insurance policies for graffiti removal businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Even so, your graffiti removal business might also benefit from other types of policies. Additional coverage policies that can often be important for trucking companies include:
- Commercial property coverage: Provides help to replace or repair your graffiti removal business’s assets (e.g., supplies and equipment) if they are damaged in events like natural disasters, fires, or thefts.
- Workers’ compensation insurance: Graffiti removal involves significant physical labor and some toxic chemicals. This policy covers the medical expenses of employees who are injured or fall ill at work.
- Commercial auto insurance: Provides coverage to your business vehicles in the event they are involved in an accident, theft, or simply damaged.
- Commercial umbrella insurance: Shields your business from the financial losses of large lawsuits that potentially exceed the limits of the aforementioned policies.
The insurance providers you can purchase the above policies from are commonly divided into two broad categories:
- Traditional brick-and-mortar insurers: Such as Nationwide and The Hartford.
- Online insurers: Such as Tivly and Next.
Online insurers are typically the preference for small or new businesses as they offer excellent coverage at budget prices.
Find the Right Policy at the Best Rate
We’ve reviewed and tested the major business insurance providers. Let us help you find the best match for your business.
Cost of General Liability Insurance
On average, graffiti removal businesses in America spend between $500 - $1,500 per year for $1 million in general liability coverage.
Compare the average cost of general liability insurance for a graffiti removal business to other professional industries using the graph below:
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.
Start an Online Quote for Insurance
Finding the most affordable premium starts with getting accurate quotes from highly rated providers.
Common Situations That General Liability Insurance May Cover for a Graffiti Removal Business
Example 1: While visiting your office, a potential commercial client slips on a wet tile in the lobby, hits her head as she falls, and sustains a concussion. She decides to sue your business for not marking the wet floor. General liability insurance would cover your legal defense costs and any required settlement.
Example 2: A competitor sues your business for libel. While you don’t believe you did anything wrong, you know you need a lawyer to protect your business. General liability insurance would cover the cost of hiring a lawyer as well as any required settlement.
Example 3: As you accept an equipment order, your loading dock door malfunctions and crashes into the delivery vehicle. Given the extensive damage to his van, the driver asks you to pay for the repairs. General liability insurance would cover the vehicle repair costs.
Check out our review of the Best Small Business Insurance Companies.
Other Types of Coverage Graffiti Removal 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 graffiti removal businesses should obtain:
Commercial Property Insurance
You made a major investment in the equipment and supplies needed to run your graffiti removal business. In the event of a fire, theft, or natural disaster, commercial property insurance would cover the cost of repairing or replacing your business-related property. This includes structural damage to your building and the business materials stored there.
Workers’ Compensation Insurance
If you have any employees, most states will require you to carry workers’ compensation insurance for both part-time and full-time workers. This coverage protects your employees if they become injured at work or fall ill after a work-related accident. It not only covers an employee’s medical bills and lost wages if they need time to recover, but also any disability or death benefits stemming from a workplace accident.
Commercial Auto Insurance
Any vehicle you use primarily for business requires commercial auto insurance to protect the vehicle, driver, and others on the road in the event of an accident. Be sure to select a policy that covers not only accident-related vehicle repair costs and medical treatment for anyone injured, but also sufficient protection for any business materials you carry in your vehicle.
Commercial Umbrella Insurance
While your general liability insurance policy covers most claims, some accidents or lawsuits may be so catastrophic that they threaten to exhaust the limits of your primary coverage. Commercial umbrella insurance protects you from paying out-of-pocket for any legal fees and awarded damages that exceed your primary policy.
Additional Steps To Protect Your Business
Although it’s easy (and essential) to invest in business insurance, it shouldn’t be your only defense.
Here are several things you can do to better protect your graffiti removal business:
- Use legally robust contracts and other business documents. (We offer free templates for some of the most common legal forms.)
- Set up an 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.
- Maintain your corporate veil.
Business Insurance Is the Best Way to Protect Your Business
If you're starting a new business, then you need business insurance. It's as simple as that. The protection offered by an LLC will protect your personal assets, but your business's assets are still open to liability in the case of a lawsuit or other loss.
Be sure that everything you've built is safe by getting business insurance.
Graffiti Removal Business Insurance FAQ
Can I buy business insurance online for my graffiti removal business?
Yes, absolutely. You will need to first get a quote from an online business insurance provider like Next Insurance. Next allows you to then purchase a policy immediately and your coverage will be active within 48 hours.
What is included in a business owner’s policy?
A typical business owner’s policy includes general liability, business interruption, and commercial 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 graffiti removal business?
Yes. Since your graffiti removal business will face risks from its first day and business insurance is a preventative measure, it is necessary your business obtains it in advance.
However, in some cases, this is more than a suggestion, as your business may be expected by law to obtain certain specific policies (e.g., workers’ compensation and commercial auto insurance).
Will insurance protect my graffiti removal business from everything?
Not necessarily. Certain exceptions may be written directly into your graffiti removal business insurance policy, and some perils may be entirely uninsurable.
Do I need business insurance if I already have an LLC?
Yes, an LLC is meant to create a legal barrier between your business and your personal assets and credit. If you haven’t formed an LLC yet, use our Form an LLC guide to get started.
An LLC doesn’t protect your business assets from lawsuits and liability– that’s where business insurance comes in. Business insurance helps protect your business from liability and risk.