Contractors and Construction
Trades people, contractors and construction companies provide safe and functional homes, commercial spaces and buildings. With such an important role to play, it’s no wonder that businesses in the construction industry are subject to high levels of risk.
Some of the risks for contractors and construction companies are obvious. Workplace injuries are common, and if the work you perform is not done correctly and causes harm or damage, you could be held responsible and therefore liable. Regardless of the size of your operation, no construction or contracting business is immune to the possibility of liability lawsuits.
Liability is not the only type of risk for concern. Your equipment may break down and cause you to miss a deadline, a supporting business you are reliant upon may have an interruption impacting your operation, or the jobsite could experience a theft. In these and many other cases, without proper insurance, you will sustain the financial loss.
Mitigating Risk for Contractors and Construction Companies
Risk may be common in the construction industry, but that doesn’t mean that you can’t take steps to protect yourself from its impact. Blair Insurance can build a comprehensive insurance package for your business that will shield you from the adverse consequences of losses or liability.
Some key types of coverage that most contractors and construction businesses will want to have include:
- Commercial General Liability
- Machinery and Equipment
- Property and Contents
- Tool Floater
- Installation Floater
- Equipment Breakdown
- Transit coverage
- Business Interruption
- Employers Liability
- Faulty Workmanship
- Water Damage
- Business Vehicle Auto Insurance
Depending on what sort of contracting work you do and how large your business is, we may also suggest some of the following extended coverage options:
- Wrap-Up Liability
- Business Income
- Contingent Business Interruption
- Professional Errors and Omissions
- Pollution liability
- Hoist Operators Liability
- Off-Premises Service Interruption
- Rental Reimbursement
- Replacement Cost for Tools and Equipment
Because insurance for contractors and construction companies needs to cover so many different contingencies, it can be hard to find the right coverage. This is why it is essential to discuss your needs with an experienced, knowledgeable broker.
Costs for coverage will vary depending on criteria such as:
- The scope of work you have
- Your ratio of residential work vs. commercial work
- What industry you work in
- How many employees you have
- How much of your work is subcontracted to other companies
- What tools, equipment, and stock you have
- Your gross annual sales
Affordable Insurance from Brokers You Can Trust
For over 40 years, Blair Insurance has been committed to helping our construction clients get the coverage they need at the best prices. We take the time to shop around and negotiate directly with insurance companies on your behalf. Our team can secure protection packages at attractive rates. Let us find a plan that ensures you are protected.
Contractors and construction companies face very real physical and financial risks every day at every job site. Add to these the threat of damages and liability, and the need for expert insurance advice is clear. Blair insurance is here to show you a better way to protect your business. Get in touch with us and let us guide you toward exceptional insurance protection today.