Contractors Insurance in Blythewood, SC
As a contractor, clients have entrusted you with key projects and tasks. This responsibility requires careful planning and risk management, as even minor mishaps and isolated issues could have dire ramifications for your finances and reputation. Contractors insurance can be a particularly valuable investment, as the right coverage can cultivate a multifaceted financial safety net potentially capable of blunting losses that might otherwise be devastating.
What Should You Look for in Contractors Insurance?
You should first understand that contractors insurance is not always available as a named product from every insurance carrier. While some companies may offer prepackaged combinations of policies that can address common risks and exposures for those in your sector, your specific circumstances may invoke unique coverage needs. 
Still, several types of insurance may transcend the unique aspects of your business and could prove valuable for many contractors. Consider forming the core of your coverage around the following types of policies:
- General liability insurance
- Professional liability insurance
- Commercial property insurance
- Business interruption insurance
- Workers’ compensation insurance
- Commercial auto insurance
- Builders risk insurance
- Inland marine insurance
- Commercial umbrella insurance
When considering your coverage needs, you should be mindful of all elements of your company, including your location, services offered, staff size and assets and revenue. A qualified insurance professional, such as those at Chichester Insurance Agency, can help you assess and address your needs with customized solutions.
Does My Insurance Cover Intentional Damage Caused by Employees?
Insurance may often exclude situations where your employees intentionally commit acts that cause losses and damages. Still, certain coverage options may offer limited protections. For example, commercial crime insurance may help recoup losses if employees commit fraud or steal from your business. Alternatively, while not always referred to as a type of insurance, fidelity bonds can compensate clients and other parties if they’re impacted by your employees committing dishonest or criminal acts.
What Proof of Insurance Should Contractors Have?
You should be prepared to provide clients and prospects with a certificate of insurance. These documents are issued by your insurance company and can act as proof that you’re currently covered. These forms also should include key details about your coverage, including your policy numbers, deductibles and coverage limits.
How to Get Coverage Near Me
Contact Chichester Insurance Agency Inc today to learn more about coverage options available near you or compare personalized contractors insurance quotes.