Workers' Comp ensures you have expert legal representation if such claims arise. The Allen Thomas Group Contractor Insurance . Furthermore, bidding or taking on new jobs often requires proof of insurance as part of their requirements.
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.
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. Fidelity bond 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.
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.
Independent contractors can be sued and held liable for damages, just like other small business owners. Umbrella insurance 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.
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.
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. Property damage
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.
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.