What Is Septic Tank Insurance?
A septic tank cleaning business is incredibly valuable for homeowners and companies that rely on septic tanks for their plumbing needs. It can be extremely difficult to fully clean a septic tank, which is why so many people turn to professional cleaners like you. While you may love what you do, there are a few moving parts that come with running a business that can be tricky, like insurance.
As a small business, you typically need some type of septic tank insurance to help cover your workers and equipment in case something happens. Some levels of coverage may be required, and others just add a level of protection that you may want to help save your company financially, if the worst-case scenario should happen. Read on to learn more about septic tank cleaning insurance and what types of coverage your business might want to consider.
What Is Septic Tank Insurance?
Septic tank cleaning insurance is a term for all business insurance your septic tank cleaning company can get. It could include Workers’ Compensation if someone is injured on the job and business property insurance to help protect your tools and equipment. The goal of having coverage is to help ensure that your company can be prepared to cover accidents or damage and can be especially important for small businesses that don’t have the funds to pay for a crisis out of pocket.
Who Should Consider Septic Tank Cleaning Insurance?
Septic tank cleaning insurance is crucial for almost any company in this line of work, but it can be particularly vital for small businesses. Each organization should consider general liability coverage, as well as insurance for their equipment, but smaller companies may also want to consider additional aspects of coverage to help protect their businesses from financial impacts. Essentially, if your company could be affected after a single accident or lawsuit, then you might want insurance coverage.
Part of the reason why septic tank cleaning insurance is important is because of the nature of the job. Cleaning septic tanks requires working with hazardous waste and using heavy machinery, both of which can lead to accidents or problems. Even with the best precautions in place, there’s no way to completely prevent all accidents. That’s why companies should consider insurance to help protect their business financially when the unexpected happens.
What Insurance Should Septic Tank Cleaning Businesses Consider?
Here are three types of insurance for septic tank cleaning companies:
General Liability
General liability insurance can cover bodily injury, property damage, and personal injury claims filed by a third-party. This means you could be protected if a client files a claim that you damaged something on their property or if a worker made a mistake that then caused them injury. Having general liability can be important to help keep your business afloat when something goes wrong on the job.
Business Property
Business property can cover repairs or replacements if business equipment is lost, stolen, or damaged. This can be especially important for septic tank cleaning businesses because your equipment can be crucial to the work you do, and if it’s out of commission, you could be unable to complete certain jobs. Having this kind of coverage can allow you to rest easy, knowing that your expensive equipment can be protected.
Cyber Risk
Cyber risk helps to protect your company in the event of a cyber-attack or other technology-related covered event. While you might not initially think about this type of coverage, if you have a company website where you store customer information, especially credit card numbers, then you might want this kind of protection. Nearly every company with an online presence is at risk of some kind of cyber-attack or breach, and it can be costly to deal with one and recover quickly. Cyber risk insurance helps to keep you protected from those expenses.
PolicySweet® can provide your company with ways to group certain types of coverage into one policy. For example, PolicySweet® offers a Business Owners Policy that includes commercial liability, business property, and cyber insurance, making it convenient for you to get a comprehensive package with common coverages.
Workers’ Compensation
Workers’ Compensation insurance can cover bodily injury, lost wages, and other expenses when an employee is injured or becomes ill on the job, whether it’s a back injury from carrying heavy equipment or an accident while cleaning a septic tank. Having this kind of coverage may be legally required, and it can also help you support your workers and help them feel comfortable and secure working for your company.
How Much Does Septic Tank Cleaning Insurance Cost?
There’s no set cost for a septic tank cleaning insurance policy because so many factors go into the cost, like the size of your business, the number of employees, the type of services you offer, and your location. One of the best ways to know how much you can expect to pay is to start a quote with PolicySweet®.
Remember, that while insurance premiums can sound costly, they can be significantly lower than the cost of even one kind of accident, mistake, or injury. These premiums can ultimately help protect your business from financial crisis.
Get Coverage for Your Septic Tank Cleaning Business
Overall, septic tank cleaning insurance can be important for businesses and helps business owners rest easy. If you’re looking for coverage, PolicySweet® offers comprehensive policies with competitive rates. Start a quote with PolicySweet® today to begin protecting your company!