Construction Insurance Types

Construction Insurance Types

General Liability Insurance For Construction Company

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. insurance for contractors . 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.

Licensed Contractor Insurance Agency —

This protection is required by law in most states. Insurance doesn't have to be complicated! Insurance doesn't have to be complicated!

It’s typically more expensive for clients to include you in their policy as an additional insured. It’s typically more expensive for clients to include you in their policy as an additional insured.

It protects your business and is often required by many employers before you can start working for them. It protects your business and is often required by many employers before you can start working for them.

The Allen Thomas Group helps find insurance quotes for construction contractors, landscapers, cleaning services, professional service providers, and freelance professionals in many other industries. The Allen Thomas Group helps find insurance quotes for construction contractors, landscapers, cleaning services, professional service providers, and freelance professionals in many other industries.

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Best General Contractor Insurance

Independent contractors in these fields must also have this protection.
 It protects them in case their business is found responsible for harming people, damaging property or producing substandard work.
 Builders Risk Insurance is designed to cover the unique risks contractors face at active construction sites. Independent contractors may need additional forms of small business coverage in addition to commercial general liability insurance, including:Every state requires vehicles registered to a business to carry commercial auto coverage; otherwise they would be held financially liable in case of an auto accident. Independent and self-employed contractors generally aren't required to carry workers' compensation insurance; however, it may be mandatory in certain jurisdictions or as part of an agreement.
 Independent and self-employed contractors generally aren't required to carry workers' compensation insurance; however, it may be mandatory in certain jurisdictions or as part of an agreement.


Here are three essential types of property damage insurance coverage that contractors should consider:1. With a general liability insurance policy, those expenses are covered. An additional insured may be covered when sued for bodily injury, property damage and advertising injury claims. Car accidents happen in a split second but bring extensive costs - from vehicle repairs and medical bills to lost income when jobs grind to a halt. Car accidents happen in a split second but bring extensive costs - from vehicle repairs and medical bills to lost income when jobs grind to a halt.

Contractor Liability Insurance: This type of insurance provides coverage for property damage or bodily injury caused by the contractor's work. A Business Owner Policy (BOP) combines contractors liability coverage, personal property coverage and building coverage into one comprehensive policy. If a third party sues the additional insured over work done for the business, the general liability insurance policy can address the claim. Independent contractors may also be sued and held liable for damages, just like other small business owners. Independent contractors may also be sued and held liable for damages, just like other small business owners.

Furthermore, bidding or taking on new jobs often requires proof of insurance as part of their requirements.
 Call (440) 826-3676 for a free contractor insurance quote today. This major expense comes on top of work delays, decreased productivity and legal fees. It covers the cost of repairs or replacement of damaged property, as well as any legal fees associated with a liability claim.2. It covers the cost of repairs or replacement of damaged property, as well as any legal fees associated with a liability claim.2.

Best General Contractor Insurance
Contractor Insurance Quote

Contractor Insurance Quote

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.

Builders Risks Insurance

It provides protection for the structure and materials on the construction site against damage from events such as fire, theft, vandalism, or natural disasters.3. Allen Thomas Group risk control construction specialists have the experience and know-how necessary to meet all of your risk control requirements and take a proactive approach towards safety and accident prevention.
 By insuring your business with The Allen Thomas Group, you gain access to loss control tools and an expert team who will evaluate all aspects of its operations, procedures and programs. Without insurance, contractors may have to pay these costs out of pocket, which can be financially devastating. Having property damage insurance ensures that you are protected financially in case any damages occur during the course of your work. Having property damage insurance ensures that you are protected financially in case any damages occur during the course of your work.

However, it may be required in certain jurisdictions or to fulfill a contract. If this occurs to you, HNOA coverage could provide additional protection - read up on these policies today if needed!
 An independent insurance advisor like The Allen Thomas Group will shop multiple carriers to find your optimal blend of coverage, limits and cost. Accidents or property damage can occur during the course of a construction project, and without adequate insurance coverage, contractors can face significant financial losses and legal consequences. Accidents or property damage can occur during the course of a construction project, and without adequate insurance coverage, contractors can face significant financial losses and legal consequences.

