Contractors’ Insurance

Protect Your Business with Contractors’ Insurance

Contractors’ Insurance is instrumental in protecting your business. Contractors have many responsibilities including designing customer construction plans; meeting required deadlines, working with other contractors and sub-contractors and overseeing projects to completion all of which have varying degrees of risk and liability associated with them.

Contractors such as:

• Carpenters
• Concrete Contractors
• Drywall Installers
• Electricians
• Excavating and Grading Operators
• General Contractors
• Handymen
• HVAC Engineers
• Landscapers
• Plumbers
• Painters and Decorators
• Stone Masons
• Tile and Floor Installers

…all work with tools and machinery and, many operate at dangerous heights and all work on the property of their customers, each risking bodily injury to a 3^rd party, personal injury and potential customer or 3^rd party property damage.

You can protect your contracting business with a Business Owners Policy.  This policy will protect your business in a similar way that your homeowner’s policy protects your home and personal property by bundling three basic coverages into one policy:

General Liability protects your contracting business against some types of lawsuits filed against your company for (alleged) 3^rd party personal injuries or property damage that was considered to be a direct result of your business.

Commercial Property protects your tools, equipment, and place of operation.

Business Income provides coverage for some of the income lost when your property, covered in the commercial property coverage section of the policy, is damaged and you cannot run your business resulting in a loss of income.

In addition to the coverage provided in the Business Owners Policy your business may require some or all of the following supplemental insurance coverages:

• Workers Compensation Insurance – covers medical expenses and compensation for lost wages for workers injured while working.
• Commercial Auto Insurance – protects vehicles driven by your employees
• Umbrella Coverage – additional coverage to protect your business should you have a catastrophic liability claim.

Finding the correct type of coverage for your business can be challenging.  OceanPoint Insurance has a dedicated team of experienced professionals who specialize in working with Contractors.  Our team will work with you to understand your business. Once the team understands your business, budget, and needs, they will select the best policy from our selection of partner insurance carriers.