Contractors Insurance in Nevada

The contractor licensing requirements in Nevada are very similar to the requirements in California meaning they are very strict about licensing and enforcement. The state requires most providers of construction and renovation services to obtain a license before they can begin operations in the state. The only notable exceptions are when you’re a residential property owner conducting minor home improvement measures without any intention of leasing or selling your property, or if you’re a contractor conducting a repair amounting to a value of less than $1,000.

All contractors, subcontractors, and specialty contractors intending to operate in Nevada are encouraged to visit the Nevada State Contractors Board before bidding or starting on a project.

The workers’ compensation requirements in Nevada are also straightforward: All employers with at least one employee must carry coverage. Subcontractors, independent contractors, and their employees must also be covered (unless they’re independent enterprises). Construction businesses are required to have workers’ compensation insurance.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Although your Nevada contractors’ license requires a licensing bond and proof or workers’ compensation insurance, Nevada contractors should mitigate (reduce) their financial risk of a claim using a an affordable commercial insurance portfolio from Fairbanks Insurance Brokers.

Here is What We Recommend:

General Liability

Having General Liability insurance from Fairbanks Insurance Brokers places a financial hedge around your business that protects your company with the following coverages:

  • Your liability resulting from bodily injury or property damage
  • Contractual Liability for third parties
  • Products Completed Operations
  • Defense costs

Workers' Comp

Since the state of Nevada licensing board requires proof of workers’ compensation coverage from every contractor, you should consider Fairbanks Insurance Brokers your number one resource to make sure your workers’ comp policy is written using the proper classes so that the premiums you pay are based on your company’s actual risk.

Commercial Auto

Nevada contractors use different kinds of vehicles and trailers for their business operations and as such, they need commercial auto insurance because it offers higher liability limits, no limit on the number of vehicles or trailers on a policy, and no limit to the number of drivers to be insured.

Tool Coverage

Your business’ tools and equipment are expensive and important. You can financially protect your business if this equipment is damaged or stolen and must be repaired or replaced. Your property is covered while in storage, in transit, or at the jobsite.

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 represents many bonding companies and can find your business the right bond at the most affordable price.

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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