Contractors Insurance in Hoschton, GA
Contractors take on projects that involve skill, precision and risk. Having appropriate insurance is crucial to keeping your operations running smoothly and avoiding financial setbacks.
Who Needs Contractors Insurance?
Contractors across many industries, including those managing construction or renovation projects, may benefit from contractors insurance. Independent contractors, subcontractors and small business owners in the trades are prime candidates for coverage. Businesses that commonly purchase this policy include the following:
- General contractors
- Electricians
- Plumbers
- Carpenters
- Landscapers
- Painters
- HVAC contractors
What Does Contractors Insurance Cover?
Contractors insurance may provide coverage across several areas. It may cover unexpected events impacting your project timelines, client relationships or bottom line. Standard policies typically include the following:
- General liability insurance may cover claims of property damage or bodily injury caused to third parties during business operations.
- Workers’ compensation insurance may provide medical wage benefits for employees who fall sick or get injured on the job.
- Commercial auto insurance may cover vehicles used for work, such as pickups and box trucks.
- Tools and equipment insurance may help replace stolen, damaged or lost tools and machinery.
- Professional liability insurance may pay for legal expenses, court judgments and settlements if a client sues you.
- Builder’s risk insurance may cover buildings and materials during construction against damage from fire, theft or severe weather events.
Contractors insurance has limits and may not cover every type of risk. The following are common exclusions:
- Flood damage
- Earthquake damage
- Nuclear incidents
- Acts of war
- Infectious diseases
- Government seizures
- Intentional or fraudulent acts
Get Your Customized Policy
Financially secure your contracting business with the right insurance. Contact The Mile One Agency today to discuss how we can help you get appropriate coverage at favorable rates.