MONDAY, JULY 12, 2021
Like any business, contracting companies have their own unique risks. From writing contracts for jobs to performing tasks with power tools, there are many things that could go wrong along the way. Even if your contracting business practices many safety protocols, there will always be risks lurking. Get the protection you need with the right insurance policies. Discuss the following (and additional) options with your independent insurance agent to build an appropriate insurance package for your business.

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Property: Your contracting business owns expensive tools, machinery and vehicles. Protect these physical assets from damage, fire, weather incidents and theft with commercial property coverage.
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General liability: If your employees damage a client’s property (intentionally or accidentally) or if a client becomes injured because of your actions in his/her home, your business can be held legally responsible. General liability coverage can fund the resulting expenses.
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Worker’s compensation: If workers are injured while on the job, they could incur costly medical bills and lost earnings if they must take time off to recover. Workers comp insurance can help fund these expenses so your staff can get the care they need.
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Surety bonds: Bonds are necessary for various types of construction jobs, especially in regards to government jobs. It helps ensure that your company will get the job done. If something should go wrong, the bond company can reimburse your client for financial losses.
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Commercial auto: Just like your personal car must be insured by law, so do your business’ vehicles. Commercial auto insurance options are similar to personal auto insurance, and can be discussed with your agent.
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Inland marine: Goods on the move and goods being warehoused need protection, just like materials and tools at a jobsite. Inland marine coverage protects items in various stages of transit.
Is your contracting business protected with the right coverage options?
Get the coverage you need. Call Geswein Insurance Agency at 614-389-2360 for more information on Powell contractors insurance.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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