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Contractors: Don’t Forget To Double-Check Your Insurance Coverage!

If there’s one thing we can expect every spring, it’s that the warming weather will always bring a flurry of new work to contractor’s doors as homes and businesses alike look to repair, replace or even build any number of desired systems, structures and appliances.

While the spring season is good for a contractor’s bottom line, we urge contractors to pause before they rush to work on their latest incoming projects. Because contractor jobs by definition often carry unique and fairly dangerous risks, now is the time to ensure your business will continue to run smoothly by checking and confirming that your insurance comprehensively covers any likely worst-case scenarios you’d see in your line of work.

As with any type of insurance, different contractors insurance plans cover different levels of risk regarding possible accidents, injuries, or even property damage caused during your work. Contractors insurance usually falls into one of three major categories:

General liability insurance: Typically included in most contractors insurance packages, general liability coverage protects against things like lawsuits and other financial liabilities.

Commercial vehicle insurance: Does your work require use of a commercial vehicle? If so be sure to look into commercial vehicle insurance, whether you use a car, truck, van or even trailer, to make sure this important business asset isn’t neglected from a coverage standpoint.

Business owners insurance: Business owners insurance is perfect for contractors who own business-related properties, such as garages or warehouses. These policies usually include general liability insurance with other business related coverages, including but not limited to loss of income, property, and commercial vehicle insurance.

 

Depending on the type of contract work you do, you may also want to include additional coverage options in your insurance policy. For example, some contractors find that comprehensive liability coverage works better than a general liability policy. Where you work on your contracting jobs – such as a construction sites, riverside projects, and so forth – can also impact your coverage needs.

Don’t think you have the time to evaluate all of this yourself? Not sure what coverage you actually need to succeed? Go ahead and make an appointment with one of our Fisher Widmann Flick Insurance Agency staff members to evaluate your contractors insurance policies. Whether you’re in Johnstown or any other area in central Pennsylvania, and whether you need an entirely new policy or to just update the one you already have, we’re here to help you make sure that your business is fully covered for a reasonable price. Our representatives in Blaire County, Cambria County, Somerset, Latrobe, or in any other nearby counties are all ready to work with you so that you can concentrate on staying safe on the job, rather than worrying about what would happen if things went wrong while working.

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