Contractors Insurance
We provide contractors insurance solutions to businesses in upstate New York and throughout Pennsylvania
What is contractors insurance?
Working in construction or the trades comes with many potential risks, which contractors are well aware of. Contractors insurance may help contractors protect themselves from many risks that they face.
Contractors insurance is a specialized insurance solution for those in construction and the trades. Purchasing a policy normally brings both property and liability protections.
What businesses should have a contractors policy?
Most businesses working in construction or the trades should have a contractors policy. Not insuring could have devastating consequences if something happens.
Of course, there’s a wide broad range of businesses working in construction and the trades. For example, all of the following might want this type of policy:
- General contractors and subcontractors
- Residential and commercial developers
- Remodeling and renovation crews
- Demolition specialists
- Marine construction specialists
- Tradespeople (e.g. roofers, carpenters, plumbers, etc.)
- Landscapers who do large-scale projects
While contractors policies are generally available for all these professions, it’s important to note that not every contractors policy is suitable for every line of work. An insurance agent specializing in contractors liability insurance and contractors property insurance coverages can help find a policy that’s well-suited for a particular type of work.
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What contractor liability insurance protections should contractors get?
Contractor liability insurance protections normally apply to situations where a contractor might be held financially liable for harm they cause. Some oft-important contractor liability insurance coverages are:
- General Contractors Liability Insurance: Might cover incidents leading to third-party injuries or property damage, including common accidents like slip-and-falls at the contractor’s facility or construction site.
- Commercial Auto Insurance: Might cover a contractor’s work trucks and vans, frequently offering both damage and liability protection if there’s an accident.
- Commercial Umbrella Insurance: Might cover extensive lawsuits and settlements that exceed the limits of another contractor liability insurance coverage.
What property insurance protections should contractors look for?
Property insurance coverages generally safeguard different things a contractor owns. There are several insurance protections that contractors might need:
- Commercial Property Insurance: Might protect structures like buildings and garages owned by a contractor, and typically also includes coverage for items when they’re at the premises.
- Inland Marine Insurance: Might protect items (e.g. materials, tools, equipment, etc.) as they’re transported to, from or between construction sites.
- Builders Risk Insurance: Might protect against risks specific to building, usually covering completed work, materials, tools and equipment at the site.
- Equipment Breakdown Insurance: Might protect against the unforeseen breakdowns of crucial equipment, often covering emergency repair costs to minimize work disruption.
What type of construction and trade work can contractors policies cover?
Contractors policies are available for a wide range of work that contractors and tradespeople do. Policies might be able to cover new construction, renovations and remodels. Others may cover the repair and installation of systems (e.g. furnace, hot water heater, etc.).
Are contractors policies able to cover multiple worksites?
Many contractors policies can be structured to cover multiple worksites. An insurance agent who knows contractors policies well can confirm that a chosen policy will provide coverage for more than one project.
Do general contractor policies include coverage for subcontractors?
Whether a general contractor policy extends coverage to subcontractors depends on the specific policy. Some policies can include this coverage, often adding subcontractors as “additional insureds” when they’re covered. Other general contractor policies are set up so they don’t cover subs.
An insurance agent who’s knowledgeable in general contractors liability insurance can check a general contractor policy, to see whether subcontractors are covered.
How can contractors and tradespeople get contractors insurance?
For help finding contractors insurance in upstate New York or Pennsylvania, contact the independent insurance agents at Tri-Town Insurance. Our agents will make sure you find a policy that offers the coverage you need, and you can trust us to recommend the best option since we’re able to compare policies from among several insurers. Together, we can make sure your business is protected well.
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Corporate Office
Afton: 607-639-2255
Bainbridge: 607-967-2241
Elmira Heights: 607-734-1633
Endicott: 607-785-1300
Nichols: 607-699-3081
Owego: 607-687-1381
Waverly: 607-565-2808
Whitney Point: 607-692-3350
FAX: 607-687-5338
Corporate Address
192 Front St.
PO Box 417
Owego, NY 13827
Hours
Mon-Fri: 9am – 4:30pm
Evenings & Weekends by appointment
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