As a contractor, each job you win brings in extra money but it also brings extra risk. An accident could cause injuries or damage to property leading to a financial loss that can potentially overwhelm your business with financial liabilities.
And the same contractors insurance you used to protect you for a one-man project may not protect you during a multi-year commercial deal.
Protection for every budget or job
Because every business is different, commercial insurance solutions for contractors can range from a basic policy to a thorough mix of coverages that vary job to job.
Also, the type of contracting business you own, size, number of employees, and type of work all have an impact on the types of protection you may need. It is always important to let your insurance provider know as your business changes.
Foy Insurance understands the fact that you need to stay focused on the work, not the risks you face every day. So we work with a variety of carriers of commercial insurance solutions that can help you meet the needs of your business.
Who Needs Construction Insurance?
Any person or business working in construction trades: building construction, heavy construction or home improvement. We offer coverage for every trade, including:
- Contractors Insurance
- Carpenter Insurance
- Plumber Insurance
- Handyman Insurance
- Electrician Insurance
- Masonry Insurance
- Security Company Insurance
- Home Builder Insurance
- Developer Insurance
- Renovation Insurance
- Welding Insurance
- Artisan Insurance
- And more…
Insurance keeps working, even after the job is done
Even when the job is finished, there is plenty more work to be done. You may have connected the final fixtures, flipped the switch, and handed over the keys, but the potential liability from your work goes on.
Products and completed operations coverage keeps protecting you from any accidents or faults that may allegedly result from work you’ve overseen or performed. In the trades, you need a solid contractor insurance policy that keeps working to protect you long after you have moved to the next job site.
What does contractors insurance cover?
The list of coverage areas that need to be addressed in your contractors insurance program include:
- Property in transit covering equipment, and losses to goods stored (on or off your premises), or being transported to or from your premises.
- Workers Compensation can replace lost wages, pay medical treatment, as well as protecting your business assets should an employee suffer injury
- Trucks and other commercial vehicles to pay for any claims resulting from an employee’s accident while driving a company vehicle, or their own vehicle while on company time.
- Errors and omissions covering any claims for negligence or other mistakes resulting in a loss to the customer during business activities
- And many more …
If your contractors insurance misses any one aspect of this protection, your job and your company could be at serious risk.
What about the cost?
Fact is, you can’t afford not to have coverage. Understandably, price is always a concern for contractors. But with a contractors insurance policy from Foy Insurance, you are in control of what types and amounts of coverage you want to pay for, and when. So it can be surprisingly affordable.
Talking to a local resource you can trust is the first priority.
The Foy Insurance Difference
You may think you want the cheapest insurance you can find, but realize you may not be getting everything you bargained for…
While most insurance products are similar in price and function, insurance providers are very different when it comes to structuring a policy that actually covers you.
There’s no such thing as a one-size-fits-all insurance policy when it comes to your business.
We’re your neighbors. We protect businesses and people we know and care about, and that means we look for ways to protect you better, including choosing the insurance companies we represent to be both affordable and responsive.
Click on the quote request button now and let the professionals at Foy Insurance help you protect the things you are working hard to build.