Contractors insurance is coverage that can protect your business from devastating financial debts that can result from work-related accidents. It’s important to protect your livelihood with adequate coverages and limits that match your exposure in case your business is threatened.
Building your business took hard work. Getting the right small business insurance can help make sure it’s protected.
Contractors, subcontractors and independent tradesman should carry commercial insurance. It not only protects your business, but it’s often a requirement by many employers before you can start working for them. Common trades that need contractors insurance include:
It’s always good to have insurance in case of mishaps, even if you don’t contractually need coverage.
Whether you need paint brushes, ladders or a forklift, having the right equipment is important for your job. That’s why we offer insurance coverage that can help repair or replace equipment that’s been damaged by fire, theft or other covered events.
One of the most influential factors that affects your contractors insurance cost is the type of work that’s involved in your specific trade. For example, a roofing contractor is exposed to risks that an HVAC technician isn’t, and vice versa. Therefore, you could expect their rates to differ.
Other factors that affect the cost of contractors insurance are employees, coverage needs, vehicles, location and claims history.
Customizing a quote to match your specific business is the only way to know you’re getting an accurate rate and enough coverage. Start by calling us or starting a quote online.
General Liability: Typically needed before a contractor can begin work on a job. It could cover you if your business is liable for things like injuring people, damaging property or for faulty work.
General liability coverage offers you peace of mind, knowing you have coverage when your business faces a lawsuit or covered loss. This means it’s important to understand the best types of insurance coverage for contractors. The right coverage ensures you can protect your business and your employees.
Commercial Auto: Protection for vehicles used for work or to transport tools and other contractor materials. You have the choice to cover attached equipment such as ladder racks and permanently attached tool boxes. Individual tools and materials usually aren’t covered under this policy.
Business income insurance: Which helps cover the loss of income when you can’t run your business because of covered property damage.
Once you have the coverage you need, you can get proof of coverage online with a certificate of insurance. Many clients and customers require this before they work with you.
Business Owners Policy (BOP): Packages contractors liability and coverage for personal property and commercial buildings into one policy.
Workers’ Compensation: Protects if your employees become ill or injured while at work.
From lifting heavy items to climbing up ladders, your workers face risks every day. To help make sure they’re protected, you want the right business insurance coverages.