In one form or another, the concept of insurance has existed for more than 3,700 years. For example, the Code of Hammurabi contained several laws on the subject, including one that held a shipbuilder liable for replacing an unseaworthy vessel that was lost within its first year. Between the 14th and 17th centuries, insurance evolved into forms that are still recognizable today.
Liability insurance is one example of coverage that has a long history. Workers’ compensation insurance has not existed for nearly as long. However, any contractor you hire to perform asphalt maintenance should carry both general liability and workers’ compensation insurance policies.
Why Is It Important for Asphalt Maintenance Contractors to Carry General Liability Insurance?
Reputable, experienced parking lot maintenance companies seldom have issues that result in claims against their general liability insurance, but there is always a chance that something could go wrong. For example, a gust of wind could catch a bit of sealcoating as it leaves the sprayer and blow it onto your fence.
Depending on your fencing material, it could be difficult to remove the sealant thoroughly, and you would rightfully feel that you should not be responsible for the time, money, or effort involved in cleaning up the mess. If your paving maintenance contractor has general liability insurance, the contractor’s policy will cover the remediation effort.
Why Is It Important for Maintenance Contractors to Carry Workers’ Compensation Insurance?
All experienced asphalt contractors know that their workers face a variety of hazards on the job, and they do their best to eliminate or mitigate those hazards. Nevertheless, accidents can happen, and workers can be injured. Parking lot paving companies typically have strict rules requiring employees to wear clothing and gear that will maximize their protection against burns from hot asphalt.
Hot asphalt is also normally used when making a parking lot repair known as asphalt patching. Other products used for parking lot maintenance can contain chemicals capable of damaging a worker’s skin, eyes, or respiratory system. If your paving maintenance company does not have workers’ compensation insurance, you could be held liable for the payment of the injured worker’s medical expenses, lost wages, and other financial losses.
Are There Other Types of Insurance That Asphalt Contractors Should Carry?
If your parking lot maintenance contractor will be bringing company vehicles onto your property, you should make sure that they carry vehicle liability insurance. Many asphalt contractors also carry umbrella policies that can cover you if your losses exceed the limits of their other policies. Umbrella policies are not mandatory, but they can give you and your contractor a greater sense of security against financial loss.
Is Asphalt Care Services Fully Insured?
Yes, we are appropriately licensed and insured. As a family business with a commitment to helping our clients, we understand the need to protect those who trust us on their properties as well as ourselves and our employees. Whether we are performing asphalt repairs, installing traffic signs or speed bumps, sealcoating parking lots, installing thermoplastic line striping, performing asphalt paving, installing concrete bumpers, striping and marking parking lots, or executing a comprehensive parking lot maintenance program, you will be protected in the highly unlikely event that something should go wrong.
We serve most communities in the Treasure Coast region, including Boca Raton, Fort Pierce, Hobe Sound, Indian River, Okeechobee, Port St. Lucie, Sebastian, Stuart, Vero Beach, and West Palm Beach. We have earned a reputation for providing work of exceptionally high quality with consistency, professionalism, and honesty. To request a free quote, email [email protected], call 772-888-2840, or fill out our online form.