Comprehensive contractor insurance is essential to protect yourself, your business and your bottom line. Contractors insurance from The Allen Thomas Group provides small businesses like painters, carpenters, landscapers and other tradespeople with various coverages to offset any financial repercussions of workplace accidents. So is the business owner or the subcontractor responsible for adding the additional insured? Without insurance, defending yourself in court would cost out-of-pocket expenses; with general liability coverage they are covered automatically.
 Without insurance, defending yourself in court would cost out-of-pocket expenses; with general liability coverage they are covered automatically.


With the right insurance partner, you can run your business with confidence knowing you've safeguarded your company's finances and reputation. That's why it's critical to protect your business with comprehensive insurance coverage. You've worked hard to build your company and reputation. Contact us today to discuss your unique risks, get a fast quote, or review your current policies. Contact us today to discuss your unique risks, get a fast quote, or review your current policies.

Builders Risks Insurance
Contractors Protective Liability
Contractors Protective Liability
No matter their size or role in a project, businesses should understand both operational and financial risks involved with selecting contractors/vendors. Property insurance protects your assets in a loss. Call our licensed agent and they can assist with commercial auto and business insurance quotes.
 Independent contractor insurance varies significantly across industries. Independent contractor insurance varies significantly across industries.

Professional liability - Required for design/build contractors and covers mistakes in your professional work that lead to property damage or financial loss (gaps in coverage, delays, inferior work). As a contractor, you want an insurance resource who becomes an invaluable, long-term business partner. Other factors that impact the cost of contractors insurance are employees, coverage needs, vehicles, location and claims history. Other factors that impact the cost of contractors insurance are employees, coverage needs, vehicles, location and claims history.

Workers' compensation insurance helps cover medical expenses, lost wages, and rehabilitation costs. Without proper liability insurance coverage, contractors risk facing significant financial losses and potential lawsuits, which can have a devastating impact on their businesses and personal finances. Details of coverage, limits, or services may not be available for all business and vary in some states. Details of coverage, limits, or services may not be available for all business and vary in some states.

Contractors face numerous unique and often dangerous risks on a daily basis in their work as independent contractors. This often means specialized products and add-ons specific to contractors. It's mandated in most states with rare exceptions. It's mandated in most states with rare exceptions.

General Contractor Workers Compensation Insurance
Contractors should assess the provider's claims process and responsiveness, as well as their financial stability. Coverage for damage to other nearby properties caused by the construction is also included. Your business size - higher payroll, sales, etc. mean higher premiums. Your business size - higher payroll, sales, etc. mean higher premiums.

Commercial property - Protects your business property like offices, warehouses, showrooms for perils like fire, theft, vandalism, smoke damage, etc. Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions. Our specialized construction underwriters have deep industry knowledge and an ability to provide flexible, innovative solutions.

Understanding the policy limits and choosing the right insurance provider are crucial aspects of this type of coverage. Policy limits refer to the maximum amount that an insurance company will pay out for a claim. Policy limits refer to the maximum amount that an insurance company will pay out for a claim.

These options provide protection if either you or your client is faced with a lawsuit over third-party bodily injury, property damage, or reputational harm. People who work for themselves and don’t have any employees generally aren’t required to have workers’ comp insurance, but it's still a good idea to carry coverage. People who work for themselves and don’t have any employees generally aren’t required to have workers’ comp insurance, but it's still a good idea to carry coverage.

Contractor Workers Comp Insurance

General Contractor Workers Compensation Insurance

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Frequently Asked Questions

Draft an explicit scope and contract agreement with clients; this will establish open lines of communication. Secure general/professional liability coverage from The Allen Thomas Group as soon as you start operating a business.

Contractor's all risk (CAR) coverage provides protection for losses related to fire, flood, windstorm, earthquakes or construction faults occurring during a building project. Contractors hired as project leaders should strongly consider taking out CAR policies.

Task and Schedule Tracking Doing this not only aids construction risk management but also allows teams to make better decisions regarding how best to complete certain parts of a project, especially when they fall behind schedule. What's more is these tools help increase accountability.