Contractors’ insurance protects against the financial risks present at all stages of business operations.
As the construction industry continues to boom throughout different regions of the US, common risks such as safety hazards, labor shortages, delays, material costs, and overruns can send business owners into a never-ending cycle of liability exposure. Bodily injury and property damage incidents can lead to an unexpected lawsuit that can wipe out a well-established construction company if not adequately insured.
Our Kentucky contractors’ insurance policies will shield your company from an employee or third-party action at all hours of the day.
Kentucky contractors are encouraged to visit their city, county, or local jurisdiction to verify rules, regulations, required fees, and documentation before the commencement of operations.
With automatic credits applied for instant savings, our commercial insurance specialists are on standby to assist Kentucky contractors with obtaining a cost-effective insurance package appropriate for your business needs.
Kentucky contractors’ general liability is the foundational component of a well-balanced commercial insurance package.
Kentucky contractor general liability insurance covers third-party liability claims from people outside your business.
A Kentucky contractors’ business liability policy provides coverage for defense expenses, settlement costs, and judgments awarded by the court if your business is held responsible for property damage or bodily injury to a third person.
Kentucky contractors’ general liability insurance provides:
Kentucky operates a no-fault insurance system in which injured employees receive Kentucky contractors’ workers’ compensation insurance benefits regardless of who is at fault.
Kentucky contractor workers’ compensation protects employees with work-related injuries, occupational illnesses, and deaths arising out of the course and scope of employment.
Kentucky contractors’ workers’ compensation benefits include:
Non-compliant employers that violate Kentucky contractors’ workers’ comp laws are subject to severe penalties and fines.
Please visit the Commonwealth of Kentucky Labor Cabinet to verify Kentucky contractors’ workers’ compensation mandates.
A Kentucky contractors’ surety bond protects government agencies and the public (consumers) against financial risk, misrepresentation, and fraud sustained by contractors that violate state rules and regulations.
Various contractors seeking to work within the Commonwealth of Kentucky may be required to post a Kentucky contractor bond to comply with licensing prerequisites.
Kentucky contractors’ surety bonds provide project owners with a financial guarantee against potential default or failure to complete a project and its specifications.
Please visit your city, county, or local jurisdiction to verify Kentucky contractors’ surety bond requirements, rules, and regulations.
A Kentucky contractors’ commercial auto policy provides liability and physical damage protection for business-owned, leased, and hired vehicles involved in an at-fault accident.
Kentucky contractors’ business auto insurance provides coverage for company vehicles involved in an accident or damaged by vandalism or theft.
Kentucky contractors’ commercial auto insurance provides:
A Kentucky contractors’ tool and equipment policy will provide coverage to repair, replace, or reimburse lost or damaged hand tools, materials, and owned, rented, or leased equipment at a job site, in transit, or off-site storage.
Kentucky contractors’ inland marine insurance provides financial protection against:
The Kentucky contractors’ inland marine policy will provide specialized coverage for “installation” risks.