Carpentry contractors serve as the backbone to the construction industry and are susceptible to various everyday risks. Minor injuries may be commonplace but major injuries and their associated liability can become financially devastating. Just as your customers depend on your business for quality workmanship, you can count on our quality Carpentry Contractors Insurance products that are designed to transfer your risk to highly-rated insurance carriers with an affordable cost to your business.
Whether your business is a startup or established, your risks will be professionally managed by the experts at Fairbanks Insurance Brokers. We are dedicated to providing Contractors and Builders with outstanding insurance protection at the most affordable rates.
Contactors General Liability will be the foundation of protection for your carpentry business. The coverage will respond if you or your employees are found liable for bodily injury or property damage. The coverage also covers defense costs for your business to respond to any lawsuits brought by a third party.
Many states will require carpentry contractors to provide workers’ compensation coverage for their workers in order to work in their state. Accidents happen at job sites that can result in an employee becoming injured and missing work. Your workers’ compensation coverage will provide financial assistance for medical and lost wage expenses.
Many states and customers may require carpentry contractors to offer a license or surety bond before you are allowed to bid on a job or begin working. Your bond is a financial guarantee to your state’s licensing department and your customer that you will complete the job according to your bid.
Typically, carpentry contractors will have multiple vehicles that require commercial auto insurance to make certain their vehicles can be repaired or replaced in the event of an accident, vandalism, or theft.
Also known as Inland Marine Insurance, this policy will provide for reimbursement for expenses to repair or replace tools and equipment. Your tools represent a major part of your livelihood, so we always encourage carpentry contractors to consider this valuable coverage.