When it comes to insurance for contactors, you want your coverage to be in scope. With a PolicySweet® Business Owners Policy, we’ll make sure your coverage is constructed to fit your business needs. From General Liability to Workers’ Compensation, each policy is custom built to help protect your business against risks it could face.
How Do I Get Business Insurance?
Getting business insurance that matches your needs is easy. Find coverage by following these three simple steps:
Tell us about your business needs by answering a few questions.
Receive a free quote customized to your business.
Accept your policy!
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Common Types of Coverage for Contractors:
Insurance can help you land a project whether you are working by yourself or have a crew. Some clients may also prefer to only work with businesses that are insured. Depending on where your business is located, it may also be a state requirement. At PolicySweet we offer several types of coverage for contractors, including:
BOP
Most contractors obtain a Business Owners Policy (BOP). The reason is because it can help save time and money from purchasing multiple coverages for a business. A BOP combines general liability coverage, business property, and cyber insurance into one convenient package.
Commercial Liability Insurance
Commercial liability insurance is commonly purchased by contractors as it can cover a wide range of accidents and basic risks. It can come into play if someone other than an employee is injured or third-party property is damaged. Your business could be held liable for legal fees, medical costs, or expenses to repair or replace client property. This coverage could also help to cover claims related to copyright infringement, reputational harm, and advertising injury.
Business Property Insurance
Most contractors have expensive gear and equipment that they rely on to conduct business. If your business owns equipment that is damaged, you could be reimbursed for repair or replacement expenses for a covered loss.
Cyber Insurance
Cyber insurance can help protect your business if a data breach occurs. It can pay for client notification costs, legal fees, and other expenses related to the event.
Workers’ Comp
For business owners who hire employees, Workers’ Comp can provide benefits to employees who experience a work-related injury or illness. In exchange for these benefits, an employee relinquishes their right to a sue the employer unless the business intentionally contributed to the illness or injury. Medical expenses, wage replacement, and recovery costs could be covered for employees harmed while performing work duties.
HomeHQ
Designed to help protect home-based businesses, HomeHQSM combines liability, property, and stock insurance.
Who Needs Contractor Insurance?
Insurance is important if you want to protect yourself and your business against liabilities. Some contractors that obtain business insurance are:
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