All You Need to Know About Contractors Business Insurance

Property Insurance: When it comes to insuring your commercial property, there are a number of solutions to help keep it protected. Popular options include business renter’s insurance and BOP insurance. These exist to protect your business property as well as the business assets stored there.

Inland Marine Insurance: Inland Marine Insurance provides protection for property that is currently under construction as well as the equipment used during construction. This includes equipment in transit, or in storage.

Cyber Risk Insurance: This coverage provides protection against data breaches and other cyber exposures such as viruses, cyber-theft, and other online illegal activity. 

Environmental and Contractors Professional Practice: This coverage protects contractors against professional and pollution liability risks resulting from professional acts, errors or omissions. Undisclosed pollution claims are extremely common and buying this coverage can protect you from it.  

Owners and Contractors Protective Liability: This coverage protects owners’ liability for ongoing operations performed by the designated contractor. This also includes claims against the owners’ own negligence.  

Railroad Protective Liability: This coverage is specific to contractors who perform work on or around railroad tracks, or on the premises of owned railroad property. 

Business income insurance: This coverage helps you recover lost income. If you are ever unable to open your business because of a loss covered by the policy—for example, a hurricane—this coverage can reimburse you. Business income insurance is also known as business interruption insurance. 

Commercial auto insurance:  This will protect you in the event of an accident that occurs when driving for your business. Hired and non-owned auto coverage will protect you if the car you drive for work is a rental.