Flooring Business Insurance

Business insurance costs for flooring installers mostly depend on what your business is like: what kind of jobs you do, how many employees you have, how much revenue you make and so on. At Foxquilt, we don’t believe in throwing the kitchen sink at your insurance policy just to make an extra buck. Giving you a customized insurance policy means you pay for only the coverages you need to be fully protected - nothing more, nothing less.

It is typically recommended for contractors like flooring installers to have insurance because: - Business insurance protects you during the unexpected, like someone stealing your tools out of your work truck or accidentally getting injured at work. Having insurance means you won’t have to pay for damages or medical fees out-of-pocket; this is especially important if you’re a new business owner with limited cash flow. - Mistakes aside, insurance can also help cover the legal fees to defend your business for alleged claims. - As a contractor and especially as your business grows, it’s inevitable that someone will eventually require proof of insurance from you to secure a job, contract or license.

Subcontractors are typically required to carry their own insurance too, yes. Your insurance policy may not cover other contractors so subcontractors often need their own coverage to protect their work and business.