Contractors Insurance
Contractors Insurance Information
Contractors and general contractors constantly face work-related risks. From physical injury to property damage, there are many potential hazards. Having the right insurance in place can help protect you and your business.
The professionals at Greening, Abercrombie & Piekarski LLC can help you secure a comprehensive insurance plan for your needs. Contact us today for more information.
Common Contractor Insurance Questions:
What Coverages Are Available for Contractors and General Contractors?
Various types of coverage is available for contractors and general contractors, and you can customize coverage based on your business’s unique needs. Some options include:
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General liability—This provides coverage if a third party files a lawsuit against your business for bodily injury or property damage. It may pay for the medical expenses or legal costs that arise from that claim.
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Property insurance—If your company’s physical assets (e.g., your building or furnishings) are damaged by covered events such as fires, burst pipes or vandalism this coverage may help compensate those property losses.
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Inland marine insurance—If your business’s equipment and tools are damaged as they are being transported, this coverage may provide repair or replacement costs.
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Builders risk insurance—This coverage may help protect your building materials and supplies if they are damaged by covered risks such as fires, theft or vandalism during a construction project.
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Business Interruption Insurance. If a covered event causes your company to stop operations temporarily, this coverage may help you pay for overhead expenses until your normal business activities resume.
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Commercial auto insurance—If a business vehicle is involved in an accident, this may cover medical expenses, legal costs, and property damage. It is a separate policy from your personal auto insurance.
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Workers’ compensation—If your employees are injured on the job, workers’ compensation may help pay for their medical expenses and lost wages.
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Errors and omissions insurance—If a customer files a lawsuit alleging a mistake, oversight or negligence in connection with your professional services, this insurance may cover the associated costs.
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Pollution liability insurance—This may provide coverage if claims arise that your business’s operations released pollutants that injured or caused property damage to third parties.
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Umbrella insurance—If your business is responsible for a severe accident or significant property damage that exceeds your other coverage’s limits, umbrella insurance may offer additional financial protections.
Endorsements and other supplementary coverages may be available. Your agent can provide details regarding options, policy limits and exclusions.
How Much Does Contractor Insurance Cost?
Several factors determine the cost of contractor insurance. The size and location of your business as well your industry, claims history and selected coverages can influence premiums. The agents at Greening, Abercrombie & Piekarski can work with you to find the protections that come at the best value. We can customize your plan to meet your unique needs. Call us today at 203-239-3395 or visit our website for more information or a quote.
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