Whether you run an industrial water treatment firm or you deal in the distribution of water treatment chemicals, it is very important for you to understand how to protect your business from the risks of your industry. One of the easiest ways to guarantee your safety and encourage long-term success is by taking out the right insurance plan. When your coverage includes all of the common risks of your industry and then some, it can provide you with the peace of mind you need. Consider these points to learn more.
What You Need
The cornerstone of any water treatment business insurance policy is general liability. This covers all your bases in the most general sense and gives you a foundation you can build from. Next, you need to think about the specific exposures related to the nature of your business operations. Pollution liability is key for most companies involved with water treatment, as is products liability when any type of product is offered in addition to services. Excess coverage is also recommended, as it can deliver an extra safety net for business owners. Additional points to consider include:
- Property insurance
- Commercial auto coverage
- Machinery and boiler insurance
When To Act
By having a general idea of what to expect with your insurance plan, you can start to see better results from your coverage. Take time to review the basics and see what you can do to stay protected at all times.