Masonry Contractor workers Compensation – Masonry Contractor Insurance
Masonry Contractor’s Workers’ Compensation
As the owner of a masonry contractors business, you no doubt employ at least one other person. All of your employees should be covered by workers’ compensation insurance. This will ensure any work-related injuries and the resulting medical costs are covered by insurance. You don’t need to be responsible for these costs, neither do your employees. For example, if an employee is unloading concrete slabs from a truck bed and gets a back injury, the medical costs and missed income is protected by worker’s comp.
By getting these masonry contractors insurance policies, you are giving your business the best chance at protecting the many different risks you and your business are subject to.
Masonry Contractor’s Builders Risk Insurance
Builders risk coverage is a type of property insurance for masonry contractors that will cover any damage to the building currently being built. For example, if you are building masonry walls, and part of that building is damaged, it will be covered by the builders risk insurance policy.
Masonry Contractor’s Umbrella Insurance
The liability policies for your Masonry Contractor business all have coverage limits that they will protect you against in the event of a claim against you. Umbrella liability insurance increases your liability limits for all of these risks under one policy. It will protect your masonry business against claims that exceed your primary policy limits.
Masonry Contractor’s Surety and Fidelity Contractor Bonds
Fidelity and surety bonds for contractors are similar to business insurance, in that they are a contract that promises to complete something for a set amount of money. With a fidelity bond, the client has insurance against theft or embezzlement by an employee, or other events that may cause a loss. A surety bond is a contract between the surety and the masonry contractor business that clearly outlines the work which is to be completed. If the client fails to pay for services rendered or the masonry contractor does not perform work that was promised, the surety is then responsible for damages or loss caused.
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