Are you looking to keep your construction business in Washington covered without breaking the bank? With Fairbanks Insurance Brokers, finding cheap and reliable insurance is as smooth as slicing warm butter with a chop saw. Let’s break down Washington Construction Insurance, why it’s essential, and how to get started with affordable coverage that meets state requirements.

What is Washington Construction Insurance?

Washington Construction Insurance (also known as Washington Contractors Insurance) protects your business from unforeseen incidents like property damage or third-party injuries. This includes General Liability Insurance and a Washington Contractor Surety Bond to keep your business running legally.

Why is Construction Insurance So Important?

Whether it’s a piece of equipment breaking down or an accidental injury on the job, construction comes with significant risks. Washington Construction Insurance keeps your business financially protected and legally compliant so you can focus on getting the job done without worry.

General Contractors Insurance Requirements

General contractors in Washington must meet these requirements, per Washington Labor and Industries (L&I):

• General Liability Insurance: Minimum of $250,000 for bodily injury or property damage.
• Contractor License Bond: You’ll need a $30,000 bond to legally operate.

Specialty Contractor License Requirements

Specialty contractors have similar requirements, but with slightly lower limits:

• General Liability Insurance: Minimum coverage of $250,000.
• Contractor License Bond: You’ll need a $15,000 bond to stay compliant.

Without these, you risk fines and license suspension, which can seriously stall your business. Moreover, in the event of an accident or damage, you could be held liable, potentially leading to financial ruin. Don’t let this happen to your business. Invest in Washington Construction Insurance today.

* All Washington Contractors are encouraged to visit the Washington State Department of Labor and Industries (L&I) to review licensing prerequisites before commencing operations.

Common Questions About Washington Construction Insurance

1. What is an Additional Insured?
   An additional insured is someone added to your policy, usually at the request of a client or project owner, to extend coverage to them for certain liabilities.

2. What is the Certificate of Insurance (Acord 25)?
   This is a standardized form that proves you have insurance. Clients or contractors often require it before starting a project to confirm that coverage is active.

3. Do I need insurance even if I work alone?
   Yes! General liability insurance is still required to protect you from third-party claims, accidents, or damages.

4. How do I file a claim?
   If you ever need to file a claim, remember that you’re not alone. Contact your insurance provider with all the necessary details about the incident. Quick reporting can help expedite the process, and we’re here to guide you every step of the way.

5. How can I get a fast quote?
   Wondering about Washington contractors’ insurance costs? Worry not—Fairbanks Insurance Brokers has been saving Washington builders and tradesmen up to 65% or more on contractor liability insurance and license bonds for over a decade. You can either call us at (866) 805-3800 or visit our website for a FREE online quote! It’s quick, easy, and puts you in the driver’s seat when it comes to your insurance decisions.

Reach a Washington Contractor Insurance Specialist

Need more info or a quick quote? Contact one of our Washington contractor insurance specialists for fast, reliable assistance.

📞 Phone: (866) 805-3800
📧 Email: info@contractorsinsurancecompany.com
🌐 Website: www.contractorsinsurancecompany.com
⏰ Hours: Mon-Fri, 9 AM – 5 PM

Fairbanks Insurance Brokers – Washington’s’ Ultimate Source for Discount Contractors Insurance!