Insurances For Contractors
AmeriAgency Is Best Place To Compare Rates For Contractors
Construction insurance refers to multiple types of general and contractor-specific insurance that when bundled together create a business owner policy (BOP) for contractors. Contractor BOPs typically include general liability, commercial vehicle insurance, workers compensation, and more. This combined insurance policy overs property and liability risks for contractors who work on projects of different types and sizes.
Applying for bundled contractor insurance can be cumbersome and it often takes weeks. AmeriAgency offers an online application that cuts down on the time it takes for you to get covered. You can fill out an online application within 10 minutes and receive up to $1M of general liability coverage within 1 day.
There are many types of insurance that can be bundled together in a contractor’s Business Owner’s Policy (BOP). Some are required by law or by your clients before you bid or start a new job. Others are simply recommended to have because they can protect you and reduce liability for your business.
Most local and national insurance companies offer these required and recommended insurance types to contractors. However, due to increased liability, premiums are typically higher and it’s best to find an insurance company like Ameriagency that specializes in a contractor’s business owner policy (BOP).
Insurance Usually Required For Contractors
The required insurance typically varies based on the assets your business owns and the type of projects you bid on. In general, there are 4 types of insurance that most contractors will be required to have:
- General Liability
- Workers’ Compensation
- Business Auto