Contractors Insurance Services

Contractors Insurance Services

Artisan Contractor Insurance

Like any business owner, an independent contractor may be sued and held liable for damages. These contract requirements will often state whether the company needs to be added as an additional insured. Our Risk Control, Underwriting and Claim professionals, dedicated to your industry, are skilled in helping you better manage complex indemnity, additional insured and contractual exposures. Our Risk Control, Underwriting and Claim professionals, dedicated to your industry, are skilled in helping you better manage complex indemnity, additional insured and contractual exposures.

That's why The Allen Thomas Group has a specialized construction claim service operation to focus on these unique claims. One of the most influential factors affecting your contractors insurance cost is the type of work involved in your specific trade. insurance for contractors . One of the most influential factors affecting your contractors insurance cost is the type of work involved in your specific trade.

Fifty-three percent of contractors report that professional positions – project supervisors, estimators and engineers – are difficult to fill. Construction claims are complex and potentially volatile. Construction claims are complex and potentially volatile.

We offer insurance by phone, online and through independent agents. Independent contractors face similar legal obligations and liability exposures as larger firms. Independent contractors face similar legal obligations and liability exposures as larger firms.

Construction Contractors 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.

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Cheap Contractor Insurance

Different industries pose distinct risks. Larger contractors with multiple projects and employees need higher limits. Some key reasons contractors need insurance include:Lawsuits - You may face liability claims over property damage, injuries, mistakes, and more. Some key reasons contractors need insurance include:Lawsuits - You may face liability claims over property damage, injuries, mistakes, and more.

Below are key policies every contractor should carry:General liability insurance - This covers claims of bodily injury, property damage, personal injury, and advertising injury. Though some companies provide "one-size-fits-all" contractors insurance policies, we recognize each contracting business is different and our insurance experts will work with you to customize a policy specific to your contracting business's needs - that way you only pay for coverages you actually require.
 Though some companies provide "one-size-fits-all" contractors insurance policies, we recognize each contracting business is different and our insurance experts will work with you to customize a policy specific to your contracting business's needs - that way you only pay for coverages you actually require.


We continually monitor regulations and laws specific to contractors in your state so your company stays fully protected and compliant. General liability insurance provides coverage against both of these issues. General liability insurance provides coverage against both of these issues.

Contractors insurance can also extend to cover your business’s vehicles and employees, depending on the coverages selected. Regardless of the size of an operation, or their role in a particular project, companies should be aware of the operational and financial risks associated with contractor/vendor selection. Regardless of the size of an operation, or their role in a particular project, companies should be aware of the operational and financial risks associated with contractor/vendor selection.

Cheap Contractor Insurance
Contractor Workmans Comp Insurance

Contractor Workmans Comp Insurance

Completion Bonds specifically cover costs if your company is unable to finish. General Liability Insurance also covers any damage your completed projects might cause after work is finished. A client trips and falls on your worksite. A client trips and falls on your worksite.

Customizing a quote to match your specific business is the only way to know you’re getting an accurate rate and enough coverage. One of the main benefits of contractor insurance is that it provides financial protection in the event of accidents or property damage. One of the main benefits of contractor insurance is that it provides financial protection in the event of accidents or property damage.

Helps cover medical expenses and legal fees you incur while defending against a lawsuit from a covered event. At The Allen Thomas Group, we understand the risks contractors are exposed to and have designed custom insurance solutions to address them, such as general liability, property and inland marine, workers' compensation, auto, umbrella and surety and fidelity coverages. At The Allen Thomas Group, we understand the risks contractors are exposed to and have designed custom insurance solutions to address them, such as general liability, property and inland marine, workers' compensation, auto, umbrella and surety and fidelity coverages.

Most often it's best if both you and your client obtain separate policies for liability protection.
 Commercial property insurance provides financial security for your workspace and its contents, often required by landlords when signing a lease agreement. Commercial property insurance provides financial security for your workspace and its contents, often required by landlords when signing a lease agreement.

Contractor Insurance And Bond

If you plan to purchase both general liability and commercial property coverages, one way to lower costs is through a Business Owner's Policy (BOP). Settlement Negotiation: It is essential for contractors to understand the art of negotiation when it comes to settling legal claims. Yet many make the mistake of being underinsured or having gaps in coverage. If you drive your personal vehicle for work, you should consider hired and non-owned auto insurance (HNOA) to make sure you're protected. If you drive your personal vehicle for work, you should consider hired and non-owned auto insurance (HNOA) to make sure you're protected.

This mix of insurance coverages provides vital protection for your contracting business's exposures. This policy pays for damage to the ongoing project itself - like the structure, materials, fixtures and any equipment being installed. Broad coverage to protect contractors against professional and pollution liability risks resulting from professional acts, errors or omissions. Broad coverage to protect contractors against professional and pollution liability risks resulting from professional acts, errors or omissions.

