Contractors are no strangers to hard work. Whether a homeowner’s pipes burst and flood the basement or a business’s furnace stops working in the dead of winter, it is often contractors who come to the rescue. Your work is important, but it is also dangerous. Whether you are a general contractor or a subcontractor, you need contractors insurance to cover your exposures and liabilities.
Contractors insurance is a broad term used to describe coverage for many different independent workers and business owners. Examples include:
- General Contractors
- Home Builders
- HVAC Professionals
- Pool Servicers
- Construction Workers
- And More!
Imagine being asked to handle all of the electrical work for a new subdivision. You hire several subcontractors to help you get the job done, you have your bonds in place, and then you find out one of them has stolen materials from the builder’s job site. You fire the subcontractor, but are held liable for the equipment and materials he stole, totaling thousands of dollars. Had you purchased the right contractors insurance package, you might not be paying for the damages out of pocket.
Contractors Insurance in Lake Geneva, WI
Even the handiest of handymen should not take the DIY approach to contractors insurance, as it’s easy to miss small details that could lead to major losses down the road. Instead, let us do the hard work for you, working to find coverage specific to your industry and individual needs. We know that contractors must abide by many different guidelines, from legal requirements to the conditions your clients insist upon. We can help you stay compliant, meet client expectations, and minimize your risk exposure.
We offer a wide range of coverage for contractors in the Walworth County area. Although every contractor will have his or her own specific coverage needs, some of the most common types of insurance for contractors include:
General Contractors Liability Insurance
Liability insurance is the foundation of a contractor’s coverage, providing important protection against lawsuits stemming related to your business. Whether a customer slips and falls in your office or is injured by a piece of heavy machinery you bring to a job site, liability insurance works as your safety net.
The people who work for you are at risk of being injured on the job. If an employee suffers a serious injury, workers compensation helps pay for medical bills and lost wages while he or she recovers.
Commercial Auto Insurance
If an employee causes an accident the employee vehicle, whether it be a car, truck, or commercial van, your commercial auto insurance can help cover the damages. Commercial auto insurance can provide liability protection, as well as collision coverage when your vehicle is moving between job sites and the office.
Property insurance helps protect your office or place of business if you experience losses related to a covered event. Fire, water damage, storm damage, and theft are just a few examples that could lead to major losses.
Contractors often own or lease equipment to complete the jobs they are hired for. From forklifts and cranes to small tools and compressors, make sure you are covered against losses when your equipment is in storage, at the office, or operational on a job site.
Errors and Omissions Insurance
If you are responsible for a faulty repair that causes an HVAC system to fail, your customers may hold you liable for negligence. Errors and omissions insurance helps protect you against claims of negligence that cause a major loss for a client.
Accidents can happen in less than a second. Make sure you are covered with the right contractors insurance. Call us today to speak with a member of our team and request your free commercial insurance quote. We look forward to serving you soon.