Choosing the Right Radon Mitigation Business Insurance Limits
- 6 days ago
- 2 min read
Radon mitigation contractors face unique risks while performing inspections, drilling, and installing ventilation systems. Having the right insurance coverage is critical, but equally important is choosing the right insurance limits. Selecting limits that are too low could leave your business exposed to significant financial loss, while excessively high limits can inflate your premiums unnecessarily.
Understanding Insurance Limits
Insurance limits define the maximum amount your insurance provider will pay in the event of a claim. For radon mitigation contractors, the most relevant limits include:
General Liability Limits: Covers property damage or bodily injury caused to third parties. Typical limits range from $500,000 to $2 million per occurrence.
Professional Liability Limits: Protects against errors in testing or system installation, often recommended at $1–2 million.
Pollution/Environmental Liability Limits: Addresses radon exposure or contamination claims; limits vary based on project size and regulatory requirements.
Workers’ Compensation Limits: Determined by state law to cover employee injuries on the job.
Read more about EPA radon mitigation guidelines to understand the potential risks that influence appropriate insurance limits.
Factors That Influence Insurance Limits
Several factors determine the ideal insurance limits for your business:
Project size and scope: Larger projects or multiple concurrent jobs increase potential liability.
Contractor size: More employees, crews, and equipment increase exposure.
Client or contractual requirements: Some clients or states require specific coverage minimums.
Past claims history: Businesses with prior claims may need higher limits to satisfy insurers.
Find out about state licensing requirements for radon mitigation contractors to ensure your policy meets legal and contractual obligations.
Tips for Choosing the Right Limits
Evaluate the maximum potential loss for each type of coverage.
Balance adequate protection with cost-effective premiums.
Consider bundling policies for discounts and simpler management.
Consult with a specialist who understands radon mitigation risks.
Why Choose Wexford Insurance
Wexford Insurance specializes in providing tailored coverage for radon mitigation contractors. Unlike generic contractor insurance, Wexford understands the unique risks of handling radon, environmental hazards, and specialized equipment. Their policies are designed to offer comprehensive protection, ensure compliance with industry standards, and help your business operate confidently.
