Commercial Insurance Business Owners Policy (BOP) Commercial Auto Commercial Flood Commercial Property Commercial Umbrella Data Breach Directors & Officers (D&O) Employment Practices Liability Environmental - Pollution Liability General Liability Product Liability Professional Liability (E&O) Workers Comp Personal Insurance

Furniture Repair Insurance

Furniture repair insurance is a type of liability insurance that provides coverage for furniture repair professionals. It protects against financial losses due to accidents, damage, or negligence while working on furniture. It typically covers claims resulting from bodily injury or property damage. Some policies include product liability coverage which insures against claims related to the quality of repair work. Furniture repair insurance is an important form of protection for those who work on furniture, as it can help protect their financial security.

Who Needs Furniture Repair Insurance? 

Furniture repair insurance is an important form of business insurance for any furniture repair business. Whether you are a small furniture repair shop or a large-scale retail furniture repair store, furniture repair insurance will protect you from the unexpected. Furniture repair insurance covers everything from damaged furniture to legal costs associated with a customer’s claim. It is important for furniture repair businesses to have this form of insurance in order to protect themselves from the potential costs of an accident or claim.

Types of Furniture Repair Insurance 

1. Property Damage Coverage: This type of coverage protects your business from losses caused by damage, theft, or destruction of furniture. This coverage can include both physical damage and financial losses resulting from repairs. 

2. Liability Insurance: This type of insurance helps protect your business from liability claims due to accidents or injuries that take place on the premises. It can also cover legal defense costs if your business is sued as a result of furniture repair work. 

3. Business Interruption Insurance: This type of coverage helps protect your business from financial losses due to unexpected business interruptions caused by furniture repair work. It can help cover lost income and other related expenses. 

4. Commercial Auto Insurance: This type of insurance helps protect your business from losses resulting from automobile accidents. It is especially important if you use a vehicle to transport furniture to and from the repair site. 

5. Workers’ Compensation Insurance: This type of coverage helps protect your business from financial losses resulting from an employee’s injury or illness related to furniture repair work.

How Much Does Furniture Repair Insurance Cost? 

The cost of furniture repair insurance will vary depending on the type of furniture being repaired and the amount of coverage being purchased. Generally, coverage can range anywhere from $200 to $2,000 per incident, with premiums starting at around $100 per year.

Furniture Repair Insurance Requirements 

Furniture repair businesses typically need general liability insurance, business property insurance and workers’ compensation insurance. General liability insurance helps protect your business against bodily injury, property damage, and personal and advertising injury claims. Business property insurance helps protect your furniture repair business against loss or damage due to theft, fire, or other covered events. Workers’ compensation insurance is required in most states and helps protect your business from the costs associated with employee-related injury or illness.

Commercial Insurance And Business Industry Classification

  • SIC CODE:  7641 Reupholstery And Furniture Repair
  • NAICS CODE:  811420 Reupholstery and Furniture Repair
  • Suggested Workers Compensation Code(s):  2883 Furniture Manufacturing and Cabinet Shop – Wood – NOC

Furniture Repair Insurance – The Bottom Line

Furniture repair insurance is important for any furniture repair business. It can help to protect your business from financial losses due to accidents, damages, and other liabilities. It can also help to provide peace of mind to your customers that they are dealing with a professional who is insured and can provide quality repairs. If you are considering starting a furniture repair business, it is important to research the different types of furniture repair insurance available and find a policy that fits your business needs.

Scroll to Top