Workers' Comp ensures you have expert legal representation if such claims arise. Furthermore, bidding or taking on new jobs often requires proof of insurance as part of their requirements. The Allen Thomas Group Contractor Insurance . Contractor insurance is crucial for protecting both contractors and their clients from financial risks and liabilities associated with accidents or property damage.
Contractors insurance from The Allen Thomas Group protects small businesses like painters, carpenters, landscapers and other tradespeople with a variety of coverages to help them take on the financial impact of work-related accidents. We continually monitor regulations and laws specific to contractors in your state so your company stays fully protected and compliant.
General liability insurance helps cover legal fees and damages resulting from a lawsuit. Liability coverage helps shield your personal finances.
High winds collapse scaffolding onto adjacent buildings. Workers' Compensation Insurance: This coverage is essential for contractors who have employees.
Independent contractors can be sued and held liable for damages, just like other small business owners. Learn more about what this coverage entails here. As a contractor, your business is your livelihood. Personalizing a quote to fit the unique needs of your business is the only surefire way to guarantee you receive an accurate rate and sufficient coverage.
Stay protected with Contractors insurance from The Allen Thomas Group Commercial. As a contractor myself, I've seen firsthand how critical insurance is. Business owners can add an additional insured to their commercial general liability insurance policy.
Independent and self-employed contractors generally aren't required to carry workers' compensation insurance; however, it may be mandatory in certain jurisdictions or as part of an agreement. Protect Your Livelihood: Work with Insurance ExpertsAs a fellow contractor, I know how grueling and risky our work can be. You have the option to include attached equipment like ladder racks and permanently fitted tool boxes as part of this coverage; individual tools are usually not covered under such policies.
This guide will provide an overview of essential coverages, insurance costs, and tips for choosing the best insurance agency for your contracting business.
Like any other small business owner, an independent contractor can be sued and held liable for damages. Coverage for collisions, vandalism, natural disasters and theft is also included. If you drive your personal vehicle for work, you should consider hired and non-owned auto insurance (HNOA) to make sure you're protected.
Please fill out The Allen Thomas Group's online application and get in touch with one of their licensed insurance specialists to get assistance for your unique business insurance needs. This includes contracts, change orders, correspondence, and any other relevant records.
Your clients can add you to their general liability policy as an additional insured.
Keep your fleet and business driving forward with customized coverage from our commercial auto insurance experts. Some independent contractors are required to have this coverage to work in riskier professions, such as roofing and building trades. We offer insurance by phone, online and through independent agents. A business can add multiple contractors to its general liability policy.
Tools, equipment, and materials coverage - Insures business tools, equipment, supplies/inventory for loss or damage at the job site or in transit. Insurable interest Different industries bring different risks. Assists you with covering medical expenses and legal fees associated with defending against an event covered under this plan.
Independent contractors can also add business owners to their policy. Additionally, before bidding or taking on a job, you may be required to show proof of insurance. It provides benefits to employees who are injured or become ill due to work-related activities.
It depends largely on the scenario, and practices vary by industry. This coverage protects you when a third party sues your business for bodily injury or property damage. The Allen Thomas Group Advantages Include:- Specialized expertise serving contractors across the U.
General liability insurance is particularly important as it provides coverage for third-party bodily injury and property damage claims that may arise during the course of a project. Understanding the policy limits and choosing the right insurance provider are crucial aspects of this type of coverage.
Call us or start the quote online to begin today.
Workers' Compensation Insurance: This coverage is essential for contractors who have employees.
For example, the photographer could be accused of copyright infringement, while the remodeler faces the risk of potential injury to the homeowner. Commercial property - Protects your business property like offices, warehouses, showrooms for perils like fire, theft, vandalism, smoke damage, etc. So is the business owner or the subcontractor responsible for adding the additional insured?
Top insurance carriers - Independent agencies have access to quotes from numerous respected insurance carriers all in one place. Prices vary based on how you buy.
It’s important to protect your livelihood with adequate coverages and limits that match your exposure in case your business is threatened. Other factors that impact the cost of contractors insurance are employees, coverage needs, vehicles, location and claims history.
Property damage insurance is a vital coverage that contractors should have to protect against potential damages to the property they are working on. Commercial general liability It covers medical expenses, lost wages, and rehabilitation costs, protecting both contractors and their workers.3.
Contractor's all risk (CAR) coverage provides protection for losses related to fire, flood, windstorm, earthquakes or construction faults occurring during a building project. Contractors hired as project leaders should strongly consider taking out CAR policies.
Policies typically feature deductibles ranging from $1,000 to $25,000. Your premium costs depend upon both the size and risk profile of your business, with smaller operations usually needing lower premiums due to lower risk exposure.
Although all-risk policies offer comprehensive protection, they don't always include everything. Most policies don't pay out for damages caused by termites, wear and tear, sewer backups, floods or earthquakes as well as paying to remove mold or repair your foundation.