Often overlooked, antenna installers play an important role in everyone’s lives. They are responsible for installing, testing, and repairing antennas and related equipment that provide communication satellite signals, such as TV networking, communication antennas etc.. Antenna installation is a dangerous and complex job. You work in residential or commercial properties, climb onto roofs, carry heavy equipment, and more.
There are tons of environmental and human factors that can make antenna installation risky and create damages or losses to the workers or third parties. That’s why antenna installer insurance is important to have.
Whether you are an independent contractor or operate your own business, purchasing antenna installer insurance with ALIGNED will provide the protection you need.
Why is Antenna Installation Insurance Important?
Antenna installation is dangerous. No matter how many precautions you take, injuries and losses can happen unexpectedly at any time. Here are just some of the risks an antenna installer might face:
- A collision can cause damages to products and equipment en route to a customer.
- There can be damages to the customer’s property during the installations.
- Errors in the service provided can result in damages to a customer’s property after installations or repairs.
- The customer can get injured during the servicing while you are on their premises.
- A poorly installed antenna can result in water damage to a property and/or other equipment
The list goes on. But antenna installer insurance can protect your business from financial losses and damages.
What Does Antenna Installer Insurance Include?
Your antenna installer insurance depends on the types of risks you encounter, the specific services you provide, the location of your business, and more. Here’s what you can expect:
Commercial General Liability Insurance – Covers bodily injury and property damage that clients suffer from the operations and services of your antenna installation business. This can include fees, settlements and/or judgements for claims alleging your duty of care to the public was breached or neglected because of your premises, operations, products, etc.
Commercial Property Insurance – Ensures the replacement and repair costs of your property and equipment. You can also purchase business interruption insurance in case your business is temporarily forced to close because of natural disasters and other uncontrollable events.
Commercial Auto Insurance – Covers third party liability and physical damage to your vehicles. It can also cover expenses for medical, property damage, loss of income, disability benefits, etc., resulting from a collision involving a company vehicle.
What Type of TV Antenna Installation Work Can Insurance Cover?
Insurance is important for businesses that specialize in installing TV antennas. It protects your business and employees from liability and third-party claims alleging property damage and bodily injuries.
Especially because TV antenna installers need to enter the commercial or personal property of clients and carry around expensive products and equipment, insurance is one of the key purchases that all installation businesses should have to protect themselves from financial losses.
TV antenna installer insurance can cover any TV antenna installation work that businesses provide for individual homes and condos or commercial properties like restaurants or offices. It can cover property damage and bodily injuries to a third party or financial losses while installing a cable or satellite TV. It also protects against any damages or financial losses caused by visiting a client’s property for repairing and maintaining the TV antennas or cables.
How Much Does Liability Insurance Cost for TV Antenna Installers?
Liability insurance for TV antenna installers can have significantly different insurance premiums depending on the amount of coverage your business purchases and your insurance provider.
Often, insurance companies will have their own formulas for calculating the insurance risk of a business, which helps them determine how risky you are to insure and your insurance premium.
Insurance companies will also consider factors like:
- The location of your business
- The total value of your equipment
- The specific services you provide
- Your business’s claims history
- The type of equipment you operate
- Any specializations your business has
- Whether you also produce and manufacture TV antennas
To get an accurate cost estimation for the liability insurance of your TV installation business, you should conduct thorough research of the different insurance companies and packages available based on your budget, services, and operational risks. You should also consider the factors listed above that could impact the cost of your insurance premiums.
Insurance companies will offer quotes on the cost of liability insurance, so you are thoroughly informed about the premiums and coverages to get the most value out of your insurance dollar.
Are Subcontractors Covered by the Contractor’s Liability Insurance?
General contractors and businesses should have liability insurance to protect themselves against lawsuits and claims arising from property damage or bodily injury while installing, repairing, or maintaining TV antennas and cables.
Subcontractors might not always be covered under the main contractor’s liability insurance. However, subcontractors can purchase their own liability insurance coverage to protect themselves as they work. If subcontractors don’t have liability insurance of their own, the general contractor or business will be held liable for any damage, financial loss, or bodily injury caused by their subcontractors.
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