Contractors Insurance in Texas
Also providing insurance to residents in Colorado, Kansas, New Mexico, and Oklahoma
What is contractors insurance?
The work contractors do presents certain unavoidable risks. To help contractors in Texas protect against the financial costs associated with covered risks, there’s contractors insurance.
Contractors insurance is tailored to meet the risk mitigation needs of contractors working in construction and the trades. Policies may protect against a range of property risks and liability risks.
Which contractors in Texas need to have contractor liability insurance?
Contractor liability insurance is recommended for most construction and trade professionals in Texas. Without coverage, just one incident could be financially devastation. Additionally, property coverage is generally recommended for any significant assets that a contractor has.
For example, these policies are often the best policy choice for:
- General contractors
- Commercial developers
- Homebuilders and residential developers
- Marine construction contractors
- Roofers, framers, carpenters
- Electricians, plumbers, HVAC techs
- Commercial landscaping crews
Get A Quote
What contractor liability insurance coverages should contractors get?
The exact contractor liability insurance coverages contractors ought to get depend on their work and situation. There are at least three main coverages that most contractors should consider:
What contractor property insurance coverages should contractors get?
Property insurance coverages might protect a range of assets, and it’s widely recommended that contractors get coverages for any significant assets they have. Some of the options which are available frequently include:
What types of work can contractors policies be used for?
Contractors policies are able to cover most types of work that construction and trade professionals do. Policies can usually be customized for new construction, renovation, and skilled trade professionals.
It’s important to make sure that a policy is properly customized for a contractor’s specific work. An insurance agent who knows contractors policies well can help ensure that a policy has the protections a contractor’s work calls for.
Are construction bonds included within contractors policies?
Construction bonds are technically different from insurance coverages. Contractors regularly purchase both, and an agent who knows contractors policies will likely be able to assist with construction bonds too. They’re easy to get together, even if technically distinct.
How much do contractors pay for their insurance policies?
The cost of contractors policies varies a lot. A contractor’s size, location, trade, scope of work, and projects are just a few examples of what can impact cost. So too can equipment used, employee training, past claims, and much more.
Contractors can find out how much the coverages they need will cost by working with an independent insurance agent. An independent agent will have the freedom to check quotes from several different insurance companies.
Where can Texas contractors get contractors insurance?
If you’re in construction or the trades, contact us at Kirk Insurance Agency. Our independent agents have worked with many contractors in Texas, and have the expertise necessary to find a contractors insurance policy that’ll protect you well.
