As a contractor, each job you win brings in extra money but it also brings extra risk. An accident could cause injuries or damage to property leading to a financial loss that can potentially overwhelm your business with financial liabilities.
And the same contractors insurance you used to protect you for a one-man project may not protect you during a multi-year commercial deal.
Protection for every budget or job
Because every business is different, commercial insurance solutions for contractors can range from a basic policy to a thorough mix of coverages that vary job to job.
Also, the type of contracting business you own, size, number of employees, and type of work all have an impact on the types of protection you may need.
Full transparency is important when purchasing a Contractors Liability policy as well as continuous communication with your agent. For an agent to be able to answer questions accurately and provide you with quote options you need to disclose every aspect of your business. After you purchase a policy, any changes made to the operation of your business need to be communicated to the agent PRIOR to the change taking effect so that any changes that need to be made to your insurance can be made.
Who Needs Construction Insurance?
Any person or business working in construction trades: building construction, heavy construction or home improvement. We offer coverage for various trades, including but not limited to the following:
Security Company Insurance
Home Builder Insurance
Insurance keeps working, even after the job is done
Even when the job is finished, there is plenty more work to be done. You may have connected the final fixtures, flipped the switch, and handed over the keys, but the potential liability from your work goes on.
What does contractors insurance cover?
The list of coverage areas that may need to be addressed when discussing insurance for your Contracting business include:
- Property in transit covering equipment, and losses to goods stored (on or off your premises), or being transported to or from your premises.
- Workers Compensation can replace lost wages, pay medical treatment, as well as protecting your business assets should an employee suffer injury
- Trucks and other commercial vehicles to pay for any claims resulting from an employee’s accident while driving a company vehicle, or their own vehicle while on company time.
- Errors and omissions covering any claims for negligence or other mistakes resulting in a loss to the customer during business activities
And many more ...
If your contractors insurance misses any one aspect of this protection, your job and your company could be at serious risk.
What about the cost?
Fact is, you can’t afford not to have coverage. Understandably, price is always a concern for contractors. But with a custom contractors insurance policy from Ozark Insurance Agency, you are in control of what types and amounts of coverage you want to pay for, and when. So it can be surprisingly affordable.
Talking to a local resource you can trust is the first priority. Fill out the Request a Quote form or call our office at 225-775-7614 to talk to one of our Licensed Agents.