Contractors Insurance
As a contractor, you face many risks as part of your job, no matter your trade. Securing comprehensive business Â鶹ֱ²¥ for your operations can help mitigate the financial losses from these hazards. If you’re a contractor and need Â鶹ֱ²¥ solutions, we are ready to help. Contact MSB Insurance Group today for more information.
What Types of Insurance Coverages Are Available for Contractors?
Whether you are a general contractor or an artisan contractor, business Â鶹ֱ²¥ can provide coverage for several exposures, which can help reduce your out-of-pocket burden. The coverages contractors select vary. Several types of Â鶹ֱ²¥ are typically available, including, but not limited to:
- Commercial property Â鶹ֱ²¥â€”Commercial property Â鶹ֱ²¥ protects your business’s physical assets (e.g., your building and its furnishings) if they are damaged by covered perils, such as fires or storms. It may provide repair or replacement costs.
- Builder’s risk Â鶹ֱ²¥â€”Builder’s risk Â鶹ֱ²¥ can provide coverage during a construction project. It may provide coverage if the building under construction, materials or supplies are damaged by a covered cause of loss (e.g., fire). Coverage may apply to property at the job site or temporarily stored off-site.
- Contractor’s tools and equipment Â鶹ֱ²¥â€”This may pay repair or replacement costs if your portable tools or equipment are damaged, lost or stolen.
- Commercial auto Â鶹ֱ²¥â€”If your business owns vehicles, commercial auto Â鶹ֱ²¥ may provide coverage if they’re damaged or in an accident. Hired and non-owned auto Â鶹ֱ²¥ (HNOA) may also be available to cover vehicles your business rents or leases.
- Liability Â鶹ֱ²¥â€”If your business is held legally responsible for property damage or injuries to third parties, liability Â鶹ֱ²¥ may compensate them for their losses. It may also cover the associated legal fees. Several types of liability Â鶹ֱ²¥ may be available, including:
- Commercial general liability Â鶹ֱ²¥
- Â鶹ֱ²¥ liability Â鶹ֱ²¥
- Pollution liability Â鶹ֱ²¥
- Cyber liability Â鶹ֱ²¥
- Completed operations liability Â鶹ֱ²¥
- Professional liability Â鶹ֱ²¥
- Umbrella Â鶹ֱ²¥â€”If a significant liability claim exceeds the limits of your other liability policies, umbrella Â鶹ֱ²¥ may fill in the gap.
- Workers’ compensation—If an employee suffers a work-related injury or illness, workers’ compensation may provide wage replacement or payments for medical expenses.
Additional policies and endorsements may be available. Speak with our team to discuss options, limits and exclusions.
How to Get Contractors Insurance
MSB Insurance Group is well versed in the unique risks a contractor may face, and we’re here to help you get adequate protection against your exposures. Contact us today to discuss your Â鶹ֱ²¥ needs and to get a quote for coverage.