Appliance Repair Insurance: What You Need Before Getting a Quote
- Nate Jones, CPCU, ARM, CLCS, AU
- Jan 16
- 2 min read
If you run an appliance repair business, getting an insurance quote isn’t just about picking a policy—it’s about preparation. Being organized and knowing exactly what insurers need can save time, ensure you get the right coverage, and even lower your premiums. Here’s what you need to know before requesting a quote.
Gather Your Business Information
Before contacting an insurer, gather the following key details:
Business structure and license: Sole proprietorship, LLC, or corporation—insurers need this to assess risk.
Number of employees: Including part-time and subcontractors.
Services offered: Refrigerators, ovens, washers, dryers, or commercial appliances. Some appliance types carry higher risk.
Business locations and service areas: Where you operate affects coverage and pricing.
Vehicles used: Vans, trucks, or company cars for service calls.
Tools and equipment: Value of tools, diagnostic machines, and other essential equipment.
Revenue and projected growth: Helps insurers determine coverage needs and premiums.
💡 Pro Tip: The more accurate and detailed your information, the faster and more precise your quote will be.
Understand Your Risk Profile
Insurance companies evaluate your business risk before giving a quote. Factors include:
Frequency of service calls and type of appliances repaired
Employee experience and safety training
History of claims or accidents in your business
Security measures for equipment and vehicles
Knowing your risk profile allows you to answer insurer questions confidently and ensures your policy fits your actual needs.
Consider Your Coverage Options
While this guide focuses on preparation, it’s helpful to know the types of insurance you’ll likely discuss during your quote:
General liability: Covers customer injuries or property damage
Workers’ compensation: Covers employee injuries
Commercial property: Protects tools, equipment, and workspace
Commercial auto: Needed if you transport appliances
Tips for Getting the Best Quote
Be organized: Have all business details ready before calling or filling out forms.
Compare providers: Don’t settle for the first quote; check multiple insurers.
Ask about bundling: Policies like a Business Owner’s Policy (BOP) can save money.
Work with specialists: Wexford Insurance offers tailored quotes for appliance repair businesses. Start here: Get a Quote from Wexford Insurance.
