What is contractors insurance?
Contractors have unique insurance requirements. Many contractors qualify for a package type policy for there contractors insurance which means in addition to unique and specialized coverage, a contractor will receive extra coverage’s that fill in the gaps. Package coverage generally includes commercial general liability, property coverage such as offices or shops, equipment greater than $5000 which is specifically listed on your policy with the declared value and serial number, and tools of any one item less than $5000. Your tool value must reflect the maximum value of tools that may be off-site not just at your shop.ur clients both secure and enhance their bond support.
Who is Contractors Insurance For?
This is insurance that is designed for small unique business operations. They are often people offering some sort of skilled trade as a service like an electrician for example. Also people who may be offering some sort of construction service such as a roofer. Here is a list of some of examples:
- Sheet Metal
- And Much More…
How Much Does Contractors Insurance Usually Cost
It all depends on the operations of your business, equipment being used, amount of workers, and many other factors that can impact the cost. If you would like to know more contact a broker today at 1-833-277-9438 or get a quote online here!
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Other Industries That Require This Coverage: