As a contractor with your own equipment and tools, you are essentially operating you own business. It is only sensible to protect the assets of your from theft or damage. Naturally, if you have a work vehicle, it would be wise to take out a comprehensive commercial auto insurance policy. Insurance for contractors can be a confusing area. If you’re unsure as to whether you are considered a contractor or employee for workers’ compensation insurance, or uncertain as to the types of insurance coverage you need as a contractor. Hunt-Miller Insurance Agency has a variety of insurance options for contractors.
Is insurance for contractors expensive?
Our aim is to make sure you spend only what you need to. Some exposures are easy to spot; however, others take time and attention. For example, how does one quantify the potential loss due to an accidental pollution spill, and how is that information properly related to the coverage provided by the insurance policy? Are you required to have a specialized certificates of insurance, and does your policy adequately provide the necessary coverage to satisfy contractual demands? What are your bonding needs? Are you properly protected from a claim arising from rented equipment? These are just a few of the questions our insurance experts are trained to ask.
Through Our Contractors Insurance Programs, We can Provide :
Professional Indemnity- It can cover contractors against claims for negligence, unintentional breaches of intellectual property, loss of data, or documents and claims for dishonesty.
Employers Liability-covers employees for any injury sustained at work. Normally, contractors must have this insurance by law, even if you are the sole 'employee' of your limited company
Public Liability-also known as “general” or “product” liability insurance. It covers your company against third party claims. It will also cover you if you accidentally damage property at your client site
Contractors may also be interested in covering themselves against computer damage and/or office contents insurance.