Contractors Insurance in Providence, Rhode Island

No matter how small or large your contracting business is, the right business insurance is essential to help you manage your company’s unique risks. Contact Gilbane Insurance in Providence, Rhode Island, to learn more about contractors insurance coverage and to get an insurance quote tailored to your business.

What Is Contractors Insurance?

Contractors insurance can help cover financial losses from property damage, liability lawsuits and more. It is typically a package policy that combines numerous business insurance coverages to provide your business with the holistic coverage it needs.

What Does Contractors Insurance Cover?

Your contractors insurance policy could include several types of business insurance. Depending on the size and sector of your business, you might benefit from the following insurance coverages:

• Liability insurance coverage can help pay for costs associated with allegations that your business caused third-party injuries or property damage. Several types of liability coverage may be available, including the following:
  • Commercial general liability insurance
  • Cyber liability insurance
  • Completed operations liability insurance
  • Professional liability insurance
  • Products liability insurance
  • Pollution liability insurance
• Commercial auto insurance coverage can help cover expenses related to accidents involving business-owned vehicles. State requirements may mandate you purchase minimum amounts of coverage (e.g., liability insurance to help pay for third party bodily injuries or property damage) for your business-owned vehicles and other coverages are typically available (e.g., collision insurance and comprehensive insurance). Hired and non-owned auto (HNOA) insurance may also be secured to provide liability coverage for personal, leased or rented vehicles your business uses.
• Inland marine insurance coverage can help reimburse you for property damage that occurs while your business property is in transport or at a job site.
• Workers’ compensation insurance coverage can help cover costs (e.g., medical bills, lost wages) if your employees experience work-related injuries or illnesses.
• Builder’s risk insurance coverage can help reimburse you for property damage caused by a covered peril during construction or renovation. It may cover the building under construction and building materials at the job site, in transit or stored off-site.
• Commercial property insurance coverage can help pay for damage to your company’s property (e.g., furniture, building and other structures) if they’re damaged by a covered peril.

Additional contractor’s insurance coverages may be available. You may also be able to customize these policies to fit your business needs. Contact Gilbane Insurance to learn how contractors insurance can cover your business.

Who Needs Contractors Insurance?

Almost every contractor could benefit from insurance. Some coverages, such as workers’ compensation insurance, may be required by law, depending on your business. In other instances, your landlord or clients may ask for proof of insurance to do business with you. Even if insurance coverage is not strictly required, you should consider it to provide financial protection for your business.

How to Get Contractors Insurance

Gilbane Insurance Agency is well versed in the unique risks a contractor may face, and we’re here to help you get adequate protection against your exposures. Contact us today to discuss your insurance needs and to get a quote for coverage.

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