General Liability Insurance for Concrete Contractors

According to current government statistics, the concrete and cement contractors is booming. It is an over $40 billion dollar a year industry that employs hundreds of thousands of people. A record amount of cement was poured in the United States last year. There is also a positive trend upward. In an industry this large, there is plenty of competition. To get work in this field you need to stay competitive and keep costs down. One way is to obtain Concrete Contractors Insurance at an affordable price. However, cost should not be your only concern. You also need to have a policy that has the coverage you need.

 

Get Your Concrete Contractors Insurance With Hassle-Free No Cost Quotes

“This is a ballpark quote and is subject to application/underwriting review. This is not an offer of insurance in any way.”

At Contractors Liability, our highly skilled agents will work with you to get an all-encompassing plan formulated to get you the policies you need and keep you competitive in the concrete and cement market.

Concrete Contractor General Liability Rates for $1 Million/$2 Million Policy

How Much Does Concrete Contractors Insurance Cost?

The first question that springs to mind is how much does Concrete Contractors Insurance cost? The average price of a standard $1,000,000/$2,000,000 General Liability policy for small concrete contractors is about $80 per month, but is based on location, size, payroll, sales, and experience. As you can see, this is probably less than you spend each month on coffee. Your business and personal assets need protection. Why take the risk of possibly losing everything you have by operating without insurance? A basic General Liability policy for concrete contractors can be obtained quickly and easily. With the cost so small for the protection offered by a General Liability policy, getting coverage is a no brainer.

Key Insurance Policies for Concrete Contractors

 

General Liability

This is the bare minimum coverage you must have. General Liability Insurance provides concrete contractors protection from losses from their work. It covers property damage and injuries you may cause to third parties while you are doing concrete contracting work. Usually, most concrete contractors work comes from general contractors. As a rule, they require at a minimum that you have general liability coverage. These general contractors will not let you on the job site until you provide them with a certificate of insurance naming them as an additional insured on your policy.

Commercial Property Insurance

Commercial Property insurance protects the property that your concrete or cement contracting business has. If you have a physical location, you should have this coverage. It covers losses to the physical structure and any equipment or machinery stored there. If a covered peril cause damages the building or the machinery/equipment stored inside, your commercial property insurance policy would help to cover the cost of any necessary repairs or replacements.

Commercial Auto

If you operate vehicles in your concrete or cement contracting business, you need Commercial Auto Insurance. Your personal auto insurance policy will not cover any vehicles that are used in your business. This excludes your personal vehicle if you are using it for business. If you use vehicles for your concrete contracting business, you will need to purchase commercial auto insurance. This type of policy protects you against bodily injury claims from third parties. It will also cover vehicles and other types of property that are damaged as a result of an accident the driver of the cause of your commercial vehicle
For example, if an employee runs a red light while she is driving a work truck, and hits another car, your commercial auto insurance would help to cover the damages of the other vehicle and any personal injuries up to the policy’s limit.

 

Worker’s Compensation

If you have any employees, you will also need to carry Workers’ Compensation Insurance. This is the law in almost every state. This type of policy covers and work-related injuries or illnesses that your employees may sustain. For example, if a during the pouring of a load of concrete, the truck’s chute swings and hits an employee you will be covered. Workers’ compensation will:

1. Pay for any related medical expenses.
2. Cover wages lost during recovery
3. Pay for any retraining if the employee is not able to return to their old position
4. It can assist with legal fees, should the employee decide to sue.
5. Assist with legal fees should the employee decide to sue

 

Surety Bonds

At ContractorsLiability.Com we can handle all your bond needs quickly. There are 3 main situations that Concrete and Cement Contractors will need bonds:

License and Permit Bonds:

Many cities will require you to obtain a bond before a permit or license will be issued. Curb cutting and street cutting bonds are also very commonly needed.

Payment and Performance Bonds:

Contractors, governmental projects, or property owners may require that you obtain these bonds before you start a large project. If your credit is above 700 these are relatively easy to get for jobs under $400,000. The cost is 3% of the contract price. Larger jobs are usually less than 3% but the actual cost will be based on a careful review of the contractor’s business and personal financial statements.

Employee Dishonesty Bonds

These bonds protect your clients from theft by your employees while you are doing work. For example you are putting a new driveway in for a client. A new employee sees a brand new iPad in the homeowner’s car and decides he could use it. In this situation, your Concrete Contractors Insurance will not cover the loss. If you have a bond you can file a claim for coverage.

Why Choose Contractors Liability For Your Concrete Contractors Insurance?

There are many insurance agencies out there, and you might be tempted to go with the one you see constantly advertised on television or even one that is closer to home for your Concrete Contractors Insurance. However, if you want the best policy at an affordable price, you need to work with specialized agents like ours. Along with our customer satisfaction guarantee, we:

• • Work with A-rated insurance companies, to get you service that you can trust;
  • Provide you with customer service, tailored to your needs from a licensed insurance agent;
  • Create a customized General Liability Insurance policy that fits with your needs;
  • Provide a number of different financing options for all budgets;
  • Provide you with the lowest price for the best coverage out of any of our competitors.

For more information, contact ContractorsLiability.Com for more information or a free 5-minute quote.
It is possible to have complete insurance coverage for your Concrete Contracting Business today! Contact ContractorsLiability.com NOW or call us at (866) 225-1950and get the ball rolling. En Espanol Llama ahora! 888-676-0923.