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Business Insurance

Carpenter Insurance

The process of constructing, installing, and repairing structures comes with an inherent risk. Whether you’re an independent carpenter or own your carpentry business, you’ll always require protection. Starting as low as $18.15/month, APOLLO Insurance is here to ensure you can complete your project with peace of mind.

Though carpenters are skilled, that doesn’t make them immune to risk.

Clients seek out your talents for various kinds of projects. Whether it be a minor repair or large-scale home renovation, there are many benefits to hiring your type of service, especially if a client wants the job done right. Still, regardless of your experience, there is no guarantee everything will go as planned. Whether you fail to miss a project deadline or accidentally damage a client’s property, no matter the size of your carpentry business, you’ll require a strong insurance policy to remain financially secure.

Like most construction industry professions, there are inherent risks associated with the projects you take on. Every day you are required to work with machinery, sharp tools, and chemicals to provide your services, and at times you may even be exposed to extreme weather conditions. Though you may follow all the necessary health and safety protocols, accidents can happen, and when they do, the consequence will be paying for medical fees. However, if you were to possess insurance, then these expenses would automatically be covered.

To preserve your finances and ensure your business’s longevity, you will need protection against your industry’s risks. That is why purchasing a carpenter insurance policy is imperative, as it provides you with lasting coverage in any situation for the foreseeable future.

Why do carpenters need insurance?

Clients entrust carpenters with their property and expect that they will meet the agreed-upon terms of their drafted contract. By signing an agreement, a carpenter automatically becomes liable for any issues that arise during a job. Still, without adequate coverage, these terms pose a threat to both the carpenter and their business financially.

To legally work, most places of residence typically require carpenters to possess general liability insurance. Though mandatory, carpenters must obtain a solid insurance policy that will permit them to work and absorb the cost of any additional medical or legal expenses incurred due to third-party claims. Depending on the client, carpenters may also be asked to show proof of a professional liability insurance policy to ensure they can provide compensation if an error were to occur.

A carpenter may be responsible for any onsite damage or loss caused to a client’s property, regardless of who or what caused the accident. Depending on the extent of repairs, this situation can be costly and could potentially be financially draining. In this kind of situation, possessing appropriate insurance is imperative to the survival and future success of a carpenter’s business.

What types of risks do I face as a carpenter?

Although the details of a project are outlined within a carpenter agreement, that doesn’t guarantee that mistakes won’t occur. If a client were to allege that you or one of your third-party affiliates failed to meet the set expectations, then they may feel obligated to file a lawsuit. Without insurance, this process is costly, and you will be required to pay any legal, defense, or compensation fees associated with the case.

Depending on where your business is located, it is important to be aware of the health and safety protocols that carpenters are required to follow. However, regardless of precautions taken, accidents can still happen. Whether your employee cut themselves or fire were to occur on-site, as the project lead, you will always be held financially liable and forced to pay the sum of damages, regardless of fault.

Depending on the extent of your project, if the site is not secured correctly, you may also be susceptible to theft and vandalism. You will be held responsible for any damages or losses that occur in these kinds of situations, and crimes as such could potentially impact the completion of your project and set you back financially. In the end, this would result in unhappy clients and undoubtedly affect your ability to make a profit.