Contractors Insurance Coverage Constructed for You
As a contractor, your business faces several unique risks, and you are often responsible for several aspects of your recent projects. Contractors insurance is used to protect you if an accident occurs due to you or your work. At King Insurance, we can provide personalized, custom insurance plans that provide coverage for you, your employees, and your assets.
Contact King Insurance today to discuss our flexible business insurance plans and receive a free, no-obligation quote.
What Is Contractor Insurance?
Contractor liability insurance is used to help protect your business if something unexpected were to occur, which includes accidents involving your assets and your employees. In the event that your business is facing a lawsuit, contractors insurance is able to help give you peace of mind that you are protected. But, with other forms of commercial insurance, it is important to get the right type of coverage.
Why Contractors Need Contractors Insurance
With all the tasks required of a contractor, such as putting their plans into action to complete large and small projects, your business will face unique risks. Along with this, your clients or state regulations may require you to have general liability coverage before you begin working on a project. Without these, your business could be held responsible for any accidents caused by you or your work.
What Types Of Contractors Insurance Are Available?
Commercial Vehicle Insurance
If your business owns any type of vehicle, it is required to have a form of commercial vehicle insurance. This type of insurance will help protect the policyholder from costly repairs, medical expenses, or lawsuits stemming from an auto accident involving the company vehicle.
Workers' Compensation Insurance
Workers' compensation provides coverage for many medical expenses or lost wages following an injury sustained on the job. Along with damages incurred within the workplace, workers' compensation covers when employees are injured when serving within the scope of their job's duties.
Builder's Risk Insurance
Builder's risk insurance is used to help cover buildings and other structures while they are still under construction. While other property-related insurance, such as commercial or homeowners, typically doesn't apply when under construction.
Who Needs Contractors Insurance?
Contractors, subcontractors, and other independent tradesmen may require contractors insurance to help protect you from being held responsible for any accidents occurring due to your work. Oftentimes, this type of insurance is required by state regulations before you may begin working on a project.
Personalized Policies For Contractors
Being a contractor presents a set of unique risks to your business, both on-site and during travel. If you are interested in learning more about protecting your contracting company, contact our insurance agency to speak to one of our experienced business insurance agents!
At King Insurance, we’re licensed to serve a collection of states, including Alabama, Florida, Georgia, New Jersey, New York, North Carolina, South Carolina, Tennessee, Virginia, and West Virginia.