Lathing and plastering contractors represent a vital component to residential and commercial construction projects. These contracts install vital materials such as stucco, simulated brick and stone, and metal lath.
While using hazardous tools and machinery at every job site, lathing and plastering contractors and their employees are continually at risk for injuries and property damage to a third party. Contractors should make certain that their financial exposure at the job site is transferred to a third party insurance company by obtaining workers’ compensation insurance and general liability insurance.
The insurance professionals at Fairbanks Insurance Brokers specialize in the insurance needs of contractors and can offer savings of up to 65% through multiple highly-rated insurers.
Contractors General Liability insurance is the protection that forms the base for a comprehensive insurance program. It will financially protect you and your business if found liable for injuries or property damage to third parties.
Typically required by your state in order to obtain a license to operate, workers’ compensation is necessary to protect your workers in the event they become injured or ill as a result of work-related activities. This coverage is available to pay medical expenses and lost wages and prevents your employees from suing your business in the event of a work related injury or illness.
A surety bond is the most affordable way to satisfy the financial guarantee that is typically required by your state licensing division and the customers you do business with. In most cases, our bonding companies can quickly respond to your bond requests and deliver proof to your licensing department or customer.
Even if you use light pickups or vans for your contracting business, your personal auto policy does not offer the proper coverage. By purchasing affordabley priced commercial auto insurance, your vehicles will be properly insured in the event your work vehicles are damaged or stolen. The policy will also provide significant limits of liability if you or your business is found liable after an accident.
Contractors are required to provide tools and equipment at the job site. The tool coverage provided under an Inland Marine Insurance policy will cover all your tools and equipment if they are stolen or damaged by a covered peril at the job site, while in transit, or while in storage.