Contractors Insurance in Boynton Beach and Stuart, Florida
Contractors face unique risks and challenges due to the nature of their work. Whether you specialize in construction and renovation projects or skilled trades and contracting services, ensuring adequate insurance safeguards your business, employees, clients and assets.
Do Contractors Need Insurance?
Contractors need insurance to help provide essential financial protection and peace of mind. Contractors insurance can help safeguard against unforeseen risks, liabilities and accidents during construction projects. The nature of a contractor’s business involves various hazards, including property damage, bodily injury and legal disputes. Contractors insurance can help mitigate these risks by offering coverage designed for these perils. By investing in a comprehensive insurance portfolio, contractors can help protect their business operations and confidently fulfill their contractual obligations.
Types of Insurance for Contractors
The following are some common types of coverage contractors should include in an insurance policy:
- General liability insurance may help protect contractors against third-party claims of bodily injury, property damage or personal injury caused during the contractor’s work or operations. It may help cover legal fees, third-party medical expenses, settlements or judgments resulting from such claims.
- Workers’ compensation insurance may help benefit employees who suffer work-related injuries or illnesses. It may cover medical expenses, lost wages, disability benefits and rehabilitation costs. Workers’ compensation insurance may also protect employers from lawsuits filed by injured employees.
- Property insurance may help protect contractors’ physical structures (e.g., buildings and garages) against risks such as fire, theft, vandalism or severe weather. It may help cover the cost of repairs or replacement.
- Contractors equipment insurance protects contractor-owned equipment and machinery from damage, theft or loss, both on and off the construction site. It may cover tools, heavy machinery, vehicles and other equipment.
- Builder’s risk insurance may help protect construction projects in progress. It may cover damage to the structure, materials and equipment caused by risks such as fire, vandalism, theft or severe weather.
- Professional liability insurance may help protect contractors who provide professional services or advice. It may cover claims of negligence, errors or omissions in the design, project management or consulting services provided.
How to Get Contractors Insurance
Contact Wiglesworth-Rindom Insurance Agency today to discuss your insurance needs and get a quote for coverage. Our agents are knowledgeable about the unique risks a contractor may face and we can ensure you have the proper protections in place.