Essential Insurance Coverage for Contractors
Tailored and hassle-free contractor insurance
CONTRACTOR-SPECIALIST INSURANCE PROVIDERS
FIND YOUR Coverage
Every contractor needs a different mix of insurance. A roofer working at heights has different exposures than an electrician pulling wire. Select a coverage below to learn what it covers, what it costs, and whether your business needs it.
Builders Risk Insurance
Risks
Construction damage, material theft, weather events
Overview
Covers buildings under construction and any materials or equipment stored on site. Project owners and lenders often require it before work begins.
Commercial Auto Insurance
Risks
Vehicle accidents, cargo damage, third-party liability
Overview
Covers your work vehicles, tools, and materials while moving between job sites. Provides higher limits than a personal auto policy.
Contractors Pollution Liability (CPL)
Risks
Contamination claims, cleanup costs, environmental fines
Overview
Pays for pollution-related claims and remediation tied to construction materials and processes. Relevant for trades that handle chemicals, fuels, or hazardous materials.
Cyber Liability Insurance
Risks
Data breaches, ransomware attacks, digital disruptions
Overview
Covers the financial fallout from cyberattacks, data breaches, and technology failures that can shut down your operations.
Directors and Officers Insurance (D&O)
Risks
Management decisions, shareholder disputes, regulatory actions
Overview
Protects the personal assets of company owners and officers from lawsuits tied to business decisions.
Employment Practices Liability Insurance (EPLI)
Risks
Wrongful termination, discrimination claims, harassment lawsuits
Overview
Covers defense costs and settlements from employment-related lawsuits filed by current, former, or prospective employees.
Excess Liability Insurance (Umbrella)
Risks
Catastrophic claims, limit exhaustion, large contract requirements
Overview
Adds liability limits on top of your primary policies. Needed when contracts demand higher coverage or a single claim could blow past your base limits.
General Liability Insurance
Risks
Third-party injuries, property damage, contract requirements
Overview
Covers bodily injury and property damage claims from third parties. Most contracts and property owners require it before you can start work.
Inland Marine Insurance
Risks
Tool theft, equipment damage, transit losses
Overview
Protects tools and equipment wherever you work, not just at a fixed location. Important if you rely on expensive specialty gear.
Professional Liability Insurance (E&O)
Risks
Design errors, missed specifications, professional negligence
Overview
Covers claims that you made a professional mistake or failed to deliver on your scope. Common for design-build and consulting contractors.
Surety Bonds
Risks
License compliance, project performance, payment obligations
Overview
Includes license, bid, performance, and payment bonds. Required for public projects and often needed to land larger contracts.
Workers Compensation Insurance
Risks
Employee injuries, medical expenses, lost wages
Overview
Covers medical bills and lost wages when employees get hurt on the job. Required in most states once you hire workers.
Choosing The Right Insurance Coverage
The right mix of policies depends on your trade, your contracts, and how your business operates. Here are the key factors to weigh.
Your Trade
The work you do determines which policies you actually need
Your Contracts
What your clients, GCs, or project owners require you to carry
Limits and Deductibles
Balancing adequate coverage with what fits your budget
Exclusions
What each policy does not cover, so there are no surprises at claim time
Costs
Premiums, payment plans, and ways to keep rates competitive