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Contractors Insurance in Alaska

The state of Alaska requires a separate license for commercial and residential contractors. Non-residential contractors aren’t required to take an exam, but residential contractors need to complete the Alaska Craftsman Home Program or post-secondary course in Arctic engineering, followed up by an Endorsement Application for Residential Construction.

Plumbers, electricians, and those who work with asbestos abatement, hazardous paint, boilers, and explosives must also have a Certificate of Fitness for the Trades. Residential and non-residential contractors should visit Alaska’s Department of Commerce, Community, and Economic Development website for more information about contractor licensing.

All employers in Alaska with one or more employees are required to carry workers’ compensation insurance. Workers’ comp insurance can be purchased through a licensed commercial insurance company or through Alaska’s state-administered workers’ compensation fund.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Every business, whether for-profit or non-profit, is subject to various risks on an everyday basis. This means that your contracting business is subject to legal actions by third parties which could result in substantial financial risk. To mitigate your financial risk, we encourage you to take advantage of a complete commercial insurance package from Fairbanks Insurance Brokers.

Here is What We Recommend:

General Liability

Having General Liability insurance from Fairbanks Insurance Brokers places a financial hedge around your business that protects your company with the following coverages:

  • Your liability resulting from bodily injury or property damage
  • Contractual Liability for third parties
  • Products Completed Operations
  • Defense costs

Workers' Comp

Since the state of Alaska requires all employers with one or more employees to carry workers’ compensation insurance, you should consider Fairbanks Insurance Brokers your number one resource to make sure your workers’ comp policy is written using the proper classes so that the premiums you pay are based on your company’s actual risk.

Commercial Auto

Alaska contractors use different kinds of vehicles and trailers for their business operations and as such, they need commercial auto insurance because it offers higher liability limits, no limit on the number of vehicles or trailers on a policy, and no limit to the number of drivers to be insured.

Tool Coverage

Your business’ tools and equipment are expensive and important. You can financially protect your business if this equipment is damaged or stolen and must be repaired or replaced. Your property is covered while in storage, in transit, or at the jobsite.

Surety Bonds

It’s easy to confuse surety bonds with insurance because they are in place to pay your customer if you do not abide by the terms of the project contract. They are not the same, however, and the professionals at Fairbanks Insurance Brokers are happy to discuss your bond needs for any project. Fairbanks represents many bonding companies and can find your business the right bond at the most affordable price.

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.


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