Call now 866-225-1950 Call now 888-819-1228 Call now 855-340-1099 Call now 833-234-8928 Get Quote >
Call 866-225-1950 for 1 minute quote! Get Quote >     Llama ahora! 888-676-0923 Call 888-819-1228 for 1 minute quote! Get Quote > Call 855-340-1099 for 1 minute quote! Get Quote > Call 833-234-8928 for 1 minute quote! Get Quote >

We’ve been providing building insurance coverage for contractors for over 20 years. While the construction industry has changed over this time, many of the questions contractors are asking have stayed the same.

 

In this article we’re going to answer some of the most common FAQs. These are questions that our agents are asked every day. We would like to share them with you so that you have a better understanding about building insurance.

 

Stress, stress and more stress

 

The answers to these 3 questions will assist you both when you buy new coverage, and when the time comes to adjust your policies to cover changes in your business or circumstances.

 

  1. What building insurance do you need?
  2. Where can you get the best insurance at the best price?
  3. How do you know you can trust the insurance company?

 

Let’s start at the beginning. What is building insurance?

 

What is Building Insurance?

 

This term is a blanked name for all your contractor policies. Your insurance program will include Contractors General Liability and Workers Compensation, because these are required by law in most States. But these policies do not protect you from other common financial threats.

 

Depending on your needs, you can add a short-term policy like Builder’s Risk insurance. Because this policy is contract specific, you would invest in one for each new project.

Now, let’s get to the 3 stressful questions.

 

What building insurance do you need?

 

It is very important to know that you should insist on customizing your coverage for whatever building insurance policies you invest in. There is no one-size-fits-all coverage. This is because, as we’ve discussed, your contractor business faces different risks than another. This can be because of location, the size of your business, or how dangerous your trade is.

 

Start with General Liability Insurance. This covers you from third party claims from clients or visitors to your site. It includes coverage for bodily injury and property injury.

 

You also need Workers Compensation to cover any financial costs that arise from injuries to your employees.

 

Where can you get the best insurance at the best price? 

 

The answer here is closely linked to the third question, so let’s jump ahead and answer both at once.

 

How do you know you can trust the insurance company?

 

The best insurance companies are protective over their reputations for providing the best insurance in the best way. By this I mean you get the cheapest insurance for the coverage you need from knowledgeable agents who believe in helping you before, during and after your purchase.

 

Here’s a quick 5-point checklist to help you decide. Does the insurance company:

 

  1. have good online reviews? You are looking for 5 star reviews. We have thousands of 5 star reviews.
  2. come recommended by friends, family or other contractors?
  3. represent large national companies? Like our company, these companies will have access to better rates. We work with over 18 different insurance carriers.
  4. have a good rating with the Better Business Bureau. Our rating with the BBB is A+.
  5. have many years of being in business? This means they won’t disappear when you need them most. We have been in business over 20 years

 

Buy your Building insurance from the best

 

If you still have questions about building insurance and where to get the best coverage at the best rates, speak with our agents at Contractors Liability. Call today on 866-225-1950

Close buttom imageLearn about insurance