Liability Insurance Coverage For Contractors

Contractor Liability Insurance Cost

Liability Insurance Coverage For Contractors

The Allen Thomas Group helps find insurance quotes for construction contractors, landscapers, cleaning services, professional service providers, and freelance professionals in many other industries. contractor insurance . Payment Bonds ensure you will pay all suppliers and subcontractors. Payment Bonds ensure you will pay all suppliers and subcontractors.

Should one occur, an independent contractor's commercial auto policy would cover legal bills, medical costs and property damage expenses in such an instance. Should one occur, an independent contractor's commercial auto policy would cover legal bills, medical costs and property damage expenses in such an instance.

Your clients or the general contract could have a blanket additional insured endorsement on their policy, which extends coverage to a type of worker or a group of people, without naming you specifically. Your clients or the general contract could have a blanket additional insured endorsement on their policy, which extends coverage to a type of worker or a group of people, without naming you specifically.

Construction claims are complex and potentially volatile. Construction claims are complex and potentially volatile.

Insurance For Construction Company

General Contractor Insurance

Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or a financial institution. Bid Bonds verify you can fulfill a project if awarded a contract based on your initial quote. A water pipe bursts overnight flooding materials. Required of those working near railroad tracks, right-of-ways or properties owned by railways.
 Required of those working near railroad tracks, right-of-ways or properties owned by railways.


Workers' compensation insurance helps cover medical expenses, lost wages, and rehabilitation costs. In today's fast-paced and litigious world, it's crucial for contractors to have the right coverage to safeguard against potential risks and liabilities. The Allen Thomas Group can help both individuals and businesses – ranging from small to multi-national companies – with their commercial surety needs. The Allen Thomas Group can help both individuals and businesses – ranging from small to multi-national companies – with their commercial surety needs.

For the self-employed and independent contractors, your personal auto insurance might not cover you when you drive your own vehicle for business use. We offer options that fit companies with 2 vehicles or 200.- Covers liability and property damage from accident claims - Provides collision, theft and natural disaster protection- Applies to all company-owned motorized equipment With decades of experience, The Allen Thomas Group Insurance Agency has developed specialized expertise when it comes to the contracting industry. Call (440) 826-3676 for a free contractor insurance quote today. Call (440) 826-3676 for a free contractor insurance quote today.

From property damage to accidents and injuries, contractor insurance provides essential protection and peace of mind. An expert agent can evaluate your unique risks and recommend optimal limits and additions like umbrella policies. Materials or tools from your truck damage a car while in transit. Materials or tools from your truck damage a car while in transit.

Contractors Professional Liability

Contractors Professional Liability

Being accused of negligence by an injured worker can also quickly generate a draining lawsuit. General liability insurance is particularly important as it provides coverage for third-party bodily injury and property damage claims that may arise during the course of a project. General liability insurance costs an average of $42 per month for The Allen Thomas Group customers. The Allen Thomas Group has the experience, carrier access and resources to tailor comprehensive coverage at competitive prices. The Allen Thomas Group has the experience, carrier access and resources to tailor comprehensive coverage at competitive prices.

High winds collapse scaffolding onto adjacent buildings. Individual tools and materials usually aren’t covered under this policy. Workers' compensation insurance provides benefits to employees who suffer work-related injuries or illnesses. Workers' compensation insurance provides benefits to employees who suffer work-related injuries or illnesses.

Independent contractors in these fields must also have this protection.
 Business investments - Your tools, equipment, offices and other business assets represent a significant investment. It's mandated in most states with rare exceptions. It's mandated in most states with rare exceptions.

Contractors should assess the provider's claims process and responsiveness, as well as their financial stability. Additionally, before bidding or taking on a job, you may be required to show proof of insurance. Timelines, change orders and contract administration add to your concerns. Timelines, change orders and contract administration add to your concerns.

Contractor Insurance Quotes

Errors and omissions insurance, also known as E&O or professional liability insurance, can offset the cost of a lawsuit if a dissatisfied client sues you over your work. Liability coverage helps shield your personal finances. Liability coverage helps shield your personal finances.

Learn six ways contractors can effectively manage their cost of risk to help improve their bottom line, their reputation and worker safety. Learn six ways contractors can effectively manage their cost of risk to help improve their bottom line, their reputation and worker safety.

