Some of our staff is working remotely from their homes. We are committed to continuing to provide the service you have come to expect, and will still be answering phone calls and responding to emails in a timely manner.
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
JMG Insurance Corp Logo

JMG

Personal, Business & Specialty Insurance Brokerage

Our Locations 1-844-304-7332
  • Personal
    • Auto Insurance
    • ATV Insurance
    • Boat & Yacht Insurance
    • Motorcycle Insurance
    • RV Insurance
    • Snowmobile Insurance
    • Flood Insurance
    • Homeowners Insurance
    • Rental Property Insurance
    • Renters Insurance
    • Umbrella Insurance
  • Business
    • Business Owners Policy
    • Auto Insurance
    • Flood Insurance
    • Cyber Liability Insurance
    • Errors & Omissions Insurance
    • General Liability Insurance
    • Workers Compensation Insurance
  • Life And Health
    • Client Services
    • Employer Benefits
    • Individual Life and Health
    • Medicare
    • Student Accident & Specialty Coverage
    • Travel Insurance
  • Specialty
    • Arborist Insurance
    • Franchise Insurance
    • Public Transportation Insurance
    • Car Wash Insurance
    • Garage Insurance
    • Rage Room Insurance
    • Commercial Marine Insurance
    • Habitational Insurance
    • Restaurant Insurance
    • Condominium Insurance
    • Homebuilders Insurance
    • School Accident Insurance
    • Construction Insurance
    • Limo Insurance
    • Sports Insurance
    • Contractors Insurance
    • Pool & Spa Contractors Insurance
    • Special Event Insurance
    • Daycare Insurance
    • Police Protective Liability Insurance
    • Woodworkers Insurance
    • Farm & Ranch Insurance
  • Surety
  • Certificates
    • CSR 24 Login
    • High Volume Certificate User
    • Indemnity Agreements
  • Claims
    • First Notice of Claims
  • About
    • Blog
    • Contact
    • Community
    • Our Companies
    • JMG and SAN Network Partnerships
      • SAN Network Partnerships
      • Baio Insurance
      • Beacon Insurance
      • Burlington Insurance
      • Frazao Insurance
      • Lambert’s Insurance
      • Max Fitelson and Son
      • Premier Insurance
    • Testimonials
  • Client Login
  • Make a Payment

What Does Contractors Insurance Cover?

Request a Quote! An insurance quote does not impact your credit score.

Request a Quote

November 30, 2020 by JMG Insurance Corp

a contractor wondering What Does Contractors Insurance Cover?In certain industries, such as construction and landscaping, workplace accidents and errors can easily occur and have severe financial impacts on a company. Therefore, it’s important to have adequate protection in cases such as these. The most effective safeguard against these types of incidents is contractors insurance, which is a form of professional liability insurance. Here is a close look at what does contractors insurance cover.

Areas Of Coverage For Contractors Insurance

If you are a contractor, subcontractor, or independent tradesman, you will benefit from purchasing contractors insurance. Examples of trades that should acquire this type of coverage include construction workers, carpenters, plumbers, electricians, landscapers, painters, and heating and air conditioning installation workers. Here is an analysis of the five primary areas of coverage included in a typical contractors insurance policy.

General Liability

a contractor  working on a roof needing insuranceGeneral liability coverage is designed to protect you in the event your business becomes responsible for any injuries or damages to your commercial property (e.g. building and equipment). This type of coverage can help pay the costs associated with bodily injury claims and can also cover claims of defamation (libel and slander) in certain cases. General liability insurance typically does not cover claims arising from professional mistakes such as undelivered services. For these types of claims, you may need to purchase errors & omissions (E&O) insurance.

Commercial Auto For Vehicles

Commercial auto coverage provides protection for vehicles such as cars, vans and trucks that are utilized for work-related purposes, including transportation of tools and other contractor materials. Objects attached to commercial vehicles, such as ladder racks, may be covered under some policies; be sure to verify this with your insurer and also to ask whether borrowed vehicles are covered by your policy. If your business owns multiple vehicles, commercial auto coverage will likely be extremely useful, especially if your organization is located in a high-traffic area where accidents are common.

Third-Party Property Damage

Third-party property damage coverage is intended to cover claims resulting from damage caused by individuals who are not the insured (or “principal”) listed on an insurance policy. It is a form of liability insurance that an insured (first party) purchases from an insurer (second party) to protect itself against the claims of another (third party).

For example, if you damage a client’s property (e.g. house or commercial building, landscaping, mailbox, etc.) with your commercial vehicle or by any other means, third-party property damage coverage can help pay the costs associated with the ensuing claim from the client.

Workers’ Compensation

This type of coverage shields you if your employees become sick or injured on the job. Depending on the industry your business belongs to, workplace injuries may occur due to slip-and-fall incidents, lifting heavy equipment, or operating dangerous machinery, among other things. According to the National Safety Council, the average cost for all workers’ compensation claims combined in the United States in 2017-2018 was $41,003. Each state has its own unique set of laws regarding workers’ comp, so be sure to find out what these are in your state.

Equipment Coverage

a contractor covered by insurance working on siteThe final type of coverage a typical contractors insurance policy includes is designed to protect the equipment you use for business purposes. Contractors equipment insurance may provide either scheduled coverage, which covers items listed in a schedule, or blanket coverage, which covers all items that meet the definition of “covered property.” Given that contractors equipment (e.g. hand tools, scaffolding, portable generators, etc.) is frequently utilized outdoors, it is typically subject to damage caused by natural perils such as lightning, floods, and landslides. Damage caused by certain perils, such as nuclear hazards, may not be covered.

Contact Our Contractors Insurance Professionals

Reach out to the professionals at John M. Glover in Norwalk, Connecticut, for more information on contractors insurance and its benefits. We have been dedicated to serving clients located throughout Connecticut, Massachusetts, New Jersey, New York, and Hawaii since our founding in 1916. As an independent agency, we work closely with several notable insurers and strive to provide our clients with high-quality insurance solutions that meet their budget and unique needs.

At JMG, we understand the risks that contractors and subcontractors routinely face and are committed to helping you obtain adequate protection. If you use a truck to transport your supplies, we can offer you a dependable auto insurance policy. Our more specific options include plans for carpenters, riggers, environmental workers, and street and highway workers. We have experience covering both small business contractors and large contracting companies.

Call JMG Insurance Corp today at (844) 304-7332 or contact us online to receive a free quote or to learn more about our policies.

Primary Sidebar

Get Started!

  • This field is for validation purposes and should be left unchanged.

Footer

JMG Insurance Corp Logo

JMG Insurance Corp has been serving the insurance needs of our clients in Connecticut, New York, New Jersey, Massachusetts, Rhode Island and Hawaii since 1916.

  • About Us
  • Blog
  • Careers
  • Contact Us
  • Our Locations
JMG Insurance Corp 29 Haviland Street Norwalk, Connecticut 06854 1-844-304-7332 1-203-857-7848

© 2023 JMG Insurance Corp · Powered by 321 Web Marketing · Website Privacy Policy