Contractors Insurance

Austin, Texas, Agency Serving Your Contractor Insurance Needs

Contractors, like any other business, need business insurance coverage that protects them against employee lawsuits and losses from a business interruption. They also need insurance coverage specifically designed for the unique needs of contracting businesses. But finding the right coverage from the right company at the right price can seem daunting.

At our Austin, Texas, agency—Central Insurance—our agents help contractors find insurance that best meets their needs at the lowest price. We examine their other businesses policies to be sure that coverages do not duplicate each other. We tailor our recommendations for contractor insurance to the specific needs of each customer.

Examples of Contractor Insurance Needs

In addition to the standard types of business insurance needed by any company, contractors require additional coverage. Examples include policies for:

  • Tools and equipment, especially coverage for tools of the trade and equipment that is moved between building sites. This coverage varies, depending on the type of contractor.
  • Builders risk covers a building during the different stages of construction. The payout varies according to the stage of project completion. For example, if a project is three-quarters finished and is destroyed by fire, the policy will pay the contractor three-quarters of the agreed-upon contracted amount.
  • Owners and contractors protective liability protects contractors and property owners from the negligent acts of subcontractors and independent contractors. This insurance covers the subcontractors and is purchased by them. However, the beneficiaries are the general contractor and the property owners, so many general contractors require subs to carry this type of insurance.
  • Business vehicles are not usually not covered by your personal car insurance policy and should have business vehicle coverage. Moreover, if you occasionally use a personal vehicle for company business, be sure that your personal auto coverage is enough to protect you in case someone sues you for damages you caused while driving the vehicle.

Our insurance specialists will review your existing coverage, and make recommendations about the coverage that will protect your contracting business at the lowest cost. Because we are an independent agency, we can elect among several insurance companies to provide you with the best coverage for our business.

Contact Our Austin, Texas, Contractor Insurance Specialists

If you have questions about contractor insurance, contact an agent at Central Insurance in Austin. We are dedicated to answering your questions and providing the coverage that will protect your contracting business. Call us at 512.451.6551 or send an email for a free quotation.

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