Pest insurance covers liability for physical or property damage caused by pest control companies. It may also cover pollution, employee injuries, and theft/fraud by employees. Coverage depends on the size and offerings of the company.
Pest insurance is provided by pest control companies and exclusive exterminators. Typically, this type of insurance is intended to cover the company’s liability in the event it causes physical or property damage. Pest insurance may also cover company vehicles, tools and equipment; pollution caused by the company; and employee injuries. Often, these companies also have employee dishonesty insurance, which provides protection in the event an employee steals from a customer or commits some type of fraud.
Pest control services typically apply a range of chemical pesticides within residences and commercial properties. In some cases, this type of business may also apply chemicals around the perimeter of a customer’s property. When pest control chemicals are used, there is a possibility that the chemicals could harm the health of a human or animal. It is also possible for such chemicals to damage a customer’s property; Property damage can even occur during some types of pest inspections. Pest insurance provides the company with financial coverage in the event of an injury, a claim for damages, or a lawsuit.
Many pest control companies take great pains to make sure they use chemicals that are not dangerous to their customers or harmful to their property. When using harmful chemicals, they often take precautions to minimize the risk. Sometimes, however, things go wrong, despite a pest control company’s best efforts. Pest insurance is generally intended for cases where things go unexpectedly. Often this type of company purchases coverage not only for personal injury or property damage that may affect a customer, but also for various types of pollution that the company may cause or contribute to.
In addition to liability and property damage coverage, a business may also have pest control insurance that covers its vehicles and equipment. Often, these companies also purchase workers’ compensation insurance, employment practices coverage, and business income coverage. A pest control company can even purchase insurance that covers claims that arise due to employee dishonesty.
The type of pest control insurance coverage a business needs may depend on its size, customer base, service offerings, and insurance coverage requirements in its jurisdiction. The amount of coverage a company needs often depends on how likely a company’s activities are to generate a claim. An experienced insurance representative can often help people in this industry figure out how much insurance they need.
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