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Contractors Insurance in Norcross, GA

When it comes to home improvement projects, contractors with contractors insurance play a crucial role in bringing the vision to life.

Why? Because what happens if something goes wrong? What contingency plan do you have in store to cover losses incurred?

Whether you’re a general contractor overseeing a team of skilled workers or a subcontractor specializing in specific tasks, having the right insurance coverage can be essential.

What Insurance Should Contractors Carry?

Contractors typically need a group of coverage commonly referred to as contractors insurance. Contractors insurance is designed to financially protect individuals or businesses in the construction industry. It is tailored to the specific risks faced by contractors.

The specific insurance requirements of different contracting businesses will vary. For instance, an operation that utilizes multiple employees may require workers’ compensation insurance. Commercial auto insurance may be needed for those using company vehicles.

What Does it Cover?

Contractors frequently work in high-risk environments where accidents, injuries and property damage can be prevalent. As a result, they should carefully consider the following coverage options:

  • General liability insurance
  • Professional liability insurance
  • Workers’ compensation insurance
  • Commercial auto insurance
  • Inland marine insurance
  • Builders risk insurance
  • Business interruption insurance

Is Subcontractors Insurance Required for Home Improvement?

Subcontractors typically need insurance when working on home improvement projects. Carrying your own insurance is crucial for qualifying for subbed-out work. Without it, you might face difficulties in securing contracts. Having insurance offers financial protection from work-related accidents and potential liability.

How Much is This Type of Insurance?

The cost of contractors insurance can vary widely depending on several factors, including the size and scope of the construction business, the types of projects undertaken, the coverage limits desired, the location of operations, the claims history and the chosen insurance provider.

How to Get Contractors Insurance

Contact Express Insurance Services today to discuss your contractor insurance needs.

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