Contracting businesses are exposed to a variety of risks by the work they do. Equipment malfunctions can interrupt operations, items can be stolen from job sites, and employees can be injured on the job. These are just a few of the risks that contractors may face. Contractors insurance policies help Massachusetts contractors protect themselves from many of the risks they’re exposed to.
Contractors insurance policies are a specialized type of commercial insurance policy that’s specifically made for contracting businesses. Most policies are package policies that include contractors liability insurance and many other coverages.
Contractor insurance not only protects your business in case of a work-related accident, but it’s often a requirement by many employers before you can start working for them.
In coordination with trusted providers, we’re able to offer a full range of contractor insurance products to protect your business from lawsuits and other liabilities.
Contractors insurance is commonly required if you are in any of the following trades:
This list represents many of the fields in which you may be required to carry contractor coverage. If you are in any of these fields, please contact us today to start a discussion about your needs. If you have more questions about contractors' insurance, continue reading below.
Protection for vehicles used for work or to transport tools and other contractor materials. You have the choice to cover attached equipment such as ladder racks and permanently attached toolboxes.
Typically needed before a contractor can begin work on a job. It could cover you if your business is liable for things like injuring people, damaging property, or for faulty work.
In addition to contractors' liability insurance, policies usually offer a variety of other coverages. Some other coverages that might be included in a policy are:
Contractors Equipment Coverage, which may help protect the equipment a contracting business owns
Equipment Leased or Rented from Others Coverage, which may help protect any equipment that a contracting business leases or rents
Commercial Auto Coverage, which may help protect any vehicles a contracting business owns
Inland Marine Coverage, which may help protect equipment and supplies while they’re being transported to or from a job site
Other Contractor Insurance Coverages You Might Need
Packages contractor's liability and coverage for personal property and commercial buildings into one policy.
Covers employee medical costs and a portion of lost wages if they become ill or injured while at work.
Whether you need commercial vehicle insurance or a combination of coverages, our team of in-house specialists can help you find the contractor insurance you’re looking for.
Insurance companies usually send contracting businesses a certificate of insurance when they purchase a policy. In most cases, making copies from this original will satisfy any clients who want to see a certificate.
If a contracting business has lost the original or indeed does need another original, another certificate can be requested by contacting the business’s insurance agent. An agent can relay the request, and most insurance companies will provide additional certificates at no cost.
Many factors influence how much contractors' policies cost. Some of the factors insurance companies consider when calculating premiums include:
The size of a contracting business
The type of work a contracting business does
The equipment a contracting business owns
The address where a contracting business is headquartered
The area a contracting business serves
The coverages and limits a contracting business selects