Cheap General Contractor Insurance

Commercial Auto Insurance covers the array of motorized equipment contractors rely on including dump trucks, cranes, bulldozers and tractors. This is where Surety Bonds come in - providing a guarantee you will meet all contractual obligations. Equipment and tool coverage: Contractors rely on various equipment and tools to complete their work. For example, the photographer could be accused of copyright infringement, while the remodeler faces the risk of potential injury to the homeowner. Assists you with covering medical expenses and legal fees associated with defending against an event covered under this plan.
 Assists you with covering medical expenses and legal fees associated with defending against an event covered under this plan.


Without proper insurance, a single incident could devastate your finances or even put you out of business. For contractors, the risk of accidents and injuries is inherent in their line of work. The Allen Thomas Group does just that, providing in-depth, ongoing service and advice to keep our clients protected and empowered to grow. The contractor's understanding of legal claims and litigation is crucial for mitigating risks and ensuring a successful resolution. The contractor's understanding of legal claims and litigation is crucial for mitigating risks and ensuring a successful resolution.

Our experienced construction underwriters possess in-depth industry expertise and the flexibility and creativity required to offer flexible yet innovative solutions.
 Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or a financial institution. Top insurance carriers - Independent agencies have access to quotes from numerous respected insurance carriers all in one place. It covers medical expenses, lost wages, and rehabilitation costs, protecting both contractors and their workers.3. It covers medical expenses, lost wages, and rehabilitation costs, protecting both contractors and their workers.3.

It is important for contractors to carefully review and understand the policy limits of their liability insurance. Though business insurance may not be required by law, failing to purchase it could leave you personally responsible for mistakes on the jobsite. Documentation and Evidence: Contractors need to maintain accurate and comprehensive documentation throughout the project lifecycle. The Allen Thomas Group can assist individuals and businesses, from small to multinational enterprises, with their commercial surety needs. The Allen Thomas Group can assist individuals and businesses, from small to multinational enterprises, with their commercial surety needs.

This allows them to compare rates for your optimal coverage and cost efficiency. We offer options that fit companies with 2 vehicles or 200.- Covers liability and property damage from accident claims - Provides collision, theft and natural disaster protection- Applies to all company-owned motorized equipment With decades of experience, The Allen Thomas Group Insurance Agency has developed specialized expertise when it comes to the contracting industry. Contractors insurance provides your business with essential protection against financial debt incurred as the result of work-related accidents, and should provide adequate coverages that match its exposure should your livelihood be compromised. Contractors insurance provides your business with essential protection against financial debt incurred as the result of work-related accidents, and should provide adequate coverages that match its exposure should your livelihood be compromised.

Workers' compensation coverage provides medical costs and lost wages related to work-related injuries or illnesses that occur on the job, and is required by most states for businesses that employ employees or those working in riskier industries, like roofing and building trades. In the event of an accident, an independent contractor's commercial auto policy would cover the legal bills, medical expenses, and property damage. In the event of an accident, an independent contractor's commercial auto policy would cover the legal bills, medical expenses, and property damage.

A BOP bundles both coverages into one policy with usually lower insurance premiums than purchasing them separately from individual insurers.
 Individual tools and materials usually aren’t covered under this policy. Individual tools and materials usually aren’t covered under this policy.

The type of contracting business you own as well as its size and location will impact what types of insurance policies may be necessary. Workers' Compensation Insurance: This coverage is essential for contractors who have employees. Workers' Compensation Insurance: This coverage is essential for contractors who have employees.

Learn more about what this coverage entails here. General liability insurance costs an average of $42 per month for The Allen Thomas Group customers, but this figure varies based on several factors such as:Your own general liability policy is accessible via multiple avenues: commercial general liability insurance can be obtained from business insurance providers or agencies; to show clients you're protected, request a general liability certificate of insurance instead; this option tends to be more cost-effective for them. It’s required in most states for businesses that have employees. Provides protection for fixed property under construction and equipment used during construction, whether it is in transit, in storage or at the jobsite. Independent contractors can be sued and held liable for damages, just like other small business owners. Independent contractors can be sued and held liable for damages, just like other small business owners.

Whether it's a slip and fall accident at a construction site or damage caused by faulty workmanship, the potential for liability claims is ever-present. An additional insured is defined as any person covered by an insurance policy other than its policyholder, who enjoys less coverage but still gains crucial protection, including:Defense Coverage. Our advisors specialize in contractor insurance. Contract requirements - Many construction contracts require you to carry certain insurance limits and name the client as an additional insured. Contract requirements - Many construction contracts require you to carry certain insurance limits and name the client as an additional insured.

The amount you pay is based on several different factors like the amount of coverage you need, your specific trade and your location. Cost-saving options - Through a coverage analysis and comparison quotes, a good agent will identify potential savings on policies and deductions like safety training credits. It is crucial for contractors to have adequate insurance coverage to safeguard their businesses and ensure they are protected in the event of unexpected incidents. The ideal coverage limits depend on your business size and services. The ideal coverage limits depend on your business size and services.

It combines both coverages under one policy, and usually has lower insurance premiums than buying each policy separately from the insurance company. These options offer you and your client protection should they find themselves involved in a lawsuit alleging third-party bodily injury, property damage, or reputational harm.
 This not only helps contractors avoid financial burdens but also ensures that clients are not left with the financial burden of repairing or replacing their property. While business insurance may not be required by law, without insurance you could be held personally liable for a mistake on the job. While business insurance may not be required by law, without insurance you could be held personally liable for a mistake on the job.