Every painter should carry General Liability insurance with not less than $1 million in coverage. This insurance protects the homeowner from damage done by the painter, e.g. 5 gallons of white latex is spilled on your new roof or a ladder crashes onto your convertible.
Do painters need professional liability?
General Liability: This is basic business liability protection for painters and it’s often required by employers before you can work for them. It can cover instances of bodily injury and property damage for which you or your business are found legally liable.
Are painters insured?
Painter insurance requirements
Painters are almost always required to have insurance due to the risk of injury and property damage. You might need insurance to: Get a painter license in your state. … Clients might ask you to have active insurance — usually general liability or workers’ compensation.
What insurance do I need to work as a contractor?
For most contractors the most important form of cover will be public liability insurance, which will protect you in the event that you cause property damage or personal injury to another person. In some cases insurance will be optional, but depending on your occupation you may find that it is mandatory.
Do painters need to be bonded and insured?
Every licensed painter is required to be bonded. The bond is basically an agreement that binds the contractor to cover the losses incurred by a property owner if the project does not complete according to the contract specification.
How much is insurance for a paint company?
From sign painting to paperhanging and house painting, painters pay a median premium of about $50 per month, or $600 per year, for general liability insurance. This policy offers protection against third-party injuries, third-party property damage, and advertising injuries.