An accident at a construction site could spell disaster for your small business. Business insurance for contractors helps cover expenses related to worksite injuries, stolen equipment, and other risks you face every day.
These insurance policies cover the most common general contractor risks.
This policy covers basic risks, such as a client who trips over your toolbox and suffers an injury. Bundle with commercial property insurance for savings in a business owner’s policy.
Most states require workers’ comp for general contracting businesses that have employees. It also protects sole proprietors from work injury costs that health insurance might deny.
This policy covers the cost of injuries and property damage in accidents involving a general contractor’s vehicle. It can also pay for repairs to vehicles damaged by weather or vandalism.
This policy helps pay for repair or replacement of an independent contractor’s saws, nail guns, hammers, and other tools if they are lost, stolen, or damaged.
This policy is also called errors and omissions (E&O). It covers legal fees when a general contractor is sued over a mistake, such as using the wrong materials.
A surety bond is an agreement between a general contractor, a client, and an insurance company. It guarantees the insurer will reimburse the client if the general contractor fails to fulfill the terms of their contract.
It’s easy to get insurance coverage as a general contractor if you have your business information on hand. Our insurance application will ask for basic facts about your business, such as revenue and number of employees. You can buy policies online and get a certificate of insurance with Insureon in three easy steps:
Insureon's licensed agents work with top-rated U.S. insurers to find coverage that fits your general contracting business, whether you work independently or hire employees.