Your painting and wall covering business transforms homes and offices across North Carolina. Unfortunately, one surprise expense (like accidental damage to a client's space or an employee's ladder mishap) can put your whole company at risk. We believe in your business and want you to have affordable insurance that meets state requirements and protects your property, team and income. To keep you focused on the color of success, this guide breaks down:
A Business Owner’s Policy for painting contractors bundles general liability, contractor property insurance, and optional business interruption coverage.
General liability insurance for painting contractors covers accidents, injuries, and advertising-related claims.
Commercial umbrella insurance for contractors provides extra coverage when other policies reach their limits.
Working with Mylo can help you find the right coverage at the best value!
Here are five essential coverages every painting and wall covering contractors should consider to stay protected and profitable:
A business owner’s policy (BOP) for painting and wall covering contractors is a smart starting point. It bundles key coverages into one affordable package – ideal for new or growing businesses. Your BOP typically includes:
GENERAL LIABILITY FOR CONTRACTORS 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. Though North Carolina doesn't mandate this coverage, many of your contracts will: Examples:
CONTRACTOR PROPERTY INSURANCE Helps repair or replace your space or equipment if disaster strikes – like fire, theft, or vandalism. Examples:
BUSINESS INTERRUPTION INSURANCE Replaces lost income if you need to temporarily pause your business due to covered property damage.
If you have three or more employees, North Carolina requires workers’ compensation for contractors. It covers medical care and lost wages for your team members injured on the job – and shields you from most employee lawsuits. Examples:
If you use company-owned or personal vehicles on the job, North Carolina requires you to cover them with commercial auto insurance.
Helps business owners protect the valuable equipment or property they transport across land (such as by a truck to a job site) or store in a temporary location away from their office. If it’s damaged, lost or stolen, inland marine compensates you. Examples:
Think of this as insurance for your insurance! A commercial umbrella insurance policy provides extra protection when other key policies 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 protected over 70,000 small business owners with 100,000+ polices. Because we don't sell our own insurance, we can give you an objective recommendation and find you the best value in North Carolina – at no cost to you.
In minutes Mylo will:
If you have three or more employees, you're required to carry worker's compensation. If you use personal or business vehicles for work, you're required to carry commercial auto. North Carolina does not mandate general liability, but many of your contracts will.
A Business Owner's Policy saves you money by combining general liability (which helps you pay for medical expenses or lawsuits if someone is accidentally injured by your business) with property (which helps repair or replace your lost, stolen or damaged business property) and business interruption (which compensates you for lost revenue because of property damage). Also, "BOP" is fun to say. We won't judge.
You do physical work on client sites and could cause accidental property damage or injuries. Your employees may be at risk from working with chemicals or standing on ladders and scaffolding. You transport important equipment to job sites and risk damage to it on the road.
You may be able to bundle your most essential coverages (general liability, property and business interruption) in a money-saving Business Owner's Policy. In addition, Mylo makes it easy to compare the best quotes from multiple top-rated carriers so you can find the right coverage at the best value in North Carolina.
A Certificate of Insurance provides proof to your clients that they can do business with you and not be on the hook financially if something goes wrong. Once Mylo has helped you purchase a policy, you can request a free certificate of insurance (COI) directly from your new carrier. Contact information for your insurance carrier will be included in the email your Mylo agent sends out with your policy documents.