Best Business Insurance for Commercial Building Painters in 2024 (Top 10 Companies)
Get the best business insurance for commercial building painters from Progressive, Farmers, and Nationwide, spotlighting their competitive rates and discounts of up to 25%. These companies excel in coverage options for painters and commercial building decorators, offering the best value and services.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
UPDATED: Oct 22, 2024
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Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: Oct 22, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
13,128 reviewsCompany Facts
Full Coverage for Commercial Building Painters
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
2,903 reviewsCompany Facts
Full Coverage for Commercial Building Painters
A.M. Best Rating
Complaint Level
Pros & Cons
2,903 reviews
3,019 reviewsCompany Facts
Full Coverage for Commercial Building Painters
A.M. Best Rating
Complaint Level
Pros & Cons
3,019 reviews
As outlined in our Progressive insurance review they have affordable rates, making it the best choice for those looking to balance cost with comprehensive protection.
Our Top 10 Picks: Best Business Insurance for Commercial Building Painters
Company Rank Multi-Policy Discount Claims-Free Discount Best For Jump to Pros/Cons
#1 10% 15% Customizable Policies Progressive
#2 12% 20% Multi-Policy Discounts Farmers
#3 15% 25% Industry-Specific Discounts Nationwide
#4 10% 20% Customizable Coverage The Hartford
#5 10% 15% Comprehensive Coverage Liberty Mutual
#6 15% 20% Local Presence State Farm
#7 10% 15% Bundled Policies Allstate
#8 12% 20% Tailored Coverage Auto Owners
#9 15% 25% Military Savings USAA
#10 10% 15% Online Tools Travelers
The article dives into the specifics of what makes these companies ideal for painters and commercial building decorators, detailing their unique offerings and benefits.
Find affordable options for commercial insurance by entering your ZIP code above into our free comparison tool.
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#1 – Progressive: Top Overall Pick
Pros
- Competitive Rates: Progressive offers an enticing average monthly rate ensuring affordability for businesses.
- Strong Financial Rating: Progressive insurance review & ratings showcases financial stability, instilling confidence in its reliability.
- Low Complaint Level: The company maintains a low complaint level, indicating a high level of customer satisfaction and service.
Cons
- Limited Industry Discounts: Progressive’s industry-specific discounts may be more limited compared to other providers, potentially limiting customization options.
- Fewer Additional Discounts: While offering customizable policies, Progressive provides fewer additional discounts compared to some competitors.
#2 – Farmers: Best for Additional Discounts
Pros
- Generous Discounts: Farmers insurance review & ratings provides substantial discounts with programs like BrushMaster Protection ensuring potential savings for commercial building painters.
- Diverse Additional Discounts: With a variety of additional discounts, such as Multi-Policy Discount, Farmers offers flexibility in reducing insurance costs.
- Financial Stability: Similar to Progressive, Farmers holds an A rating from A.M. Best, signaling financial strength and stability.
Cons
- Higher Average Monthly Rate: The average monthly rate is comparatively higher, potentially impacting overall cost-effectiveness.
- Occasional Complaints: While generally low, Farmers experiences occasional complaints, suggesting a moderate level of customer concerns.
#3 – Nationwide: Best for Affordable Rates
Pros
- Affordable Rates: Nationwide insurance review & ratings provides a competitive average monthly rate, offering cost-effective coverage for businesses.
- Top Financial Rating: With an A+ rating from A.M. Best, Nationwide demonstrates exceptional financial stability and reliability.
- Industry-Specific Discounts: Nationwide caters to the industry with CommercialPainter Assurance, tailoring coverage to the unique needs of commercial building painters.
Cons
- Limited Additional Discounts: Nationwide’s range of additional discounts may be more constrained, potentially limiting options for further cost reduction.
- Occasional Complaints: Similar to Farmers, Nationwide encounters occasional complaints, indicating occasional customer dissatisfaction.
