Contractor Insurance – Construction Insurance
Contractor Insurance
Construction Insurance – Trade & Specialty Contractors
By: Allen Financial Insurance Group
Our Contractor Pac policy provides general liability coverage for 77 trade contractor classifications. We will pay for damages legally owed to others for bodily injury, property damage, personal and advertising injury resulting from your contracting business operations.
As an independent contractor, you may be wondering what kind of insurance you need to protect yourself financially. The answer will depend on the type of work you do – for example, whether you work at a desk performing data entry or digital marketing services, you work on other people’s property providing home maintenance, or you offer construction services.
General contractors, specialized contractors, homebuilders, remodelers, and even carpenters need to minimize exposure to risk with construction insurance customized to the hazards of the profession. The right blend of coverage can help you limit your financial risks due to jobsite injuries, equipment damage or vehicle accidents may occur during the course of your construction project.
Contractors Insurance – Who Needs it?
There are many types of independent contractors who all need independent contractors liability insurance and other coverage to match their specific risks. Some of the professionals that need contractors insurance include:
Program Eligibility
 | Small residential & light commercial building contractors |
| New ventures are acceptable |
| Gross receipts less than $1,500,000 |
| Contractors with 10 employee or less |
| 75% of the total payroll must be in one or more of the primary Trade classifications. |
| General Contractor Subcontracted Work is limited to 35% of the total annual receipts |
| Contractor must place bond with insurance company |
| All subcontractors must have General Liability coverage with limits of at least $300,000/$600,000 |
Contractors Personal Property
 | Business Personal Property (BPP) |
| Contractors Installation |
| Contractors Tools and Equipment |
| Blanket Basis (unscheduled) |
| Scheduled Basis |
| Non-Owned Tools and Equipment |
| Employee Tools |
| Rental Cost Reimbursement |
| Computer Coverage |
Key Coverage Automatically Included:
| Contractors License Bond |
| Commercial General Liability |
Optional Contractor Coverage
Non-Owned and Hired AutoPropertyInland MarineEmployee Benefits LiabilityCommercial AutoInelgible Risks
Work on Tracts ( New Construction involving 5 or more houses at one location)Contractors with unacceptable creditContractors with more than one loss and/ or claim exceeding $5,000 in the last 3 years.Contractors with gross receipts over $1,500,000Real Property (Building)
Building coverage for Shop/Storage and office. This coverage does not apply to personal dwelling.ISO Property Coverage FormContractor Insurance
Contact us by phone (800) 874-9191, FAX (602) 992-8327
or email below for more Construction Insurance & Contractor Insurance information.
