As the eighth-largest furniture exporter in the world, carpenters of all talents and expertise are needed to ensure wooden products look good and are made with good quality. Not only are carpenters responsible for crafting beautiful furniture, but they are also responsible for building, maintaining, and repairing many structures made of wood and other materials. The work of a carpenter takes years of hard work and practice. That’s why ALIGNED wants to ensure that your talent is protected.
Why is Insurance for Carpenters Important?
Whether you own a carpentry business or are an independent contractor, insurance will cover you against liability, third-party claims, and any losses or damages that occur. Here are just some of the risks that can happen:
- A natural disaster or act of theft can damage your carpenter shop or studio.
- Bodily injuries from repetitive movements, lifting heavy materials, using electrical equipment, or working in stagnant and awkward positions.
- Bodily injuries to others, from operating saws, knives, chisels, etc.
- Fires due to flammable materials, such as wood dust or combustible dust.
- Bodily injuries to a third party or their property because of your work.
You might also encounter financial issues, such as not receiving full payment for your work. However, having insurance will protect your carpentry business.
What Does Insurance for Carpenters Include?
The coverage of your carpenters’ insurance depends on your specific operational needs and budget. Here are some examples of what your insurance might include:
Commercial General Liability Insurance – Also known as CGL insurance, commercial general liability insurance is a standard policy providing coverage for legal fees and other costs associated with bodily injury or property damage to third parties and other liability risks like, false advertising, libel & slander, etc.
Commercial Property Insurance – Protects your property and equipment from damages and losses caused by theft, fires, lightning, earthquakes, floods, windstorms, etc. It ensures that the replacement and repair costs of your property and equipment are covered.
Product Liability Insurance – Protects your business from claims of production flaws or defects that cause injuries, property damage, or make the product unsafe.
Goods in Transit or Cargo Insurance – Protects your products from damages or losses that occur during the shipping & distribution process, such as supply chain disruptions, shipping issues, product storage, etc.
Commercial Auto Insurance – Protects your commercial vehicle(s) and your business against liability, claims, and expenses if an accident or collision occurred anytime during your operations.
Carve Out Your Custom Insurance for Carpenters
ALIGNED works with Canada’s top insurance companies to provide custom oilfield electrical contractor insurance packages at affordable prices. Contact an ALIGNED commercial insurance specialist for a free quote, or use our free online tool.
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