How can you locate the ideal contractor insurance provider for your company? Nearly 60% of contractor companies operate without insurance. And even for those who do, the coverage is not always adequate. Although safety measures lessen occurrences’ effects, they cannot be completely prevented. Being underinsured might result in fines for your company of up to $70,000.
Seven Advice from the Pros
Let me walk you through seven suggestions for choosing the finest general contractor insurance provider for your company.
1. Providing insurance at the lowest cost
Nobody likes to pay more than necessary. You want your contractor insurance company to provide you with affordable insurance. For instance, you need liability, property coverage, and workers’ compensation. You desire the finest protection at an affordable cost. When you choose the correct contractor insurance company, cheap insurance does not imply insufficient coverage.
2. Swift Quote Turnaround
Within seven days of receiving your information, your insurance provider should be able to offer you quotations from at least three distinct sources and activate your policy. The commencement of your project will be delayed due to slow turnover. Money is lost due to delays. By selecting the best contractor insurance provider, you may prevent these expensive delays and save money.
3. Examining Your Insurance Needs
Your company’s insurance needs should be reviewed by a reputable contractor insurance company. This will guarantee that the appropriate coverage is offered. For instance, you had six full-time employees when you began in May, but by July, you had two more part-time workers. Your insurance company ought to be able to assess your insurance requirements and modify your coverage to meet your company’s demands.
4. Giving guidance when you most need it
When you need it most, your insurance agent should offer assistance and support. For instance, you may be unsure of the kind of coverage you want and may have concerns about certain details. The ideal contractor insurance provider will give policy guidance and provide coverage that is specifically tailored to your company’s requirements.
5. Deals Specifically With Contractors’ Insurance
An insurance provider that specializes in Contractors Insurance is the best choice for you. For instance, among many other coverages, farmer brown insurance provides general liability, property, and commercial vehicle coverage. Dealing with the same business for all of your contractor insurance requirements is advantageous. For you, we may combine all insurance obligations into a single, manageable policy.
6. There Are Several Payment Methods Available
It’s helpful to have a range of financial and payment choices. You might be unable to utilize that service due to the limited payment options. This can cause you to pass on a fantastic insurance plan for your company. So that you can hold the finest plans that safeguard your company, you require an insurance provider with a variety of payment choices.
7. A History That Is Well-Known
An insurance provider like Farmer Brown Insurance has been in operation for more than 20 years for a reason. We have thousands of 5-star ratings, an A+ BBB rating, and 50-state licensing. You are gaining access to our expertise and knowledge in positive customer interactions.