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Contractors Business Insurance
As a contractor, customers expect you to implement their construction plans, meet deadlines and safely see projects large and small to completion – which can expose your business to unique risks. And these are on top of typical risks most businesses deal with like damage to your workplace or loss of important records. Learn about insurance coverage contracting businesses like yours typically need and purchase from The Hartford.
Larger contractors typically require specialized insurance coverage. Learn About It >
Most contracting businesses have a Business Owner’s Policy (BOP). Why? Because it helps protect your business in much the same way a homeowner’s policy helps protect your home and personal possessions.
By combining three basic coverages that are important to virtually every small business, a BOP can help save you money while safeguarding what you’ve worked hard to build.
Business Liability – helps protect your business from certain lawsuits alleging injuries or property damage that occurred as the result of your business operations like if a customer is injured at your workplace or an employee causes damage to a customer’s property. It even helps cover certain claims of slander and libel. Business Liability does not cover liabilities directly arising out of the professional services you may provide.
Business Property – helps protect the place where you do business and the things you use to conduct business, like tools and equipment – whether you own or lease them.
Business Income – helps cover the loss of income when you can’t run your business because of covered property damage.
Contracting businesses depend on power and communication services. Business Income for Off-Premises Utility Services Coverage (OPUS) covers loss of income caused by interruptions in utility services beyond your control, such as when a storm downs power lines and electrical service is not available. Unlike most other insurance companies’ offerings, OPUS coverage from The Hartford starts as early as 12 hours from initial interruption of utility service.
Contracting businesses often store sensitive information about their employees and clients, including social security and debit/credit card numbers. And if that information is lost or stolen, it could leave your business vulnerable to lawsuits and a damaged reputation. Data Breach Coverage helps pay the costs of notifying impacted individuals, managing public relations, good faith advertising, and more if personally identifiable information is lost or stolen.
The tools and equipment you use as a contractor are vital to your business. Imagine the impact to your business if the tools or equipment you use every day were lost, damaged or stolen. A range of coverage options available from The Hartford can help pay for the replacement or repair of all types of owned, borrowed, or leased tools and equipment.
Have you ever borrowed a vehicle for business, say to meet with a client, pick up supplies, or more? Unlike most personal auto policies, Hired & Non-Owned Auto Coverage covers you when a borrowed, leased or rented vehicle, used for business purposes, is involved in an accident.
For businesses without owned or long-term leased vehicles that would need to be covered on a Business Auto policy.
Bundle Insurance Coverage for Contractor Businesses
Required by most states, workers’ comp provides benefits to your employees for work-related injuries or illnesses including medical care, wages from lost work time, and more. And if the worker’s family decides to sue you, coverage can help you with related legal fees. Businesses have been turning to The Hartford for workers’ comp coverage for more than a century.
Do you use your car to visit customers, pick up tools, or run work errands?
A Business Auto Policy provides coverage generally not included in a personal auto policy. It can cover you or an employee when an owned vehicle, used for business purposes, is involved in an accident.
If you run your contractor business out of your home, you probably want a Business Owner’s Policy (BOP). A BOP provides coverage not generally available with a homeowner’s policy.
Ask yourself, “Do I have customers come to my home, provide services away from my home, have employees or inventory?” If so, your agent or a representative from The Hartford can help you select the right coverage to protect your business.
The coverages and services described herein are summaries only. All policies should be read carefully to determine exclusions, limitations and other terms and conditions. In the event of a conflict, the terms and conditions of the policy will govern. All coverages and services may not be available for all businesses or in all states. Please contact your agent or broker for details.
Coverage is underwritten by Hartford Fire Insurance Co. and its property and casualty insurance affiliates (CA lic #8701). In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In WA, this insurance is written by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident and Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd. and Hartford Insurance Company of the Midwest.