Contractors Insurance in Liberty, TX
Contractors face unique risks every day, including job site accidents, property damage and equipment loss. Contractors insurance is a package of policies that can help your business manage financial losses related to various job-related risks. In Texas, having the right coverage is essential for meeting client requirements, securing contracts and maintaining confidence on every project.
Who Needs This Coverage?
Construction professionals can benefit from this type of insurance, including general contractors managing entire buildings or independent contractors focusing on specific tasks. Whatever your role is, having coverage can help you handle unexpected expenses without putting your finances at risk.
What Does Contractors Insurance Cover?
Every contracting business is different, but the following coverage options are recommended:
- General liability insurance may offer financial support in the event of third-party claims, such as bodily injury or property damage, that occur on the job site.
- Workers’ compensation insurance may cover medical bills and lost wages of employees who are injured or become ill due to their work.
- Commercial auto insurance may provide financial protection for vehicles used for business, such as trucks, vans and trailers.
- Tools and equipment coverage may help pay for the costs of replacing or repairing tools and equipment if they are stolen, lost or damaged.
- Professional liability insurance may reimburse legal fees and other related expenses if your business is accused of negligence in your work.
Depending on your trade and the size of your business, additional policies like builders risk insurance may also be considered. Builders risk insurance can cover buildings and structures while they’re under construction, along with materials, equipment and sometimes temporary structures on-site. If a project is damaged due to fire, theft, vandalism or certain weather events before completion, this policy can help pay for the cost of repairs or replacement.
Where to Get Contractors Insurance
Poole Insurance Agency can help assess your coverage needs and recommend customized solutions. Contact us today to learn more.