Power Washing Insurance

Do You Know the 3 Big Mistakes of Power Wash Insurance?

If you are in the power wash industry, you may want to take a closer look at your insurance. You could be losing your hard earned profits and leaving yourself unprotected, here are the 3 biggest mistakes made by professional power washers!

So many companies that offer insurance in the power wash industry base their premium cost on gross sales. This means the more clients you get, the higher the premium, and the lower the profit. If you’re with a company that raises your premium when you increase your sales, you’re watching your money go down the drain. Your premium should never increase for growing your business.

Care, Custody, & Control
Don’t settle for faulty workmanship coverage. As an artisan contractor, you provide your service at the customer’s premises. Some or all of the premises or equipment may be deemed to be in the “Care, Custody and Control” of the contractor. This means that if you (the contractor) damage the customer’s property, your General Liability policy will decline to provide coverage, citing the Care, Custody and Control exclusion that is in the General Liability contract. If you do not have this coverage, it’s important to ask to ensure you are protected financially. Joseph D. Walters alone pays millions every year for power wash damages, which you would be left to pay on your own without this type of policy.

Lack of Expertise
One of the most common mistakes we come across in this industry is that companies buy from someone with a lack of expertise. They don’t know what you need or how to properly protect you and your business, meaning if something happens, you get left uncovered and unprotected. There are plenty of agencies that will sell you a one size fits most policy quickly and cash your check, but these companies don’t have the necessary background or knowledge to ensure you get the insurance you need, and it only hurts you and your business in the end.

The bottom line is, if it seems too good to be true, it likely is. You work hard to grow your business and support yourself and your loved ones, why let an insurance company take advantage of you? Whether you are just staring your power wash company or have been in the business for years, take a look at your policy to guarantee it is looking out for your best interest and not just a quick sale. For more information on power wash insurance or to speak with our industry experts, visit josephdwalters.com or call us today at 1-800-878-3808 for a fast quote. Joseph D. Walters has been exclusively working in the power wash insurance industry since 1978 and we have the knowledge to get you exactly what you need fast.