Alabama is one of the many states that have licensing requirements for contractors. In fact, the state’s licensing board was established in the 1930s. They also have regulatory agencies that were created to protect Alabama’s consumers by ensuring that contractors remain aware of the rules and regulations for their industry.
To find out if your business will need to be licensed in Alabama, you can visit their licensing board for information about your industry.
Whether or not your business is required to be licensed in Alabama, it’s critical that you protect your business and mitigate your risks with contractors insurance from highly-rated insurance companies.
General Liability from Fairbanks Insurance should be the foundation of your insurance portfolio. Your general liability policy provides protection from common risks such as:
Almost every state requires that contractors carry workers’ compensation insurance to protect their employees and uninsured subcontractors. This important coverage takes care of medical costs, lost wages, and a partial death benefit if your employees suffer a work-related injury or illness.
Any vehicle that is owned or used by your company should be insured under a Commercial Auto policy. A commercial auto policy provides higher liability limits and there are typically no limits on the number of vehicles or drivers on the policy. Your commercial auto insurance provides protection for liability and damages or the replacement of your insured vehicles.
Contractors use many types of tools and special equipment that can be very expensive to replace if they are damaged or stolen at the jobsite, in transit, or in storage. When your business is covered by a contractors’ inland marine policy, these risks are transferred to an insurance company that will pay to repair or replace your tools and equipment.
Although most state licensing boards require a surety bond before they will issue your license, you will likely need additional bonds for bidding on projects or working on government projects.
Fairbanks Insurance Brokers is a leader in providing contractors insurance and is dedicated to providing Contractors and Builders the finest insurance protection at the lowest rates throughout the construction community.
With savings up to 65% on General Liability, Workers’ Compensation, Commercial Auto and Bonds, you can count on us to do the heavy lifting and provide you the most competitive quote that includes all the discounts for which you qualify.