Welding Contractor insurance. Two pieces of metal are joined together by welding contractors. They melt the parts and add a filler material to cool them. There are five types of welding: arc welding (or gas welding), resistance welding (or energy beam welding), solid-state welding (or solid-state welding), and gas welding (or resistance welding). Gas welding is the most common method used by welders. These are used by employees in the industry to do high-speed, precise welding. You can either weld at the shop where the customer brings the property or off-site.
There are risks in any industry. Welding is no exception. It’s important to have the right insurance policies to protect your employees and your business. You and your company will be protected with welding contractor coverage.
What is the cost of insurance for welders in Texas ?
The average price of a standard $1,000,000/$2,000,000 General Liability Insurance policy for small welding businesses ranges from $97 to $129 per month based on location, size, payroll, sales and experience.
What type of insurance do welders in Texas need?
It can be costly to file a lawsuit against your company. Liability insurance provides coverage for legal defense costs, court fees, as well as financial damages. Without this insurance, your company could lose everything. It is essential to have insurance for welding contractors in order to protect your company assets.
You will be able to discuss the different coverages with independent agents to help you choose the best one for you. These are just a few of the policies that you might be able to discuss:
Commercial Auto Liability Insurance – You might have vehicles you use to transport equipment or tools. It is essential that your company has the right insurance to cover any vehicles you own. Your welding business may be held responsible if an employee causes an accident on the job and is using your vehicle. This can be prevented by getting hired or non-owned car insurance.
Commercial General Liability Insurance – Welding requires the use of heat and fire to form the metal in the required way. This means that you are more susceptible to fires, which could cause property damage or other injuries while working. These types of accidents can be covered by general liability insurance.
Umbrella insurance coverage: Every insurance plan has limits. You can always buy additional liability coverage if you feel the limit is too low. This is how you would go about getting umbrella insurance.
Workers’ compensation: Being a welder can put you at risk for injury. You may work outside or on scaffolding as a welder. Protection is essential wherever you are. There are higher chances of getting hurt due to all these risks. This is why you need to make sure your business is protected by the right insurance for welding contractors.
Your insurance portfolio should include workers’ compensation. It is a requirement in many states for all non-owner employees to have workers’ compensation before they can start working on any project. Even if it is not required in your state, it may be necessary to show proof to the person who hires you for the job.
Workers’ compensation pays for medical expenses if a worker gets hurt on the job. If a fatal accident occurs on the job, it will cover the loss of wages as well as death benefits for the surviving family members.
Additional Welder insurance policies that cover your business
Personal property insurance: This covers your business assets, such as tools and equipment that you use in your welder business.
Broken equipment insurance: This policy covers the cost of repairing or replacing your equipment. This insurance also covers the rental of equipment while your main equipment is being repaired.
Builders Risk Insurance: This type of insurance is for those who are subcontractors. It’s purchased by the top contractor.
Inland Marine Insurance: Covers your tools and equipment while they are at work or being transported to and fro.
Welding Contractors’ Risks and Exposures
Limitations on premises liability If there are no operations at the office due to lack access, Customers should not bring items to be welded onto the premises. This is because of the risk of injury from falls, heat, sparks, welding operations and eye injuries.
Expositions outside of the premises can be very high because of the potential for bodily injury to other contractors and property damage from the sparks generated by welding. During welding operations, it is important to have a clear safety zone that is well-maintained and regularly monitored.
Liability exposures based on type of property welded and potential injury or damage if the weld fails. A review of past jobs can give you an idea of the type of jobs that are possible in the future.
Workers’ compensation can be very severe. Protective gear and clothing such as gloves, aprons and face shields are crucial because burns are the main cause of loss. Because of the risk of injury from UV radiation and infrared lights, eye protection is especially important.
You can get back injuries from lifting, including strains, strains and sprains. To reduce injury from heat, fumes, and vapors, welding should be done in well-ventilated areas. Welders can suffer from irritations to the skin, eyes and lung. Workers who work on ladders or scaffolds can sustain injuries from falling, being hit by falling objects or adverse weather conditions.
A lack of proper maintenance of scaffolds, the use of basic safety equipment and strict enforcement of safety procedures could indicate a morale risk.
Property Exposures result from sparks and flames caused by welding and the storage of gas cylinders at the premises. Although the risk of explosion or fire is reduced if all welding is done offsite, it is possible to still cause an explosion by using gas cylinders stored on the premises. The susceptibility of property belonging to the welding contractor is low because most of it is made from metal.
To avoid any loss, welding involves the use tanks of gas that need to be properly stored. Basic controls should include chained storage in cool areas and separation of welding operations in separate rooms or with flash/welding curtains that are free from flammables.
Employee dishonesty is the main source of crime exposure . All employees who provide services to customers or handle money should have a background check, including a criminal history. With regular reconciliations, all ordering, billing, and disbursement should each be treated as distinct duties. There could be theft if metals being welded have high resale values.
Inland Marine Exposures are accounts receivable, if the welder offers credit customers, computers, contractors’ equipment, goods in transport, valuable papers, and records for customers’ and suppliers’ information. The welder’s equipment includes gas tanks, the weld gun and protective equipment. Goods in transit includes both supplies and customer property.
If customers leave their property on the premises of the welding contractor, there will be a bailee.
Business auto exposures generally limit to trips to and fro job sites, picking up and delivering project to customers or taking them to work. Regular MVRs should be conducted. Random drug and alcohol testing should always be done. Vehicles should be kept clean and records must be kept centrally.
Business Industry Classification
- SICCODE: 762 Welding Repairs, 1799: Special Trade Contractors Not Elsewhere Classified
- NAICS CODE : 238190 Other Foundation and Structure Contractors, 811310 Commercial and Industrial Machinery and Equipment Repair and Maintenance (except Automotive and Electronic), 811411 Home and Garden Equipment Repair and Maintenance
- Suggested ISO General Liability Code(s),: 999969
- Suggested Workers Complementary Codes: 3365
7692: Welding Repair
Major Group 76: Miscellaneous Repair Services
7692 Welding repair: Businesses that specialize in general repairs, such as automotive welding. Construction, Industry 1799 includes establishments that are primarily involved in welding on construction sites.
- Brazing (welding)
- Repair of cracked castings (welding services)
- Automotive welding shops
Contact Us for Welding Contractor Insurance in Texas
You must ensure your welding business is safe. You must first ensure that your company has the correct insurance policies. The right insurance policy can help you save a lot of money in the event that something goes wrong with your business, or you are sued for work you have done.