Tile and Flooring Contractor Business Insurance

If you're a tile or flooring contractor, you may know that your job comes with some unique risks. From accidental damage at a customer's home to a sudden fender bender while driving to your next site, incidents may happen that can affect your business. That’s why having affordable and personalized insurance for flooring contractors may be crucial for you.

If you’re unfamiliar with flooring contractor insurance, business insurance, or commercial auto insurance, we’ll break these topics down to help you understand why these coverages can be helpful. By purchasing insurance that’s right for you and your business, you may be able to better navigate certain situations and accidents.  

Who needs flooring and tile contractor insurance?

Typically, when we refer to flooring contractor insurance, we’re discussing insurance that relates to flooring contractors. There isn’t an actual flooring contractor insurance policy, but in this article, we’ll help define business insurance and how it may relate to your flooring operations.  

If your business involves installing flooring, you may want coverage that can help pay for certain damages. Depending on your policy, business insurance may prevent financial losses after third-party liability claims. Here are some flooring contractor jobs that may benefit from business insurance:  

• Independent tile installers who may work solo or run small businesses
• Flooring contractors who work with expensive materials like hardwood or tile
• Subcontractors hired by general contractors for installation projects may want business insurance
• Installation crews that use work vehicles daily may want insurance that can help cover their vehicles  

What coverage does a floor installation business need?

While every business is different, there are two main types of insurance that tile and flooring contractors may want to consider:

• Commercial general liability (CGL): A CGL policy can help pay for certain expenses when your business causes damage or injuries to a third party. If your business is sued, CGL may also cover costs like attorney fees and settlements.  
• Commercial auto insurance: Depending on your policy, commercial auto insurance can help pay for covered accidents involving your work vehicle, like damaging a third party’s property. Most states require drivers to have a certain level of liability coverage on their auto insurance policy, which can help pay for damages or injuries you cause to a third party.  

If you drive a work-related vehicle, you may want to consider additional coverages like collision coverage or comprehensive coverage. Collision coverage can help pay for damages to your own vehicle from an accident, regardless of fault. Comprehensive coverage, on the other hand, may help cover damages from non-collision incidents, like theft, vandalism, or severe weather.  

Why do I need business insurance?

Accidents may happen, even to the pros. Here are a few examples of situations where CGL coverage and commercial auto insurance may be helpful for you: 

• A customer trips over your tools and injures themselves  
• You accidentally damage a client’s property while moving materials
• Your work vehicle hits another car, and you cause damage to it

Without coverage, damage that you or your business causes to a third party may cost thousands out of pocket. This is why having the right business insurance policy for you may help prevent financial issues after a covered accident.  

How much does insurance for tile and flooring contractors cost?

Business insurance costs typically depend on a variety of factors. These may include:

• The size of your business and number of employees
• The type of services you offer
• The location of your business and job sites
• Whether you operate commercial vehicles
• Your claims history