For contractors operating in Wyoming, only electricians are required to be licensed at the state level. All other contractors are licensed at the local level. Unless you are an electrical contractor, you will need to contact the city you are operating in for licensing information. Electricians should visit the Wyoming Department of Fire Protection and Electrical Safety website for licensing information.
The workers’ compensation requirements in Wyoming are strict and require all employers to carry workers’ compensation insurance. Since Wyoming is a monopolistic state, workers’ compensation insurance in Wyoming can only be purchased through the state-administered workers’ comp fund.
No matter what type of contracting business you operate or what state you operate in, your business will always be exposed to certain risks that could result in a law suit from a customer or other third party. Certainly, you do everything possible to operate your business in a safe manner but sometimes bad things can happen. Don’t let a lawsuit put your company out of business when you can easily transfer your risks to a highly-rated insurance company at an affordable price.
A contractor’s general liability policy should be the cornerstone of a properly planned portfolio of business insurance. Offered as a stand-alone policy or included in a Business Owners Policy, your general liability insurance is what provides the liability protection that every contractor needs. The general liability policy is generally made up of the following coverages:
Most commercial insurance companies will allow you to broaden your general liability coverage by adding various riders for an additional premium.
Almost every state requires workers’ compensation coverage when a business has one or more employee and Wyoming is no different. Wyoming part of the small group of states that are considered monopolistic states and all workers’ compensation insurance purchases must be made through the state-administered workers’ comp fund.
Most contracting businesses make use of light trucks, cargo vans, trailers, and heavy duty trucks at the jobsite. It’s important that every contractor purchase commercial auto insurance rather than personal auto insurance to properly protect these vehicles and protect the business from liability claims.
A contractor’s tools and equipment are always at risk for damage or theft. Contractors in all trades can depend on our Contractor Inland Marine policy to provide coverage for their tools and equipment and their employees’ personal tools. They may also use the policy to cover their “installation” risk.
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.