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. The Allen Thomas Group Contractor Insurance . 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.
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. Named perils
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. It covers medical expenses, lost wages, and rehabilitation costs, protecting both contractors and their workers.3.
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. This can include legal expenses, settlement costs, and damages awarded to the injured party. We'll help you analyze risks, close gaps, and choose cost-effective policies so you can keep focused on what matters most – excelling at the work you love.
When choosing an insurance provider, contractors should consider several factors.
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.
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.
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.
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.
Having property damage insurance ensures that you are protected financially in case any damages occur during the course of your work. Surety bonds - Types like license & permit bonds guarantee you'll comply with laws and complete projects per contract terms. Aggregate limit
Learn more about what general liability insurance covers. They often include general liability insurance, which covers your business if you’re liable for injuring people, damaging property or other situations.
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. Contractual liability
Professional liability policies fall into two broad categories, claims-made and occurrence coverages. Claims-made policies cover any incidents in which a policy was in force at the time of an event and lawsuit, while an occurrence policy will cover any incidents while the policy was active that qualify for coverage under that particular policy.
"All risk" refers to an umbrella form of coverage which automatically protects any risk that the contract does not specifically exclude; for instance, homeowner policies with all-risk policies typically provide flood damage coverage as part of their all risk package.
A policy simply sets forth terms and conditions without attaching them to specific persons, items, or interests; by contrast, contracts establish contractual obligations between two or more parties governed by contract law.
Draft an explicit scope and contract agreement with clients; this will establish open lines of communication. Secure general/professional liability coverage from The Allen Thomas Group as soon as you start operating a business.
Professional liability insurance protects businesses when employees make mistakes in providing professional services to customers or clients, also known as errors and omissions insurance (E&O). Even though you're an expert at what you do, mistakes still happen!
Liability insurance provides coverage against damage claims caused by contractors when performing work on your property and injury claims that may arise should someone get injured while performing duty. It also covers court judgments or medical or funeral expenses should someone become seriously ill while on duty.