Whether you're fixing refrigerators or installing new dishwashers, your appliance repair business keeps Arizona homes and businesses running smoothly. Unfortunately, one surprise expense (like an injured employee or flooded client kitchen) can put your whole business at risk. We believe in your company and want you to have affordable insurance that meets state requirements and protects your vehicle, equipment, team and income. This guide breaks down:
A Business Owner’s Policy for appliance repair companies saves you money by bundling general liability, property insurance and optional business interruption coverage.
General liability insurance covers injuries and damages caused by your business, as well as advertising-related claims.
Here are five essential coverages every appliance repair professional should consider to stay protected and profitable:
A business owner’s policy (BOP) for appliance repair companies is a smart starting point. It bundles key coverages into one affordable package – ideal for new or growing repair businesses. Your BOP typically includes:
GENERAL LIABILITY FOR APPLIANCE REPAIR SERVICES Covers legal and medical costs if a client or other non-employee is injured or their property damaged by your business. It also protects you from advertising-related claims. Examples:
PROPERTY INSURANCE FOR APPLIANCE REPAIR BUSINESSES Helps repair or replace your tools, diagnostic equipment, office space and inventory in case of fire, theft or vandalism. Examples:
BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily pause your appliance repair business due to covered property damage.
Michigan requires you to carry worker's comp if you have three or more employees (or employed one person for 35 hours or more per week for 13 weeks or longer in the past year). This important coverage pays for medical care and lost wages if someone is injured on the job – and protects you from most employee lawsuits. Examples:
If you use company-owned or personal vehicles to transport your tools and technicians, Michigan requires commercial auto insurance.
If you frequently transport tools and equipment between job sites, inland marine insurance covers items in transit or temporarily stored off-site. Examples:
Think of this as insurance for your insurance! A commercial umbrella insurance policy provides extra protection when other key policies like your general liability reach their limits, which helps you protect your company's financial assets.
Your amazing company deserves protection that keeps up with your business. Mylo has been innovating insurance for 10 years and provided 100,000 policies to 75,000+ small business owners. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in Michigan – at no cost to you.
In minutes Mylo will: