CONTRACTOR INSURANCE
The Time For Contractor Insurance
Is Now
Because contractor work covers a wide range of projects, uses heavy machinery and expensive equipment, and can be dangerous at times, contractors need to secure contractor insurance before taking on any projects. However, one-size-fits-all policies can be clunky and expensive, while most contractors need targeted, tailored policies that provide just the right amount of coverage.
For instance, general contractors, HVAC businesses, and electricians all need slightly different coverage options, despite all falling under that“ contractor” umbrella. With different coverage options, contractors of all types can protect their assets, their businesses, their employees, and even their clients.
WHAT TYPES OF COVERAGE ARE AVAILABLE?
When it comes to coverage options, Nesbit Agencies makes it easy to mix and match the policy features that fit into your business model. Here are a few popular coverage options to consider:
GENERAL LIABILITY INSURANCE
Usually, general liability insurance is part of every contractor’ s insurance package— no matter their specialty. This covers any instances of damage to a worksite or even injuries that may have happened during your project. Let’ s say a customer is walking in the door, and a piece of scaffolding falls and hits them on the shoulder. General liability coverage will take on the costs associated with any medical care or legal suits that follow.
CONTRACTOR’ S EQUIPMENT INSURANCE
Any contractor knows just how devastating it can be to lose a piece of equipment. If something big and expensive stops working, it can upend contracts, delay timelines, and completely disrupt your business. With contractor’ s equipment insurance, you can get a repair or replacement to prevent business downtime.
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