General locksmith operations involve installation, repair, maintenance, replace locks and lock systems on buildings and automobiles, with locksmiths often providing 24-hour emergency unlocking services.
Considering the dangerous tools they use and the places they may find themselves late at night, it may be hard to focus on one key concern. The key concern we share indirectly effects other risks and is one of many exposures locksmiths face, but we believe it deserved to be highlighted.
Locksmith’s key concern is is dishonesty.
Which can take on many forms and require various protection.
Locksmiths Top Concerns In Regards To Insurance Coverage
Employee Dishonesty
Specifically for locksmiths we are referring to crime exposure.
Locksmith employees have access to professional tools used to duplicate keys, open locks and dissemble locks. Further more locksmith employees have access to customers’ premises and property. The combination is a great liability.
Employees who cannot be bonded and licensed are a significant hazard to a locksmith operation. Locksmith businesses need to include thorough background checks and references to control the morale hazard. The stricter hiring practices can help avoid troublesome employees.
Premises Liability Exposure
Locksmiths are trusted with employees homes and businesses. Locksmith employees have numerous opportunities to steal from customers and chances of damaging their property. Our insurance company highly recommends this premises liability exposure to provide such protection.
A second dimension to this coverage addresses the circumstance of theft or crime occurring after completed operations. The locksmith is promising secure premises from using product sold. The completed operations exposure increases when locksmiths monitors alarm systems.
Frequent inspections and evaluations of employees can create an effective checks and balances to help reduce chances of loss.
Property Exposure
Property exposure protects locksmiths equipment.
The coverage provides protection of stock and equipment used as part of business procedures. Specialty equipment is most often targeted by thieves and the policy would also cover loss due to fire, smoke, and water damage.
Locksmiths Insurance Coverage is Best With Southern States Insurance Company
Southern States Insurance is focused on helping businesses succeed. Your locksmith business could find any insurance company to provide the necessary coverage for operation, but our service and relationship would likely never be duplicated. We pride ourselves in our intentional service to help customers understand their policy and helping them achieve their dreams.
Insurance in our mind works to help you succeed, yes when things go wrong, but even when they are going well. We want to help you save, help you reduce risks, and help your business grow.
Let us insure your locksmith business and give you more than just an insurance policy. Southern States Insurance can provide you good insurance coverage and a relationship that will continue throughout your policy. Your locksmith is best protected and served with an insurance company who cares about your success. We would love to provide you with a free insurance quote and start a relationship today.