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The Long Island housing market has been doing quite well lately and this means carpenters should be busy for some time. In addition, many people in the state of New York are seeking home improvements and the experienced carpenter is in demand today. Yet, the building industry carries a great deal of risks with it and these risks must be taken care of with proper carpenter insurance. If you do not have the right kind of insurance for your business, you could suffer major financial setbacks within a short period of time. Let's check out some things which can happen to your business.
A home improvement contractor takes on the job of finishing a basement. The homeowner wants to build a rec room with a bar and a special viewing area for sports events and movies. Work proceeds as usual except the contractor did not properly seal the floor and walls and failed to tell the homeowner about a water leak in the basement. After some heavy rains, the finished basement suffered major water damage and the homeowner sued the contractor for the damages. Fortunately, this situation was covered by the company's carpenters insurance policy.
A carpenter service is hired to build two dormers in the roof of a story and half home. This will provide extra room for a finished attic. However, while the job was partially finished, a large storm came up and destroyed all the work and also dumped an enormous amount of rain inside the home, causing tremendous damage.
A local handyman visited a homeowner about installing sliding glass doors and building a deck on a lovely house in Bellmore. He drove his van to the house to provide an estimate for the work and upon leaving, he accidentally backed the van into the garage door, breaking it and damaging a classic car inside.
These are only a few things that can happen to people in the carpenter business today, and the right insurance is essential.
If you build houses or make improvements to houses, you have many risks to consider. Insurance covers many of the hazards you face and problems you may not even be aware of. It pays for expenses like medical bills, repairs, and legal fees.
These professionals should consider carpenter coverage as part of their business insurance package:
You can start off with a BOP (business owner's policy) and this basic coverage will include:
Depending on the work you perform, you could need several options, such as:
You have a lot of options when it comes to insuring your business. However, you will enjoy a wide range of benefits when you come to an independent insurance agency like Newbridge Coverage Corporation.
Your independent agent has many more options than an agent working for one insurer. For example, we have access to insurers who specialize in your business insurance needs. This gives you the best coverage and premiums. Here are some more reasons to come to Newbridge Coverage Corporation in Long Island:
If your carpenters insurance does not fully protect you, your business is vulnerable and this could cost you dearly. Come to Newbridge Coverage Corporation for a free insurance quote today. Just visit the quote section of this webpage to get started.