Alaska contractors’ workers’ compensation operates as a system mandating employers to cover injured employees’ work-related medical and disability benefits. This insurance provides coverage for accidental injuries and occupational illnesses that occur while an employee is performing work duties within the scope of their employment.

A workers’ compensation policy for Alaska contractors offers accessible benefits to workers who sustain injuries while fulfilling their job duties, including:

• Disability and Impairment Benefits
• Death Benefits
• Medical Benefits
• Reemployment Benefits

The Alaska Workers’ Compensation Act mandates each employer with one or more employees in Alaska to obtain workers’ compensation insurance, unless the employer has been approved as a self-insurer by the Alaska Workers’ Compensation Board.

We encourage Alaska employers to visit the Department of Labor and Workforce Development, Workers’ Comp Division website for specific Alaska contractor workers’ compensation laws and regulations.

Alaska contractors’ surety bonds provide a financial assurance to consumers, assuring that the principal will adhere to the terms and conditions outlined in the work contract.

Alaska contractor bonds, distinct from contractors’ insurance policies, function as a safety net, shielding consumers from potential default or failure to meet contractual obligations.

For major project owners and government entities, the process of requiring construction companies to secure an Alaska contractor surety bond may be mandatory before bidding on a work contract. This process involves the contractor obtaining a surety bond from a surety company, which acts as a financial backstop in case the contractor fails to fulfill their obligations.

Alaska contractors’ commercial auto insurance provides coverage for your business vehicles in situations where you or an insured driver are found liable for an at-fault accident.

An Alaska contractors’ commercial auto policy protects your business vehicles and trailers against damages arising from accidents, theft, or vandalism.

Alaska contractors’ business auto insurance offers expanded limits, additional coverage options, and hired and non-owned liability. It typically imposes no restrictions on the number of insured vehicles or drivers on the policy.

Commercial auto insurance for Alaska contractors provides coverage for:

• Property Damage
• Bodily Injury
• Comprehensive Damage
• Collision Damage
• Hired & Non-Owned Vehicles
• And More

An Alaska contractors’ tool and equipment policy offers financial security for business equipment, tools, products, and materials, whether at a construction site, in transit, or stored off-site.

Alaska contractors’ inland marine insurance provides extensive coverage against various common hazards, such as:

• Wind Damage
• Hail Damage
• Fire Damage
• Water Damage

Inland marine coverage for Alaska contractors is designed to cater to their unique needs, encompassing specialized protection for “installation” risks, vandalism, lost or stolen items, and damage to leased or rented equipment.