Managing a water treatment company involves finding solutions to mitigate the risks inherent to the industry. In order to keep your firm protected, it’s important to find the right insurance for water treatment companies. Here are the core facts that can help you find your coverage.
The Insurance You’ll Need Depends on Your Exposures and Treatment Services
As you start to shop for your insurance policy, consider the specific needs of your firm based on your services and the subsequent risks you may be exposed to. For example, a treatment chemical distributor may have different coverage needs than a cooling system servicer. Some categories of firms that may require comprehensive insurance are:
- Water treatment chemical distributors or professional blenders
- Boiler servicing systems
- Commercial or industrial water treatment companies
Your Coverage Should Protect Your Firm’s Assets and Include Common Liabilities
When securing a water treatment policy, make sure your coverage protects two main areas: your company’s physical assets, and the possibility of claims against you. Some of the coverage to look for includes:
- Product recall coverage and product liability
- Workers’ compensation
- Pollution and Hazmat liability
- Property and auto insurance
- General and professional liability
- Cyber attack and data breach coverage
In the water business, the inherent industry liabilities require comprehensive insurance for water treatment companies to protect the firm, its employees and its clients. Remember these key facts as you shop for your firm’s policy.