Contractor Insurance

The Contractor Insurance cost will depend on the following factors:

• A complete list of operations
• Annual and projected gross revenues
• Number of employees
• Deductibles
• Specified coverages
• The limit of liability requested 
• Applicant Details
• and more

We can offer terms with competitive premiums annually with same-day coverage you can count on. Complete our online application and get your free quote e-mailed within minutes!

Please note that completing our application for an insurance policy does not cost anything or require you to proceed with the coverage once a quote is provided – customer service is our priority.

A common misconception is that independent contractors don’t need Contractor Insurance. Yes, even if you are an independent contractor working alone, you still need business insurance coverage. Performing services without insurance can expose you to numerous liability risks, from lawsuits to out-of-pocket expenses.

Here are some reasons why you need insurance:

• Protect Yourself: An insurance liability policy is an effective method to protect yourself from claims. It helps absorb the financial loss and legal implications of property damage, bodily damage, and lawsuits when required.
• Protect your Clients: Many clients are more comfortable hiring someone insured in case accidents and damages occur on the job.
• Risk Management Strategy: By having insurance, you effectively manage the risk associated with your career, welfare, and money.

Here are some coverages that we recommend for your insurance policy:

• Commercial General Liability (CGL)
• Commercial vehicles
• Tools and equipment
• Errors and Omissions (E&O)

In general, contracting companies are not liable for the actions of their subcontractors. Subcontractors are considered self-employed and not an employee. However, you can be vicariously liable in the circumstances involving bodily injury/damage and property damage.

For example, if you were negligent when instructing or supervising your subcontractors, you could be vicariously liable. Note that it is essential to determine whether your workers are your employee or independent contractors to ensure that you have the proper coverage in your policy.

In general, contractors do not need professional liability insurance. But, if you provide consultation or advice as a part of your service, you should consider including this in your contractor insurance package. This contractor liability insurance coverage will help cover legal expenses, settlements, and damages if your client or third party sues you for failing to deliver the promised service or for providing misleading advice.