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Contractors Insurance in Arkansas

Contractors in Arkansas must be licensed if their work, including labor and material, exceeds $2,000.00. Subcontractors working for a licensed contractor do not need their own license; however, if the general contractor is not licensed in Arkansas, then the subcontractor will be required to have their own license. Some specialty contractors are also required to be licensed if their operation involves residential remodeling. For more information on contractors licensing in Arkansas, visit the Arkansas Contractors Licensing Board website.

Arkansas contractors who have three or more employees are required to carry workers’ compensation insurance. Workers’ comp insurance can be purchased through any commercial insurance carrier licensed to offer insurance products in Arkansas. Contractors can visit the Arkansas Workers’ Compensation Commission website for more information.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Contractors doing business in Arkansas are subject to a variety of risks for every job they work on. Their risks are not only third-party claims for injury and property damage, but also for injuries to employees at the jobsite. Mitigate your risk with a comprehensive commercial insurance package from Fairbanks Insurance Brokers..

Here is What We Recommend:

General Liability


Your contractor’s general liability policy will be your first line of defense if a third-party brings a legal action against your business. The policy will pay your defense costs and provide coverage against third-party legal actions for bodily injury or property damage, Personal Liability (libel, slander, etc), Contractual Liability, and Products Completed Operations.

Workers' Comp


In Arkansas, every business owner who has three or more employees is responsible for their cost of work-related injuries or illnesses unless the business has a workers’ compensation policy in place. Your state department of labor will require you to carry this important coverage and will hit your business with some penalties if you ignore the rules.

Commercial Auto


Contractors in Arkansas use several types of vehicles and trailers for their business operations and as such, they need commercial auto insurance because this coverage offers liability limits, no limit on the number of vehicles on a policy, and no limit to the number of drivers to be insured. Never trust your commercial vehicles to a personal auto policy.

Tool Coverage


A contractor’s tools and equipment are always at risk for damage or theft. Contractors in all trades can depend on our Contractor Inland Marine policy to provide coverage for their tools and equipment and their employees’ personal tools. They may also use the policy to cover their “installation” risk.

Surety Bonds


It’s easy to confuse surety bonds with insurance because they are in place to pay your customer is you do not abide by the rules 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 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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