2014

Small Business Insurance Policies for Wallpaper and Paperhanging Small Businesses

As a wallpaper or paperhanging business, you know the value of close, careful work. At insureon, we feel the same way about small-business insurance. If you don't line everything up correctly, the wallpaper won't work. In our industry, we work hard to make sure your business insurance fits the exact needs of your business. Here are the small-business insurance policies our agents can customize for wallpaper businesses.

General Liability Insurance for Home Wallpaper Businesses

General Liability Insurance can pay for certain types of lawsuits from many people your paperhanging business interacts with on a daily basis, including…

  • Customers.
  • Vendors.
  • Contractors / subcontractors.
  • Deliverymen.
  • Vendors.
  • Other non-employees.

General Liability won't cover every lawsuit these third parties file, but it will cover many of the common ones, including…

  • Damaged property.
  • Personal injury.
  • Copyright infringement.
  • Advertising injury.
  • Damaged reputation / libel / slander.

Here's a typical General Liability scenario. While working on a wallpaper job, one of your employees trips over a cord in the client's house. It turns out that this cord is plugged into a laptop, which comes flying off the table, and smashes into the floor. The computer is kaput. Fortunately, General Liability Insurance covers third-party property insurance and can pay for the lawsuit.

Property Insurance for Wall Covering and Paperhanging Professionals

Property Insurance can help your business recover from unexpected disasters like…

  • Wind storms.
  • Winter storms.
  • Fire.
  • Rainstorms (coverage usually only includes storms that are not named by the National Weather Service).
  • Theft.
  • Vandalism.

A fire burns down your storefront. You lose your equipment, tools, and inventory and your property is severely damaged. How will Property Insurance help you?

Property Insurance can send your business money for its lost or damaged tools, equipment, supplies, inventory, furniture, and other property. It will also send funds for the cost of repairing the damage to your storefront.

With this money, your business can purchase replacement tools and other equipment and hire a contractor to repair your building.

In addition, policies with Business Interruption Coverage can pay for the income your business loses while it can't operate. The fire will likely mean your business will be unable to work for some time while it rebuilds. During this interim, your policy can reimburse your business for its normal income, which will help you meet your fixed financial obligations.

Business Owner's Policies for Home Wallpaper and Paperhanging Businesses

If you're looking for a way to pay less for your insurance, a Business Owner's Policy (or BOP) can help. BOPs package two polices together at a lower price. This insurance bundle includes…

  • Property Insurance.
  • General Liability Insurance.

You might be thinking, If this insurance is cheaper, why don't all businesses have it? Good question. The simple answer is that they can't. Only small businesses that meet certain requirements qualify to save money on their insurance this way.

In order to purchase a BOP, your business…

  • Must have fewer than 100 employees.
  • Can't require more than twelve months of Business Interruption Coverage.
  • Can't have a large-scale workplace.
  • Can't work in dangerous or high-risk industry.

In other words, insurance companies only sell BOPs to businesses that have lower insurance needs, which is good news for many insureon customers. Small businesses like yours have less property, employees, and other factors that can increase your rates.

Submit an online application, and our agents will try to secure this insurance discount for you.We'll query insurance companies to see if we can get this cost-savings plan for your business.

Cyber Liability Insurance for Wallpaper and Paperhanging Companies

Cyber Liability Insurance (also called Data Breach Insurance or Cyber Risk Insurance) protects businesses from the costs associated with a cyber attack.

A cyber attack is when hackers break into your network to steal money and data from your business. Why would they want data about your wallpaper business? Simple. They are looking for credit card information, bank account data, or other personal information that can lead them to money. Hackers will use this data to commit identity theft and access the financials of your clients, employees, or yourself.

While it may seem unlikely that hackers would target a small business, the opposite is actually true. You may read about hackers breaking into Facebook or Bank of America, but in reality over 70% of cyber attacks occur at small businesses.

There are two Cyber Liability Insurance policies…

  • First-Party Response.
  • Third Party Defense and Liability.

Your business will probably only need First Party Response. This insurance policy pays for many important ways your business responds to an attack on its computers. Covered costs include…

  • Investigations into the source of the cyber attack and how your business was attacked.
  • Advertising campaigns and P.R. efforts to reestablish your business's reputation.
  • Communication expenses to alert your customers their data was accessed.
  • Cyber extortion reimbursement.
  • Crisis management.
  • Additional staff to help you focus on running the business while dealing with the aftermath of the attack.

Third-Party Defense is for IT businesses and computer professionals who can be sued when their software or devices are hacked. Because your business doesn't supply any software or computers to your clients, you'll probably be able to skip this coverage and won't have to pay for it.

Errors and Omissions Coverage for Home Wallpaper Businesses

Errors & Omissions Insurance (also called E&O Insurance or Professional Liability Insurance) pays for lawsuits over your professional liabilities.

If a customer is dissatisfied or upset with the quality of your work, E&O Insurance can cover the cost of the lawsuit, your legal defense, and other related expenses. These lawsuits include claims that your business…

  • Failed to deliver the paperhanging / interior decorating service the customer asked for.
  • Made mistakes or errors in judgment.
  • Delivered incomplete or unsatisfactory work.

Let's say you've been hired by a general contractor to paper a newly built home. You follow their instructions precisely, but because of a miscommunication on contractor's end, the client is upset with the vintage wallpaper pattern.

Even though it wasn't your mistake, they could sue your business. When this happens, your Errors and Omissions Insurance can cover the legal costs.

Workers' Compensation Insurance for Wall Covering and Paperhanging Professionals

Spending their days on ladders and working with tools, wallpaper professionals can be susceptible to a Workers' Comp injury.

Workers' Compensation Insurance (also called Workers' Comp or Workman's Comp) pays for lawsuits, medical bills, and lost wages when an employee is injured on the job.

State laws hold you liable as the employer when employees are injured or suffer a work-related illness. Your liability extends to common accidents like trips and falls. That means that if an employee trips on the stairs of a client's home, you could be held liable.

Luckily, Workers' Comp can pay for…

  • Your legal expenses if an employee sues your business (Employer's Liability Insurance).
  • Employee medical costs (MRIs, X-Rays, hospital stays, ambulance expenses, etc.).
  • Paid recovery time for employees unable to work post-accident.
  • Funeral cost and support income for the family of an employee killed in an on-the-job accident.

Our agents will make sure your business meets state requirements and covers its liabilities with Workers' Compensation Insurance.

Insureon: Custom-Designed Small Business Insurance for Wallpaper and Paperhanging Businesses

With over 30,000 customers, insureon is the nation's small-business insurance expert. Submit our online application, and get a free quote custom-tailored to your business.

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