26 May Insurance for Home Theatre Installation Companies
Insurance for Home Theatre Installation Companies
Home Theatre Installation Companies may seem low risk, but there are many exposures that should be properly protected with Insurance. This blog will explain the basic Insurance coverages you need to protect your Home Theatre Installation Company.
Insurance for Home Theatre Installation Companies – General Liability
Every Home Theatre Installation Company should carry some form of General Liability. General Liability is very affordable and can provide millions of dollars in coverage. There are several situations where having General Liability can protect your business. For example, if you are installing a television and damage your clients’ walls, floors, or other property, General Liability can provide coverage. Alternatively, if you complete work on a project and a month later your work causes a fire. These are the types of situations where having a General Liability policy can save your business.
Insurance for Home Theatre Installation Companies – Inland Marine / Business Personal Property
Inland Marine and Business Personal Property coverage are optional, but very useful coverages to have. Inland Marine covers your tools and equipment that travel with you to your jobsites. Business Personal Property is similar, but designed to cover the Business Property that stays in your main office. In addition, if you have any expensive tools or diagnostic equipment, you can specifically schedule them onto to the policy to assure you get the proper replacement cost. Again, these coverages are optional, but they should be considered especially considering they tend to be very affordable.
Insurance for Home Theatre Installation Companies – Business Auto
Most Home Theatre Installation Companies travel to various locations to perform their work. If you have designated business vehicles they should be Insured under a Business Auto, also referred to as a Commercial Auto policy. These policies are very important because you can often obtain higher limits of Insurance and fulfill contractual Insurance requirements with a Business Auto policy. in addition, many personal lines auto policies do not allow this type of business use for the vehicles.
If you would like to learn more about obtaining the right Insurance for your home Theatre Installation Company, give us a call at 925-297-4829.
All information is general in nature and is intended to provide guidance only. It is up to you to request specific coverage options, the agency and agent do not bear this responsibility. Always read the policy if there is a questions about coverage or a claim. If any information herein should conflict with your actual policy’s specific language, the policy language will be controlling.