As a responsible business owner or manager, you pay careful attention to the needs of your company and its employees. You make sure that your workers’ compensation policy covers every employee. You have a general liability policy to help protect your company against financial losses. You make sure that your vehicle liability policy covers every car or truck that your company owns. When you need a local Long Island asphalt paving company, you want to find one as conscientious as you are about insurance.
What Would a General Liability Policy for an Asphalt Paving Company Cover?
Essentially, a Long Island asphalt paving company’s general liability policy covers losses that others suffer. It does not cover the company’s employees; that would be the paving asphalt contractor’s workers compensation policy. However, it would cover an injury to one of your employees. It would also cover injuries to people who are not employees of either company. Your Suffolk County paving contractor’s policy would also pay to replace or repair property damage his workers cause. The property in question could be your own, or it could belong to a neighboring business or even a passing motorist. Try to find an asphalt contractor with a general liability policy limit of $500,000 or more.
Do Local Asphalt Paving Companies Need Vehicle Liability Insurance?
Just like every other driver in the state, a Nassau County asphalt paving contractor must carry vehicle liability insurance. Whether the vehicle in question is a pickup, a compact car, or a dump truck is irrelevant. The asphalt contractor must carry at least the mandatory minimum coverage.
What Is the Importance of Workers’ Comp for an Asphalt Paving Company?
As you probably know, your workers’ comp policy only covers your own employees. It will not cover the contractor’s employees, and it will not cover any other person injured on your property. Workers must handle paving asphalt with extreme caution to avoid burns or potential work-related illnesses. If your Long Island asphalt paving contractor does not carry workers’ comp, injured workers could file a lawsuit against you.
Should a Local Asphalt Company Carry an Umbrella Insurance Policy?
Umbrella insurance is coverage that typically does not kick in until a claim exceeds the limit for another policy. For example, suppose a Suffolk County paving contractor’s vehicle liability policy has a limit of $25,000 for property damage. One of the contractor’s dump truck drives inflicts $75,000 worth of property damage. The contractor’s vehicle liability policy would cover $25,000, and his umbrella insurance could cover the remaining $50,000. Umbrella insurance policies typically have a limit of at least $1 million. Although they are not mandatory, they can help protect both the paving asphalt company and its clients.
For a Trustworthy Long Island Asphalt Paving Contractor, Contact Royal Pavement Solutions
Royal Pavement is the leading commercial asphalt company in Long Island. We are fully insured, have an impeccable reputation, and possess the expertise to deliver exceptional work. Our services include sealcoating, asphalt paving, asphalt milling, asphalt repair, lot striping, and asphalt crack repair. We also offer concrete work, sweeping and portering, building maintenance, and site work. To request a free quote, you can submit our online form, or you can call 844-777-7924.