Is Your Local Asphalt Sealcoating Company Fully Insured?Despite what you might have heard, asphalt maintenance services aren’t without their risks. Many things can go wrong when caring for asphalt pavement. Even the materials used could cause problems for you or third parties. That’s why it’s important to always work with a local asphalt sealcoating company that’s fully insured.
Asphalt sealcoating looks straightforward. However, it requires great skill to perform properly. As with any skilled trade, sealcoating companies often face many challenges and dangers. For example, workers can suffer injuries on the job. The materials used could also damage your home or commercial business. Even innocent bystanders or their vehicles could be harmed by overspray or accidental contact.
Whatever the case, you could be liable for damages in the worst-case scenario. Without insurance, you may be left to cover those costs on your own. Suddenly, a simple asphalt sealcoating job turns into a financial nightmare.
That’s why Reno asphalt sealcoating companies invest in insurance. It protects you, your property, and anyone else nearby during the project. Insurance also protects the company and its employees. If something unplanned occurs, insurance is there to cover any financial liabilities. It ensures you’re not on the hook for mistakes, carelessness, or mishaps you could never have expected.
The best asphalt sealcoating companies operate above the books, following all applicable laws and requirements. That includes obtaining comprehensive insurance coverage!
In Nevada, asphalt sealcoating companies need an active license to bid on jobs and perform work. The Nevada State Contractors Board (NSCB) issues the A-8 license, which covers “Sealing and Striping of Impermeable Paving Surfaces.” Additionally, sealcoating companies need active business licenses on the state and local levels.
There are many requirements that a local asphalt sealcoating company must meet to obtain a license. One of them is to show proof of insurance. The NSCB will not issue or renew licenses for asphalt sealcoating companies without proof that they’re complying with state insurance laws.
There are many forms of insurance your local asphalt sealcoating company needs to obtain. The best asphalt sealcoating companies will go above and beyond, obtaining comprehensive coverage to account for all worst-case scenarios. However, to comply with state law, contractors need:
• General Liability Insurance: This type of insurance is mandatory for state-level licensing. It protects property owners if the work accidentally damages nearby buildings, vehicles, landscaping, and more.
• Workers’ Compensation: By law, asphalt sealcoating companies must have this insurance if they employ one or more workers. It provides financial support to employees injured on the job.
• Commercial Auto Insurance: Because sealcoating companies often use heavy-duty vehicles, this insurance is necessary. It covers any vehicles or equipment that drive onto a client’s property. State law requires vehicle liability coverage of 25/50/20.
• Surety License Bonds: Contractors must obtain surety bonds of up to $500,000 depending on the company’s financials and requested bidding limits. The bond guarantees that the company will complete the job.
Reno asphalt sealcoating companies that perform large-scale projects may also obtain umbrella policies for additional coverage.
When consulting contractors for asphalt sealcoating, be upfront and request direct proof of insurance. The best asphalt sealcoating companies have nothing to hide and have no issues providing that proof. Don’t work with any contractor or amateur who refuses to do so. That’s a risk that you should not be willing to take. Always ask for proof of insurance and details about the company’s license.
Affordable Striping & Sealing is a fully licensed and insured company with over two decades of proven expertise. We operate in accordance with the law and offer full transparency to our clients. Our goal is to deliver exceptional results while meeting your needs and serving our community.
In addition to asphalt sealcoating, we offer crack repairs, parking lot layout design, striping, ongoing parking lot maintenance, and more. Let us show you what we can do! Call Affordable Striping & Sealing today at (775) 825-1101, email RenoOffice@affordablestriping.com, or submit your information through our online form to get your free quote.
Our company has been serving the community for over 30 years. During this time, we’ve established a reputation for upholding honesty and integrity within the industry.
NV Contractors License 67803, Limit $5,500,000
