Just a few minutes can save you up to 65% or more with
Washington's best contractors' insurance programs –
Contractors
Insurance
Washington
Washington
Contractors Insurance
Stop overpaying for coverage in the Evergreen State!
Just a few minutes can save you up to 65% or more with Washington’s best contractors’ insurance programs –
Coverage for Washington Contractors
Neither too large nor small, Washington contractors of all trades and sizes can rely on our team of specialists to handle the heavy lifting, ensuring substantial savings or exceptional service –
What is Washington Contractors’ Insurance?
Washington contractors’ insurance is not just a legal requirement, it’s a lifeline. It’s a crucial protection against the financial liabilities that can arise at any stage of your business operations in the construction industry.
Why Do I Need It?
Construction is recognized as one of the most dangerous industries across Washington State. Working at heights, in underground conditions, and utilizing heavy machinery or hazardous substances exposes contractors, employees, and bystanders to substantial risks of injury or property damage daily.
A robust contractor insurance package tailored specifically for Washington State will safeguard your business in the event of an unforeseen incident.
Protect Against the Unpredictable
Fairbanks Insurance Brokers advises Washington contractors to regularly visit the Washington State Department of Labor & Industries (L&I) website to stay abreast of contractors’ insurance prerequisites for licensure or project bidding.
Our construction insurance professionals are dedicated to providing Washington contractors with comprehensive coverage packages, ensuring financial protection against workplace injuries or business-related claims.
With rates designed to accommodate any budget, we offer a unique combination of affordability and quality all bundled into one.
Our Recommended Products
General Liability
General Liability
Washington contractors’ general liability insurance protects businesses against everyday financial risks involved with:
- Third-Party Bodily Injury
- Third-Party Property Damage
- Products and Completed Operations
- Personal and Advertising Injury
- Defense Costs
- And More
The Washington Department of Labor and Industries (L&I) mandates general liability insurance requirements for contractors as follows:
- $200,000 in public liability insurance
- $50,000 in property damage insurance
- Or a combined single limit policy of $250,000
Without liability insurance for contractors in Washington, companies face significant financial risks, including lawsuits, legal fees, and unexpected liabilities. Maintaining the required coverage ensures compliance with L&I regulations and safeguards your business’s reputation and financial stability.
Workers' Comp
Workers' Comp
Private workers’ compensation insurance is not permitted in Washington state. Coverage must be obtained through L&I (Washington State Department of Labor and Industries) or by becoming a certified self-insured employer.
Washington contractors should visit the Washington State Department of Labor and Industries website for the latest insurance requirements and guidelines.
Surety Bonds
Surety Bonds
Washington contractor surety bonds are essential for ensuring compliance with state regulations and protecting consumers from potential financial risks.
Washington construction bonds act as a financial guarantee that contractors will adhere to contractual obligations and meet professional standards.
The primary types of Washington contractor license bonds required by the state include:
- General Contractor License Bond: A $30,000 surety bond required for general contractors.
- Specialty Contractor License Bond: A $15,000 surety bond required for specialty contractors.
Commercial Auto
Commercial Auto
Washington contractors’ commercial auto insurance is essential for protecting your business vehicles and trailers. It offers liability limits with no cap on the number of vehicles or insured drivers.
Without commercial vehicle insurance for contractors in Washington, businesses face financial risks from at-fault accidents, theft, or damage caused by covered perils.
Business auto insurance for Washington contractors provides tailored coverage options to safeguard your operations, including:
- Up to $1 Million Combined Single Limits
- Comprehensive Coverage
- Collision Coverage
- Hired and Non-Owned Coverage
- And Much More
Inland Marine
Inland Marine
Washington contractor inland marine insurance safeguards your tools, equipment, and materials against theft, damage, and unforeseen events while on-site, in storage, or in transit.
With contractor tools and equipment insurance for Washington, businesses can avoid severe financial setbacks, including delays caused by damaged or stolen property essential for completing projects.
Inland marine coverage for Washington contractors includes protection for property transported (cargo), contractor’s equipment, computer equipment, and data, buildings under the course of construction (builder’s risk), and installation floaters for materials and equipment awaiting installation.
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