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How Does Property Maintenance Insurance Protect You?

Posted by Pekin Insurance on May 30, 2017

Protect your business and your livelihood with a property maintenance insurance policy designed to meet your needs.


Today's a big day for your small business. It's your first day on the job with a brand new customer who could be the lifeline you need to stay open. But the excitement wears off quickly. One of your employees misjudged a turn and put the ladder right through a plate glass window.

The good news is that no one got hurt. The bad news? Well, that's obvious. On the upside, when you do talk to the business owner, you can let them know you have property maintenance insurance to cover the damage. 

We all know accidents happen. A landscaping team could rupture a gas pipe while they're digging an irrigation ditch. A snow plow driver could hit a house. A roof tile could slide off the roof and dent a car. 


Why Property Maintenance Insurance Is Your Golden Ticket

As a contractor, you could work a variety of jobs in any one week, from indoor floor repairs to electrical upgrades and even HVAC jobs. Add several employees to that list, and you have a lot of moving parts in office buildings, small restaurants, college campuses, and nearly any other kind of business you can imagine. 

You may also rent equipment for certain jobs, hire contract labor for seasonal work, and have company vehicles that your team uses on jobs. As a property maintenance contractor, this is all part of the job, but mistakes can snowball quickly.

A broken down fleet vehicle can lead to a rescheduling fiasco and possibly missing out on a job or two until the company truck is back in action. A broken window can be an expensive mistake, setting you back hundreds of dollars. Equipment failure could cost you hours of lost work.

The right property maintenance insurance protects your company and your investments when these setbacks happen (and if you've been in this business longer than say, three days, you know they WILL happen.) Wouldn't it be nice to have the peace of mind that comes along with letting someone else take care of the stress?


What Is Property Maintenance Insurance?

Like most business insurance, property maintenance insurance is an umbrella term. As a contractor, you have different needs than a retail store, a delivery service, and even other contractors.

Property maintenance insurance is a set of business insurance coverages to complement your general liability and workers compensation insurance plans. These coverage enhancements may include:

  • Accounts receivable coverage
  • Rental reimbursement
  • Tools and equipment coverage (both owned and leased)
  • Coverage for faulty work or defective products
  • Loss of income coverage

There are dozens more coverage enhancements available through Pekin Insurance, even to the point of covering you if an employee is guilty of theft or negligent acts. In other words, you could be completely and fully covered for nearly anything related to your business. Why is that important?

Look back at that plate glass window. Or worse, that new part you just installed in a commercial AC unit failed and flooded a restaurant kitchen. You don't want to be on the hook for those expenses! There is no shortage of things that could go wrong even when you do impeccable work.


The Most Popular Property Maintenance

Insurance Enhancements

You can discuss the specifics of your coverage with a Pekin Insurance agent, but some of our most popular business plan enhancements are for covering fleet vehicles and for commercial equipment breakdown.

Commercial fleet insurance can keep more of your company cars on the road, meaning you can get your team to more locations. And if your workforce hits seasonal highs and lows, you can temporarily suspend your coverage with Pekin Insurance's Commercial Auto Lay-Up Endorsement.

Commercial equipment breakdown coverage is essential for any business that relies on tools or equipment to run their business. From operator error to motor burnout to power surges, your equipment (and your lost income) is taken care of with this policy enhancement.


When it comes to property maintenance insurance, you can never be too careful. Accidents happen, parts and equipment fail, and you never know when a client might take their bad day out on your business.

That's why it's important to get in touch with your local Pekin Insurance agent today and get the coverage your business needs to succeed.


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