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. Moreover, these are on top of typical risks most businesses deal with like damage to your workplace or loss of important records. Learn about contractor insurance coverage businesses like yours typically need and purchase from The Hartford.
Our Business Income Extension for Off-Premises Operations may help replace the income your contracting business loses if it must suspend off-site operations because property or equipment was damaged at the job. For example, if a key tool is damaged at a job site, you may not be able to work until it is fixed or replaced. This coverage from The Hartford may help replace the income your business loses while you are unable to operate.
The tools and equipment you use as a contractor are vital to your business. Imagine the impact on 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.
Your contracting business may be working a job where you’re remodeling a bathroom and your customer has decided on a very expensive tub. While carrying the tub to the second floor, one of your employees drops it resulting in a large crack down the center of the tub. This coverage may help.
Contracting businesses often store sensitive information about their employees and clients, including Social Security and debit/credit card numbers. Moreover, 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.
Contracting businesses are vulnerable to employment practices liability claims. Current and former employees may potentially take legal action against your contracting business for issues such as wrongful termination, retaliation, discrimination and harassment. For example, you may end up facing costly legal fees if a former employee claimed your business terminated him even though a medical accommodation may have been made for an injury he received on the job. In this case, Employment Practices Liability Insurance may help cover the legal expenses your business is facing related to the claim.
Bundle Insurance Coverage for Contractor Insurance
Stretch Your Dollar
It’s easy to increase your BOP protection at an affordable price with The Hartford’s Stretch® endorsements that bundle valuable vital coverages. For contractors like you we offer:
Super Stretch for Business Services
Contact an agent
or a representative from The Hartford about these cost-effective solutions that help take the guesswork out of selecting the right coverage for your contractor business.
Additional Contractor Insurance Solutions
If you have employees, use a car for work, or work from home, you may also benefit from:
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. Moreover, 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.