For contractors, every day on the job is different– each day brings new risks. Whether it is a project delay, a damaged work vehicle, or an injury on-site, one unexpected event can cause massive financial setbacks.
That is why having the right contractor’s insurance is not just a smart idea, it is essential to running a stable and protected business. Not sure which types of contractor’s insurance coverage you need? Here are four essential types that may be included in your policy:
- General Liability Insurance
Every contractor knows that one small mistake can lead to big problems. That is where general liability insurance comes in. Whether a client trips over a tool on the job site, or a project leads to unexpected property damage, this coverage helps take care of legal fees, repair costs, and claims that could otherwise drain your business financially.
- Commercial Vehicle Insurance
When your truck or trailer doubles as your mobile office, it deserves more than just a personal auto policy. Commercial vehicle insurance is built for the realities of business on the road. If there is an accident, theft, or damage, this coverage helps you avoid major setbacks.
- Worker’s Compensation Insurance
Do you have a worker, or a full team? If you have employees depending on you, worker’s compensation coverage is crucial. This type of contractor’s insurance helps take care of medical treatment, lost income, and recovery time when a worker gets hurt. It shows your team that you have their back!
- Business Owners Policy (BOP)
Juggling multiple policies can be a hassle, especially when you are focused on running projects and growing your business. That is why many contractors choose a Business Owners Policy. A BOP bundles core coverages into one plan, giving you much-needed peace of mind.
At Frost Insurance Agency, we are here to keep you protected with affordable and accessible contractor’s insurance in Haskins, Halmer, Liberty Center, Montpelier, Otsego, Toledo, or the surrounding areas. Whether you are in construction, plumbing, landscaping, or something else, we are here to protect your best interests so you can work with confidence each day. Contact us today to get a quote on contractor’s insurance.
