Contractors Insurance

Contractors often encounter various risks in their line of work, regardless of their specific trade. Safeguarding your business against these potential hazards is crucial for mitigating financial losses. American Truck Insurance is ready to assist you if you’re a contractor seeking insurance solutions. Feel free to reach out to us for more information and guidance.

Whether you’re a general contractor or an artisan contractor, business insurance offers vital protection against a range of exposures, reducing the financial burden on your shoulders. The specific coverages contractors opt for can vary, but several insurance types are typically available, including, but not limited to:

• Commercial Property Insurance:  Commercial property insurance safeguards your business’s physical assets, such as your building and its contents, against damage caused by covered perils like fires or storms. It extends to covering repair or replacement costs.

• Builder’s Risk Insurance:  Builder’s risk insurance provides coverage during construction projects, ensuring protection against damage to the building under construction, materials, or supplies due to covered causes of loss, such as fires. This coverage applies to property at the job site or temporarily stored off-site.

• Contractor’s Tools and Equipment Insurance:  This insurance covers repairing or replacing your portable tools or supplies in the event of damage, loss, or theft.

• Commercial Auto Insurance:  Suppose your business owns vehicles; commercial auto insurance steps in to cover damages resulting from accidents. Hired and Non-Owned Auto Insurance (HNOA) might also be open to protect vehicles your business rents or leases.

• Liability Insurance:  Liability insurance comes into play when your business is lawfully liable for property damage or injuries to third parties.  It compensates them for their losses and may also cover associated legal fees.  Varieties of liability insurance include:

• Commercial General Liability Insurance
• Products Liability Insurance
• Pollution Liability Insurance
• Cyber Liability Insurance
• Completed Operations Liability Insurance

• Professional Liability Insurance: This insurance protects businesses when employees make mistakes in the professional services they’ve provided to customers or clients. This coverage is also known as error & omissions.  Even if you’re an expert in your business, mistakes happen. And if your client or customer thinks a mistake in your professional services caused a financial loss, they can sue you.

• Umbrella Insurance:  In situations where a substantial liability claim surpasses the boundaries of your other liability policies, umbrella insurance fills the gap.

• Workers’ Compensation:  Workers’ compensation provides wage replacement and covers medical costs for employees with work-related injuries or illnesses.

Moreover, additional policies and endorsements may be available, and our team is here to discuss options, coverage limits, and exclusions with you.

American Truck Insurance profoundly understands the unique risks contractors may encounter. We are fully equipped to help you obtain protection for your specific exposures.  Don’t hesitate to contact us today to discuss your insurance requirements and request a customized coverage quote.