Low voltage system contractors are primarily made up of low voltage (carbon fiber) cable installers that typically work from a ladder and/or on the rooftop of a home or business. In many cases, they will also have to drill or bore holes if cable is to be installed to or from a pole. All of this contributes to the risk of job-related injuries or property damage in their day to day activities. When your business has the proper insurance in place, you will have peace of mind in knowing that when something goes wrong, you, your employees, and your customers will be financially protected. The insurance professionals at Fairbanks Insurance Brokers recommend carrying general liability, workers’ compensation, equipment coverage, commercial auto insurance, and a surety bond.
To cover the many hazards presented at the job site, low voltage contractors should make certain to have a commercial liability policy in place for the financial protection needed if you are responsible for personal injuries or property damage. Most state licensing authorities will require this coverage before issuing a license to conduct business.
Your workers’ compensation insurance will protect your business and your employees should they become injured on the job or come down with a work-related illness. Having this coverage will satisfy your state’s requirement in order to become licensed to operate. Accidents are likely to happen, and your workers’ compensation will be available to pay for medical expenses and lost wages.
If your state requires a license to operate a satellite dish installation business, they will usually require a surety bond before they will issue a license. The bond will serve as a financial guarantee for the licensing authority and your customers.
Since a personal auto policy typically excludes coverage for a business auto, a commercial auto policy will be needed to cover your business vehicles for liability if you or an insured driver are found liable for an at-fault accident. Your vehicles will also be covered for damage from events other than an accident, such as theft or vandalism.
The low voltage contractor is going to need various tools and equipment while working at the job site. Making sure this valuable equipment is covered in the event of damage or loss is the best way to protect your business from the cost of replacing this equipment. Your coverage will provide coverage while your tools and equipment are at the job site, in transit, or in storage.