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Business insurance is intended to safeguard the financial assets of a business owner and is a necessary investment for a garage door installation company.

 garage door installation

This article will discuss the primary insurance coverage for garage door installation firms, general liability insurance, as well as additional products that are appropriate for this industry.

Garage Door Installation Companies Need General Liability Insurance

Every firm, regardless of sector, has risks that should be insured. General liability insurance is the most frequent and comprehensive form of coverage that company owners purchase.

General liability insurance covers the following risks:

Physical harm

Damage to property

Medical expenses

Legal defence and decision

Personal and commercial harm

While general liability insurance is not legally needed for companies, operating without it is exceedingly dangerous. If your company is sued, you might face costs in the hundreds of thousands of dollars (or more). The only way to avoid this sort of catastrophe from destroying your organisation is to have an adequate general liability insurance coverage in place to assist pay for these losses.


Example 1: While demonstrating a partly installed garage door to a client, the door crashes on the consumer, injuring them badly. The customer’s accident-related medical expenditures would be covered by general liability insurance.

Example 2: A tension spring snaps during installation, severely damaging a neighbouring vehicle. The car repair expenses would be covered by general liability insurance.

Example 3: A client slips and falls in your showroom due to a damp floor. In the case of a lawsuit, general liability insurance would cover the customer’s medical expenditures as well as your legal fees.

Of course, this is not an entire list of risks covered by a general liability insurance policy, and certain situations may result in a specific peril not being covered. To minimise coverage gaps, it’s always better to speak with your agent about the terms of your policy.

General Liability Insurance Cost

Garage door installation companies in America typically pay between $500 and $1,500 per year for $1 million in general liability insurance.

The cost of your coverage will be determined by a number of variables. Among them are your:



Employees’ number

Per-occurrence restriction

The overall aggregate limit

You may be able to get general liability insurance at a lower cost if you buy it as part of a business owner’s policy (BOP) rather than as a separate policy. A business interruption policy (BOP) is a more complete option that covers numerous types of coverage, such as business interruption and property insurance.

Other Types of Coverage Required by Garage Door Installation Companies

While general liability insurance is the most crucial, there are various different types of coverage to be aware of. Other forms of insurance that every garage door installation company should have include:

Insurance for Product Liability

Because you offer items as well as installation services, a client may launch a lawsuit if they feel one of your products caused severe harm—for example, if a faulty door sensor traps a youngster beneath a heavy door. Product liability insurance will safeguard your company by paying legal bills as well as any damages awarded in a product-related case.

Insurance for Workers’ Compensation

Workers’ compensation insurance is required in most states for both part-time and full-time employees. This coverage covers your workers if they are hurt at work or get sick as a result of a workplace accident. It covers not just an employee’s medical expenditures and lost pay if they need time off to recuperate, but also any disability compensation resulting from a work-related injury.

Insurance for Commercial Property

If you own the building where you do business, you are liable for any business-related property that is held there in the case of a fire, burglary, or natural catastrophe. After an accident, commercial property insurance would cover the expense of repairing or replacing your equipment, inventory, and supplies, allowing you to recover swiftly.

Insurance for Commercial Vehicles

In the case of a collision, any truck or van you use mainly for work needs commercial car insurance to cover the vehicle, driver, and others on the road. Choose a policy that not only covers accident-related vehicle repair expenses and medical care for anybody harmed, but also provides enough coverage for any specific equipment or supplies you transport to work locations in your cars.

Coverage Options for Some Garage Door Installation Companies
In addition to the policies listed above, your garage door installation company may need other forms of coverage based on particular elements of your operations. Some of them may not apply to you, so be sure to ask your agent whether policies are appropriate for your company.
Umbrella Insurance for Businesses

While most claims are covered by your general liability insurance policy, certain incidents or lawsuits may be so severe that they surpass the limits of your basic coverage, such as a claim involving a person’s death caused by a flying tension spring. Commercial umbrella insurance protects you from having to pay for legal expenses and awarded damages that exceed the limits of your main policy out of pocket.

Insurance for Business Interruption

If a fire, storm, or other significant event causes you to shut your doors for an extended period of time, business interruption insurance may assist pay your costs and financial losses until you can reopen. Business interruption insurance is often available as part of a business owner policy, or BOP.

Additional Security Measures for Your Company

Although investing in company insurance is simple (and necessary), it should not be your first line of defence. Yes, insurance will reimburse your company for cash losses incurred as a result of an occurrence, but it is much preferable to avoid losses altogether.

With this in mind, here are a few steps you can take to better secure your company:

Make use of legally binding contracts and other business agreements. (We provide free templates for several of the most often used legal forms.)

To safeguard your personal assets, form a limited liability company (LLC) or a corporation. (To discover how to incorporate an LLC or company in your state, see our step-by-step tutorials.)

Keep your company licences up to date.

Streamline the internal procedures of your company. This will eliminate unneeded variables from routine activities and establish a secure, consistent environment in which to do business.

If your company is an LLC, you should check into LLC insurance.