Independent contractors can be sued and held liable for damages, just like other small business owners. Learn more about what this coverage entails here.
Your clients can add you to their general liability policy as an additional insured. Whether it's a slip and fall accident at a construction site or damage caused by faulty workmanship, the potential for liability claims is ever-present. But regardless, it’s a good idea to have coverage in case of accidents or theft of tools and equipment. It protects contractors from legal and financial liabilities arising from accidents or injuries that occur on the job site.2.
Contractors face numerous unique and often dangerous risks on a daily basis in their work as independent contractors.
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. Contractor insurance is crucial for protecting both contractors and their clients from financial risks and liabilities associated with accidents or property damage. Terrorism insurance
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.
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. 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.
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.
Our veteran agents take time to explain how policies apply to your real-world scenarios.
Like any other small business owner, an independent contractor can be sued and held liable for damages.
For example, the photographer could be accused of copyright infringement, while the remodeler faces the risk of potential injury to the homeowner.
That means the general contractor must establish his or her own risk mitigation process that works closely with the construction project manager, conducting risk identification and analysis throughout the duration of the project, while creating a comprehensive risk management plan.
General, professional and employer liabilities are the three major forms of liability protection available today.
Task and Schedule Tracking Doing this not only aids construction risk management but also allows teams to make better decisions regarding how best to complete certain parts of a project, especially when they fall behind schedule. What's more is these tools help increase accountability.
Professional liability insurance provides coverage for professionals and businesses to protect them against claims of negligence by clients or customers. Policies generally cover negligence, copyright infringement, personal injury claims and more.
To determine how much professional liability coverage you require based on your industry, company size and risk profile it's wise to consult an independent insurance agent who can assist in selecting an adequate amount; limits typically range between $250,000-2 million for professional liability policies.