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#4 – The Hartford: Best for Customizable Coverage
Pros
- Generous Discounts: The Hartford business insurance review offers significant discounts with the Painter’s Shield Plan contributing to potential cost savings for commercial building painters.
- Diverse Additional Discounts: With a Multi-Policy Discount, The Hartford provides additional opportunities for businesses to reduce insurance costs.
- Customizable Coverage: Painter’s Shield Plan allows for customizable coverage, enabling businesses to tailor insurance to their specific needs.
Cons
- Higher Average Monthly Rate: While offering substantial discounts, The Hartford’s average monthly rate for good drivers might be relatively higher, impacting overall affordability.
- Mixed Customer Reviews: Some customers report dissatisfaction, suggesting that experiences with The Hartford can vary, and individual preferences may play a role.
#5 – Liberty Mutual: Best for Equipment Protection
Pros
- Comprehensive Coverage: Liberty Mutual offers PaintCraft Coverage, ensuring a comprehensive insurance solution for commercial building painters.
- Equipment Protection Discount: With a specific focus on protecting equipment through discounts, Liberty Mutual addresses the unique needs of businesses reliant on specialized tools.
- Strong Financial Stability: Liberty Mutual review & ratings boasts financial strength, which is crucial for businesses seeking a stable and reliable insurance provider.
Cons
- Slightly Higher Average Monthly Rate: The average monthly rate for good drivers, while competitive, may be slightly higher than some competitors, impacting overall cost considerations.
- Mixed Customer Service Reviews: Liberty Mutual experiences mixed customer service reviews, indicating that satisfaction levels can vary among policyholders.
#6 – State Farm: Best for Industry-Specific Discount
Pros
- Local Presence: State Farm stands out with its local presence, providing businesses with accessibility and a personal touch in their insurance relationships.
- PaintersGuard Assurance: State Farm insurance review & ratings caters to the industry with PaintersGuard Assurance, addressing the specific needs of commercial building painters.
- Multi-line Discount: With a Multi-Line Discount, State Farm offers additional savings opportunities for businesses bundling multiple insurance policies.
Cons
- Limited Industry-Specific Discounts: State Farm may offer fewer industry-specific discounts compared to some competitors, potentially limiting tailored options for commercial painters.
- Varied Customer Experiences: Customer experiences with State Farm can vary, with some reporting mixed satisfaction levels, suggesting that individual interactions play a role.
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#7 – Allstate: Best for Bundled Policies
Pros
- Bundled Policies: Allstate offers bundled policies with CanvasSafe Savings, providing businesses with potential cost savings by combining different coverage types.
- Business Security Discount: Prioritizing security, Allstate provides a Business Security Discount, ensuring protection against potential risks.
- Wide Range of Coverage Options: Allstate offers a diverse range of insurance products and coverage options, allowing customers to tailor their policies to meet their specific needs and preferences.
Cons
- Occasional Complaints: Allstate encounters occasional complaints, indicating that some customers may experience issues, although the overall complaint level remains relatively low.
- Slightly Higher Average Monthly Rate: The average monthly rate for good drivers is slightly higher, impacting the overall affordability compared to some competitors.
#8 – Auto-Owners: Best for Customized Business Plan
Pros
- Tailored Coverage: Auto-Owners insurance review & ratings distinguishes itself with BrushStroke Coverage, offering tailored insurance solutions for commercial building painters.
- Customized Business Plan: With a focus on customization, Auto-Owners provides a Customized Business Plan, allowing businesses to adapt coverage to their specific needs.
- Exceptional Customer Service: They prioritize building strong relationships with their clients and providing personalized assistance every step of the way, from selecting the right insurance policy to filing claims efficiently.
Cons
- Limited Industry-Specific Discounts: Auto-Owners may offer fewer industry-specific discounts, potentially limiting options for businesses seeking specialized coverage.
- Varied Customer Experiences: Customer satisfaction with Auto-Owners can vary, suggesting that individual preferences and experiences play a role in overall satisfaction levels.
