If you are a contractor, you need insurance. There are many risks involved when you own a contracting business, and insurance can help protect you from these risks. At Sloan Insurance Agency in Elmer, NJ, we offer contractor insurance.
General liability insurance protects you from many types of liability claims. It covers bodily damage to non-employees and property damage. If a judgment is made against you, the insurer will cover the costs up to the coverage limit.
Let’s say you are working on a client’s roof. The hammer falls from the roof and damages their car. General liability would cover these damages, so you don’t have to.
Business Owners Insurance
A business owner’s policy combines general liability with property insurance, also known as a BOP. It covers your tools of the trade and any buildings you use to run your business.
Workers Compensation Insurance
If you have employees, you need workers’ compensation insurance. If an employee is injured on the job, you are responsible for medical bills and lost wages.
Workers’ compensation insurance covers these costs, giving you and your employees peace of mind.
As a contractor, a mistake can be very costly. Professional liability provides coverage for customer dissatisfaction, design flaws, and mistakes you may make.
For example, if a mistake causes a building to not be up to code, this will cost the home or business owner time and money. Professional liability would cover any time loss and the costs to fix the issue.
Contractor Insurance With Sloan Insurance Agency
If you need contractor insurance in Elmer, NJ, contact us at Sloan Insurance Agency. We’ll explain the types of contractor insurance and make sure your insurance needs are met.