Contractor Insurance Services

Contractor

Our customized contractor insurance packages provide:Coverage gaps filledBundles for cost savingsProper limits to safeguard your assetsAdvice to reduce risksHassle-free claims serviceYear-round policy access & reviewFor over 20 years, The Allen Thomas Group has been a trusted insurance partner for general contractors, trade contractors, and independent contractor clients across the country. Protecting Your Contracting Business with the Right Insurance CoverageOperating a contracting or construction business comes with many risks and liabilities. General contractors face unique risks. General contractors face unique risks.

Our experienced team at The Allen Thomas Group stays on top of your state's evolving laws and requirements to keep your business fully compliant and protected. - Legally required in most states- Transfers responsibility for job-related employee injuries - Includes legal defense against worker negligence claimsYour company's vehicles are on the road daily traveling between jobs, hauling equipment and shuttling staff. The Allen Thomas Group . The Allen Thomas Group has the experience, carrier access and resources to tailor comprehensive coverage at competitive prices. The Allen Thomas Group has the experience, carrier access and resources to tailor comprehensive coverage at competitive prices.

S.- Custom packages and bundled pricing to maximize savings- Complimentary annual policy reviews to ensure adequate, up-to-date coverage- Quick quote turnaround so you can win bids and take on projects- Top carrier relationships for coverage at competitive rates- In-house claims team for responsive, hands-on assistance- Risk management guidance to proactively avoid claims Operating a successful contracting business today means being vigilant against an ever-growing set of risks and liabilities. Without proper protection, replacing stolen or totaled vehicles could be financially crippling. Without proper protection, replacing stolen or totaled vehicles could be financially crippling.

Without insurance, defending yourself in court would cost out-of-pocket expenses; with general liability coverage they are covered automatically. Commercial Auto Insurance covers the array of motorized equipment contractors rely on including dump trucks, cranes, bulldozers and tractors.

Contractor Insurance Services - Contractor

  1. Contractor
  2. Pollution liability
  3. Property damage
  4. Deductible
  5. Contractor
  6. Property damage
Commercial Auto Insurance covers the array of motorized equipment contractors rely on including dump trucks, cranes, bulldozers and tractors.

Builders Risk

Personal Contractor Insurance

Workers' Compensation Insurance: This coverage is essential for contractors who have employees. Common trades that need contractors insurance include:Even if it isn't required by contract, having insurance is always prudent.
 While insurance is an expense, it's the most vital investment you'll make to protect your business. Here are three types of coverage that contractors should consider:General Liability Insurance: This type of coverage protects contractors against claims of bodily injury or property damage that may arise during the course of their work. Contractors need comprehensive coverage against professional and pollution liability risks due to professional acts, errors or omissions. Contractors need comprehensive coverage against professional and pollution liability risks due to professional acts, errors or omissions.

Contractors insurance typically covers business liability exposures related to injuries sustained on client property by your business and is therefore covered by general liability coverage as an essential element of contractors insurance policies. That said, average costs for key coverages fall into these ranges:General liability: $25-$120 per month per $1 million in coverageWorkers' comp: $15-$50 per $100 of payrollBuilders risk: 0.3% - 2% of project valueBusiness auto: $150 - $350 per vehicle per monthUmbrella: $300 to $500 per $1 million in extra coverageMany factors determine your precise rates. Policies that fit your unique responsibilities and exposures – whether you’re a private, public, nonprofit or a financial institution. Legal Defense: Contractors need to have a solid legal defense strategy in place to protect themselves from potential liabilities. Legal Defense: Contractors need to have a solid legal defense strategy in place to protect themselves from potential liabilities.

Call us or start a quote online today. That’s why our insurance experts will work with you to customize a policy just for your business, so you only pay for the coverages you need. Certain The Allen Thomas Group companies may be paid as licensed agencies by insurers for providing services they enlist our assistance with. In the event that a third-party brings a claim against one or more additional insureds for work done for their business, general liability policies offer coverage for attorneys' fees, court costs, settlements or judgments awarded to additional insureds. In the event that a third-party brings a claim against one or more additional insureds for work done for their business, general liability policies offer coverage for attorneys' fees, court costs, settlements or judgments awarded to additional insureds.

Timelines, change orders and contract administration add to your concerns. It helps shield them from costly lawsuits while qualifying them for leases and contracts. Learn more about what general liability insurance covers. Here, you'll find straightforward answers for all your queries about coverages, pricing and more. Here, you'll find straightforward answers for all your queries about coverages, pricing and more.

