Whether you employ 1 or more technicians for your business, you will need to acquire Workers Compensation Insurance or Workers Comp. It can cover the medical bills, litigation costs, and lost wages of employees when they sustain injuries in the workplace.
If you fix your customer’s appliances in your workshop, you are responsible for the appliances while they’re in your possession. When acts of nature, vandalism or theft occur, you could become liable. Thus, it is important to carry Bailee’s Insurance because it covers the repairs and replacements of the damaged appliances.
Business Auto Insurance protects the automobiles you use for business purposes. If a company vehicle gets into an accident, Business Auto Insurance covers the cost of vehicle repairs and medical expenses of third-party injuries.
Business Property Insurance protects the physical structure of your business from damages due to weather, theft, vandalism and other types of perils. It also provides protection on your business’ tools, equipment and computer systems you use for your repairs services.