The property preservation business is another fast-growing industry and that means there are probably a lot of new property preservation contractors in your area. With competition comes a need to provide better services. Your aim is to take on as many clients as possible and continually grow your current business.
There are plenty of rules and regulations you must abide by, both instituted by the bank, as well as those of local and state authorities. You will be expected to follow those rules to the letter or face possible fines and penalties. When it comes to providing quality service and securing great coverage for your business, seek the services of property preservation insurance companies where your line of work is their specialty.
Insurance protection at its finest
As a property preservation contractor, you need to know that your insurance will protect you if a mortgage holder suddenly becomes a plaintiff. You are entrusted to secure homes, winterize, remove debris, provide lawn care services or conduct inspections. Any misstep resulting in damages or a loss will fall upon you to reconcile.
You have the important job of preserving property and not allowing buildings to fall into disrepair. Property preservation is a vital service for any community because it protects surrounding home values and helps to safeguard important assets for local financial institutions as well.
There are many policies you should be considering, given a number of exposures you may face in your line of work. General liability, builder’s risk, property and commercial auto, professional liability, workers comp, and more. You’ll also need to invest in permit and license bonds. With so much at stake, you can’t afford to not have the proper coverage in place.
Property preservation is in high regard, important to any community’s development or revitalization. Unfortunately, offering these services can put you at risk and you deserve to be protected. Don’t stick your neck out when it isn’t necessary. Speak to any one of the many property preservation insurance companies in your area. An investment in policies specific to your needs will ensure that you’ll never be placed in jeopardy.