Contractors’ insurance protects against the financial risks present at all stages of business operations.
From project managers to trades specialists, Rhode Island contractors of all trades face some level of risk on a job site. With hazards lurking around every corner, business owners need to rely on knowing the proper insurance coverage will shield them from the common risks involved with day-to-day operations. Safety hazards, labor shortages, increased material costs, and theft are all unavoidable operational risks affecting a project’s integrity and overall outcome. However, operating without sufficient or any insurance coverage whatsoever is an avoidable risk to be taken seriously, as the consequences of an unexpected loss can be seismic, sending a company into insolvency overnight.
The most common way to protect your business is with a contractors’ insurance carrier that will assume the defined exposure in exchange for a premium to mitigate the financial loss caused to third-party legal action.
Before initiating operations, all contractors are encouraged to visit the Rhode Island Contractors’ Registration and Licensing Board to verify all pre-licensing and insurance requirements.
With customer service you can count on, our licensed pros are available to assist Rhode Island contractors, subcontractors, and tradesmen with the necessary steps in obtaining an affordable contractors’ insurance package that best fits your business needs.
A Rhode Island contractors’ general liability policy is integral to a well-built commercial insurance portfolio.
Rhode Island contractors’ general liability insurance safeguards companies from third-party action, injury, and property damage claims.
A Rhode Island contractor business liability policy — also known as Rhode Island contractors’ commercial liability insurance puts a financial hedge around your business that protects you with the following coverages:
Rhode Island contractors’ workers’ compensation is a form of no-fault insurance designed to assist employees injured at work for medical expenses and/or lost wages.
Rhode Island contractors’ workers’ comp insurance provides:
An employer failing to provide the required Rhode Island contractors’ workers’ comp insurance may be subject to state-imposed fines and penalties.
Please log on to the State of Rhode Island Department of Labor and Training website to verify Rhode Island contractors’ workers’ compensation laws and insurance prerequisites.
Rhode Island contractor surety bonds protect the consumer by ensuring the contractor (principal) will abide by the applicable terms outlined in the awarded contract.
Various projects require a Rhode Island contractors’ surety bond before bidding on a construction project or commencing operations.
A Rhode Island contractors’ commercial auto policy protects your company vehicles involved in an accident, stolen, vandalized, or other covered peril.
Rhode Island contractor commercial auto insurance covers your business vehicles for liability when you or an insured driver are found liable for an at-fault accident.
A Rhode Island contractors’ business auto policy — also known as a Rhode Island contractor commercial auto policy, provides crucial coverage for:
Also known as Rhode Island contractor inland marine insurance, the Rhode Island contractor tool and equipment policy will reimburse business owners for tools, equipment, and mobile machinery damaged or stolen at a job site, in transit, or while in off-site storage.
Rhode Island contractors’ inland marine insurance provides broad property coverage against such common perils:
A Rhode Island contractor inland marine policy will provide “installation” and “builders risk” coverage.