If you own a water treatment business, you work hard to make sure that your customers have clean water that is up to standards. However, have you ever thought about who’s looking out for your business? There are risks to owning a water treatment business and it is very important that you have your back covered. This is where water treatment insurance comes in.
Why Does Your Business Need Water Treatment Insurance?
Insurance isn’t free and you may not like the idea of adding yet another cost to your list. However, it can actually save you a lot of money down the line if something goes wrong. Even the most common incidents can be immensely costly. For example, customer injury or damage will generally cost you around $30,000. If a customer slips and falls, it can cost you around $20,000. It is easy to think that nothing will ever happen to your company, however, 43% of small business owners are threatened with or involved in a lawsuit at some point.
What Kind of Insurance Does Your Water Treatment Business Need?
When building your insurance plan for your water treatment business, you need to have general liability insurance and workers’ compensation. These two types of insurance will provide you with a wide net of coverage to ensure that you pay as little out of pocket as possible.
If you are in the water treatment business, it is vital that you protect yourself and your company in case something goes wrong. Having water treatment insurance can make all the difference.