risk management FOR CONTRACTORS

Protection for you business, your projects and your employees

risk management FOR CONTRACTORS

Protection for you business, your projects and your employees

CONTRACTORS RISK EXPERTISE

Contractors, subcontractors and independent tradesman should carry commercial insurance. It not only protects your business, but it’s often a requirement by many employers before you can start working for them. We have helped contractors protect their livelihoods for decades. We analyze your unique circumstances and design a customized risk management and insurance plan for your needs.

FAQ 

Do contractors need insurance?

 Yes, contractors have a lot to protect.  They need insurance to protect their property, equipment, employees, vehicles, as well as third party liabilities.

What are some notable risks facing contractors?

  • Employee Injury: Contractors need to protect themselves for the costs associated with employee injury due to work with tools and equipment, back injuries, and work from heights, among others.  It is important to train employees on best practices with regards to workplace safety.
  • Completed Operation Liability: Exposures for contractors are high for third party liability once contracted operations have ceased.  Certain structural work carries higher risk.  Full compliance with all construction, material, and design specifications is necessary.

  • Crime: Theft of contractors tools and equipment are an area of concern due to the high value of equipment maintained.  Employee dishonesty could be a concern.  Proper background checks should be done on all employees prior to hiring.

Which insurance coverages are needed for contractors?

Insurance coverages needed for contractors include (but not limited to) Workers Compensation, General Liability, Automobile Liability and Physical Damage including Hired and Non-owned Auto, Inland Marine, Property, and Umbrella.
How much does insurance cost for contractors?

Insurance premiums for contractors will vary based upon several factors.  Each policy is rated on different exposures which may include payroll, revenue, property value, location, driving record, claims history, among others.

How do I purchase restaurant insurance?

Biscayne Risk & Insurance Group can help guide you through the insurance buying process.  Contact us at 561.571.1001, [email protected], or via the contact form below.

GET STARTED

Phone
561-571-1001

Email
[email protected]

CONTRACTORS

RISK EXPERTISE

Contractors, subcontractors and independent tradesman should carry commercial insurance. It not only protects your business, but it’s often a requirement by many employers before you can start working for them. We have helped contractors protect their livelihoods for decades. We analyze your unique circumstances and design a customized risk management and insurance plan for your needs.

FAQ 

Do contractors need insurance?

 Yes, contractors have a lot to protect.  They need insurance to protect their property, equipment, employees, vehicles, as well as third party liabilities.

What are some notable risks facing contractors?

  • Employee Injury: Contractors need to protect themselves for the costs associated with employee injury due to work with tools and equipment, back injuries, and work from heights, among others.  It is important to train employees on best practices with regards to workplace safety.
  • Completed Operation Liability: Exposures for contractors are high for third party liability once contracted operations have ceased.  Certain structural work carries higher risk.  Full compliance with all construction, material, and design specifications is necessary.
  • Crime: Theft of contractors tools and equipment are an area of concern due to the high value of equipment maintained.  Employee dishonesty could be a concern.  Proper background checks should be done on all employees prior to hiring.

Which insurance coverages are needed for contractors?

Insurance coverages needed for contractors include (but not limited to) Workers Compensation, General Liability, Automobile Liability and Physical Damage including Hired and Non-owned Auto, Inland Marine, Property, and Umbrella.

How much does insurance cost for contractors?

Insurance premiums for contractors will vary based upon several factors.  Each policy is rated on different exposures which may include payroll, revenue, property value, location, driving record, claims history, among others.

How do I purchase restaurant insurance?

Biscayne Risk & Insurance Group can help guide you through the insurance buying process.  Contact us at 561.571.1001, [email protected], or via the contact form below.

COMMON COVERAGES

Business Auto Insurance

Whether you have one vehicle or a whole fleet, we can help you implement custom coverage that will protect your business.

Builders Risk Insurance

You can protect your properties before they are finished being built. Builders risk insurance protects from risks like fire, theft and more.

General Liability Insurance

Coverage that protects your business in the event a non-employee is injured or property you do not own is damaged.

Surety Bonds

A surety bond is a great way to guarantee that a large investment in a project is not lost – whether or not the work gets done.

Business Onwers Insurance (BOP)

A Business Owners Policy (BOP) combines business property and liability insurance into one convenient policy.

Errors & Omissions Liability (E&O)

Coverage for businesses that give advice, make educated recommendations, design solutions or represent the needs of others. 

Inland Marine Insurance

Inland marine insurance is coverage that protects your business property while it’s away from your business location.

Workers' Compensation

Coverage for employees who are injured on the job or contract work-related illnesses. Workers’ Compensation is usually mandated by state law.

OUR EXPERTISE

  • General Contractors
  • Concrete contractors
  • Drywall contractors
  • Electrical contractors
  • Framing contractors
  • HVAC contractors
  • Painting contractors
  • Plumbing contractors
  • Stucco and siding contractors
  • Flooring contractors
  • Tile contractors
  • Mason contractors
  • Landscape contractors
  • Grading and earthwork contractor

GET STARTED

HOW CAN WE SERVE YOU?

CALL | 561-571-1001

EMAIL | [email protected]

HOW CAN WE SERVE YOU?

CALL | 561-571-1001

EMAIL | [email protected]