Contractor & Trades Insurance

Residential contractors and handymen need specialized liability insurance because general business policies don’t adequately cover the unique risks of their work. This type of insurance protects against claims arising from property damage, bodily injury, and faulty workmanship, which are common occurrences in construction and repair. Why Standard Business Insurance Falls Short General liability policies are

How much does handyman general liability coverage cost? Handyman general liability coverage can range significantly, generally from $300 to $1,200 annually for most small operations. This cost is influenced by several factors, including your business’s specific risks and the amount of coverage you choose. General liability insurance is crucial for any handyman business. It protects

What’s the real difference between General Liability and Completed Operations for trades? It boils down to when the damage happens. General Liability covers incidents occurring while you’re actively working on a job site, while Completed Operations kicks in after you’ve finished and left the project. Think of it like this: General Liability is your everyday

No, general liability insurance typically does not cover a contractor’s stolen tools and equipment. Its primary function is to address third-party bodily injury and property damage claims arising from your business operations. This type of insurance is designed to protect you from financial loss when someone is injured on your job site or if you

Understanding the Non-Negotiable: Why Insurance Isn’t an Option for Commercial Builders Commercial construction projects are complex undertakings, far removed from a weekend DIY home renovation. They involve multiple parties, substantial capital, strict deadlines, and a multitude of inherent risks, from material failures to on-site accidents. For general contractors, adequate insurance isn’t merely a recommendation; it’s

A Certificate of Insurance (COI) acts as a snapshot, verifying that an individual or business holds specific insurance coverage. It’s proof your contractor has the necessary protection, often required before they can start work on a project. What Does a COI Prove? Think of a COI like a car’s registration and proof of insurance in

General contractors require subcontractors to carry their own insurance primarily to manage their own risk. This ensures that if a sub causes damage or injury, the claim is handled by the sub’s insurer, protecting the general contractor’s policy from increased premiums and potential cancellation. It’s a fundamental part of managing the inherent risks in any