Construct coverage for your business needs with contractor insurance.
Coverage for every type of contractor.
A contractor insurance policy presents an effective means of managing diverse risks, eliminating the need for a standard policy that could result in excessive costs for unnecessary coverage. There are multiple options available tailored to the specific contracting services your business offers. Whether you operate as a general contractor, HVAC technician, plumber, carpenter, electrician, painter, or in related fields, contractor insurance can provide your business with vital protection and peace of mind. The following are several coverage options to consider for your contractor policy.
- Builders Risk
- Business Auto
- Commercial Property
- Contractor’s Equipment
- Equipment Breakdown
- General Liability
- Inland Marine
- Workers’ Compensation
The benefits of general liability for contractors.
General liability insurance, which is part of your contractor insurance policy, can offer protection against claims arising from damage or injury that occurs on-site or affects visitors at your premises. The financial consequences of these claims can be significant, and securing general liability insurance is often a prerequisite for engaging in government contract proposals.
Protection for the equipment you use.
It is imperative to take measures to protect your inventory, machinery, and equipment from potential threats such as fire, theft, flooding, and other risks, regardless of whether these incidents occur on-site or off-site. Additionally, securing insurance coverage is vital to protect against income loss in situations where you are unable to conduct operations due to equipment damage, malfunctions, or theft.
Coverage for your employees.
Acquiring workers’ compensation insurance is crucial, as it is generally mandated by law to protect employees from income loss and medical costs resulting from workplace injuries. Although you might be apprehensive about the potentially elevated expenses linked to a workers’ compensation policy, especially within the construction sector, many insurance companies provide discounts for compliance with safety regulations. Are you in search of contractor insurance to protect your contracting business? Contact us to explore your business needs and the coverage options available to you.