Contractors insurance keeps your business safe from possible liability claims and financial debts.
Because of the often-hazardous nature of contracting labor, work-related accidents are not uncommon and can be calamitous. Therefore, more than many other professionals, contractors require robust insurance coverage to protect them from costly lawsuits and various other liabilities.
HBL Insurance Agency can help you find the perfect coverage and limits for your contracting needs. Our tailored policies, fair pricing, and personalized service will give your contracting business comprehensive protection, and it will give you peace of mind.
Who We Serve
Those who require contractors insurance include contractors of all kinds as well as subcontractors and independent tradesmen and artisans. Whether you’re a home builder, carpenter, electrician, painter, handyman, or stonemason, contractors insurance is something you’ll need to protect your business and finances. Read on to see the various contractors insurance options we offer…
General Liability Coverage
If you’ve been in the industry for a while, you already know that general liability coverage is typically required before you start a job. This type of coverage protects you in the event that your business is held liable for damaged property, faulty work, or someone’s injury.
Errors and Omissions Coverage
If your contracting business provides professional recommendations or advice, you may be held liable were your advice to cause injuries or property damage. Errors and omissions coverage protects you from these claims.
Business Auto Coverage
Many contractors mistakenly believe their personal auto insurance will cover a work-related accident. This is generally not the case. Instead, it’s required that you have business auto coverage when you use your vehicle for business purposes. This is generally true for privately-owned vehicles used sometimes for business purposes, and it is always true for business-owned vehicles.
Workers’ Compensation Coverage
Depending on your company status (for example, whether you are a partnership or sole proprietorship), workers’ compensation coverage may be required by law.
This type of coverage protects your employees, but it also protects you. If a worker becomes injured or ill on the job, they’ll be compensated for medical expenses and lost wages through your workers’ comp insurance plan. Not having adequate workers’ comp coverage puts your business at high risk for a lawsuit involving an injured worker who may hold you liable for their injuries.
A range of other types of coverage can be bundled into your contractors package policy as well, including:
- Cyber Insurance
- Inland Marine Coverage
- Practices Liability
Contact HBL Insurance Agency for Your Free Quote!
HBL Insurance Agency has been providing contractors from Farmington Hills and all over Michigan with comprehensive contractors coverage since 1956.
Interested in a free quote? Why wait? Contact us today to speak with one of our friendly and knowledgeable agents about your contractors insurance options.
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