Do You Need Contractor Insurance?

Whether you are an artisan doing freelance projects or an independent contractor, you deal with complex agreements with clients every day. To take some of the stress off your shoulders, consider contractor insurance to protect your tools, equipment, and business. At Hawsey Insurance, our commercial insurance agents can help you tailor a policy to meet the unique needs of your business.

Why is Contractor Insurance Important?

If you have employees, in most states, you will need to have workers compensation insurance at a minimum. This insurance covers you in case an employee gets sick or hurt while on the job. There are other types of insurance that you will need to protect different aspects of your business, including the following:

• General Liability Insurance. Protect your business against claims due to property damage or bodily injury that occur on the job site. General liability also may cover legal expenses and the cost of a settlement or judgment if you go to court.
• Contractor Commercial Auto Insurance. Commercial auto insurance has higher coverage limits, and you can use it to cover the vans, construction vehicles, and other vehicles in your fleet. Advantages of commercial versus personal auto insurance include:
  • Additional car, truck, van coverage
  • Additional insurance can be written into the contract
  • Prevents financial loss in case of an accident involving a company vehicle
  • Protects owner from personal liability in the event of an accident involving a work vehicle
• Contractors Equipment Insurance. Tools are not cheap. With all the expertise in the world, without the right tools, you would never finish a job and get it done right. So, it makes sense to include your expensive or specialized equipment in your contractor insurance. This could include everything from bulldozers to sensitive surveying equipment.

Contractors often hire subcontractors and are responsible for their work. With so much on the line as far as credibility and customer trust goes, it’s important to find comprehensive insurance to cover your entire operation. Hawsey Insurance agents are here to help you build a distinct, affordable contractor insurance policy. We would be happy to help you find the right contractor insurance in Mississippi and the surrounding states.

What If a Contractor Has No Insurance?

Without general liability, commercial auto, equipment insurance, and other policy coverage, contractors might find a hard time getting customers. Construction and other contractor work inherently involves certain risks that customers want to make sure don’t fall on them. Therefore, it is vital to protect your customers, employees, and yourself from financial losses due to work-related incidents.

Without insurance, a contractor could find themselves paying medical expenses, property damage, and legal fees to unhappy clients. Get the right protection. Request a quote today!

Call Hawsey Insurance at (601) 856-7707 to discuss contractor insurance. Feel free to schedule an appointment at our offices in Madison, Jackson, and Southaven, MS.