Workers’ compensation insurance for Nebraska contractors provides financial protection for employees who suffer work-related injuries or illnesses. This coverage ensures that medical expenses, partial wage replacement, and other necessary benefits are handled while helping contractors comply with Nebraska state law.

Nebraska Workers’ Compensation Requirements

In Nebraska, all contractors with one or more employees are required to carry workers’ compensation insurance. Employers must provide a Workers’ Compensation Certificate of Insurance (ACORD 25) to the Nebraska Workers’ Compensation Court, listing the court as the certificate holder. Contractors are responsible for maintaining an updated certificate to remain in compliance with registration requirements.

Key Benefits of Workers’ Compensation Insurance for Nebraska Contractors:

• Medical Benefits: Covers medical care, hospital services, prescribed drugs, prosthetics, necessary supplies, and travel expenses related to work-related injuries or illnesses.
• Indemnity Benefits: These include temporary and permanent disability benefits to compensate employees unable to work due to a work-related injury, as well as death benefits for burial expenses and financial support for surviving dependents.
• Return-to-Work Services: Includes vocational rehabilitation programs to help injured employees transition back into the workforce through job placement or training.

Failure to provide workers’ compensation insurance can result in fines, criminal penalties, and removal from the Nebraska Registered Contractor list.

For the most current requirements, visit the Nebraska Workers’ Compensation Court.

Nebraska contractor license bonds are a financial guarantee that ensures contractors adhere to local laws, building codes, and contractual obligations. These bonds help protect clients, government agencies, and the public from potential financial losses due to contractor misconduct or non-compliance.

Surety Bond Requirements in Nebraska

• Local Jurisdiction Requirements: Certain cities, such as Omaha and Lincoln, may require contractors to obtain license and permit bonds as part of their licensing or permitting processes.

Purpose of Surety Bonds

• Compliance: Ensures contractors follow local construction laws and regulations.
• Consumer Protection: Provides financial protection to clients and municipalities from fraudulent or illegal practices.
• Project Accountability: Guarantees that contractors fulfill their contractual obligations.

How Surety Bonds Work

A contractor license bond involves a legal agreement between three parties:

• Principal: The licensed contractor.
• Obligee: The city, municipality, or agency requiring the bond.
• Surety: The company providing the bond and guaranteeing the contractor’s compliance.

Why Nebraska Contractors Need Surety Bonds

For Nebraska contractors, meeting local bonding requirements is not just a formality. It’s a critical step in securing contracts, maintaining licenses, and building trust with clients and municipalities. To ensure compliance, contractors should thoroughly understand and consult the specific requirements in the cities or jurisdictions where they plan to operate.

Commercial auto insurance for Nebraska contractors is essential for construction businesses that rely on work vehicles for job-related operations. This coverage protects against financial liabilities arising from accidents involving company-owned trucks, vans, and other commercial vehicles.

Nebraska Commercial Auto Insurance Requirements

Nebraska requires all business-owned vehicles to carry the following minimum liability coverage:

• Bodily Injury Liability: $25,000 per person and $50,000 per accident
• Property Damage Liability: $25,000 per accident
• Uninsured/Underinsured Motorist Bodily Injury: $25,000 per person and $50,000 per accident

These coverages ensure financial protection in the event of an accident, whether caused by the policyholder or an uninsured driver.

Local Municipality Requirements

Certain municipalities and project contracts may require higher limits. For example:

• City of Lincoln: Contractors must maintain automobile liability insurance with a minimum of $1,000,000 combined single limit per accident.

Ensuring your construction business carries adequate commercial auto insurance helps protect your company from financial risks and ensures compliance with Nebraska state and local regulations.

Inland marine insurance for Nebraska contractors provides essential coverage for tools, equipment, and materials frequently transported or used across multiple job sites. This specialized policy protects valuable business assets that traditional commercial property insurance may not cover.

What Does Inland Marine Insurance Cover?

• Tools and Equipment Coverage: Protects tools, machinery, and construction equipment against theft, vandalism, and accidental damage in transit or at job sites.
• Installation Floaters: Covers materials and equipment during transportation, storage, and installation until the project is complete.
• Transit Protection: Provides coverage for supplies and materials transported to and from job sites.
• Builder’s Risk: Safeguards structures under construction against risks such as fire, theft, and weather-related damage.

Why Nebraska Contractors Need Inland Marine Insurance

Contractors frequently move tools and equipment between locations, exposing them to loss, damage, or theft. Inland marine insurance ensures these critical assets are protected wherever they are, reducing financial risk and keeping projects on track.

Securing inland marine insurance is not just a choice but a key risk management strategy for Nebraska builders and tradesmen. It provides peace of mind and protects your essential business property, ensuring that your company can continue operating despite unforeseen events.