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Secure Comprehensive Contractor Insurance for Your Business
Whether you’re a general contractor or a home improvement renovator, your business is growing fast — and you need contractor insurance that can keep up.At Freedom Insurance Solutions, we work with insurers to provide general contractor insurance policies tailored to your specific risks. We do this by taking the time to understand your contractor business, so you can get a policy that offers full protection.
Best of all? We make it easy to get insured, because let’s face it – your day is busy enough! Fill out our online form and get free insurance quotes in under 10 minutes. Our dedicated team is here to assist you every step of the way, ensuring you have the coverage you need. With our competitive rates and comprehensive policies, you can focus on growing your business with confidence. Trust Freedom Insurance Solutions to keep your business protected.
Benefits:
- It can protect your business from certain claims.
- It can cover damages caused by your negligence.
- Proof of insurance can help customers feel good about your work.
- It may be legally required where you’re located.
- It can cover tools & equipment at your location or job site.
General Liability Insurance for Contractors
General liability coverage for contractors provides protection against costs associated with third-party accidents, property damage, and bodily injury. Having general liability insurance can be essential for your contracting business, as your type of work carries greater risk for these types of incidents.As a general contractor, your line of work puts you at greater risk for damage and accidents. That’s why we highly recommend adding this policy to your overall business liability insurance!
As a recap, here’s what your general liability insurance can cover:
- Bodily injury to another person (like a customer)
- Third-party property damage
- Personal and advertising injury
- Medical expenses
- And more
Here’s what general liability insurance usually doesn’t cover:
- Damage to your own property
- Professional services
- Workers compensation or injury to your employees
- Damage to your work
- Automobiles while in business use
- Expected or intentional injury or damage
- And more
Why Should I Get Contractor Insurance?
We understand that, as a business owner, you’re probably trying to budget as much as possible. That’s why it may be tempting to put off getting insurance or avoid it altogether, especially if you don’t feel like it adds any value to your business.
But here’s the thing: General contractors like you are at risk for the kind of property damage claims that can be absolutely catastrophic to your finances.
For example, if you get sued for accidentally causing significant property damage to a customer’s home, you may have to pay for legal fees and damages out of your own pocket – or your family’s finances – if you are not properly insured.
Speaking of getting sued, business insurance coverage can offer significant peace of mind if a customer decides to sue you over your services, even if you did nothing wrong. Client lawsuits are more common than you think; it’s estimated that 43% of small business owners have reported being threatened with or involved in a civil lawsuit.
Additionally, many states require contractors to have coverage, especially if they have employees or work on certain projects. Plus, if you want to be licensed as a contractor, you will need to show proof of coverage.
Oh, and one more thing: Many customers won’t work with you if you’re not licensed and insured. There’s a lot of advice out there warning people to only work with insured contractors, so it’s a good idea to get this coverage if you want to increase your clientele base.
When you get contractor insurance through Freedom Insurance Solutions, we’ll provide you with a certificate of insurance (COI) so you can start providing proof of coverage.
Enhanced Professional Credibility and Trust
Having general liability insurance not only protects your business financially but also enhances your professional credibility and trustworthiness. Clients are more likely to hire contractors who are insured because it demonstrates a commitment to professionalism and responsibility. By having a general liability policy, you show that you take potential risks seriously and are prepared to handle any unforeseen incidents. This can set you apart from competitors who may not have insurance, making your business more attractive to potential clients. Additionally, many larger projects and contracts require proof of insurance, so having this coverage can open up more opportunities for your business. At Freedom Insurance Solutions, we ensure that you have the right coverage to build and maintain trust with your clients, helping your business grow and succeed.
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How We Works
How We Make Insurance Simple
Our process begins with a personalized consultation to understand your needs, followed by designing tailored insurance plans.
Consultation
We start with a detailed consultation to understand your unique needs and circumstances.
Plan Design
Based on our assessment, we design personalized insurance plans that offer the best coverage options for you.
Implementation
Once you choose a plan, we handle all the paperwork and logistics, ensuring a smooth and hassle-free implementation.
Ongoing Support
We provide continuous support and regularly review your coverage to ensure it meets your evolving needs.
Whispers of Wisdom: Frequently Asked
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Safeguarding Futures, One Policy at a Time
General liability insurance provides coverage for your business against claims of bodily injury, property damage, and personal or advertising injury caused to third parties.
Contractors need this insurance to protect themselves from financial losses due to accidents, injuries, or damages that occur during their work. It also helps in meeting legal and contractual requirements.
It covers third-party bodily injury, property damage, personal and advertising injury, and medical expenses. For example, if a client trips over your tools and gets injured, this insurance can cover their medical bills.
It typically does not cover damage to your own property, professional services, workers’ compensation, damage to your work, business vehicles, or intentional injury or damage.
The cost varies based on factors like the size of your business, the type of work you do, your location, and your claims history. On average, small businesses might pay between $400 and $1,500 per year.
While not always required by law, many states and clients require contractors to have this insurance to obtain licenses or work on certain projects.
You can get this insurance through insurance brokers, agents, or directly from insurance companies. It’s important to compare quotes and coverage options to find the best policy for your needs.
Look for coverage limits that match your business needs, a reputable insurance provider, and any additional coverages that might be relevant to your specific type of work.
Yes, having this insurance can make your business more attractive to potential clients, as it shows you are professional and prepared to handle any risks associated with your work.
Without this insurance, you would be personally responsible for paying any claims or legal fees resulting from accidents or damages caused by your business. This could lead to significant financial hardship.
