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Contractors Insurance in West Virginia

West Virginia requires general contractors, some subcontractors, and some specialty contractors to be licensed in the state. In most cases, if your job totals $2,500 (materials and labor) or more, you will need to be licensed and if you are a Plumbing or HVAC contractor, you will need to be certified.

If your contracting jobs are generally less than $2,500, you will only need to obtain a business license. All West Virginia contractors should visit the WV Division of Labor for complete information about licensing. For contractors who need only the business license, please visit the West Virginia State Tax Department.

All employers in West Virginia must carry workers’ compensation insurance with a few exceptions. Independent contractors are not required to be covered and agricultural employers with fewer than five workers are exempt as well. Visit the West Virginia Offices of the Insurance Commissioner for complete information. Coverage can be purchased through commercial insurance companies or the West Virginia state-administered fund.

Protect Your Business with Contractors Insurance from Fairbanks Insurance

Even if your contracting business is not required to be licensed in West Virginia, contractors should mitigate their everyday risks with a contractors commercial insurance package from Fairbanks Insurance Brokers. Fairbanks specializes in offering the most affordable commercial insurance and surety bonds.

Here is What We Recommend:

General Liability


Your contractors’ general liability insurance is the foundation of any complete commercial insurance package. If a third-party should file a legal action against your business, your general liability policy takes care of the following:

  • Costs related to property damage claims made against your business.
  • Expenses to settle claims by a third party that your business caused them personal injury.
  • Advertising injury claims made against your business.
  • Attorney fees related to settling covered claims.
  • Administrative costs to handle covered claims.
  • Court costs associated with covered claims.
  • Settlements and judgments for covered claims.

Workers' Comp


Most business owners who have one or more employees is responsible for their cost of work-related injuries or illnesses unless the business has a workers’ compensation policy in place. Your state department of labor will require you to carry this important coverage and will hit your business with some penalties if you ignore the rules.

Commercial Auto


Since personal auto policies typically exclude business vehicles from coverage and do not offer limits high enough to protect your business, every business with business vehicles should have a commercial auto policy in place. Generally there is no limit on the number of vehicles or drivers to be covered and most carriers will offer limits up to $3 million.

Tool Coverage


Contractors should consider the cost of repairing or replacing their tools and equipment in the event they are damaged or stolen. Inland Marine insurance is the policy used to affordably protect your tools and equipment and your employees’ tools as well.

Surety Bonds


Typically, a surety bond is required by licensing boards, commercial customers, government organizations and other parties that you do business with. It’s important to understand that a surety bond is not insurance but more like a line of credit that is available if because of your business operation, a customer must redeem it.

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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