As a business owner, it can be a gruelling task trying to find the best insurance fit for your small contractor business, especially if you’re new to all of this. With different insurance policies on offer and industry terms being …
Contractor Business Insurance increases the chances of survival of small construction businesses. Undoubtedly, the construction industry is one of the highest competition business domains. It is not surprising that most new construction companies exit the industry within the first ten …
There are many inherent risks in running a construction company. As well as the risks of being in business. You have to worry about copyrights, and personal damage to a competitor. You also have to worry about personal injuries and …
Two out of every five small businesses predicted to face a liability claim by 2030. Construction businesses need General Liability insurance protection now, more than ever. There are many things that can go wrong on a construction site when running …
Construction company insurance is a term that applies to the various types of insurance that protect contractors in the course of your work. Not all policies offer coverage for all risks. In fact, different policies focus on specific risks. It …
The most sought-after policy offered by construction insurance companies is Builder’s Risk Insurance. That is because some risks continue to plague the construction industry and increase instances of loss. According to Associated General Contractors of America, 80% of construction professionals …
There are many types of Construction Insurance policies to choose from; however, one of the most popular remains one of the most misunderstood. Contractors usually shop for Builder’s Risk Insurance based on the price, not the coverage. That can lead …
A building under construction is a common target for theft. According to the National Insurance Crime Bureau (NICB) and National Equipment Register (NER), The financial cost of equipment theft varies from $300 million to $1 billion yearly. Once you include …
An insurance checklist for contractors can help you narrow down your specific insurance needs as a contractor. The best insurance coverage for contractors is essential for a number of reasons. It will help you get more jobs, protect your business …
Innovation is key to scaling any business. As a small business owner, your enthusiasm, managerial skills, and entrepreneurship have probably sustained your roofing business this far. However, it is capturing emerging trends early, and correctly innovating, that will help catapult …
As a general contractor taking pictures of your construction project may not be a priority. That is, until you come face to face with property damage claims. However, construction sites are a playground for disaster, from storm damage to theft …
For contractors, the difference between investing in Builder’s Risk Insurance and Inland Marine coverage might not be relevant. Maybe it is better to have them both. But before you can make this decision, you need to know more about these …