Specialized Insurance for Contractors

Regardless of the type of business you are in – electrician, plumber, carpenter – you need the right insurance coverage. We are here to provide you with the tailored insurance package to fit your needs.

What is Contractor Insurance, and why do you need it?

Contractor Liability Insurance is an insurance policy specially designed for contractors to protect them against specific risks they may encounter on the job, such as third-party injuries and property damage.

If you’re a contractor who accepts money to complete work for a client, you need contractor insurance; if you don’t, you’re at risk of paying out of pocket for any damages you may cause.

Let us find the best coverage for you.

You work hard for your business, let us work hard to protect it.

What Does It Cover?

Contractor Insurance protects your company against specific risks associated with contracting trades, such as third-party property damage and equipment theft.

A comprehensive policy will typically include the following:

  1. Commercial General Liability (CGL)
  2. Equipment & Tools Insurance
  3. Pollution Liability Insurance
  4. Builders Risk Insurance
  5. Products-completed Operations Insurance

Who Needs Contractor Insurance?

If you are a contractor, there are many risks associated with the industry you operate, such as third-party injuries and property damage resulting from work-related accidents.

Contractor insurance will provide the coverage and protection should you or one of your employees be named in a lawsuit.

Some of the contractors we would insure include:

  1. General Contractors
  2. Electricians
  3. Plumbers
  4. Painters and Plasters
  5. Tilers

What Does It Cost?

The cost of contractor insurance is not significant and varies depending on a number of factors.

The following factors are typically taken into consideration when determining your premium:

  • Industry and Services Offered
  • Years of Experience
  • Number of Employees
  • Annual and Projected Revenue

We have access to many different insurance providers and can therefore offer you different options to ensure the best coverage at the best price.

Request a Construction/Contractor Insurance Quote

Common claims scenarios

Situation:
During a home renovation that you are overseeing, your plumbing subcontractor installs bathroom fixtures, which start to leak overnight while the worksite is vacated. By morning, a substantial amount of water has damaged the new floors and other materials left at the site.

Outcome:
Your Commercial Liability Insurance and that of the Plumber would cover the $15,000 claim cost.

Situation:
You are hired to replace the siding on a home. While on break some neighborhood children get on your equipment and get injured.

Outcome:
Commercial General Liability Insurance covers you when someone gets injured as a result of your work or equipment.

Situation:
While on a construction site, one of your subcontractors gets injured. As the general contractor, you could be liable for the third-party damages.

Outcome:
Your Commercial General Liability Insurance will protect you against a bodily harm injury that occurs on-site.

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