Work-related accidents happen and your business is not protected against the financial problems which can occur after. Luckily, our Contractors Insurance coverage is more than adequate protecting your livelihood in case your business is under a threat.
With the contractors insurance from Argo, you gain the benefits of some of the most essential coverages – general liability, property and contractor’s equipment insurance.
Who is it suitable for?
Employers require commercial insurance, before they start doing business with you but it is best to protect your business against mishaps with the contractors insurance. Even if you are not contractually required to carry insurance.
So, contractors insurance is suitable for many contractors, subcontractors and independent tradesman, including:
- Construction workers
- Carpenters
- Plumbers
- Electricians
- Painters
- Handymen
- Masons
- many more
Contractors Insurance Coverages
Standart coverages
- General liability – get coverage if your business is liable for things like injuries, property damage, faulty work etc. Usually, this is the general contractor insurance coverage a contractor needs before beginning to work on a job;
- Protection auto – protects the vehicles you use for work, tools and materials transportation. As an option, you can include coverage for attached equipment – ladder racks and tool boxes for instance. Usually, doesn’t cover individual tools and materials.
Other coverages
- Contractors equipment – covers your tools and equipment against risks, such as theft, fire etc;
- Installation – covers your uninstalled materials against theft from the job site.
How much does contractors insurance cost?
The contractors insurance cost is based on many factors and most of them depend on your trade and the type of work that is involved in it – an electrician or a construction worker is exposed to greater risks of injury compared to a carpenter, for instance. Therefore, the insurance rates will differ between these two workers.
Other factors include number of employees, vehicles, job location and claims history, for instance.
Give us a call and our insurance advisers will help you get the coverages you need to protect your business and livelihood.
All content is for general information purposes and does not constitute insurance or legal advice.
