Contractor Insurance

Contractor insurance is like finding the right shoe size; it is not one-size-fits-all insurance. Customizing and simplifying your coverage to fit your business’s distinct needs is easy with a specialized policy.

Specialty contractor insurance covers several risks without settling for an all-encompassing policy that wastes money on unnecessary coverage.

General liability is often a mandatory policy you must own if you wish to bid for government contracts. General liability insurance policies cover you against damage or injury claims that happen on-site or to visitors on your premises but paying for this coverage can be costly.

You should also ensure that you protect your stock, machinery, and equipment against damage or loss from fire, theft, flooding, and other risks, both on-site and off-site. Just as importantly, you need to have insurance coverage against loss of income if you cannot carry out work because your equipment is damaged.

It would be best if you prioritized protecting your machinery, equipment, and stock, against damage, flooding, fire, theft, and other risks both on and off-site. Another important step is ensuring you have coverage against income loss from damaged equipment causing a halt in production.

Workers compensation insurance is another generally mandatory policy, protecting employees against income loss and medical bills from a workplace injury. A big concern for owning workers' compensation is the cost; however, many insurers offer discounts for following safety programs.

Province insurance will help choose the best contractor insurance policy; contact us today.