Contractor Insurance
Cox Insurance Services offers customizable business insurance.
We understand the unique nature of your Contractor operations and suit your needs.
Your Contractor Insurance Options Explained
While your day-to-day operations are complex, understanding business insurance doesn’t have to be. There are coverage options available to protect just about every aspect of your business from employee injury to natural disasters. Some insurance is required by law and others by business associates, such as Lenders and Landlords, and General Contractors. Obtaining the right type and amount of insurance for your business will help you avoid gaps in coverage where you need it most.business associates, such as Lenders and Landlords, and General Contractors. Obtaining the right type and amount of insurance for your business will help you avoid gaps in coverage where you need it most.
Certificates
- No Premium charge for Certificates, including most endorsements.
- Our Experienced staff can expedite requests from General Contractors and Insurance Compliance centers.
- Additional Insured, Waiver of Subrogation and Primary Langure on Certificates is available for no additional premium when required by Contract.
Contractor Coverages
Pays for direct physical loss or damage to materials, supplies, equipment, machinery, and fixtures which are to be installed by the insured and temporary structures built or assembled on site. The property is covered while at any job site you do not own or operate, awaiting or during installation, in transit or at a temporary storage location.
The limit to be paid in any one policy period for damages the insured is legally obligated to pay caused by covered injuries and damages (except those included in ‘Products – Completed Operation Hazard’).
Provides coverage for potential liability arising from damage to your product, your work, or impaired property caused by a negligent act, error or omission while performing your business operations. This includes use of defective materials or products.
Pollution Liability insurance protects a company against liability from damage caused by hazardous waste materials. … The pollution liability policy covers bodily injury claims and property damage, along with clean-up costs caused by contamination from toxic waste materials.
An endorsement sometimes attached to liability insurance policies that grants insured status to a person or organization beyond when a project has completed, as required by contract.
These two endorsements, which are common requirements in written contracts and agreements, are available as part of the Contractors Liability. . The first automatically grants insured status to any person or organization, as required by a contract with the Named Insured. The second automatically waives the right of recovery from third parties, as required by a contract with the Named Insured.
Subject to policy provisions, provides coverage for loss to contractors’ tools, which are on or off of a vehicle. Separate limits apply to Blanket, Scheduled, Borrowed or Non-Owned, and Employee Tools coverage. Replacement coverage, versus “actual cash value” – which many insurance carriers sell.
It’s important to remember your organization has specific needs which may change over time
Coverage options are available for you to choose to help protect your business from financial loss and liability Business insurance can be required by law and by business associates, such as lenders and landlords. Obtaining the correct type and right amount of insurance for your business will help you avoid gaps in coverage where you need it. Because the more you know, the better you can plan for what’s ahead.