Your business is unique. Cover Corps provides customized coverages in the Contractors Industry.
Typical coverages for the Contractors Industry:
- Umbrella Insurance: Because insurance companies impose caps on the amount of liability insurance they are willing to provide, umbrella insurance may be necessary if you feel that you need extra liability coverage in order to adequately protect your business. Umbrella insurance takes over where your other liability coverage leaves off.
- General Liability Insurance: This coverage is a standard part of any business insurance policy. It covers injuries and property damage sustained by third-parties while visiting your business. It also includes product liability insurance, which protects you if someone is harmed by your product.
- Commercial Auto Insurance: Business auto insurance covers your company’s vehicles and drivers that are damaged or injured in a collision or some other type of event. If you or your employees drive personal vehicles for business purposes, you must have nonowned or hired auto liability coverage to protect your company in cases where an employee is an accident while out making deliveries.
- Contractors Equipment Insurance: Is a broad-ranging policy designed to cover damaged or missing contracting equipment. A contractors insurance policy can extend beyond simply covering equipment; it can also cover small tools, employees’ equipment and clothing, and borrowed equipment.
- Workers' Compensation Insurance: You are required to cover the cost of treatment of injuries sustained by employees while on the job. Workers' compensation insurance, which is required in most states, provides compensation in these cases.
- Inland Marine: This protection covers inventory and products while in transit from one location to another.
- Commercial Property Insurance: This is standard coverage in any business insurance policy. It includes coverage for damages to the structure of your owned building and coverage for your other business assets such as inventory, computers, and furnishings.
Cover Corps also provides specialty coverages for the Contractors Industry that cover your unique business risks like:
Cyber Liability Insurance: Protects your business against paying out of pocket for costs related to data breaches or other cyberattacks.
Bailee Insurance: If your business holds your customers property as part of operations, you are responsible if your customers’ property is damaged while in your possession. Bailee insurance covers third-party property when it is in your care, custody or control.
Completed Operations Insurance: This can protect you should a client be unhappy with the final product.
Contractors Equipment Insurance: Is a broad-ranging policy designed to cover damaged or missing contracting equipment. A contractors insurance policy can extend beyond simply covering equipment; it can also cover small tools, employees’ equipment and clothing, and borrowed equipment.
Employment Practices Liability Insurance (EPLI): This insurance covers your business if it is sued for an illegal business practice, such as discrimination, harassment, wrongful termination or breach of contract.