Painters and Painting Contractors insurance in Kentucky – KY – policies and cost
Painters and Painting Contractors insurance in Kentucky – KY – is a crucial type of insurance to have for any company who conducts business offering their services to the public for painting and decorating.
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A painter that is contracting the public is at risk to many different kinds of dangers every time he or she opens a can and dips a brush.
If you’re a painter, you should buy painter liability insurance, and here’s why!
What actions do painting contractors do in Kentucky?
First, a house painter should not to be confused with an interior decorator.
The latter generally has some sort of training or certification, and so they need to get their own liability insurance in Kentucky.
A house painter in Kentucky is likely to be self-trained and to earn less than the average interior decorator in KY.
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 Kentucky to cover all possible risks.
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What education do painters need?
Painters usually learn on the job how to apply coating and the other such vital skills.
In many states, painters may have to complete additional safety training when they work with scaffolding.
In some states, apprenticeships may be offered for candidates who have a high school diploma combining technical training before becoming self-employed.
What registrations are there for specialized work?
For scientific painting, you can apply for 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 Kentucky was employed in painting and decorating in 2020.
What are the standard forms of paint contractors’ insurance policy types in Kentucky?
General liability insurance for painters
Cover against general claims stemming from bodily injuries and property damage caused by your business is given by general liability insurance.
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The usual general liability policy for painters in Kentucky would be with a boundary of $1 million for a single submission and a total of $2 million for the whole year.
Professional liability insurance for painters
Most painters or decorators in Kentucky should have a cover level of at least $10000, and usually choose much more when their own kind 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 standard level of cover in Kentucky is calculated on the range of premises that you paint as well as the level of sales.
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Commercial vehicle insurance for painters
If you are doing your own issuing with truck, then you must have a special policy giving you commercial vehicle insurance in Kentucky for the vehicle, the driver and the contents.
Remember that if you supply the paints that you will be applying, then immediately after the cans leave your premises in KY on the way to your worksite, 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. Apart from the stock of raw material there’s a large investment in your tools and equipment, scaffolding etc.
Commercial insurance in Kentucky is especially designed to take into account the occurrences that can end up losing your money.
Property insurance for painters
Kentucky carries special risks when it comes to buildings, and any business must take out the necessary cover to protect property and contents.
As well, the possibility of floods is increasing because of climate change, so every paint depot should take care to get all the protection necessary to cover even the most remote possibility.
Business Income insurance for painters
There have been developments in Kentucky that have hit the contractor painting sector businesses hard.
Getting proper cover is clever and it’s better 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 KY
Although every decorator is unique, there are enough examples of average quotes from insurance companies in Kentucky for us to give rough guidelines.
Of course, you should always check with an agent of what’s relevant for your business.
The below list is for annual premiums for the main types of insurance retailers need in Kentucky.
|Types of insurance||Price range|
|Property insurance||$513 – $1028|
|General liability insurance||$347 – $1029|
|Business income insurance||$405 – $1442|
|Commercial vehicle insurance||$1619 – $3121|
|Commercial insurance||$1041 – $2318|
|Public liability insurance||$331 – $562|
The Cost of insurance in Kentucky depends on many different factors
We have calculated these figures for small independent paint contracting businesses in Kentucky. 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 varied inventory of painting supplies has a much different risk from fire compared to a sub-contractor working for homeowners and conducting minor repair and touch-up jobs in suburban dwellings in KY, so the costs of the insurance will be very different.
Why do you need business insurance in Kentucky?
Due to local regulations, there is a small business requirement in Kentucky that almost all 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 Kentucky, there may be requirements for the levels of insurance in order to qualify to be granted to do 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 Kentucky – this is general and covers only the states that do have licensing.
Remember, insurance is especially designed to take into account the risks in Kentucky 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 an essential 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 Kentucky, 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 groundskeepers and landscapers, plumbers, handymen in Kentucky, 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 Kentucky, 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 – 6:30 PM
Thursday – 8:00 AM – 6:30 PM
Wednesday – 8:00 AM – 6:30 PM
Thursday – 8:00 AM – 6:30 PM
Friday – 8:00 AM – 6:30 PM
Saturday – 7:00 AM – 1:30 PM