Contractors need insurance to protect the business they have built.
Contractors face increasing risks. It’s important for your business to have proper insurance protection. We can help. We assist our clients with avoiding risk and potential claims to reduce their insurance premiums and losses.
We are Trusted Advisors to our Contractor Clients
Since our inception, Guardian Brokers, Ltd. has been committed to the insurance for the construction industry, serving general contractors and subcontractors.
We’ll take the time to talk with you and understand how your firm works from day-to-day. From there, we’ll break down a customized plan of protection that works for you.
Our Contractor’s Insurance Practice focuses on:
- Alternative Energy
- Drywall & Plaster
- General Contractors
- Steel Erectors
And many more…
What Types of Insurance Should Contractors Consider?
While contractors may consider many insurance coverage types, the following are typical insurance types carried by contractors.
- General Liability Insurance
- Insurance protecting your firm from the majority of liability exposures.
- Tools and Equipment Insurance (also known as Inland Marine)
- Property insurance for moving goods over land by truck, train, or other forms of transportation.
- Builders Risk or Installation Floaters
- Protects against any claims that occur during the construction of a project. It typically provides coverage for damage to a job in progress, including fire, weather, vehicles, or theft.
- An installation floater covers your portion of the job until complete and includes material installed and stored at the job site.
- Workers Compensation
- Insurance provided by an employer to an employee and their family that covers any job-related injuries (or death) resulting from an accident or occupational disease.
- Business Auto Insurance
- Provides auto liability and physical damage coverage for your fleet of autos.
- Payment and Performance Bonds
- Used for contractors working on construction projects. Payment and performance bonds essentially ensure that those under contract will fulfill their duties, as well as pay the appropriate parties involved, such as subcontractors or material providers.
- The former ensures that the work will be done, the latter ensures all participating parties will receive payment.