Other factors affecting contractors insurance costs are employees, coverage needs, vehicles, location and claims history. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts. The Allen Thomas Group Contractor Insurance . The additional insured can receive coverage for lawyers’ fees, court costs, and settlements or judgments. Stay protected with contractor insurance from The Allen Thomas Group Commercial. Coverage Options AvailableContractors have various coverage options available to protect themselves against accidents and injuries.
The foundation of a contractor's insurance program is General Liability Insurance. Liability insurance provides contractors with financial protection against claims arising from bodily injury or property damage during their work. Don't leave anything to chance. We understand the daily risks you navigate and offer tailored coverage.
Without it, they could be held liable if something were to go wrong during work related activities and lead to claims being brought against them for potential wrongdoings or accidents caused by you and/or your work. Workers' compensation - Pays for medical treatment and lost wages for employees injured on the job. State regulations often mandate independent contractors in certain industries, like construction, to carry general liability coverage. An employee is injured while on the job.
Contractors need to purchase vicarious liability coverage to protect them against vicarious liability resulting from ongoing operations performed or managed negligently by the designated "contractor". Being an additional insured means you are covered by their insurance for the duration of the job or longer. Property insurance
When facing legal challenges, contractors must be well-versed in navigating the complexities of the legal system while protecting their interests.
We offer insurance through phone, online and independent agent channels; costs vary based on how you buy.
Individual tools and materials usually aren’t covered under this policy.
Having the right property damage insurance coverage is essential for contractors to protect themselves and their clients from potential liabilities. Independent contractors typically have insurance obligations in their work contracts that they have to fulfill.
It provides financial protection by covering legal fees, medical expenses, and damages. Being held liable for repairs or replacement on a large-scale project could be financially devastating without Builders Risk Insurance. Essential if a fire or storm damages your office. At The Allen Thomas Group, our trusted advisors will analyze your business risks and recommend comprehensive policies to protect you. Typical limit is $1 million.
That's why The Allen Thomas Group has a specialized construction claim service operation to focus on these unique claims. It protects you in the event of lawsuits, employee injuries, damage to 3rd party property, etc. All content and materials are for general informational purposes only. It protects your business and is often required by many employers before you can start working for them.
Commercial auto policies provide coverage for vehicles used to transport work-related materials or tools for contractors. Additional insured Protect against lawsuits and other liabilities with contractors insurance from The Allen Thomas Group. Property insurance protects your assets in a loss. Artisan and service contractors insurance through The Allen Thomas Group protects against:This is only a general description of coverages of the available types of business insurance and is not a statement of contract.
It could cover you if your business is liable for things like injuring people, damaging property or faulty work. You've worked hard to build your company and reputation.
A Business Owner Policy (BOP) combines contractors liability coverage, personal property coverage and building coverage into one comprehensive policy. As self-employed or independent contractors, self-use of personal vehicles for business use may void their personal auto policy. Without proper liability insurance coverage, contractors risk facing significant financial losses and potential lawsuits, which can have a devastating impact on their businesses and personal finances. Business income - Covers income lost due to suspended operations from a covered loss. Our team of experts can work with your budget to help you secure customized commercial auto and business insurance policies.
An additional insured may be covered when sued over bodily injury, property damage, and advertising injury. The information provided on this website does not constitute insurance advice.
As you go about your day-to-day work as an electrician, lawn care provider or carpenter - let us work behind the scenes to protect your small business with Artisan & Service Contractor Insurance from The Allen Thomas Group.
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.
Any business offering their expertise should seriously consider getting professional liability coverage, commonly known as errors and omissions (E&O) insurance, to safeguard both their company and bottom line from customer claims of late completion, incompleteness or substandard work that could potentially lead to costly lawsuits.
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.