Builder’s Risk Insurance
As a contractor, you encounter various risks inherent in your profession, regardless of your specific trade. Safeguarding your business with comprehensive insurance is crucial to mitigate potential financial losses from these hazards. If you’re seeking insurance solutions tailored to contractors, we stand ready to assist you at The Ins Guy Insurance Agency. Feel free to reach out to us for more information.
Exploring Insurance Coverages for Contractors
Whether you operate as a general contractor or an artisan contractor, business insurance offers coverage for numerous exposures, helping alleviate your out-of-pocket burdens. Contractors can choose from a range of insurance options, including but not limited to:
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Commercial property insurance - Provides coverage during construction projects, safeguarding against damage to the building under construction, materials, or supplies due to covered causes of loss (e.g., fire). This coverage can apply to property at the job site or temporarily stored off-site.
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Builder’s risk insurance - Builder’s risk insurance can provide coverage during a construction project. It may provide coverage if the building under construction, materials or supplies are damaged by a covered cause of loss (e.g., fire). Coverage may apply to property at the job site or temporarily stored off-site.
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Contractor’s tools and equipment insurance - Covers repair or replacement costs if your portable tools or equipment suffer damage, loss, or theft.
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Commercial auto insurance - Offers coverage for business-owned vehicles in case of damage or accidents. Hired and non-owned auto insurance (HNOA) may also be available for vehicles your business rents or leases.
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Liability insurance - Protects your business if held legally responsible for property damage or injuries to third parties. Various types of liability insurance are available, including commercial general liability, products liability, pollution liability, cyber liability, completed operations liability, and professional liability.
insurance may be available, including:
- Commercial general liability insurance
- Products liability insurance
- Pollution liability insurance
- Cyber liability insurance
- Completed operations liability insurance
- Professional liability insurance
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Umbrella insurance - Acts as a safety net in case a significant liability claim exceeds the limits of other liability policies.
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Workers’ compensation - Provides wage replacement or medical expense coverage for employees suffering work-related injuries or illnesses.
Additional policies and endorsements may be accessible. Contact our team to discuss options, limits, and exclusions.
Securing Contractors Insurance
Reggie Saylor, Agent with John Galt Insurance Agency understands the unique risks faced by contractors and is committed to helping you obtain adequate protection against your exposures. Contact us today to discuss your insurance needs and receive a personalized coverage quote.