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Contractors from all industries face many hazards when performing their jobs. Whether you are a general contractor managing an entire worksite or an artisan contractor bringing specialized skills to a project, proper business insurance can provide vital financial protection. Additionally, insurance may be required in order to obtain licenses and contracts. The team of agents at Germani Insurance Services is dedicated to helping you secure the coverages you need. Contact us today to get started.
What Does General Contractors or Artisan Contractors Insurance Cover?
Our business insurance plans for general or artisan contractors can be customized for your needs. Typical coverages may include general liability insurance, errors and omissions insurance, property insurance, umbrella insurance, commercial auto insurance and workers’ compensation.
General liability insurance
General liability insurance may provide coverage if a general or artisan contractor is responsible for the property damage or bodily injuries of third parties (e.g., clients). It may help pay for the resulting medical expenses or legal fees.
Professional liability insurance
Also known as errors and omissions insurance, this may provide coverage if a client raises a claim that your business made a professional mistake that resulted in a financial loss.
Property insurance
Property insurance may be available to protect your business’s assets (e.g., your building and its furnishings) from covered events like fires and vandalism. Contractors’ tools and equipment insurance may provide coverage if your specialized equipment is lost or damaged by covered perils, and builder’s risk insurance may protect building materials both at the construction site and stored off-site.
Workers’ Compensation Insurance
Workers’ compensation insurance may aid your employees if they sustain a work-related injury or illness. It may provide medical benefits to help cover expenses such as hospital visits and wage-loss benefits to supplement lost income. Depending on applicable state laws, workers’ compensation insurance may be required.
Commercial auto insurance
Commercial auto insurance may provide coverage for the vehicles your business owns or operates. It is separate from personal auto insurance may provide liability, collision and comprehensive coverages if an accident occurs.
Other coverages may be available that fit your business’s needs. Your insurance agent can provide additional information regarding available options, exclusions and limits.
How Much Does Contractors Insurance Cost?
The cost of general or artisan contractors insurance depends on several factors, including your industry, the coverages selected and your claims history. The size, age and location may also affect premiums.
The professionals at Germani Insurance Service can assist in building a comprehensive package that provides the appropriate insurance coverage. We can help you secure customized plans while working with your budget. Contact us today for more information or a quote.