Home / Contractors Insurance

Contractors Insurance

contractor insurance img

Customized Insurance for Contractors Like You

Whether you’re a general contractor or subcontractor, your business is growing fast – and you need contractors insurance that can keep up! Each job you win brings in extra money, but also extra risk. An accident could cause injuries or damage to your property, leading to financial loss that can potentially overwhelm your business with financial liabilities.

Who needs contractors insurance?

Any contractor working in construction should consider getting insurance. At Humble & Davenport Insurance, we offer a wide variety of insurance coverages for contractors, including:

  • Builder
  • Carpenter
  • Electrician
  • Flooring contractor
  • Handyman
  • Home improvement renovator
  • HVAC contractor
  • Plumber
  • Sheet metal worker

Don’t see your business here? Don’t worry – We work with each client to find the right coverage for their needs. Contact us today to enquire about contractors insurance for your specific trade.

What does contractors insurance cover?

The great thing about business insurance for contractors is that it can be tailored to cover your unique needs. Whether you just need general liability insurance or want coverage for all of your tools, too, we have the policies you need to protect your business.

General Liability

Accidents happen. When they do, it’s important that the project and your pocket aren’t vulnerable. General liability insurance for contractors can cover:

  • Bodily injury
  • Third-party property damage
  • Personal and advertising injury
  • Third-party medical expenses
  • And more!
Contents Coverage

This type of policy can come in handy for contractors as it can cover your tools and equipment up to a certain amount. If you store your tools at home, you will still need this policy as your homeowners insurance will not cover commercial equipment if it is stolen or damaged in a peril.

Commercial Auto Insurance

Commercial auto insurance is designed for contractors who use vehicles on the job. It typically covers accidental damage or physical injuries that occurred while your vehicle was being used for work purposes. If you have a work truck or van, this insurance is essential as your personal auto insurance will not cover your vehicle if it is used for business purposes.

Builder’s Risk Coverage

This is a type of property insurance designed to indemnify the project owner and contractors for their labor, equipment, and building materials during the course of the construction project. As the construction project develops, more materials accumulate, and more effort goes into the work. Unfortunately, risks are always present, and if something were to damage or interrupt a large project, the losses could total in the millions. That’s why builder’s risk insurance is so important as it covers some common perils such as fire or theft.

Bonds

A contractor surety bond helps to assure your funds while making your customers feel secure. It is an agreement between three parties –  you, your customer, and the guarantor. A bond provides a guarantee to both yourself and the customer that the work will be completed for a set price. There are different types of bonds, so be sure to work with a professional to secure the right one for your needs.

Unparalleled industry expertise, professional guidance, and innovative approaches to managing your contractor risk mean that our team at Humble & Davenport Insurance stay one step ahead. With us, you are in control of what type of coverage you want and need, and when. Get in touch with our team today to find your tailored solution.