Drywall professionals in Vermont can have a profitable career thanks to their skilled trade, but the work they do comes with certain liability and property risks. Drywall contractor insurance can help protect these professionals from many of the risks that they face.
Drywall contractor insurance is a specific type of commercial insurance that’s designed for drywall professionals and their businesses. To provide the protections that these professional need, most drywall contractor policies are package policies that have multiple coverages within them.
The majority of drywall professionals who offer installation or plaster repair services should consider carrying drywall business insurance. Professionals who don’t have insurance in place are often exposed to unnecessary risks, and this is generally the best type of insurance for these professionals.
In addition to drywall specialists, other Vermont businesses that work with drywall or plaster may also want the protections that drywall business insurance offers. For example, soundproofing, lathing and firestop specialists might need some of the same protections. These businesses frequently also need other protections, however, so they may need a broader policy that provides drywall business coverages as well as other coverages.
Any business that’s not sure whether a drywall business policy or other policy is more appropriate for their situation should speak with a specialized insurance agent. An agent who focuses on drywall policies will be able to recommend either this or some other policy, depending on a business’ particular risk exposure and coverage needs.
As mentioned, most drywall business insurance policies come with multiple coverages. Many of these are either property coverages that safeguard assets or liability coverages that guard against potential lawsuits.
Some common property protections that a drywall business policy may offer are:
Some common liability protections that a drywall business policy may offer include:
Our business was with the same trusted agent for over 20 years. Mike Bancroft offered to evaluate our policies and see if he could save us some money on both Workmen's Comp and general liability. He did, and in the process even moved us to better coverage. Mike also offers a superb quality of service. Cannot recommend highly enough.
Mike Bancroft has been great to work with. He has assisted with my Business Auto, Tool Coverage, Homeowners and all other types of insurance needs. I wouldn't be surprised if they change their name to Paige, Campbell & Bancroft soon!
Extremely prompt, personable, and professional service! Despite only needing a workers' comp policy for one employee, Paige & Campbell was very receptive and ensured to shop my policy around to ensure I received a great price that was almost half of what another broker quoted me.
Builders risk coverage usually protects tools that are kept on a job site while work is ongoing. Should tools be stolen from a job site, this coverage may pay to replace them. While this is a risk that many drywall professionals must consider, whether they need to carry this coverage depends on their situation:
Drywall professionals who only do small jobs may not need builders risk coverage if they never leave tools at a job site. Additionally, those who work for general contractors frequently don’t need the coverage. Most general contractors already have builders risk coverage in their policy, and the coverage usually extends to any drywall professionals that general contractors hire.
Drywall professionals who perform larger jobs on their own might want to carry builders risk coverage if they leave tools at job sites regularly. This coverage can often be added to a drywall business policy.
In all of these situations, drywall professionals should consult a knowledgeable insurance agent if they’re unsure whether this coverage makes sense. While the above guidelines generally hold true, every situation should be analyzed in light of the specific protections that applicable insurance policies provide.
For help finding drywall contractor insurance in Vermont, contact the independent insurance agents of Paige & Campbell Insurance. Our agents can show you policy options from multiple insurance companies in the state, and they have the expertise necessary to help you select the best option from what’s available.
Barre
P.O. Box 469
297 North Main Street
Barre, VT 05641
(802) 476-6631
Bradford
P.O. Box 392
25 North Main Street
Bradford, VT
(802) 222-5222
Waitsfield
5197 Main Street, Suite 3
Waitsfield, VT 05673
(802) 496-3118
This material is for informational purposes only. All statements herein are subject to the provisions, exclusions and conditions of the applicable policy, state and federal laws. For an actual description of coverage, terms and conditions, please refer to the applicable insurance policy or check with your insurance professional. The illustrations, instructions and principles contained in the material are general in scope and, to the best of our knowledge, current at the time of publication.
Mike Bancroft is simply an amazing agent. When my business got burglarized, I was so upset and didn't know what to do. I contacted Mike and he was very prompt in calling me back and he put my mind at ease. He made me feel so much better and handled all of the paperwork immediately. His customer service is top notch and I highly recommend him to be your insurance agent!