Contractors’ insurance protects against the financial risks present at all stages of business operations.
Insulation Contractors install various materials for temperature and sound control. These specialized contractors spend a large amount of their time working with sharp tools and equipment at elevated heights, leaving workers and third parties exposed to hazardous conditions. Furthermore, employees working with toxic chemicals and moving heavy products create a significant risk of workplace injury.
A comprehensive commercial insurance portfolio is needed to shield your business from the unpredictable risk of day-to-day insulation operations.
Insulation contractors’ general liability insurance is the bedrock of a robust, comprehensive insurance package for insulation contractors.
An insulation contractor general liability policy provides coverage for bodily injury liability, property damage, medical payments, and products/completed operations.
Insulation contractors’ liability insurance will also cover defense costs against legal action brought against your business.
Insulation contractors’ workers’ comp insurance provides financial protection for employees who get injured or become ill from work-related activities.
Almost every state in the U.S. now requires employers to provide contractor workers’ compensation while operating with employees.
Various states require an insulation contractor surety bond to guarantee that the contractor (principal) will adhere to a project agreement’s terms and obligations.
Unlike a contractors’ insurance policy, an insulation contractor bond is similar to a business line of credit.
An insulation contractors’ commercial auto policy protects against liability exposure and the risk of physical damage in the event of an accident.
Insulation contractors’ commercial auto insurance provides essential coverage for:
An insulation contractors’ tools and equipment policy — also known as insulation contractor inland marine insurance — covers hand tools, equipment, business product, and material at a job site, in transit, or stored offsite.
Insulation contractors’ inland marine insurance can provide “installation” and “builders risk” coverage.