  • Builders Risk
  • Personal Contractor Insurance
  • Excavation Contractors Insurance
  • Workers Comp And Contractors
  • Insurance For Painting Company
  • General Contractor Insurance Near Me
  • Contractor Insurance Cost

    • Excavation Contractors Insurance

    With a policy from The Allen Thomas Group, our team would appoint legal counsel to defend you, and insurance will cover the expenses up to your defined limits. A 1099 worker hired for a photo shoot could face copyright infringement while remodeling contractors risk potentially injuring homeowners during work. Understanding the policy limits and choosing the right insurance provider are crucial aspects of this type of coverage. We pride ourselves on service with a 97% client retention rate. In today's fast-paced and litigious world, it's crucial for contractors to have the right coverage to safeguard against potential risks and liabilities. In today's fast-paced and litigious world, it's crucial for contractors to have the right coverage to safeguard against potential risks and liabilities.

    Independent contractors may also be sued and held liable for damages, just like other small business owners. Pollution liability An additional insured is anyone besides a policyholder who is covered by an insurance policy. They often include general liability insurance, which covers your business if you’re liable for injuring people, damaging property or other situations. Here are three key aspects that contractors should consider when dealing with legal claims and litigation:1. Here are three key aspects that contractors should consider when dealing with legal claims and litigation:1.

    Allen Thomas Group risk control construction specialists have the experience and know-how necessary to meet all of your risk control requirements and take a proactive approach towards safety and accident prevention. Being an additional insured means you are covered by their insurance for the duration of the job or longer. One of the key components affecting contractors insurance costs is your specific trade's nature of work. A roofing contractor, for instance, might face risks that an HVAC technician doesn't and vice versa; hence you could expect their rates to vary accordingly. A roofing contractor, for instance, might face risks that an HVAC technician doesn't and vice versa; hence you could expect their rates to vary accordingly.

    Independent contractors may need additional forms of small business coverage in addition to commercial general liability insurance, including:Every state requires vehicles registered to a business to carry commercial auto coverage; otherwise they would be held financially liable in case of an auto accident. Business income - Covers income lost due to suspended operations from a covered loss. A BOP bundles both coverages into one policy with usually lower insurance premiums than purchasing them separately from individual insurers. Your loss history - frequent past claims will drive up rates. Your loss history - frequent past claims will drive up rates.

    Excavation Contractors Insurance
    Workers Comp And Contractors

    Workers Comp And Contractors

    Whether you are a national commercial builder or a local independent contractor, we make insurance understandable and affordable. Protect against lawsuits and other liabilities with contractors insurance from The Allen Thomas Group. Helps cover medical expenses and legal fees you incur while defending against a lawsuit from a covered event. Helps cover medical expenses and legal fees you incur while defending against a lawsuit from a covered event.

    Please fill out The Allen Thomas Group's online application and get in touch with one of their licensed insurance specialists to get assistance for your unique business insurance needs.
 The Allen Thomas Group Advantages Include:- Specialized expertise serving contractors across the U. The Allen Thomas Group Advantages Include:- Specialized expertise serving contractors across the U.

    People who work for themselves and don’t have any employees generally aren’t required to have workers’ comp insurance, but it's still a good idea to carry coverage. That's why it's critical to protect your company's finances, assets and livelihood with proper insurance. That's why it's critical to protect your company's finances, assets and livelihood with proper insurance.

    Before signing contracts with you, your clients may require you to carry general liability insurance as protection from allegations of wrongdoing or accidents caused by either yourself or your work. Professional liability - Required for design/build contractors and covers mistakes in your professional work that lead to property damage or financial loss (gaps in coverage, delays, inferior work). Professional liability - Required for design/build contractors and covers mistakes in your professional work that lead to property damage or financial loss (gaps in coverage, delays, inferior work).

    Painting Contractor Insurance

    Insurance For Painting Company

    Protect Your Livelihood: Work with Insurance ExpertsAs a fellow contractor, I know how grueling and risky our work can be. In most cases, independent and self-employed contractors aren’t required to carry workers’ compensation insurance.

    Contractor Insurance Services - Property damage

    1. Contractor
    2. Pollution liability
    3. Property damage
    4. Deductible
    5. Property damage
    6. Pollution liability
    Surety bonds - Types like license & permit bonds guarantee you'll comply with laws and complete projects per contract terms. Umbrella Insurance: This additional coverage provides extra liability protection beyond the limits of other insurance policies. Umbrella Insurance: This additional coverage provides extra liability protection beyond the limits of other insurance policies.

    Please reach out to The Allen Thomas Group's commercial agent for more details and a customized quote. But regardless, it’s a good idea to have coverage in case of accidents or theft of tools and equipment. Business owners and independent contractors can add business owners as additional insureds on their commercial general liability policies, or vice versa. Business owners and independent contractors can add business owners as additional insureds on their commercial general liability policies, or vice versa.

