Painters and Painting Contractors insurance in Alaska – AK – policies and cost
Painters and Painting Contractors insurance in Alaska – AK – is a must have type of insurance to have for any person who conducts business offering their services to the public for painting and decorating.
A painter that is contracting the public is open to many different kinds of risks every time he or she opens a can and dips a brush.
If you’re an individual contractor, you must buy painter liability insurance, and here’s why!
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What actions do painting contractors do in Alaska?
First, a house painter should not to be mistaken for an interior decorator.
The latter generally has some sort of training or certification, and so they need to get their own liability insurance in Alaska.
A paint contractor in Alaska is likely to be self-educated and to earn less than the average artisan in AK.
For some painters, it’s part of their day-to-day activity to sell paint to institutional clients for use on office buildings and so they need Small Business insurance in Alaska to cover all possible risks.
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What training do painters need?
Painters usually are taught on the job how to match colors and the other such essential skills.
In many states, painters may have to qualify with additional safety training when they work with scaffolding.
In some states, apprenticeships may be available for candidates who have a high school diploma combining on-the-job training before becoming self-employed.
What licenses are there for specialized work?
For industrial painting, you can earn specialized certifications from NACE International Institute, the Society for Protective Coatings or the U.S. Environmental Protection Agency which provides certification for lead paint abatement.
After gaining experience, apprentices working for large companies can be promoted to supervisors or start their own business.
About 4.5% of the total labor force in Alaska was employed in painting and decorating in 2020.
What are the common forms of paint contractors’ insurance policy types in Alaska?
General liability insurance for painters
Protection against general claims stemming from bodily injuries and property damage caused by your business is offered by general liability insurance.
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The normal general liability policy for painters in Alaska would be with a cap of $1 million for a single event and a total of $2 million for the whole year.
Professional liability insurance for painters
Most painters or decorators in Alaska should have a minimum of at least $10000, and usually choose considerably more when their own type of business warrants it.
In most cases, the insurance companies allow a bonus to include a deductible of a few hundred dollars, to stop the nuisance of frivolous claims.
Product liability insurance for painters
The standard level of cover in Alaska is calculated on the span of premises that you upgrade as well as the level of sales.
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Commercial vehicle insurance for painters
If you are doing your own deliveries with truck, then you need a specific policy giving you commercial vehicle insurance in Alaska for the vehicle, the driver and the contents.
Remember that if you supply the coatings that you will be applying, then immediately after the cans leave your premises in AK on the way to your building site, your standard insurance stops cover.
Commercial insurance for painters
You are already tying-up a big share of your money tied up in the business. Aside from the stock of raw material there’s a large investment in your tools and equipment, scaffolding etc.
Commercial insurance in Alaska is especially designed to take into account the dangers that can end up losing your money.
Property insurance for painters
Alaska carries special risks when it comes to buildings, and each business must take out the proper cover to protect property and contents.
As well, the possibility of floods is increasing because of climate change, so every paintshop owner should take care to get all the cover necessary to cover even the most remote possibility.
Business Income insurance for painters
There have been cycles in Alaska that have hit the contractor painting sector businesses hard.
Getting proper protection is clever and it’s required to have it in place before such a calamity occurs, rather than to expect that you can never be hurt.
Average costs of these types of insurance in AK
Although every painter is unique, there are enough examples of usual quotes from insurance companies in Alaska for us to give rough guidelines.
Of course, you should always check with a broker of what’s relevant for your business.
The below list is for annual premiums for the main types of insurance retailers need in Alaska.
|Types of insurance||Price range|
|General liability insurance||$364 – $801|
|Commercial insurance||$970 – $2615|
|Business income insurance||$335 – $1091|
|Commercial vehicle insurance||$1963 – $3467|
|Public liability insurance||$348 – $547|
|Property insurance||$491 – $1222|
The Cost of insurance in Alaska depends on many different factors
We have calculated these figures for small self-employed paint contracting businesses in Alaska. The location and size and type of your business in can have a big effect on the cost of different policies.
For Example – a paint depot with a large inventory of painting supplies has a much higher risk from fire compared to a sub-contractor working for homeowners and conducting minor repair and touch-up jobs in suburban dwellings in AK, so the costs of the insurance will be very different.
Why do you need business insurance in Alaska?
Due to local laws, there is a small business requirement in Alaska that most painting and paint contractor businesses will have to have at least some insurance, covering general liabilities because they are dealing with the public.
Depending on the local ordinances to register with a business license in Alaska, there may be prerequisites for the levels of insurance in order to qualify to be permitted to perform contracting work for the government and local authority bodies. In some cases, painters and paint contractors cannot get work from the government bodies without a license. You can read about more information about painter license in Alaska – this is general and covers only the states that do have licensing.
Remember, insurance is especially designed to take into account the risks in Alaska that can end up in a dispute that can cost you a lot of money.
Are there other self-employed people like painters who are insured?
General liability insurance is a vital type of insurance coverage for anyone involved in business operations that provide specialized labor and material services to their customers.
Painters carry very similar risks to roofing contractors in Alaska, because of the need to be climbing on ladders and scaffolds.
These higher risks of accidents happening to passers-by, and ought to be covered by general liability insurance.
Many other general service providers, such as solar panel installers, plumbers, handymen in Alaska, glaziers are also subject to such risks in the workplace, and take out the proper insurance.
Where to find the right insurance?
The best way to find the right, and most affordable painters insurance in Alaska, is to talk to qualified insurance agents or brokers that can advise you on your best options. You can also use local Better Business Bureau offices and local newspapers.
And of course, there’s always internet searches that will point you in the right direction
Most independent brokers and agents work six days a week, with the following opening times.
Monday – 8:30 AM – 6:30 PM
Thursday – 8:30 AM – 6:30 PM
Wednesday – 8:30 AM – 6:30 PM
Thursday – 8:30 AM – 6:30 PM
Friday – 8:30 AM – 6:30 PM
Saturday – 7:30 AM – 1:30 PM