Contractors Insurance in East Bernard, TX
Contractors insurance is a package of policies designed to address the specific risks faced by general contractors, subcontractors and construction business owners. These policies can help reduce financial stress from accidents, property damage or legal claims.
Key Coverage Types for Texas Contractors
A robust contractors insurance package often includes the following components:
- General liability insurance may cover third-party claims of bodily injury, property damage or personal and advertising injury.
- Workers’ compensation insurance may help pay for medical treatments and replace lost wages if an employee is accidentally injured or becomes ill due to their work.
- Commercial auto insurance may cover vehicles used for business purposes against liability and physical damage.
- Tools and equipment insurance may provide financial protection for your tools and machinery if stolen or damaged by covered events.
- Professional liability insurance may pay for losses if a client claims your work was faulty or incomplete.
- Builders’ risk insurance may cover structures and materials during construction or renovation projects.
What Factors Influence Contractors Insurance Costs?
Many factors impact contractors insurance costs, including the type of work performed, business location and coverage limits. High-risk trades such as demolition or concrete work typically pay higher premiums than lower-risk fields like flooring or cabinetry. Your annual revenue and number of employees can also affect rates since more workers and projects increase potential liability. Additionally, insurers may consider a contractor’s claims history, experience and safety record. Companies with fewer claims and strong safety practices may qualify for lower premiums.
Get a Personalized Quote
Smaistrla Insurance Agency offers contractors insurance for businesses across East Bernard, TX and beyond. With our local expertise, we can help you navigate Texas regulations and secure suitable policies. Contact us today to get started.