#9 – USAA: Best for Military Savings
Pros
- Exclusive Member Discounts: USAA offers exclusive discounts for its members, providing potential cost savings for military-affiliated businesses.
- Military Savings: Tailored for military members, USAA ensures specialized coverage and discounts, catering to the unique needs of businesses associated with the armed forces.
- PatriotPainter Assurance: USAA’s specialized coverage, PatriotPainter Assurance, offers discounts, ensuring comprehensive protection tailored to the unique risks of commercial painting operations.
Cons
- Limited Accessibility: USAA insurance review & ratings exclusive membership limits accessibility to military personnel and their families, making it unavailable to a broader audience.
- Limited Industry-Specific Discounts: While offering exclusive member benefits, USAA may provide fewer industry-specific discounts compared to some competitors, potentially limiting customization options.
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#10 – Travelers: Best for Online Tools
Pros
- Online Tools: Travelers insurance review & ratings provides ArtisanPainter Protection with a focus on online tools, offering businesses convenient and accessible resources for managing their insurance.
- ArtisanPainter Protection: Travelers offers specialized coverage with a 15% discount, addressing the unique risks of commercial painting operations.
- Safety Training Discount: Commercial painters can benefit in discounts by completing safety training with Travelers, promoting a safer workplace and reducing insurance costs.
Cons
- Limited Discounts: While offering ArtisanPainter Protection, Travelers may provide fewer additional discounts compared to some competitors, potentially limiting cost-saving opportunities.
- Varied Customer Experiences: Travelers experiences mixed customer reviews, suggesting that individual experiences with the company can vary, impacting overall satisfaction.
Protecting Your Property With Business Insurance for Commercial Building Painters
As a professional commercial building painter, safeguarding your property from potential risks is paramount. Not only does it ensure the longevity and aesthetic appeal of the structures you work on, but it also underscores your commitment to quality craftsmanship and client satisfaction.
Jeff Root Licensed Life Insurance Agent
Having the right business insurance coverage in place ensures that you can minimize financial burdens and focus on your work. Here are the key ways business insurance protects your property:
- Property Damage Coverage: Insurance covers accidental damage to your property and your clients’ property during painting projects. Whether it’s spills, paint splatters, or damage to surfaces, having coverage ensures that repair and replacement costs are taken care of, maintaining positive client relationships.
- Equipment Damage Protection: Insurance protects your painting equipment from damage or theft. If your tools, supplies, or machinery are damaged, the coverage provides funds for repairs or replacements, minimizing downtime and financial losses.
- Business Interruption Insurance: In the event of a covered loss, such as a fire or severe damage to a building, business interruption insurance helps manage the financial impact. It covers lost income and additional expenses during the period when your business cannot operate, ensuring stability until you can resume work.
- Liability Protection: Liability insurance safeguards your business from lawsuits and claims arising from accidents or injuries on the job site. It covers legal defense costs, medical expenses, and potential settlements, protecting your financial well-being and professional reputation.
- Risk Assessment and Safety Measures: While insurance is important, it’s equally vital to assess risks and implement safety measures. Regular risk assessments, safety training, and following industry best practices reduce the likelihood of incidents and create a safer work environment.
By having the right insurance coverage and taking preventive measures, you can protect your property, minimize liabilities, and ensure the success of your commercial building painting business.
Taking Care of Your Team: Business Insurance for Commercial Building Painters
As a commercial building painter, taking care of your team is crucial for a successful and safe work environment. Alongside workers’ compensation insurance, there are other important insurance policies to consider to protect your team.
Beyond providing workers’ compensation insurance, which offers financial protection for employees in case of work-related injuries or illnesses, it’s essential to explore other critical insurance policies that can further safeguard your team and your business. Here are some key insurance coverages:
- General Liability Insurance: This coverage protects your business from third-party bodily injury or property damage claims that may occur during your painting projects. It safeguards against potential lawsuits and financial burdens.
