Welding Contractor Insurance in Vermont

What is Welding Contractor Insurance?

Welding can be profitable and rewarding work, but it comes with certain risks. From liability to property perils, welders in Vermont need to protect themselves from the risks they face. Welding contractor insurance policies can help welders do just that.

Welding contractor insurance is a specialized form of commercial insurance that’s intended specifically for welders and their businesses. In order to provide these professionals with the diverse protections they need, most policies are package insurance policies that have several individual protections within them.

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What Businesses in Vermont Need Welder Insurance?

In general, any business that provides welding services within Vermont ought to consider carrying welder insurance. This includes (but isn’t necessarily limited to) welders who work on automotive repair, new building construction, marine projects or pretty much anything else that might need to be welded.

Some businesses in the state may weld components and perform other types of work. A new home construction business, for example, might weld some parts but also do a lot of other work that goes into building houses. 

Any business that welds alongside other types of work should talk with an insurance agent who specializes in this commercial coverage. A specialized agent can help determine whether a welding policy or other type of commercial policy is more appropriate for a given business.

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What Coverages Does Welder Insurance Make Available?

There are many coverages that welder insurance policies might offer, and most of these policies can be categorized as either liability protections or property protections. The former normally protects against situations where a business is held financially liable for damage or injury to another party. The latter group usually insures assets that a business owns against various causes of damage or loss.

Some of the liability coverages that a welder policy might come with are:

  • General Liability Coverage, which may cover defamation lawsuits and common accidents
  • Auto Liability Coverage, which may cover accidents caused by employees while driving for work
  • Completed Operations Liability Coverage, which may cover malfunctions in welding work that’s performed
  • Umbrella Liability Coverage, which may afford an additional layer of liability protection against expensive lawsuits

(Auto liability coverage and often also be adapted to provide property protection for company-owned vehicles if a business has its own trucks or vans.)

Some of the property coverages that a welder policy might offer are:

  • Business Personal Property Coverage, which may cover welding equipment, computers, furniture and other equipment at a central location
  • Builders Risk Coverage, which may cover equipment and tools when they’re left at worksites
  • Inland Marine Coverage, which may cover equipment and tools when they’re transported between sites
  • Breakdown Coverage, which may cover breakdowns of essential welding equipment
  • Employee Dishonesty Coverage, which may cover theft of money or equipment by employees

Some of these coverages are especially useful in certain situations but not needed in other situations, and one of the major factors that can affect what coverages a welder needs is whether they work as a subcontractor. 

Welders who do perform work as subcontractors should talk with an insurance agent who’s familiar with welder policies to get guidance on coverage selection base on their individual circumstance. Of course, such an agent can help welders who don’t work as subcontractors find coverage too.

Do Welder Policies Provide Workers Compensation Coverage?

Workers compensation coverage generally protects against workplace injuries and illnesses, and it’s an especially important coverage for welders. Not only are many welding businesses in Vermont required to carry the coverage, but even business owners who might not technically need it still should consider the coverage. Without workers compensation, a mishap that results in injury can have lasting and devastating economic consequences.

Whether workers compensation is included in a welder policy depends on the particular policy, though. While this coverage is sometimes obtained through a welder policy, it is often purchased separately via its own, standalone policy. 

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How Can Businesses Get Welding Contractor Insurance?

For help finding welding contractor insurance in Vermont, talk with the independent agents at Paige & Campbell Insurance. Our insurance agents will work with you to identify coverage needs and help you compare multiple policies that meet those needs. With our assistance, you can get a policy that’ll keep your welding contractor business well-protected

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