- What is it?
Contractors’ insurance can provide protection against multiple risks, including everything from auto accidents to stolen tools.
- Who’s it for?
Both general contractors and artisan contractors might want this type of policy, as it can be adapted for construction, demolition, electrical work, plumbing work, masonry work and other similar fields.
- What is offered?
- Commercial Auto Coverage
- Commercial Property Coverage
- Inland Marine Coverage
- Contractors Equipment Coverage
Contractors Insurance in California
Whether you’re a general contractor or you specialize in a specific trade, any company involved in construction is open to a number of risks. The right combination of insurance coverage can help limit your financial risk by protecting you from such things as job site accidents, equipment damages, hazardous materials, employee injury and more.
We’ve worked with all types of construction and contractor companies and know the particular liability insurance each one requires for the variety of projects they typically work on. It’s important to partner with an insurance expert who understands the nuances that affect different players in the construction market.
Here are just some of the business types we can help with:
- General Contractor
- Carpenter
- Painter
- Electrician
- Landscaper
- Masonry
- Concrete
- Homer Builder
- Plumber
- HVAC
- Drywall and Plaster
- Handyman
- Cleaning Service
- Appliance Repair
- Grading & Excavation
- And More…
We can offer the following insurance products:
- General Liability
- Workers Compensation
- Auto Liability
- Owned Equipment Coverage
- Pollution/Environmental Liability
- Professional Liability
- Builders Risk
- Bonds
- Excess & Umbrella Liability
- Employment Practices Liability
- Cyber & Management Liability
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What is Contractors Insurance?
Contractors in California are exposed to multiple risks, including everything from auto accidents to stolen tools. Contractors insurance can provide protection against many covered risks such as these.
Contractors insurance is specialized commercial insurance for business ideas in the construction and trade industries. In order to provide protections against multiple risks, most of these policies come as package policies that combine coverages together.
What Businesses in California Should Have Contractor Insurance?
Many California businesses in the construction and trade industries can benefit front the protections that contractor insurance offers. Both general contractors and artisan contractors might want this type of policy, as it can be adapted for construction, demolition, electrical work, plumbing work, masonry work and other similar fields.
In some cases, contractors might be unable to land certain jobs without having an insurance policy. Select homeowners, businesses and government agencies will only hire businesses that are properly insured.
What Coverages Are Available Through Contractor Insurance?
While the exact coverages that contractor insurance policies offer can vary, several coverages are commonly made available:
- Commercial Auto Coverage: May cover owned or non-owned work vans, trucks and other vehicles
- Commercial Property Coverage: May cover owned facilities, and equipment and tools kept at the facilities
- Inland Marine Coverage: May cover equipment, tools and supplies as they’re moved between locations
- Contractors Equipment Coverage: May extend coverage for equipment to worksites and other locations
- Equipment Breakdown Coverage: May cover unexpected breakdowns of essential equipment
- General Liability Coverage: May cover common accidents resulting in third-party injury or property damage
There are still more coverages that policies might make available and contractors may want.
How Can Contractors Insure Non-Owned Vehicles Driven for Work?
Hired and non-owned commercial auto coverage is generally used to provide liability protection when vehicles that a business doesn’t own are driven for work. The coverage normally leaves insuring against vehicle damage up to the owner of the vehicle.
Contractors may use hired and non-owned coverage to insure employees’ personal vehicles that are driven for work and rented vehicles that other companies own. The coverage normally provides a contractor with liability protection in the event of an accident, yet doesn’t require the contractor to pay for comprehensive and collision coverage. These coverages may be provided by an employee’s policy, purchased through a rental company or not carried.
When hired and non-owned coverage is used, employees should confirm that their own policy’s comprehensive and collision protections extend to all of the driving they do. Some personal policies might exclude extensive off-road driving in construction zones and/or hardhat areas.
An insurance agent who specializes in contractor policies and commercial auto coverage can help contractors evaluate whether hired and non-owned coverage meets their needs.
How Can Contractors Insure Company-Owned Vehicles?
Standard commercial auto coverage is normally used to insure contractor-owned vehicles, and sometimes other commercial registered vehicles that are driven for work. These policies function much like personal auto policies, except a commercial policy’s terms and coverages have been adjusted for work-related driving.
Sometimes, specialized commercial trucking insurance policies are needed for larger work vehicles. These typically are standard commercial auto coverage that’s been adjusted for heavier trucks and larger loads.
Again, an insurance agent who knows contractor policies and commercial auto coverage can help make sure that all contractor-owned vehicles are properly insured. A knowledgeable agent will also be able to help with purchasing policies designed for trucks if heavier vehicles must be insured.
How Can Contractors in California Get Contractors Insurance?
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