TEXAS/FLORIDA—Contractors insurance is necessary to help protect your business from unexpected events that may affect your finances. Having the right coverage allows you to retain control of your finances no matter what obstacles you find yourself facing especially in case of lawsuits, on-the-job injuries, damage to your equipment and more. You may be required, either by law or the company that hired you, to have this coverage.
As a general contractor hired for a construction site or home remodeling project, you are assuming responsibility for the build, and just about everything else that occurs on the job site. With that amount of responsibility you can expect an equally enormous liability. Business insurance is important to construction and contracting companies because equipment damage, and property damage happen so often on the job sites.
It is also important to keep your employees protected from a wide range of risks, including accidents, property damage, or theft.
The following are different types of coverages that you might want to consider or ask your agent for more information to keep your business well protected under most circumstances.
TYPES OF COVERAGES
General Liability— covers business liability for third-party bodily injury, property damage and more.
Umbrella Insurance — covers costs that exceed the limit of another policy, subject to its own limit.
Builder’s Risk— covers damage or loss to buildings during construction or renovation as a result of fire, weather events, vandalism or other hazards.
Workers’ Compensation— covers employees who are injured or get sick while at work. Almost every state requires employers to have this type of coverage for their employees.
Inland Marine— covers business property while it’s being transported, or while it’s being stored by a third party.
Commercial Auto Insurance—covers vehicles that you use while doing business. Protects you from expenses related to accidents, such as property damage and injuries.
Commercial Property Insurance— covers business property that is damaged by certain accidents, weather, or other hazards.
Professional Liability— covers claims against your business for mistakes or oversights in performing a service, breach of contract, professional negligence. Also known as Errors & Omissions (E&O) this type of insurance also covers the failure to perform a service on time (omissions). Professional liability (E&O) insurance should be considered if your business provides professional advice, offers a professional service, or has contractual requirements for the coverage.
Cyber Insurance— covers costs related to system hacks or data security breaches in which sensitive information gets stolen and causes, or can be expected to cause fraud.
If your business can benefit from any of these protections, give us a call!
Buscando Seguro now also has offices throughout the state of Texas. You can visit us in Houston/Katy, Dallas/Irving, Midland, The Woodlands, and we continue to grow, to not only offer you great online services but the best customer service experience on face to face visits.
To protect your family, home, your vehicles, your business, and your future, talk to our local, bilingual experienced agents from Buscando Seguro and let us know what your needs and priorities are. Give us a call today at (877) 427-9671— for an initial consultation and quotes from a myriad of insurance carriers who support us in Florida, Texas, and many other states!
Yolegnys Solano, CSR / 2-15
Agente de Seguros - Customer Service
