Mold in walls, floors or ceilings has the potential to be completely volatile and cause damage to a building’s structure. Not to mention if it’s left unrestored, mold can be a major health concern. Mold is typically a result of past water damage and prolonged exposure to extra moisture. As someone who restores molded structures, your risks do include mold exposure, though it doesn’t end there. To cover unexpected risks and subsequent lawsuits, you need the proper insurance coverage.
Commercial General Liability Insurance for Mold Restoration Providers
Mold restoration requires extreme precision and attention to detail. Even with extreme care, small details can be missed that might have extreme consequences. If you miss even a small amount of mold, it can grow into an even bigger issue, costing a customer more in damages. Because you did not complete the full job, you could be sued for faulty workmanship and forced to pay hundreds of thousands of dollars. Commercial general liability offers coverage for damages caused by faulty workmanship. Accidental property damage is also covered by comprehensive CGL policies. For example, if you accidentally hit an electrical wire while removing mold, repair costs could be covered by your policy.
Commercial Auto Insurance for Mold Restoration Providers
Mold remediation requires remediators to travel from site to site. Commercial auto insurance covers accidents that take place on your way to and from job sites. While travel to and from work is covered by personal auto insurance, travel for work is excluded. This means without commercial auto insurance, you will be liable to pay for vehicular damages during a workday.
Commercial Auto Insurance for Mold Restoration Providers
Mold remediation requires remediators to travel from site to site. Commercial auto insurance covers accidents that take place on your way to and from job sites. While travel to and from work is covered by personal auto insurance, travel for work is excluded. This means without commercial auto insurance, you will be liable to pay for vehicular damages during a workday.
Tools & Equipment Insurance
Working with mold remediation requires a specialized set of tools and equipment. Fans and air scrubbers are basic pieces of equipment that, if not in working condition, could make it impossible to complete a job. Replacing the damaged or stolen equipment is a costly affair without the proper tools and equipment insurance. When you do have tools and equipment insurance, costs can be covered from broken down or stolen equipment.
Interested in learning about your custom mold remediation insurance options? Call isure today and learn about our low rates and comprehensive coverage !