Insurance for Carpenters & Woodworkers

Working as a carpenter requires both time and skill. Even though building homes, cabinets, etc. can be rewarding, accidents and mistakes can happen. Mistakes during installations or injuries resulting from unintentional inadequate work can lead to costly financial repercussions. Regardless of whether you are a one-man crew or have a team of carpenters, having appropriate insurance is necessary to help protect you and your business.

Requesting Insurance Quotes for Carpenters

At Cross Insurance, we work with many insurance carriers, from local companies to top national names, providing our customers a variety of options. You can find a local office near you by going to our office locations page here, or request a quote from us online.

What Other Trades Need Insurance?

Every type of business should have a robust commercial insurance program, including but not limited to the following trades: Carpenters
Contractors
HVAC Technicians
Electricians
Plumbers
Landscapers
Appliance Technician
Welders
Masons
Debris & Snow Removal
And More

How Much Could Insurance Cost?

How much your business could pay per year to cover insurance costs depends on a variety of factors. Some of the factors include, but are not limited to:

The type of work that you perform.
Where your business is located.
How many employees your business has.
The value of your equipment.
The types of coverage along with the limits that you have chosen.

Reach out to your local office to request a quote to get a more accurate depiction of what you might pay.

Common Insurance Coverages for Carpenters

There are various different insurance coverages that every carpenter should consider, including without limitation:

General Liability – This insurance can help your business with claims regarding third-party injuries and property damage caused by the negligence of you, your company or your employees in connection with your business.

Commercial Property – Commercial property insurance can help protect your business against certain types of physical damage to your workshop or other facilities, along with the tools and other contents within. The following are some of the assets commercial property can help insure:

Your building
The equipment and tools inside your building such as hammers, saws, drills, toolboxes, and more
Outdoor signage, banners, and other materials
Certain landscaping components

Professional Liability/Errors & Omissions – Professional liability, also known as errors and omissions insurance, can help protect your business against claims of professional negligence or errors that result in financial loss to a client.

Workers’ Compensation – If your business has at least one employee, workers’ compensation may be legally required. As a carpenter you know accidents happen, and worker’s comp insurance can help cover medical bills for employees who are injured or become ill because of work related events.

Inland Marine Insurance – Inland Marine insurance can cover equipment and materials that are transported over land, such as to and from job sites.

Commercial Umbrella – This type of insurance adds an additional layer of liability protection after the limits of your other liability policies have been reached.

Equipment Coverage – Tools, equipment, and other technology used by carpenters are all a necessity, all of which can be costly. Equipment coverage can help provide funds for stolen, missing, or damaged equipment in the event of a covered claim.

Commercial Auto – Carpenters with businesses, both big or small, need vehicles that can carry equipment, tools, and materials to and from jobsites, making commercial auto an insurance coverage to consider.

Recap

Carpenters, along with other businesses in the trades, such as electricians, masons, welders, etc., should consider coverages such as general liability, workers’ comp, professional liability, and others. Connect with a local insurance agent to discuss the unique features of your business and to request a quote today. If you prefer to call an office directly, you can find a list of our office locations here.

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This article is for general informational purposes only and is not to be relied upon or used for any particular purpose. Cross Insurance shall not be held responsible in any way for, and specifically disclaims any liability arising out of or in any way connected to, reliance on or use of any of the information contained in this article. The information contained or referenced in this article is not intended to constitute and should not be considered legal, insurance, accounting or other professional advice, nor shall it serve as a substitute for the recipient obtaining such advice. The views expressed in this article are that of its author and do not necessarily represent the views of Cross Financial Corp. and its subsidiaries and affiliates (“Cross Insurance”) or Cross Insurance’s management or shareholders.