Contractors’ insurance protects against the financial risks present at all stages of business operations.
Construction projects of all types come with some level of risk in one form or another. Common risks such as safety hazards, theft, labor shortages, increased material costs can have devastating consequences on a business owner with insufficient or no insurance coverage. The most common way to protect your business is to transfer the risk to a highly-rated insurance carrier willing to assume the defined exposure for a premium to mitigate the financial loss caused by a claim.
A formidable contractors’ insurance package will protect your business against unforeseen losses at all hours of the day.
Before commencing operations, general contractors, subcontractors, and specialty tradesmen should visit the WV Division of Labor to verify licensing prerequisites.
With low rates that fit any budget, our professionals are standing by to assist West Virginia contractors in obtaining an affordable quote written precisely for your business operations.
A West Virginia contractors’ general liability policy is the foundational component of a well-structured insurance portfolio.
West Virginia contractor general liability insurance protects against third-party injury and property damage claims.
A West Virginia contractors’ business liability policy provides crucial coverage for the following:
West Virginia contractors’ workers’ compensation is a no-fault benefits program for employees who suffer from on-the-job injuries or illnesses.
West Virginia contractor workers’ comp insurance provides:
Failing to adhere to West Virginia contractors’ workers’ comp regulations may result in heavy fines and penalties.
Please visit the West Virginia Offices of the Insurance Commissioner to verify specific employer rules, regulations, and insurance prerequisites.
West Virginia contractor bonds guarantee customers that the principal will comply with the terms outlined in an awarded contract.
A West Virginia contractors’ surety bond may be required to bid on a residential, commercial, or public works project.
Unlike a contractors’ insurance policy, West Virginia contractors’ surety bonds are more similar to a business line of credit.
West Virginia contractors’ business auto insurance protects companies against financial liability caused by damaged vehicles and injured occupants of an accident or vehicles damaged by vandalism or theft.
A West Virginia contractors’ commercial auto policy provides essential coverage for:
A West Virginia contractors’ inland marine policy provides all perils coverage for business property — such as tools, products, equipment, and material — while in transit, at a job site, or stored at an off-site location.
“Installation” or “builders” risks, vandalism, damaged leased or rented equipment coverage can be provided via West Virginia contractor inland marine insurance.
West Virginia contractor tool and equipment insurance will protect against such common perils: