Painters and Painting Contractors insurance in Illinois – IL – policies and cost
Painters and Painting Contractors insurance in Illinois – IL – is a crucial 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 working for the public is subject to many different kinds of dangers every time he or she opens a can and dips a brush.
If you’re a painter, you have to buy painter liability insurance, and here’s why!
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What actions do painting contractors do in Illinois?
First, a paint contractor should not to be mistaken for an interior decorator.
The latter generally has some type of training or certification, and so they need to invest in their own liability insurance in Illinois.
A paint contractor in Illinois is likely to be self-educated and to earn less than the average designer in IL.
For some painters, it’s part of their day-to-day activity to sell paint to the general public for use on private buildings and so they need Small Business insurance in Illinois to cover all possible risks.
Small Business General Liability Protection:
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What education do painters need?
Painters usually learn on the job how to prepare surfaces 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 technical training before becoming self-employed.
What licenses are there for specialized work?
For scientific 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 superintendents or start their own business.
About 4.5% of the total labor force in Illinois was working in painting and decorating in 2020.
What are the common forms of paint contractors’ insurance policy types in Illinois?
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 usual general liability policy for painters in Illinois would be with a boundary of $1 million for a single event and a total of $2 million for the whole year.
Professional liability insurance for painters
painter or decorator Every in Illinois should have a protection of at least $10000, and many choose much more when their own type of business warrants it.
In most cases, the insurance companies allow a discount to include a deductible of a few hundred dollars, to stop the nuisance of ill-considered claims.
Product liability insurance for painters
The recommended level of cover in Illinois is dependant on the range of premises that you decorate as well as the value of sales.
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Commercial vehicle insurance for painters
If you are doing your own deliveries with truck, then you must have a special policy giving you commercial vehicle insurance in Illinois for the vehicle, the driver and the contents.
Remember that if you supply the coatings that you will be applying, then as soon as the cans leave your premises in IL on the way to your workplace, your standard insurance stops cover.
Commercial insurance for painters
You are already tying-up a large 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 Illinois is especially designed to take into account the risks that can end up losing your money.
Property insurance for painters
Illinois carries special risks when it comes to buildings, and each business must take out the necessary cover to protect property and contents.
As well, the possibility of disasters is increasing because of climate change, so every paint depot should take care to get all the insurance necessary to cover even the most remote possibility.
Business Income insurance for painters
There have been cycles in Illinois that have hit the contractor painting sector businesses hard.
Getting proper insurance is wise and it’s necessary 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 IL
Although every contractor is unique, there are enough examples of usual quotes from insurance companies in Illinois for us to give rough guidelines.
Of course, you should always check with an insurance representative of what’s relevant for your business.
The below list is for annual premiums for the main types of insurance retailers need in Illinois.
|Types of insurance||Price range|
|Commercial insurance||$853 – $2405|
|Commercial vehicle insurance||$1630 – $3112|
|General liability insurance||$340 – $860|
|Public liability insurance||$296 – $674|
|Business income insurance||$420 – $1073|
|Property insurance||$597 – $1253|
The Cost of insurance in Illinois depends on many different factors
We have calculated these figures for small freelance paint contracting businesses in Illinois. 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 different risk from fire compared to a sub-contractor working for homeowners and carrying out minor repair and touch-up jobs in suburban dwellings in IL, so the costs of the insurance will be very different.
Why do you need business insurance in Illinois?
Due to local laws, there is a small business requirement in Illinois 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 Illinois, there may be prerequisites for the levels of insurance in order to qualify to be permitted to undertake 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 Illinois – this is general and covers only the states that do have licensing.
Remember, insurance is especially designed to take into account the risks in Illinois 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 Illinois, because of the need to be working on ladders and scaffolds.
These higher risks of accidents happening to passers-by, and should be covered by general liability insurance.
Many other general service providers, such as groundskeepers and landscapers, fencing contractors, handymen in Illinois, electricians 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 Illinois, 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 web 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 – 8:00 AM – 6:00 PM
Thursday – 8:00 AM – 6:00 PM
Wednesday – 8:00 AM – 6:00 PM
Thursday – 8:00 AM – 6:00 PM
Friday – 8:00 AM – 6:00 PM
Saturday – 7:00 AM – 1:00 PM