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Contractors Insurance

As a contractor, you face various risks and hazards daily. Understanding your insurance options and maintaining an appropriate insurance portfolio to protect your business against potential financial losses is crucial.

Contact Absolute Insurance Solutions in Kirkland, Washington, to start building your customized business insurance plan.

What Insurance Does a Contractor Need?

Appropriate insurance can help mitigate financial losses from accidents, injuries or property damage during business activities. It’s important for contractors to assess their insurance needs carefully and work with an experienced insurance agent to ensure they have adequate coverage.

If your business is held responsible for someone else’s losses, it can result in devastating financial damages. Your insurance agent may recommend purchasing coverages such as general liability insurance, professional liability insurance, commercial auto insurance, cyber liability insurance and commercial umbrella insurance to help protect your business.

What Does Contractors Insurance Cover?

Contractors insurance may help protect contractors against potential risks and liabilities associated with their business operations. It may include various policies, including the following:

  • General liability insurance—This policy may help cover third-party claims for bodily injury, property damage or personal injury caused by the contractor’s business operations or products.
  • Workers’ compensation insurance—This policy may help cover employees’ medical expenses and lost wages due to work-related injuries or illnesses.
  • Professional liability insurance—This policy, also known as errors and omissions insurance, may help cover negligence claims or errors in the contractor’s professional services.
  • Commercial auto insurance—This policy may help cover third-party bodily injury or property damage claims after an accident. Depending on your coverage, it may also help cover vehicles used for business purposes, including liability and physical damage coverage.
  • Builder’s risk insurance—This policy may help cover damage to buildings or structures under construction, including theft, vandalism or natural disasters.
  • Commercial umbrella insurance—This policy may help provide additional liability coverage above the limits of primary insurance policies.
  • Equipment insurance—This policy may help cover damage or loss of equipment used for business purposes.

Contact Us

At Absolute Insurance Solutions, we can help you build a customized insurance plan to fit your business needs. Contact us today for personalized quotes for contractors insurance and ensure you have the appropriate coverage to protect your business.

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