Contractors Who Need Commercial Insurance

Several types of contractors are involved in building and maintaining properties. Regardless of your specific trade or industry, you face several risks throughout the completion of a job. Having the right insurance can provide essential coverages for your business and help mitigate these exposures. The team at Jean Deese Agency is ready to help you build a comprehensive insurance plan that meets your needs. Contact us today to get started.

Which Contractors Need Commercial Insurance?

Several types of contractors may benefit from having commercial insurance, including:

·       Homebuilders

·       Excavators

·       Electricians

·       Heating and cooling technicians

·       Plumbers

·       Painters

·       Carpet and floor installers

·       Driveway and paving contractors

·       Lawn service providers

Other contractors may also be able to secure commercial insurance coverage. Consult with your agent to learn more.

What Does Commercial Insurance for Contractors Cover?

Commercial insurance for contractors can provide coverage for various risks. Policies can generally be tailored to your business’s unique needs. Available options may include:

·       General liability insurance—This may provide coverage if you are responsible for property damage or bodily injuries of others. It may help pay for the resulting medical expenses or legal fees.

·       Completed operations liability insurance—This may provide coverage if a completed project causes property damage or an injury after a job is finished.

·       Property insurance—This may cover your company’s physical assets (e.g., your building and furnishings) if they are damaged by covered perils, such as fire or storm damage. Other protections may be available for your specialized machinery or equipment if they are damaged by covered causes of loss.

·       Commercial auto insurance—If your business owns, leases or operates vehicles, commercial auto insurance may provide coverage if an auto accident occurs or if a vehicle is damaged. This policy is separate from personal auto insurance.

·       Builders risk insurance—This may provide financial protection for your supplies and building materials if they are damaged during a project that is under construction by a covered peril.

·       Workers’ compensation—If your employee sustains a work-related injury or illness, workers’ compensation may help pay for medical expenses or provide wage replacement.

·       Inland marine insurance—This may provide coverage while your business’s tools and equipment are being moved or transported over land.

Other coverages may be available to cover other exposures and liabilities. Your agent can discuss options, exclusions and limits.

How Much Does Commercial Insurance for Contractors Cost?

Premiums for commercial insurance for contractors depend on various factors, including the size and location of your business, your selected coverages and your industry.

At Jean Deese Agency, our dedicated team is here to help you find the insurance you need at the best value. Contact us today for additional information.