That's why it's critical to protect your company's finances, assets and livelihood with proper insurance. That's why it's critical to protect your company's finances, assets and livelihood with proper insurance.

You've worked hard to build your company and reputation. You've worked hard to build your company and reputation.

Contractor Insurance Quotes
Business Insurance For Electrical Contractors

Business Insurance For Electrical Contractors

Don't leave anything to chance. One of the key components affecting contractors insurance costs is your specific trade's nature of work. One of the key components affecting contractors insurance costs is your specific trade's nature of work.

Certain The Allen Thomas Group companies may be paid as licensed agencies by insurers for providing services they enlist our assistance with. Certain The Allen Thomas Group companies may be paid as licensed agencies by insurers for providing services they enlist our assistance with.

An additional insured has less protection than the policyholder, but still gains crucial coverage, such as:Defense coverage. An additional insured has less protection than the policyholder, but still gains crucial coverage, such as:Defense coverage.

Roofers Insurance Limited
It protects your business and is often required by many employers before you can start working for them. The Allen Thomas Group agents will evaluate your unique risks and operations to determine appropriate coverage limits that fit your budget while still fully protecting your business. From employee injuries to damaged property, lawsuits and claims can easily arise, putting your hard work and livelihood at stake. In addition to commercial general liability insurance, independent contractors may need other types of small business insurance, including:Every state requires this coverage for vehicles that are registered to a business, or the ability to compensate someone in case of an auto accident. In addition to commercial general liability insurance, independent contractors may need other types of small business insurance, including:Every state requires this coverage for vehicles that are registered to a business, or the ability to compensate someone in case of an auto accident.

In most cases, independent and self-employed contractors aren’t required to carry workers’ compensation insurance. Your loss history - frequent past claims will drive up rates. Construction is an inherently risky industry. Construction is an inherently risky industry.

At Allen Thomas Group, our products and insights help general contractors to anticipate potential threats by planning for them, ultimately helping to reduce loss costs while keeping projects on schedule. It is important for contractors to carefully review and understand the policy limits of their liability insurance. Here's what to look for in a true insurance partner:Industry expertise - They should thoroughly understand the contractor insurance field including unique risks, coverages, regulations and carrier options. Here's what to look for in a true insurance partner:Industry expertise - They should thoroughly understand the contractor insurance field including unique risks, coverages, regulations and carrier options.

Contractor Insurance Quotes

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Contractors Equipment Insurance
Business owners can add an additional insured to their commercial general liability insurance policy. Your work is covered by a blanket additional insured endorsement on your clients or general contract's policy, providing coverage to a type of worker or group without specifically naming you or others as individual beneficiaries. The Allen Thomas Group does just that, providing in-depth, ongoing service and advice to keep our clients protected and empowered to grow. The Allen Thomas Group does just that, providing in-depth, ongoing service and advice to keep our clients protected and empowered to grow.

Contractors should work closely with their legal team to explore settlement options that align with their best interests.3. Insurance doesn't have to be complicated! Insurance doesn't have to be complicated!

This coverage protects you when a third party sues your business for bodily injury or property damage. When choosing an insurance provider, contractors should consider several factors. When choosing an insurance provider, contractors should consider several factors.

Skilled negotiation can help contractors reach favorable settlements, avoiding lengthy and costly court proceedings. The additional insured can receive coverage for lawyers’ fees, court costs, and settlements or judgments. The additional insured can receive coverage for lawyers’ fees, court costs, and settlements or judgments.

Contractors Equipment Insurance

Frequently Asked Questions

Professional liability insurance provides coverage for professionals and businesses to protect them against claims of negligence by clients or customers. Policies generally cover negligence, copyright infringement, personal injury claims and more.

Professional liability policies fall into two broad categories, claims-made and occurrence coverages. Claims-made policies cover any incidents in which a policy was in force at the time of an event and lawsuit, while an occurrence policy will cover any incidents while the policy was active that qualify for coverage under that particular policy.

For effective risk management of construction projects, it is necessary to understand all four types of risks inherent within it - these could include financial, contractual, operational and environmental threats that come from both internal and external sources.

Policies typically feature deductibles ranging from $1,000 to $25,000. Your premium costs depend upon both the size and risk profile of your business, with smaller operations usually needing lower premiums due to lower risk exposure.