What insurance does an exterminator business need?
Does it figuring out insurance bug you? Keeping homes, restaurants, and retail offices pest-free comes with risks. And our experts can find you the right coverage at the best price for each risk– at no extra cost.
We can help with liability, commercial auto, property, and even workers’ comp. Whatever the risks you face, we’ve got you covered.
Exterminator liability insurance mainly protects you against third-party bodily injury and property damage. It’s good to have when you do work on other people’s properties.
General liability insurance will cover medical costs in the event that someone (like a client) is injured as a result of your operations. It also covers you from things like property from damage.
- A client trips over a piece of your equipment and fractures their wrist. Your policy would help pay for the medical treatment.
- Let’s say you’re working at an office building and your sprayer damages your client’s fine rug. Your policy would cover the replacement or repair costs.
Liability insurance can also cover things like copyright infringement, advertising injury, libel, and slander. For example, you would be covered if you write or say something about a client that makes them come after you.
Learn more about general liability insurance
Workers’ comp protects you (and your employees) from the physical risks you face each day on the job.
If you get hurt or sick on the job you could be expected to pay for all the losses out of pocket. Alternatively, a workers’ comp policy will pay for all the related medical bills.
Workers’ comp claims examples:
- Sprained ankles
- Repetitive motion injuries (like carpal tunnel)
- Getting sick from inhaling chemicals
If an employee gets hurt while working, they’ll hold you liable and may sue. Instead, workers’ comp would pay for things like medical bills, court costs, lawyers fees, and settlements. And, in extreme cases, funeral expenses will be taken care of in the event that an employee dies in a workplace accident.
It also covers lost wages if you or an employee needs time off work to recover. This is a huge benefit. Imagine not being able to return to work for weeks and worrying about the loss of income. Workers’ comp lets you recover with a peace of mind knowing that you can pay your bills. (Especially if you have a family.)
Lastly, it covers negligence and claims of an unsafe work environment.
Minimum Premium Workers’ Comp
If you work for yourself and have no employees, you may be eligible for the cheapest workers’ comp options on the market.
Workers’ comp can cover a one-person business with no employees. Because workers’ comp rates are dictated by payroll, all you have to pay is the baseline rate set by your state, without the additional costs associated with added payroll.
Exterminator Auto Coverage
You’ll need to cover cars or vehicles owned by your business. Just like you, your employees, and your clients– vehicles need protection too.
Business auto insurance protects your ride when you’re using it for work-related purposes. Whether you’re heading to grab lunch with a client, running to the bank, or picking up materials from the hardware store. If you get in an accident while driving on the job, you’ll have to pay for damages out of pocket unless you have commercial auto insurance. Your personal auto policy does not cover work related accidents.
Also– if you borrow, rent, or hire vehicles for work, your commercial auto insurance will not cover them. You would need hired and non-owned auto insurance. Hired and non-owned auto insurance can also cover your personal vehicle when you use it for work related purposes. Additionally, it’ll cover staff who use personal cars on behalf of your business.
Business property insurance covers your tools and equipment.
- Your Building or Leased Space: Protection for the building you own or lease.
- Building Contents: Protection for supplies, equipment, tools, inventory, and furniture– from things like damage, theft, or natural disasters.
- Business Income: If there’s a disruption, you may be covered for expenses needed to continue business– such as like net income, payroll costs, or even temporary business relocation.
Commercial property insurance covers things at your business premises only. You may also consider inland marine insurance because it protects your business items while in transit.
Exterminator Insurance Costs
Liability Insurance Cost
Many exterminators pay around $550/year for a general liability insurance policy with a limit of $1 million per occurrence. But the exact price depends on the risks your business faces and the amount of coverage you want. Things like policy limits, size of business, years in business, number of employees, and location all affect the price of business insurance.
Want to save? Consider a business owners’ policy, or BOP. It combines general liability and commercial property insurance into one bundle at a cheaper price.
Learn more about the cost of business insurance.
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