Insured Contractor

Insured Contractor

Bonding Insurance For Contractors

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. 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. insurance for contractors . 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.

Insurance Building Contractors —

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.

Electrician Business 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.

Electrician Business Insurance
Contractor Insurance Services

Contractor Insurance Services

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.

Contractors Insurance Services

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.

Contractors Insurance Services
Online Contractors Insurance
Online 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.

Contractor Liability 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.

Contractors And Insurance

Contractor Liability Insurance

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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.