Contractor Insurance Services
Flock Insurance specializes in providing contractors general liability insurance and other coverages vital to contractors including builders risk insurance, commercial auto coverage, and insurance for tools and equipment. Contractors Insurance can be very confusing at times, so we are here to assist you through the process of selecting the right coverage from the right company. We have many companies to find you the best possible coverage at an affordable price. We have many years in the construction insurance industry to enable us to evaluate your risk and solve the coverage needs of your construction company.
General Liability Insurance
This liability insurance will protect you from most claims that would arise from your liability for accidental property and /or bodily injury due to your negligence \This includes the activity of running a business and the type of accidents that would occur at a job site. General liability however does not provide coverage for poor or shoddy workmanship .
Tools and Equipment
Hand tools are normally covered on a blanket basis with no list or schedule. The usual coverage is for any one tool to have no more than $500 in value, with the total limit on the tools usually either $5000 or $10,000. Equipment Insurance will protect your larger tools and equipment such as welders, generators, nail guns, lifts, backhoes, skidsteers and other expensive portable equipment. These items are usually scheduled with a description, serial number and a set value and carry a deductible of usually $100 to $500
Builders Risk - C.O.C (Course of Construction)
Physical damage insurance for property under construction. Lenders will require it before issuing construction financing. They will usually require this coverage before funding remodeling projects as well and some policies can be endorsed to include the structure being remodeled also.
Contractors are responsible for providing this coverage for employees but may also have the exposure because of subcontractors who have not provided workers' compensation insurance for their employees. This exposure can be avoided by insisting that subcontractors carry appropriate workers' compensation insurance.
Business Auto Insurance
Personal auto policies exclude autos used for Commercial and Business purposes and would therefore require coverage on a policy designed for such use. If you use your automobile in business be sure you have the right policy and coverage is not excluded.
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