Your cost depends on several variables such as the extent of coverage you require, your specific trade and location.
 Stay protected with Contractors insurance from The Allen Thomas Group Commercial. When you insure your business with The Allen Thomas Group, you get loss control tools and a team who can review your operations, procedures and programs. When you insure your business with The Allen Thomas Group, you get loss control tools and a team who can review your operations, procedures and programs.

With the current reality of more employees working from home through the pandemic, is your business ready for all the implications? Having the right property damage insurance coverage is essential for contractors to protect themselves and their clients from potential liabilities. These options include general liability insurance, workers' compensation insurance, and umbrella insurance. These options include general liability insurance, workers' compensation insurance, and umbrella insurance.

Painting Contractors Insurance

Contractor Insurance And Bond
Hvac Contractor Liability Insurance
Hvac Contractor Liability Insurance
Performance Bonds guarantee your work will be completed per the contract's terms. Being held liable for repairs or replacement on a large-scale project could be financially devastating without Builders Risk Insurance. But regardless, it’s a good idea to have coverage in case of accidents or theft of tools and equipment. But regardless, it’s a good idea to have coverage in case of accidents or theft of tools and equipment.

Your state - rates vary by state based on regulation, litigation environment, weather risks and more. We understand the risks contractors face and have developed commercial insurance solutions to help meet your varied needs including general liability, property and inland marine, workers' compensation, auto, umbrella and surety and fidelity. We understand the risks contractors face and have developed commercial insurance solutions to help meet your varied needs including general liability, property and inland marine, workers' compensation, auto, umbrella and surety and fidelity.

Certificate holders and additional insureds refer to businesses or contractors carrying the coverages specified on a certificate of insurance policy. Personal assets - Without proper business insurance, plaintiffs can go after your personal assets in a lawsuit. Personal assets - Without proper business insurance, plaintiffs can go after your personal assets in a lawsuit.

It could cover you if your business is liable for things like injuring people, damaging property or faulty work. It’s important to protect your livelihood with adequate coverages and limits that match your exposure in case your business is threatened. It’s important to protect your livelihood with adequate coverages and limits that match your exposure in case your business is threatened.

Workmans Comp For Self Employed
Builder's risk and equipment/tools coverage protects you if items are damaged or stolen at a job site. Learn more about what general liability insurance covers. The type of contracting business you own as well as its size and location will affect the types of insurance you may need. The type of contracting business you own as well as its size and location will affect the types of insurance you may need.

These policies often combine coverages such as commercial auto, workers compensation and business owners policies into one package.
 Insurance rates for contractors vary widely based on factors like:Your risk profile - higher risk trades like roofing and electrical cost more than lower risk trades like painting or flooring. Insurance rates for contractors vary widely based on factors like:Your risk profile - higher risk trades like roofing and electrical cost more than lower risk trades like painting or flooring.

Your clients or the general contract could have a blanket additional insured endorsement on their policy, which extends coverage to a type of worker or a group of people, without naming you specifically. Purchased by contractors to protect owners against vicarious liability for ongoing operations performed by, or the owner’s negligent supervision of, the designated “contractor.”Required of contractors who perform work on or around railroad tracks, railroad right-of-way or owned railroad property. Purchased by contractors to protect owners against vicarious liability for ongoing operations performed by, or the owner’s negligent supervision of, the designated “contractor.”Required of contractors who perform work on or around railroad tracks, railroad right-of-way or owned railroad property.

Whether you are a national commercial builder or a local independent contractor, we make insurance understandable and affordable. Personalizing a quote to fit the unique needs of your business is the only surefire way to guarantee you receive an accurate rate and sufficient coverage. Personalizing a quote to fit the unique needs of your business is the only surefire way to guarantee you receive an accurate rate and sufficient coverage.

Workmans Comp For Self Employed

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Frequently Asked Questions

Any business offering their expertise should seriously consider getting professional liability coverage, commonly known as errors and omissions (E&O) insurance, to safeguard both their company and bottom line from customer claims of late completion, incompleteness or substandard work that could potentially lead to costly lawsuits.

Liability insurance provides coverage against damage claims caused by contractors when performing work on your property and injury claims that may arise should someone get injured while performing duty. It also covers court judgments or medical or funeral expenses should someone become seriously ill while on duty.

That means the general contractor must establish his or her own risk mitigation process that works closely with the construction project manager, conducting risk identification and analysis throughout the duration of the project, while creating a comprehensive risk management plan.

For effective risk management of construction projects, it is necessary to understand all four types of risks inherent within it - these could include financial, contractual, operational and environmental threats that come from both internal and external sources.

To determine how much professional liability coverage you require based on your industry, company size and risk profile it's wise to consult an independent insurance agent who can assist in selecting an adequate amount; limits typically range between $250,000-2 million for professional liability policies.