The Thumann Agency specializes in providing general contractors insurance and other coverage's vital to contractors including builders risk insurance, commercial auto coverage, and insurance for tools and equipment.
Shopping for contractors insurance can be very confusing at times, so we are here to assist you through the process of selecting the right coverage from the right company.
Our many years in the Construction insurance industry allow us to evaluate your risk and solve the coverage needs of your construction company.
Contractors Insurance Coverages
- General Contractor Liability Insurance
This liability insurance will protect you from most claims that would arise from the day to day activities. This includes the activity of running a business and the type of accidents that would occur at a job site.
- Tools and Equipment
Hand tools are normally covered on a blanket basis with no list or schedule. No item can exceed $500 in value. Equipment Insurance will protect your larger tools and equipment such as welders, generators, nail guns and other expensive portable equipment.
- Builders Risk - C.O.C (Course of Construction)
Physical damage insurance for property under construction. Lenders will require it before issuing construction financing. They will usually require this coverage before funding remodeling projects as well and some policies can be endorsed to include the structure being remodeled also.
- Workers' Compensation
Contractors are responsible for providing this coverage for employees but may also have the exposure because of subcontractors who have not provided workers' compensation insurance for their employees. This exposure can be avoided by insisting that subcontractors carry appropriate workers' compensation insurance.
- Business Auto Insurance
Personal auto policies exclude autos used for Commercial and Business purposes and would, therefore, require coverage on a policy designed for such use. If you use your automobile in business, be sure you have the right policy and coverage is not excluded.
The Thumann Agency team is here to assist and provide you with a superior level of customer service. If you have a question or need to reach a contractor insurance specialist, we encourage you to give us a call at (972) 991.9100 Or Start your Contractors Insurance Quote Now.
For all other commercial insurance quotes, please visit our quote request page.