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9 Types of Insurance You Need to Protect Your Contractor Business

Construction Marketing

This type of coverage will protect your company from various liabilities , including injury claims, and cover medical expenses. The course of construction (COC) coverage can include anything from foundations and materials to temporary buildings, fencing, paving or outdoor fixtures, which are all necessary when constructing homes.

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A Plumbing Contractor’s Guide to Insurance Coverage

Levelset

A plumbing contractor’s insurance policy covers claims for property damage, but it may also help defend against lawsuits resulting from a work-related incident. In this respect, general liability insurance or workers’ compensation could help cover those costs if an incident should occur. . How do I get plumbing insurance?

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Carpenter’s Insurance: Who Needs It & Why

Levelset

A large claim against your business could have a devastating financial effect that could threaten your livelihood. A carpenter’s business owner policy is a good foundation, but you’ll want to explore other policy options that may apply to your business. Does a carpenter need insurance? Carpentry is a diverse occupation.

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Does GC Insurance Cover Subcontractors?

Levelset

However, the types of policies and their limits (the maximum amount claims can pay out) are limited. A general liability insurance policy protects the policyholder from claims of property damage or bodily injury caused by the contractor or its employees. In some cases, a wrap policy may even include worker’s compensation coverage.

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Housing’s Great Rethink: Workforce Development Takes Center Stage

Pro Builder

These exits weren’t just about compensation, either. He called for an all-hands, industrywide effort to bolster training, compensation, diversity, and productivity. This industry has to work together,” says Branka Minic , CEO of Building Talent Foundation , an Orlando, Fla.-based RELATED.

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Construction Business Owner Blogs

Construction Business Owner

A safe work environment is one of the most straight forward ways to decrease workers compensation expenses. Companies who have more claims than average will have a higher than average rate, for example, 1.6. “A safe work environment is one of the most straight forward ways to decrease workers compensation expenses.”

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Insurance for HVAC Contractors: What It Covers and Why You Need It

Levelset

Business owners policy : This policy includes the foundation of property and liability coverages referred to thus far. Workers’ compensation insurance : If you have HVAC employees, this insurance helps cover lost income and/or medical expenses if one of your workers becomes sick or injured on the job. .