    Contractors should carefully review their insurance requirements and consult with an insurance professional to determine the appropriate coverage options for their specific needs. From general liability to workers' comp to builder's risk, contractors need several types of insurance. Other factors affecting contractors insurance costs are employees, coverage needs, vehicles, location and claims history. Other factors affecting contractors insurance costs are employees, coverage needs, vehicles, location and claims history.

    Independent contractors face similar legal obligations and liability exposures as larger firms. Independent contractors in these fields must also have this protection. Coverage for damage to other nearby properties caused by the construction is also included. Coverage for damage to other nearby properties caused by the construction is also included.

    Insurance For Painting Company
    General Contractor Insurance Near Me
    General Contractor Insurance Near Me
    Stay protected with contractor insurance from The Allen Thomas Group Commercial. Call or start an online quote now. Firstly, they should ensure that the provider specializes in contractor liability insurance and has a strong reputation in the industry. It could cover you if your business is liable for things like injuring people, damaging property or faulty work. Different industries pose distinct risks. Different industries pose distinct risks.

    Learn six ways contractors can effectively manage their cost of risk to help improve their bottom line, their reputation and worker safety. This is where Surety Bonds come in - providing a guarantee you will meet all contractual obligations. State regulations sometimes require independent contractors in certain industries, such as construction, to carry general liability coverage. Having coverage shows you are an established company with the capacity and experience to handle major jobs. Having coverage shows you are an established company with the capacity and experience to handle major jobs.

    Your clients or the general contract could have a blanket additional insured endorsement on their policy, which extends coverage to a type of worker or a group of people, without naming you specifically. If you plan to purchase both general liability and commercial property coverages, one way to lower costs is through a Business Owner's Policy (BOP). Property damage Coverage for collisions, vandalism, natural disasters and theft is also included. It protects them in case their business is found responsible for harming people, damaging property or producing substandard work. It protects them in case their business is found responsible for harming people, damaging property or producing substandard work.

    It's mandated in most states with rare exceptions. It's a necessary cost of doing business. It protects your small business from the high costs of lawsuits and helps you qualify for leases and contracts. It combines both coverages under one policy, and usually has lower insurance premiums than buying each policy separately from the insurance company. It combines both coverages under one policy, and usually has lower insurance premiums than buying each policy separately from the insurance company.

    Contractor Insurance Cost
    Commercial property insurance provides financial security for your workspace and its contents, often required by landlords when signing a lease agreement. The Allen Thomas Group can swiftly secure customizable Bonds at competitive rates to help you bid on lucrative contracts and grow your business.- Required for bidding on most public and commercial projects- Guarantees you will complete work per contractual terms - Shows financial capacity to take on major construction workKeep Your Crew Covered with Workers' Comp Insurance Employing any workers instantly opens you up to responsibility for job-related illnesses and injuries. When it comes to contractor insurance, it is important to understand the different coverage options available. Avoid choosing coverage based on cost alone and work with agents who truly understand your business. Avoid choosing coverage based on cost alone and work with agents who truly understand your business.

    Yet many make the mistake of being underinsured or having gaps in coverage. When discussing insurance options with The Allen Thomas Group agent, be sure to ask about both costs and advantages of purchasing individual coverage versus being added onto one of your client's policies. Policy limits - higher liability limits and lower deductibles mean higher premiums. Policy limits - higher liability limits and lower deductibles mean higher premiums.

    Rather than paying excessively out of pocket, your business continues undisrupted while claims are handled by professionals. Details of coverage, limits, or services may not be available for all business and vary in some states. Contractor insurance is crucial for protecting both contractors and their clients from financial risks and liabilities associated with accidents or property damage. Contractor insurance is crucial for protecting both contractors and their clients from financial risks and liabilities associated with accidents or property damage.

    The Allen Thomas Group partners with top contracting insurer Travelers, among others. These documents serve as crucial evidence in case of legal disputes, helping contractors establish their position and protect their rights. For example, if a roof you installed leaks and ruins the homeowner's walls and flooring, their insurance company can come after you to recoup repair costs. For example, if a roof you installed leaks and ruins the homeowner's walls and flooring, their insurance company can come after you to recoup repair costs.

    Contractor Insurance Cost

    A policy simply sets forth terms and conditions without attaching them to specific persons, items, or interests; by contrast, contracts establish contractual obligations between two or more parties governed by contract law.

    Professional liability insurance protects businesses when employees make mistakes in providing professional services to customers or clients, also known as errors and omissions insurance (E&O). Even though you're an expert at what you do, mistakes still happen!

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