About Contractors Insurance

Business Insurance
November 15, 2013

Contractors Insurance (aka “Construction Insurance”) is a type of insurance that helps protect contractors in the case of an accident on the job site. Contractors Insurance usually has three sections, one to cover you (the contractor), one to cover the person or entity that you are contracted to, and one to cover the members of the public if something were to happen.

General Contractor Liability Insurance can be called many different names.  Here are some common types of coverage names you might hear:

  • General Contractor Insurance
  • Subcontractor Insurance
  • Electrical Contractor Insurance
  • Handyman Insurance

Every contractor needs general contractor liability insurance for their business and their livelihood. There are, however, additional insurance services that can greatly benefit a contractor. Whether or not a contractor might need these supplemental insurance services depends on the type of business, how large the job is and if the job is in a particular risky category.

Here are some supplemental policies that many contractors may need to look into:

  • Surety Bonds
  • Commercial Auto Insurance
  • Workers Compensation

As you can see, Contractors Insurance has a lot of moving parts to it. It is an essential tool for any contractor working today.  Call today for a free contractors insurance quote!