Accidents can happen in the repair shop, on the road and in customers’ homes. We offer Appliance Repair Shop Insurance programs that suit the unique needs of the industry, including General Liability, Workers’ Compensation, Crime, Property and more.
The primary premises liability risks involve injury to third parties. For example, a customer or delivery person could trip on a tools or loose parts lying about or a power cord. They could sustain serious injuries requiring costly medical care and even lose income if kept out of work while recuperating. There are also the potential damages that could occur at customers’ homes and workplaces during off-premise appliance repair jobs. For example, a repairman could start a fire while working on a damaged appliance in a customer’s home. General Liability also offers protection from product liability lawsuits that could arise from faulty parts that cause an injury or damage.
Typical employee injuries in this industry are hernias and back injuries due to lifting and moving heavy appliances and electrical shocks and burns that can occur during repair work. A worker who ruptures a disk when reinstalling a dishwasher an requires back surgery will have extensive medical and physical rehabilitation bills that will be covered by Worker’s Comp. He or she will also be compensated for lost wages during that time.
The risk of an automobile accident can be very high for appliance repair shops if workers deliver and/or fix appliances at the homes and workplaces of customers. Business Auto Insurance will cover the cost of repairs or replacement of company-owned vehicles damaged in an accident. Due to frequent use of vehicles making repair calls, the chances of liability resulting from an at-fault accident are high.
Fire is a concern for appliance repair shops if employees are working with electrical wiring, flammables or combustibles, and the risk is elevated if flammable or combustible materials are not stored properly in fireproof containers. If valuable appliances are being repaired, theft by third parties is also a concern. The risk of appliance theft is especially high when employees transport appliances to and from customers’ homes or workplaces.
Severe weather is also a risk for any business. Lightning, hail, high winds and torrential rain can all cause serious damage to buildings and the property in them. For instance, roof damage and resulting water intrusion from rain could damage floors, walls and furniture, equipment and appliances. Property insurance covers the cost of repairs and replacements, and even loss of income if the business cannot operate while repairs are being made.
There is always a risk of third parties and dishonest employees stealing money and property from appliance repair shops. A bookkeeper can embezzle funds or use business credit card information illegally. Dishonest workers can also steal tools and other property.