As a contractor, you face a myriad of unique demands every day. Others often look to you to call the shots throughout a project—whether you are renovating a home basement or balancing on a rooftop. The risks and requirements of one job usually vary greatly from the next one, which can make the search for your contractor business insurance needs quite complicated.
Yet it doesn’t have to be! We are more than happy to provide a custom policy built around the size and specializations within your business. Coverage for risks unique to a specific skill set or service can be handled, however every contractor needs to understand and be knowledgeable about their liability coverage.
Whether your project is home renovation or building demolition, you face a variety of loss exposures that are important to think through as you find the right coverage for your needs. A Business Owner’s Policy does not always provide adequate liability coverage for your daily needs.
General Liability in Massachusetts can provide protection against third party lawsuits, presented in slip and fall cases, product liability losses and personal injury. General liability insurance can protect your business from a variety of risks, which can be customized depending on what are most relevant to your normal work practices.
Depending on the type of projects that you typically take on, it may be worth seeking out the advice of a specialized risk professional who understands your industry and the risks and liabilities you encounter on a daily basis. Aside from general liability coverage, there are a few other insurance coverage options that you may want to consider:
- Tools & Equipment coverage for larger more expensive items
- Workers Compensation for employees and potentially subcontractors who do not have their own workers compensation coverage.
- Business Auto Insurance for company-owned vehicles
- Builders Risk/Course of Construction coverage can offer coverage for physical damage to property under construction, usually required for approval from a lender.
- Umbrella Insurance
- Specialized Liability