What is Locksmiths’ General Liability?

A general liability policy for locksmiths is the go-to coverage for business owners when things go wrong on their premises or at job sites. This type of contractors’ insurance offers vital financial protection against the most commonly encountered business claims.

Why do I need it?

Business Protection – The key objective of locksmith business liability insurance is to provide companies with protection against lawsuits that arise due to:

• Liability from Accidents
• Liability from Contracts
• Liability from Products
• Liability from Workers

Company Compliance – Before commencing operations, business owners are typically required to provide a certificate of commercial liability coverage for locksmiths. This prerequisite is mandated by various state licensing boards and project owners to ensure compliance with standards and to provide proof of insurance for the business.

Marketing Benefits – General liability insurance for locksmith contractors is a powerful tool for businesses to demonstrate their commitment to operational and product accountability, setting them apart from competitors and substantially boosting their bid success rate.

Property Landlords – Evidence of sufficient general liability coverage for locksmith businesses is typically a prerequisite most commercial property managers impose to obtain a lease.

What does it Cover?

Liability insurance for locksmith companies plays a significant role in day-to-day business operations due to its provision of financial protection against third-party claims, which helps alleviate the impact of unexpected costs that can arise from everyday incidents such as:

• Bodily Injury
• Property Damage
• Products-Completed Operations
• Personal-Advertising Injury

What is a Certificate of Insurance?

Certificates of insurance are official records that confirm the existence and details of a locksmith business’s general liability policy, limits, and coverage.

What is an Additional Insured?

In contractors’ insurance, an additional insured refers to a person or entity, aside from the policyholder, who is extended coverage under a policy. This endorsement is a commonly requested inclusion in general liability policies for locksmiths.

How much is it?

When obtaining a general liability quote for locksmiths, the cost is determined by several factors, including the type of work performed, claims history, location, and prior or existing coverage.

Our specialists will liaise with leading insurance markets to find the most suitable coverage options that align with your business requirements and fit your budget.

What are my Payment Options?

When purchasing your locksmith general liability policy, our programs provide a range of payment options to choose from.

Full Payment Option – Pay the premium with one payment.
Direct Bill Option – Pay the monthly premium to the carrier directly.
Financing Option – Pay the monthly premium through a finance company.

What Makes Fairbanks Stand Out from the Competition?

Specializing in the construction industry, we offer focused expertise to potential clients seeking affordable business liability insurance for locksmith contractors.

Our partnerships with leading providers grant unrivaled access to fiercely competitive markets, resulting in the most cost-effective rates for residential and commercial risks.