- Umbrella Insurance: An umbrella policy provides additional liability coverage beyond your existing policies. It offers extra protection in case the limits of your primary policies are exceeded, giving you added peace of mind.
- Professional Liability Insurance: Professional liability insurance covers claims arising from professional errors, negligence, or omissions. It is particularly valuable when working on complex projects or providing specialized painting services.
- Employment Practices Liability Insurance (EPLI): EPLI protects your business against claims related to employment issues, such as discrimination, wrongful termination, or harassment. It helps cover legal expenses and potential settlements or judgments.
- Employee Theft and Crime Coverage: This coverage safeguards your business from financial losses resulting from theft or fraudulent activities committed by employees. It helps you recover losses and maintain trust with clients.
By ensuring you have these insurance coverages in place, you prioritize the well-being of your team and protect your business from potential risks.
Business Insurance Monthly Rates for Commercial Building Painters by Coverage Level & Provider
Insurance Company Minimum Coverage Full Coverage
Allstate $50 $110
Auto-Owners $55 $115
Farmers $50 $110
Liberty Mutual $60 $120
Nationwide $48 $105
Progressive $45 $100
State Farm $45 $100
The Hartford $55 $115
Travelers $48 $105
USAA $42 $95
Work with an experienced insurance provider to customize these policies to your specific needs and create a safer work environment for your commercial building painting business.
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Covering Your Operations With Business Insurance for Commercial Building Painters
Commercial building painters face specific risks and challenges in their operations. To ensure the smooth running of your business, it’s important to have the right insurance coverage in place. Here are the key types of insurance that commercial building painters should consider:
- General Liability Insurance: This coverage protects you in case of accidents or property damage that occur during your painting projects. It provides financial protection against third-party bodily injuries, property damage, and associated legal costs.
- Completed Operations Insurance: This insurance covers any property damage or injuries that may arise after you have completed a painting project. It provides continued protection even after your work is finished.
- Umbrella Insurance: Umbrella insurance provides additional liability coverage beyond the limits of your primary insurance policies. It acts as an extra layer of protection in case of severe accidents or lawsuits that exceed your policy limits.
- Pollution Liability Insurance: This coverage is important if your painting projects involve the use of paints, coatings, or chemicals that could potentially cause environmental pollution. It covers the costs associated with cleanup, remediation, and legal claims related to pollution incidents.
- Contractor’s Equipment Insurance: This insurance protects your valuable equipment and tools used in your painting operations. It covers theft, damage, or loss of your equipment, ensuring that you can quickly replace or repair them.
- Business Interruption Insurance: In case of unexpected events such as fires or natural disasters that disrupt your business operations, business interruption insurance provides coverage for the income you would have earned during the interruption period and additional expenses required to get your business back on track.
- Professional Liability Insurance: If you provide advice or guidance to clients regarding color selection or surface preparation, professional liability insurance protects you from claims of negligence or errors in your professional services. It covers legal defense costs and potential damages awarded to clients.
Assess your specific needs and consult with an experienced insurance provider to tailor the right commercial insurance package for your commercial painting business. Having the appropriate coverage in place will give you peace of mind and protect your business from potential financial losses.
Case Studies: Real-Life Examples of Business Insurance for Commercial Building Painters
Dive into the transformative power of business insurance with these real-life case studies showcasing how commercial building painters navigated unforeseen challenges and protected their operations.
- Case Study #1 General Liability Insurance: While repainting a retail store’s interior, a Smithson Painting Co. painter accidentally knocked over a display shelf with a ladder, damaging valuable merchandise. Their general liability insurance covered the replacement costs, safeguarding their client from financial loss and preserving their business relationship.
- Case Study #2 Completed Operations Insurance: Several months after Brightside Painting Contractors completed a painting project at a commercial office building, the owner discovered water leaks and damage, attributing the faults to Brightside and filing a claim. Brightside’s completed operations insurance covered the costs of investigation, repairs, and ensured client satisfaction.
