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.
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. Property damage
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.
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.
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.
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.
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. Liability coverage helps shield your personal finances. Risk management
High winds collapse scaffolding onto adjacent buildings. Workers' Compensation Insurance: This coverage is essential for contractors who have employees.
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. Our Risk Control, Underwriting and Claim professionals, dedicated to your industry, are skilled in helping you better manage complex indemnity, additional insured and contractual exposures. General liability insurance provides coverage against both of these issues.
This involves having a qualified legal team that specializes in construction law and can effectively represent the contractor's interests in court or during settlement negotiations.2.
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.
For effective risk management of construction projects, it is necessary to understand all four types of risks inherent within it - these could include financial, contractual, operational and environmental threats that come from both internal and external sources.
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.