Window Installation and Repair Business Insurance
Getting insurance for your window installation and repair business is essential.
Window installation and repair businesses need to be protected from things like personal injury claims, both in relation to employees and clients.
You will also want to protect yourself against property damage claims that could arise as a result of negligent installations or repairs.
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 Window Installation and Repair Business
General liability insurance is — generally speaking — one of the most important insurance policies for window installation and repair businesses.
Some of the risks general liability insurance covers are:
- Bodily injury
- Property damage
- Medical payments
- Legal defense and judgment
- Personal and advertising injury
Having said that, business owners may need to purchase additional coverage in order to fully protect their assets, depending on their asset portfolio and employee structure. Additional policies that are worth considering include:
- Workers’ compensation: Can protect you from liability that arises as a result of an employee getting injured or ill.
- Loss of income: This type of policy can reimburse income that is lost as a result of you having to seize operations due to a covered risk.
- Commercial auto: If you purchase or lease a vehicle that will be used exclusively for business (e.g., to drive to customers’ homes, transport equipment, etc.), you will need to purchase this type of coverage.
In order to purchase the best business insurance for your business, you will need to pick an insurance provider.
This can be a traditional brick-and-mortar insurer (e.g., The Hartford), or an AI-based online insurer that offers automatic and personalized quotes without needing an insurance agent.
Generally speaking, the second option can be faster and more affordable while still being tailored to your business’s specificities due to the lower overhead involved.
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Cost of General Liability Insurance
On average, window installation 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 window installation and repair 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.
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Common Situations That General Liability Insurance May Cover for a Window Installation and Repair Business
Example 1: A window isn’t installed properly, causing $45,000 in damages to the client’s home. General liability insurance would cover your legal fees and any damages if a court finds your business at fault.
Example 2: While visiting your warehouse, a client trips on an electrical cord and injures himself. He decides to sue for $60,000, claiming he had extensive medical bills and could not work for several months. General liability insurance would cover your legal fees and any damages awarded by the court.
Example 3: In a social media post, your marketing director suggests that local competitors have a reputation for installing windows improperly. Two rivals sue your company, claiming lost business because of that post. General liability insurance would cover your legal fees and any resulting payouts.
Other Types of Coverage Window Installation and 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 of the most common types of coverage:
Commercial Auto Insurance
Because you travel to and from job sites in a company vehicle, the state may require you to carry a commercial auto insurance policy. This coverage protects the vehicle, driver, and others on the road in the event of an accident.
While each state requires a certain level of insurance for vehicles on public roads, the minimum requirement only offers basic protection. As such, consider purchasing limits greater than those required by state law.
You can purchase commercial auto insurance as a standalone policy or as part of a business owners’ policy (BOP).
Commercial Umbrella Insurance
Because of the services you offer, your business faces a sizable risk of lawsuits from property damage and bodily injury. While your general liability policy covers most claims, some lawsuits may be so expensive 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.
Workers’ Compensation Insurance
Most states require businesses to carry workers’ compensation insurance for their part-time and full-time employees. 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 benefits stemming from a work-related accident.
While your state may allow exemptions for business owners, consider including yourself in your workers’ compensation policy if you engage in the daily operation of the business.
You can typically purchase workers’ compensation insurance as a standalone policy.
Commercial Property Insurance
If you own the building in which you operate, you need commercial property insurance to cover your building and the business property stored there in the event of a fire, burglary, or natural disaster. If you store a large amount of merchandise on the premises, be sure your policy covers the full replacement cost of your items.
You can typically purchase this coverage as part of a business owner’s policy (BOP).
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 window installation and repair 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.
Window Installation and Repair Business Insurance FAQ
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.
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.
"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.
Most likely, yes.
This is because you may be legally required to purchase some forms of business insurance if you hire employees or purchase a company vehicle to use exclusively for business.
Even if this is not the case, getting the right coverage before you start can end up saving you money in the long run.
Not necessarily. Certain exceptions may be written directly into your window installation and repair business insurance policy, and some perils may be entirely uninsurable.
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.