While Canada may be known for its cold winters, Canadians certainly know how to make the most of their summer months. The installation of swimming pools and spas has been on the rise lately, and this trend shows no sign of slowing down. This is great news for pool and spa company owners, but are they covered if something goes wrong? SWG Specialty offers customized pool service insurance designed to protect swimming pool contractors from a variety of liabilities, ensuring they can operate with confidence and peace of mind.
The Importance of Specialized Commercial Insurance
Swimming pool and spa construction and maintenance is a high-hazard industry. Contractors are exposed to numerous risks, including property damage, bodily injury, and legal claims. According to Statistics Canada, a record 11,168 permits were issued nationwide for the residential construction of inground swimming pools in the second quarter of 2021. This surge in pool and spa installations highlights the growing demand for swimming pool services and the increased need for comprehensive insurance coverage.
Types of Coverage Offered by SWG Specialty
General Liability Insurance
This coverage protects swimming pool contractors and pool cleaning businesses against claims of bodily injury or property damage. For example, if a client slips and falls on a wet surface during a pool installation, general liability insurance would cover the medical expenses, and any legal fees associated with the incident.
Pollution Insurance
This policy covers liabilities arising from pollution incidents, such as chemical spills or leaks that could harm the environment or public health. Given the use of various chemicals in pool maintenance, this coverage is crucial for mitigating potential environmental risks.
Umbrella & Excess Liability Coverage
This provides additional liability coverage beyond the limits of primary policies. It offers an extra layer of protection against large claims that could exceed the limits of the owner’s general liability, or other underlying policies.
Inland Marine Coverage
This insurance protects specialized equipment and tools used in swimming pool and spa construction and maintenance. It covers losses due to theft, damage, or loss during transit, ensuring that valuable equipment is safeguarded.
Analyzing Risks for Customized Coverage
At SWG Specialty, our team of experts will analyze the specific risks your clients’ swimming pool and spa companies face. We understand that each business is unique, and we tailor our insurance policies to meet individual needs. By assessing factors such as the types of services offered, the equipment used, and the work environment, we can provide a comprehensive insurance package that offers maximum protection.
In the high-risk industry of swimming pool construction and maintenance, having the right insurance coverage is not just a necessity—it’s a lifeline. SWG Specialty’s comprehensive insurance policies for swimming pool contractors provide the protection needed to navigate the unique challenges of this field. By offering tailored coverage options such as general liability, pollution insurance, workers’ compensation, umbrella & excess liability coverage, and inland marine coverage, we ensure that your clients’ businesses are safeguarded against potential liabilities.
Investing in specialized commercial insurance with SWG Specialty means your clients can focus on what they do best—building and maintaining beautiful swimming pools—while we take care of the rest.
- Insurance coverage availability may differ between provinces.
- Content is current as of the date of broadcast and is subject to change without notice.