- Case Study #3 Umbrella Insurance: While painting a multi-story hotel, an accident by a Harmony Painting Services employee led to a guest’s injury and subsequent lawsuit. Harmony’s umbrella insurance provided essential coverage for legal expenses and settlement costs, safeguarding the company from severe financial impact.
- Case Study #4 Pollution Liability Insurance: During a repainting project by Evergreen Painting Co., a spill of paint thinner into the building’s ventilation system caused strong odors and health concerns, exposing the company to potential liability. Their pollution liability insurance promptly covered remediation, cleaning, and legal claims, mitigating the financial impact on the company.
These case studies illustrate the critical role that tailored business insurance plays in safeguarding commercial painting businesses against diverse risks and ensuring their resilience and client satisfaction.
Summing Up: Protecting Your Commercial Painting Business
The best business insurance tailored for commercial building painters is essential for safeguarding your operations. By understanding the key types of insurance available, you can make informed decisions to protect your business and minimize risks.
General liability insurance covers accidents and property damage, while completed operations insurance extends coverage beyond project completion. Umbrella insurance provides additional liability protection, and pollution liability insurance addresses environmental risks.
Laura Walker Former Licensed Agent
Contractor’s equipment insurance safeguards your tools, while business interruption insurance helps during disruptions. Professional liability insurance protects against claims related to advice or services.
Investing in the right insurance demonstrates your commitment to your business’s well-being and compliance. Working with a reputable insurance provider ensures customized coverage for your specific needs. Protect your commercial painting business and navigate projects confidently with proper insurance coverage.
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Frequently Asked Questions
What are the top insurance companies for commercial building painters in 2024?
Progressive, Farmers, and Nationwide are highlighted as top choices due to their competitive rates and comprehensive coverage.
What factors make Progressive a top pick for commercial building painters?
Progressive offers the most affordable rates, making it ideal for balancing cost with extensive protection.
What additional benefits does Farmers Insurance provide to commercial painters?
Farmers offers additional discounts on commercial insurance which can be beneficial for reducing overall insurance costs for commercial painters.
What makes Nationwide stand out for commercial building painters?
Nationwide is known for its affordable rates and robust insurance coverage options, making it a valuable option for painters.
Enter your ZIP code into our quote comparison tool below to secure cheaper insurance rates for your business.
What type of coverage is crucial for commercial building painters?
General liability insurance is crucial as it covers accidents and property damage related to the painting operations.
How can commercial building painters benefit from business interruption insurance?
Business interruption insurance helps cover lost income and operating expenses if the business is temporarily unable to operate.
What is professional liability insurance and why might painters need it?
Professional liability insurance protects against claims related to advice or services provided, crucial for painters who consult or offer specialized services.
Why is equipment protection insurance recommended for painters?
Equipment protection insurance covers the cost of repairing or replacing painting tools and machinery, which are vital for their business operations.
What is the significance of the A.M. Best rating in choosing an insurance provider?
The A.M. Best rating indicates the financial strength and creditworthiness of insurance companies, helping painters choose a reliable insurer.
Can commercial painters get discounts on insurance?
Yes, companies like Farmers and State Farm offer industry-specific discounts that commercial painters can avail.
What should painters consider when comparing insurance quotes?
Painters should consider coverage options, premium costs, company reputation, customer service, workers’ compensation insurance, and additional benefits like discounts.
How often should commercial painters review their business insurance coverage?
Commercial painters should review their insurance coverage annually or whenever there are significant changes to their business operations or assets.
Our free comparison tool makes it easy to stick to your business insurance budget – enter your ZIP code below to get started.
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Dani Best
Licensed Insurance Producer
Dani Best has been a licensed insurance producer for nearly 10 years. Dani began her insurance career in a sales role with State Farm in 2014. During her time in sales, she graduated with her Bachelors in Psychology from Capella University and is currently earning her Masters in Marriage and Family Therapy. Since 2014, Dani has held and maintains licenses in Life, Disability, Property, and Casualt...
Licensed Insurance Producer
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
