Swimming Pool Contractor Insurance
As a top-notch and award-winning commercial insurance brokerage firm in Ontario, Contractors Insurance is committed to providing customized policies and plans for contractors, tradespeople, and other professionals. We are trusted by numerous businesses to handle their insurance needs and make sure they get the coverage that they need—without any unnecessary riders.
Swimming pool contractor insurance is one of the specialized policies we offer.
With Canada’s rising summer temperatures, you can count on it that the crowds will enjoy swimming whenever they can. As a swimming pool contractor, you should be prepared for the unique risks your company faces while cleaning pools or repairing them. Situations such as workplace accidents or property damage can leave you with liabilities that may be difficult to recover from.
With our tried-and-tested record of success and our long-term relationships with many satisfied clients, you can be sure that you are in good hands with Contractors Insurance.
What Is Swimming Pool Contractor Insurance?
Pool service insurance is a policy that protects your business from a variety of liabilities. Events such as third-party lawsuits for bodily injuries or property damage resulting from your work, damage to special equipment, or even allegations of non-compliance with local rules are just a few of the situations your business could find itself swimming in.
Depending on the coverage plan you select, your insurance policy can also cover expenses arising from unexpected events, such as severe weather, theft, or fires.
Pool service insurance covers the following:
Third-Party Property Damage
Pool businesses regularly service residential and commercial pools. But no matter how careful you are, property damage can occur while you’re cleaning or installing an in-ground pool or cleaning an above-ground pool.
Repairing a damaged swimming pool can be expensive—and the costs alone can easily put you out of business. Swimming pool contractor insurance protects you from financial liabilities arising from these situations.
Damage/Theft to Tools and Equipment Used
Whether the tools or equipment you use are left on-site or you’re transporting them to and from a client’s property, accidents can happen at any time. Damaged or stolen equipment that is vital to the success of your project will need to be replaced. Without an insurance policy in place, you will have to pay for these materials from your pocket.
Third-Party Bodily Injuries
Being in the pool service business, you or your employees are constantly exposed to various risks. A simple slip-and-fall incident can lead to serious bodily harm, and the ensuing lawsuit that arises from such a cases can lead to bankruptcy if you’re not careful. Having a customized policy ready will help pay for a legal team or hefty medical fees if you ever find yourself in such a situation.
Other Expenses Related to Moving Materials
You or your employees will have to use a vehicle to make it to a client’s property or for transporting materials to and from a job site. However, other risks and hazards, such as car accidents or delays owing to traffic jams, can be detrimental to your business’s daily operations.
Without the proper insurance policy in place, the total costs from these situations can damage your business’s reputation greatly.
Who Can Benefit From Pool Service Insurance?
Swimming pool contractor insurance can benefit you if:
- Your work takes you to clients’ properties that have pools;
- You build pools for clients;
- You repair or clean public or private pools;
- You use heavy equipment or tools while on the job that you might need to leave at the construction site for extended periods; and
- Your projects can cause third-party injuries or property damage.
The above qualifiers indicate that you may be at risk of damage, theft, or vandalism resulting in financial losses of thousands to hundreds of thousands of dollars, depending on their extent. So, if you’d like to secure swimming pool contractor insurance to protect your business, Contractors Insurance is here to help.
Why Ontario Contractors Need This Insurance Type
Building pools for a client often poses risks for everyone involved. The property could be damaged, materials or equipment could get stolen, or your staff could get into an accident.
If you or your business gets served with demands for payment of medical fees or a lawsuit, you’ll have no other choice but to defend yourself legally. It doesn’t matter if you aren’t found to be responsible for these incidents in the end, the financial liabilities will still cost a pretty penny.
Pool Service Insurance Claims Examples
Generally, contractors use high-powered tools and expensive building materials most of the time. There are hazards that present themselves on any given day, which could lead to accidents that may cause injuries or serious harm to clients or staff. Having an insurance policy that suits the unique risks of your business will help pay for costs associated with these risks.
Most swimming pool and hot tub contractors purchase a policy with up to $2 million of general liability coverage. However, the cost of the entire policy will be determined based on several factors.
Claims Example #1
While excavating an area for your new pool construction project, one of your employees accidentally hit and damaged the client’s home gas line.
Your commercial general liability insurance can help cover the cost of repairing the gas line, as well as help you pay for legal fees should you need it.
Claims Example #2
Your company vehicle, which was parked overnight at a job site, gets broken into in the middle of the night. The tools and equipment inside were all stolen.
With tools and equipment insurance, you can pay for the thousands of dollars it may cost to replace the stolen items.
Claims Example #3
Your employee gets involved in a multi-car collision while driving the company vehicle. They were transporting materials necessary for you and the rest of the team to build a new pool.
Your commercial auto insurance coverage will help pay for the repair costs of the damaged company vehicle and the other vehicles involved in the accident, if necessary.
Leading Provider of Swimming Pool Contractor Insurance in Ontario
Contractors Insurance continues to build trust with clients through a dedicated customer-centric approach. We’ve set ourselves apart from other insurance brokers by offering these benefits:
Personalized Insurance Plans
With insurance plans that are free from unnecessary and costly riders, Contractors Insurance guarantees you only pay for the coverage you need. We can help you set up personalized policies and recommend additional coverage when possible to ensure you’re getting the maximum protection your business deserves.
Utmost Transparency on Coverage and Limitations
We know how intimidating it can be to learn policies and insurance jargon. Our team of experts will explain your policies thoroughly and with full transparency. You’ll be advised on how it works, its limits, and what triggers a claim comprehensively.
Thorough and Straightforward Insurance Education
We treat our clients like partners, which is why we make it a priority to be thorough and straightforward. This is because when we’re on the same page with clients, only then can we make sure that we are able to tailor their insurance plans effectively.
Frequently Asked Questions About Swimming Pool Contractor Insurance
It’s important to note that every insurance policy is unique and based on your situation and needs. Here are some of the exclusions:
- Coverage for faulty workmanship;
- Events or tools and materials that give rise to pollution; and
- Coverage for subcontractors.
There are certain pool types considered to be a greater risk, such as in-ground pools, which results in higher premiums. This is because in-ground pools involve excavation, tile installation, or HVAC-related work.
Ready to Get the Coverage You Need?
Get customized plans with Contractors Insurance! As the leading insurance brokerage firm in Toronto, we have a proven track record of providing our clients with effective insurance programs they can rely on.
Contact us today to get a quote for swimming pool contractor insurance!