Construct coverage for your business needs with contractor insurance.
Contractors in Fremont, NE know that winning bids is essential to being a successful builder. But, just as important is protecting yourself from unnecessary risk.
A job site accident could lead to a major financial loss for an uninsured contractor.
Protection for every budget or job
Because every business is different, our commercial insurance solutions for contractors, electricians, plumbers and handymen in Fremont, NE can range from a basic policy to a thorough mix of coverages.
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.
We understand you need to stay focused on work, and not the risks you face every day. Thats why we work with multiple carriers to find plumbers, electricians, handymen, and contractors in Fremont, NEthe best coverage at the most affordable price.
As a contractor, your business may be susceptible to many risks, such as claims due to bodily injury, property damage, personal injury, and more. And, if you hire other contractors to perform work on your behalf, you can be held responsible for any damage they cause on the job.
Commercial general liability insurance is an absolute necessity for every contractor. This type of protection provides broad coverage for premises, operations, products, and claims to third parties or property when you are deemed responsible and liable. It will also pay to defend any covered lawsuit or action regardless of its merit.
When a fire, theft, or another type of disaster strikes, your commercial property and everything within it can suffer a significant loss. This can have a detrimental effect on your business.
Commercial property insurance can help protect the property your business owns and leases, including things like equipment, inventory, furniture, and fixtures. Whether you own your building or lease your workspace, commercial property insurance can be purchased separately or can be combined with other necessary coverage to protect your business’ physical assets.
You’re constantly moving your tools from one job site to another, exposing your contractor business to potential loss due to damage or theft. And without your specialized tools and equipment, your job site may come to a screeching halt.
As a contractor, you need contractors' equipment insurance - a policy specially designed to protect your tools and equipment on the move. The policy will cover equipment for a variety of losses, including fire, explosion, vandalism, theft, collision with other equipment or objects and overturning. Unlike standard commercial property insurance policies, contractors' equipment insurance often covers losses caused by floods and earthquakes.
A building under construction is not covered under a standard building insurance policy or a home insurance policy since it is not a complete structure. As a contractor, you may be responsible for unique loss exposures related to buildings under construction such as the theft of building materials and high valued equipment such as generators and compressors.
Builders risk and installation insurance provides coverage for homes or buildings while undergoing construction, until they are completed. The policy covers the contractors’ interest in materials at the job site before they are installed, construction materials in transit designated for the contractors' equipment insurance–a policy specially and the value of the property being constructed until it is completed.
If one of your employees receives an injury or becomes ill due to a work-related occurrence, you are required by law to have the proper coverage in place.
Workers' compensation protects your employees should a job-related injury or sickness occur during the course of employment. This coverage is required by law and may vary by area, so be sure that you understand your obligations for all physical locations where your business operates in and all physical locations where you hire your employees.
As a contractor, you have many exposures associated with your business vehicles–owned or leased. With a fleet of cars, trucks, vans, or other types of vehicles used in the course of business, a single accident can potentially put your contractor business in financial jeopardy.
Business auto insurance provides coverage for vehicles owned or leased by a contractor and provides coverage for bodily injury, property damage, and other exposures, and could include comprehensive and collision coverage as well.
If you are performing as a contractor on a construction project where other contractors and vendors are involved, you could be held liable for any damages or injuries caused by the other contractors or vendors, leaving you with costly legal fees and settlement costs. Your business needs to be protected against the risk of some other company, vendor or subcontractor causing damage to people or property of your mutual customer.
Consider having a contract in place with each entity that includes a hold harmless agreement in your favor. A hold harmless agreement provides that the entity will hold you harmless for any injuries or damage caused by their negligence. In addition, the contract should require that the entity list you as an additional insured on their policy. This may provide you with coverage under their policy for injuries or damage they cause if you are named in a lawsuit.
Losses and lawsuits are quite common in the construction business, and settlements can be substantial. If your business is found to be responsible for damage or injury on the job site, you could be facing a large liability loss that exceeds the basic limits of your standard policy.
You should consider purchasing a commercial umbrella insurance policy which provides higher limits, typically between $2,000,000 and $10,000,000, and often broadened coverages. Coverage is extended over various policies, including general liability insurance, business auto, and directors and officers liability insurance.
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.
Eric Luebbe serves the Fremont, NE community with contractor insurance plans that can keep you protected fromany 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 include:
- Property in transit
- Workers Compensation
- Trucks and other commercial vehicles
- Errors and omissions
If your contractors insurance misses any of this protection, your job and your company could be at serious risk.
Do you need construction insurance?
Any person or business working in construction trades: building construction, heavy construction, or home improvement. We offer coverage for every trade in the Fremont, NE , including:
- Electrician Insurance
- Plumber Insurance
- Handyman Insurance
- Contractors Insurance
- Carpenter Insurance
- Masonry Insurance
- Security Company Insurance
- Home Builder Insurance
- Developer Insurance
- Renovation Insurance
- Welding Insurance
- Artisan Insurance
What about the cost?
Understandably, price is always a concern for contractors. But, with a custom contractors insurance policy, you control what coverage you want to pay for, making it surprisingly affordable.
Why we’re different
You may think you want the cheapest insurance you can find, but cheap isn’t everything.
While most insurance products are similar in price and function, insurance providers vary 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.
Contact us today, and we’ll help you protect what matters most.
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