Contractors Insurance in Campbell, CA and San Jose, CA
No construction project is risk-free, but with the right insurance solution, you can protect your company when claims of property damage or injury happen. The right general contractors insurance policy may also provide you with a layer of protection if your company is sued or equipment breaks down and interrupts your operations.
Coverage Plus Insurance Agency is here to help you with your contractor insurance needs. Our team of agents will work with you to identify your unique risks and needs, and then find the best policy for your business. Give us a call today at 408-626-7800 to learn more.
What Does General Contractors Insurance Cover?
There are multiple contractors insurance options that the average contractor might need, ranging from standard business insurance policies to more industry-specific policies. Some of the most common contractors insurance policies may include:
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Property Insurance. This coverage helps insure your company assets, such as buildings, stock, inventory, equipment and furnishings.
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General Liability Insurance. Your mistakes might cause property damage or bodily harm to others, such as your customers. When these accidents occur, your policy can help you compensate that party if they sue you for their losses.
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Business Interruption Insurance. If an unexpected accident forces you to halt operations temporarily, then this coverage can help you pay overhead expenses until you reopen.
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Commercial Auto Insurance. Vehicles owned by your business must adhere to state auto insurance laws. You can use this plan to help cover the costs of wrecks or other hazards.
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Professional Liability Insurance. When your professional mistakes or advice cause a client financial harm, this coverage pays for your recovery costs.
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Builder’s Risk/Inland Marine Insurance. Projects in progress, and the materials associated with them, will have coverage against such perils as fires, vandalism and severe weather damage.
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Workers’ Compensation Insurance. You will likely be required to buy this coverage. It helps you compensate employees for medical expenses and lost wages after an on-the-job injury or illness.
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Surety Bonds. A surety bond is a legal guarantee that obligates you to repay your clients if you fail to meet the obligations guaranteed by your contract.
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Equipment Insurance. To protect employee equipment and other essential items, you will need to make sure they have the appropriate coverage.
Beyond these features, specialty policy endorsements and supplementary plans are available. Talk to your Coverage Plus Insurance Agency agent to learn more about how to tailor your policy to your needs.
How Much Does Contractors Insurance Cost?
When it comes to securing a policy that meets your budgetary needs, we are equipped to offer affordable solutions for any contractor. Our network of carriers offers professionally backed policies that provide the right amount of coverage that will come with the appropriate premiums based on your risk profile.
Contact us today at 408-626-7800 to ask how we can tailor a policy to your operation-specific exposures at a fair price.
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