The work of contractors in the construction industry is among the most diverse out there. Along with such diversity come a considerable amount of risk. Some construction workers and contractors have storefronts that allow customers to visit where they could potentially be injured on the premises. Others install cabinets, appliances, drywall and more in the homes of their customers, which means they could potentially be held liable for such products if they result inadvertently to harm.
It does not matter if the philosophy of your business is that large jobs are your specialty or no job is too small, with each contract that you win comes a new set of risks. From on-the-job injuries and lawsuits regarding the quality of the work you do to property damage and accidental bodily injury, the list of risks that you face with every job is extensive.
In order to address all of the risks that are associated with contractors and construction, Risman Insurance Agency provides contractors insurance coverage that is specifically designed for sole proprietors and small contracting companies who offer a wide selection of contract and construction services to their clientele.
We have the expertise and knowledge to effectively protect your construction contracting business against risks, damages and related legal cases. We are able to offer you the most competitive rates that you find in the industry. Risman Insurance Agency has a wide variety of construction insurance policies that make it possible for us to provide you with coverage that rises above the standards of the industry at the most affordable rates.
General Liability for Construction Contractors
When you include general liability in your contractors insurance policy, you will be protected against claims made by a third party associated with personal and property damages. This policy options will protect you and your contracting business for the financial loss that can come from allegations against you for property destruction or personal harm. If such claims happen to lead to legal action, you will be covered for the costs through your general liability policy, including any settlements that are mandated by the court.
For instance, if a heavy tool is dropped accidentally and causes damage to one of your customers newly installed flooring, you will be compensated for the cost to settle the damages. If you do not carry proper contractor insurance coverage, the cost to rectify such issues may prevent you from continuing with your business operations.
Property Insurance for Contracting Professionals
In the business of construction contracting, it is vital to have strong property insurance included in your contractors insurance policy. This type of coverage is necessary to protect you against the physical loss or damage of your property as well as the property of others. Among the most common property claims in the construction industry are theft of equipment, tools and valuable materials, in addition to fires breaking out in the areas where such materials are stored. Risman Insurance Agency has a number of coverage options and endorsements that can be customized to meet the specific needs of your business and the risks to which you are exposed.
A large number of construction contractors choose to invest in property insurance that covers their material inventory, business space and other assets. Since so much of a contracting professional’s work is done outside of their office space, several contractors have chosen property insurance policies that also cover their business property while it is in transit to and from various job sites. In addition, you also have the option of including property insurance that will cover the property of others while it is in your care.
Special contractors insurance may also be available to protect the tools and equipment that you use to do business as well as portable computing equipment and the personal tools that your employees use on the job. In addition, you may also be able to obtain coverage for theft of business property committed by your employees. Also, ask your Risman Insurance Agency representative about the possibility of including business interruption coverage in your contractor insurance policy.
As you are shopping around for construction insurance for your contracting business, you will find that there is quite a large number of options available. When the many different coverage amounts, policy options, deductibles and premium rates, the process can become quite a bit overwhelming. However, Risman Insurance Agency is here to take all of the guesswork out of securing the ideal insurance policy for your business.
All you have to do to be on your way to quality protection is click on the quote request button now. You will be able to rest easy knowing that the small price you pay for your insurance premium could be the thing that saves you from paying big bucks in the future and the possibility of losing everything that you have worked so hard to build.