Common Insurance Claims in the Restoration and Mitigation Industry
- Nate Jones, CPCU, ARM, CLCS, AU
- 3 days ago
- 2 min read
Restoration and mitigation contractors face unique risks on every project, from water and fire damage restoration to mold remediation and structural repairs. Knowing the common insurance claims in the restoration and mitigation industry helps contractors prepare, minimize risk, and ensure they have adequate coverage.
1. Property Damage Claims
One of the most frequent claims involves property damage to a client’s home or business during restoration work. These claims may include:
Accidental water damage while performing mitigation
Fire or smoke damage caused by equipment
Damage to furniture, flooring, or personal property
Proper general liability insurance is essential to cover these claims and prevent financial losses.
2. Bodily Injury Claims
Another common insurance claim arises from bodily injuries sustained by clients, visitors, or even subcontractors on a job site. Examples include:
Slips, trips, or falls during mitigation work
Injuries from heavy equipment or tools
Accidents related to hazardous materials
Workers’ compensation and liability coverage are critical to protect both your employees and your business from these costly claims.
3. Pollution and Environmental Claims
Restoration contractors handling mold, asbestos, sewage, or chemical remediation may face pollution liability claims. These claims can cover:
Cleanup costs for contamination
Third-party property damage or bodily injury due to pollutants
Environmental fines or remediation expenses
Having pollution liability insurance ensures your business is protected against claims related to hazardous substances.
4. Equipment and Property Loss
Contractors also frequently file claims for damage to or theft of their own tools and equipment. Commercial property insurance covers:
Stolen or damaged restoration equipment
Vehicles used for transportation of tools and materials
Losses caused by natural disasters or fire
Maintaining proper coverage ensures business continuity even after unexpected losses.
Why Choose Wexford Insurance
Navigating these risks can be challenging. Wexford Insurance specializes in contractor business insurance and can help restoration and mitigation companies secure the right coverage for their unique needs. Their team provides expert guidance, competitive rates, and fast, tailored quotes.
