Contractors’ insurance protects against the financial risks present at all stages of business operations.
The South Dakota construction industry is an inherently risky business. If project delays, cost overruns, design errors, and labor shortages aren’t bad enough, adding a few incompetent contractors, extreme safety hazards, and theft to the equation only heightens the probability that a perfect storm is formulating with unpredictable disaster. Tools, heavy equipment, and machinery present the risk for bodily injury and property damage claims, where a simple mishap could spell catastrophe for many inadequately insured small businesses.
When mitigating risk, the best defense is a good offense. A formidable contractors’ insurance package will safeguard your company against the financial fallout from an unexpected business claim.
All contractors wishing to do business in South Dakota are encouraged to visit their local city or county jurisdiction to inquire about specific mandates, provide the required documentation, and pay fees before beginning operations.
With a low rate fit for any budget, our licensed professionals are standing by to guide South Dakota builders through the necessary steps in obtaining affordable, well-balanced contractors’ insurance coverage.
South Dakota contractor general liability is a vital component of a rock-solid commercial insurance package.
A South Dakota contractors’ general liability policy — also known as South Dakota contractors’ business liability insurance — safeguards businesses from third-party claims caused by day-to-day actions.
South Dakota contractors’ general liability insurance provides coverage for:
South Dakota contractors’ workers’ compensation provides medical and disability benefits for work-related injuries and diseases.
South Dakota contractors’ workers’ compensation insurance protects employers from employee work-related injury lawsuits.
We encourage all employers to visit the South Dakota Department of Labor and Regulation to verify South Dakota contractors’ workers’ comp regulations.
Various job owners require a South Dakota contractors’ surety bond to bid on a construction project.
A South Dakota contractor bond is a consumer protection product against financial harm caused by businesses that fail to adhere to local, state, and federal rules and regulations.
South Dakota contractors’ surety bonds provide a financial guarantee to a receiving party if the providing party fails to meet contract obligations.
A South Dakota contractors’ commercial auto policy protects businesses against financial liability for damages involving company vehicles and occupants injured in an accident.
South Dakota contractors’ commercial auto insurance covers business vehicles damaged from accidents, theft, or vandalism.
South Dakota contractors’ commercial auto insurance provides coverage for:
South Dakota contractor inland marine insurance provides business coverage for tools, products, materials, and equipment at a job site, transported, or stored at an off-site location.
South Dakota contractors’ tool and equipment insurance provide coverage for such common perils:
A South Dakota contractors’ tools and equipment policy covers theft, lost items, vandalism, equipment breakage, and damaged leased or rented equipment.
A South Dakota contractor inland marine policy can provide an “installation” risk coverage.