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12 Jun Adding General Liability Coverage Better Protects Your Welding Operations Business
Welding can be a risky business no matter what type of welding you specialized in. Not only can the work itself be physically dangerous to you, your employees, and the property on which the welding takes place, your business can face liability claims for your products and services even after the job is complete. Traditional commercial liability insurance doesn’t necessarily cover all aspects of your business, especially to the extent necessary to fully protect your business’s assets and financial future. Obtaining excess liability insurance specific to your company’s hazards and risks keeps you covered in the event of actual and alleged damages.
How can excess general liability insurance protect your welding company?
Claims related to property: Whether you have premises in which you complete your work or you offer welding services on-site, there is always the potential for a customer to make property-based claims for damages. This is why it’s critical to have coverage for not only your business’s premises but also for your tools and machinery. You might also face third-party claims for damages done to your client’s property. Having excess coverage can help you focus on your business’s day-to-day concerns rather than claims related to past jobs.
Claims related to injury: Even if you are self-employed and have no employees, welding work can be hazardous to other people. Because there is a potential for a third party to be bodily injured either by the tools you use or by the finished product in the event of alleged negligence, you can face claims and lawsuits. Liability related to injuries and medical costs are a large financial risk that excess general liability insurance can address.
Having excess liability coverage protects you in the event of injury and property damage claims. If you’d like to learn more about why Evolution Insurance Brokers is a preferred provider for businesses in the welding industry, please contact us here.