How Much Does Insurance Cost For a Pressure Washing Business

Securing insurance for pressure washing is a vital step for pressure-washing companies.

Business insurance is crucial as it safeguards against professional errors and property harm.

Consider this scenario: if you accidentally damage a customer’s property with your pressure washer, you might incur legal expenses, even if you are not deemed responsible.

Rest assured, we are here to assist you in locating the most tailored and cost-effective coverage for your specific business needs.

Insurance cost for a Pressure Washing Business
Insurance costs for pressure washing businesses vary based on work type, location, staff size, and other factors: Photo source (Reddit)

In the realm of insurance policies for pressure washer businesses, general liability insurance stands out as one of the most crucial.

This type of insurance offers coverage for various risks, such as bodily injury, property damage, medical payments, legal defense, and personal/advertising injury.

While general liability insurance provides extensive protection, it’s essential to note that certain risks might fall outside its scope.

To address these potential gaps, it is prudent to consider additional policies to mitigate these risks effectively:

  1. Commercial Auto Insurance: For company vehicles, a commercial auto insurance policy is necessary. Standard auto insurance won’t cover accidents involving you or your employees while on the job.
  2. Professional Liability Insurance: This insurance type safeguards against allegations of professional negligence or inadequate advice or service. In the event of a lawsuit, it covers legal fees and damages.
  3. Workers’ Compensation Insurance: If an employee falls ill or sustains an injury due to work-related tasks, this insurance covers their medical expenses and related costs.

Understanding and combining these policies can create a comprehensive safety net for your pressure washing business, ensuring you are adequately protected against a range of potential risks and liabilities.

Pressure Washing Insurance Cost

Pressure washing businesses in the US typically pay $500-$1,500 annually for $1 million in general liability coverage.

Check the graph below to compare these costs with other professional industries.

Several factors will determine the price of your policy.

These include your:

Location
Deductible
Number of employees
Per-occurrence limit
General aggregate limit
You may be able to acquire general liability insurance at a discounted rate by purchasing it as part of a business owner’s policy (BOP) rather than as a standalone policy.

A BOP is a more comprehensive solution that includes multiple forms of coverage, such as business interruption and property insurance.

Other Types of Coverage Pressure Washing Businesses Need

Although general liability insurance is crucial, there are other essential coverage options to consider.

Here are some common types:

Commercial Property Insurance is vital for pressure washing businesses, protecting specialized equipment and owned real estate from fire, storms, vandalism, and more.

It covers crucial items like washer units, spray nozzles, and motor components, ensuring costly repairs or replacements are taken care of.

Additionally, this insurance extends to storage centers and essential supplies.

Commercial Auto Insurance is essential for transporting equipment via trucks or vans.

It covers damages to vehicles, including standard cars, trucks, or trailers, ensuring business productivity is maintained.

Workers’ Compensation Insurance becomes crucial as your business grows, covering employees in case of mishaps, injuries, or medical needs arising from their work.

This policy is essential, even if you trust your employees, ensuring everyone’s well-being.

Crime Insurance safeguards against theft and dishonesty by employees, covering losses incurred due to stolen equipment, property damage, or financial theft within the company.

It offers necessary protection against potential internal risks.

Additional Steps To Protect Your Business

While getting business insurance is crucial, it shouldn’t be your sole protection.

Enhance your pressure washing business’s safety with these steps:

  1. Utilize strong contracts and legal documents. Free templates are available for common forms.
  2. Establish an LLC or corporation to safeguard personal assets. Follow step-by-step guides for formation in your state.
  3. Stay current with business licenses.
  4. Maintain your corporate veil for added protection.

FAQ

Can I buy business insurance online for my pressure washing business?

Yes, you can purchase insurance online through providers like Next Insurance.

Obtain a quote, buy a policy, and get coverage within 48 hours.

What’s included in a business owner’s policy (BOP)?

A typical BOP includes general liability, business interruption, and commercial property insurance.

It’s customizable, allowing you to add professional liability, commercial auto, or other coverage based on your needs.

What’s the difference between business insurance and general liability insurance?

Business insurance” encompasses various coverage types, while general liability insurance specifically protects assets from specific risks.

Do I need insurance before starting a pressure washing business?

Yes, it’s essential due to risks involved. Lack of insurance could lead to legal issues, especially if mandatory policies like workers’ compensation are neglected.

Will insurance cover everything for my pressure washing business?

Not necessarily. Policies may have exceptions, and some risks might be uninsurable.

Do I need business insurance if I have an LLC?

Yes, an LLC provides legal separation, but business insurance protects from liability and risk, ensuring comprehensive coverage.

How much does pressure washing insurance cost?

Cost varies based on business size, services, location, and claims history.

Proper coverage is crucial, as inadequate insurance can lead to significant costs in the long run.

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