Contractors’ insurance protects against the financial risks present at all stages of business operations.
Whether or not you are required to be a licensed contractor in Montana, your business is exposed to some level of risk the second you open for business. A typical workday can involve unavoidable risks such as safety hazards, theft, labor shortages, and material costs, among many others. The risk of operating without insurance coverage is completely avoidable and unnecessary, as the consequences can send an unprotected contractor to the brink of insolvency overnight.
Why jeopardize your business when you can affordably transfer your risks to a highly-rated commercial insurance company? A contractors’ insurance policy will assume the policyholder’s defined risk for a premium and fees to mitigate the financial losses incurred by business claims.
We encourage Montana contractors to visit their local city, county, or state authority to confirm all licensing and insurance prerequisites before commencing business operations.
With service you can count on, our insurance specialists are on standby to assist Montana contractors with affordable coverage options that best suit your business budget and needs.
Montana contractors’ general liability is an integral component of a formidable commercial insurance portfolio.
Montana contractors’ general liability insurance — also known as a Montana contractor business liability policy — protects against third-party claims due to business products, services, or operations.
A Montana contractors’ liability insurance policy provides crucial coverage for the following:
A Montana contractors’ workers’ comp policy provides, without regard to fault, benefits to workers suffering from a work-related injury or occupational disease.
Montana contractors’ workers’ compensation provides benefits for:
Please visit the Montana Department of Labor & Industry to confirm employer laws and insurance requirements.
Montana contractors’ surety bonds are consumer protection products that guarantee all contractual obligations are complete per the terms of the bid and subcontractors or vendors are paid upon completion.
Montana contractor bonds are like a business line of credit that guarantees the principal (contractor) will adhere to the rules and regulations of their trade.
Depending on the city, county, or jurisdiction, a Montana contractor surety bond may be required to obtain a license or bid on a project.
A Montana contractors’ commercial auto policy protects against liability caused by damaged vehicles and injured occupants of an accident or vehicles damaged by vandalism or theft.
Montana contractors’ business auto insurance covers company vehicles if an insured driver is liable for an at-fault accident.
Montana contractor business auto insurance provides critical coverage for:
Montana contractor tool and equipment insurance — Montana contractors’ inland marine policy covers hand tools, equipment, and material at a job site, transported, or offsite storage.
A Montana contractor inland marine policy provides “installation” and “builders risk” coverage.
Montana contractors’ tools and equipment insurance covers a broad range of perils, including: