Contracting can be dangerous work if you aren't careful. Your work involves sensitive machinery and a lot of physical labor. If you work in general construction, repairs, plumbing, electricity or even house cleaning, you might find your equipment is a hazard.
Not only is equipment potentially hazardous, but it's also expensive. Equipment loss could spell a problem for your commercial productivity. Therefore, when buying business insurance, consider specifically the role of the equipment. Then, take steps to keep yourself safe while using it.
Insurance for Contracting Equipment
Business insurance often takes a multi-tiered approach when it comes to equipment safety. You have to protect the equipment, but you also have to protect yourself while using it.
- Your property insurance can often help you repair or replace equipment. Still, you often have to augment this coverage to extend protection to all equipment at all times. The protection you need might include: Breakdown (Boiler and Equipment) protection, commercial auto coverage, and mobile equipment protection.
- Equipment - be it a car, blow torches or hammers - could result in injuries for customers or employees. Benefits like general liability, professional liability, product liability and workers compensation coverage often prove vital in contracting.
Enforcing Safety for Equipment Use
Insurance won't prevent accidents from happening, even if it helps you when they occur. It's often imperative that businesses reduce equipment safety risks at all costs. Doing so will create a safer environment in your company. It might also make the insurance claims process easier, as an insurance company might have fewer reasons to deny claims based on negligence.
Here are some important safety tips.
- Perform regular maintenance on all equipment. Keep records of this maintenance. If you cannot perform maintenance yourself, enlist a professional. Do not make repairs without being certain you can fix the problem.
- Require all contracting employees to train on the use of their respective equipment. Do not allow employees to operate machinery they do not understand how to use. Train them to recognize potential malfunctions as they develop.
- Enforce all safety rules required by entities such as OSHA and state regulators.
- Require all employees to wear protective gear as needed.
- Set up a reporting pipeline to address developing equipment problems. Take all reports of machinery breakdown seriously. Institute damage control mechanisms immediately.
- Keep emergency repair and shutdown equipment on hand. You should also have access to medical equipment in the event injuries result.
Proper equipment care can help your contracting business perform optimally. However, the right insurance can help you in the event accidents occur. Contact an Atlantis Insurance agent to learn more.