Whether you’re working on residential or commercial projects, having insurance as a contractor is essential to protect yourself, your team, and your clients.
Without the right coverage, you could face significant losses and potential lawsuits stemming from injuries or damages.
Navigating these challenges without an insurance policy could jeopardize your business. Saving a few dollars on your insurance could ultimately cost you much more in the long run.
We offer customized insurance packages for a variety of contracting professionals, including:
As a contractor, your work involves significant risks and challenges, making insurance a vital part of your business strategy. It not only shields you from potential liabilities and financial setbacks but also enables you to take on projects with confidence. Whether you’re managing subcontractors or ensuring client satisfaction, the right insurance coverage ensures you’re prepared for whatever comes your way.
Insurance can protect contractors in a number of situations such as:
When it comes to running a contracting business, having the right coverage is essential for several reasons:
Property protection: If your office or essential equipment is damaged, you need coverage to keep your business operational and avoid costly downtime.
Injuries: Working with heavy materials, climbing ladders, or operating machinery can lead to accidents, even with the best safety precautions in place.
Theft: Your equipment is vital to your business. Ensure that tools and machinery left at job sites or stored at your premises are covered against theft.
General Liability Insurance: This coverage protects your business from third-party lawsuits related to property damage or bodily injury, including medical fees for injured parties.
Commercial Property Insurance: Covers the value of business property on your premises, including the repair or replacement of equipment and office space.
Equipment and Tools Insurance: Protects your tools and equipment when they’re located away from your business premises.
Installation Insurance: Covers property and materials while in transit to job sites and during the installation process.
Builder’s Risk Insurance: Protects structures while under construction, including materials stored on-site.
Professional Liability: Also commonly known as “errors and omissions insurance”, acts as a safety net for professionals facing client claims of financial loss linked to their services. It also provides protection against lawsuits that may arise from allegations of negligence, misconduct, or not delivering on promised services, ensuring that your reputation and finances remain secure.
Business Interruption Coverage: This coverage compensates for lost income during periods when you must close your business for repairs after a disaster.
Commercial Automotive Coverage: If you use personal vehicles for work, your personal insurance may not cover business-related incidents. Commercial automotive coverage is essential for protecting your company vehicles and related liabilities.
Don’t let insurance be one more thing on your mind. Request a contractors insurance quote from Capital Insurance Brokers today!
