Business Owners Insurance for Contractors
Business Owners insurance (also known as a Business Owners Policy or BOP) for contractors protects you from a variety of risks on a job site. Business Owners insurance for contractors can be customized to your unique business liability insurance needs, whether you need the basic coverages required by a contractual agreement or a more comprehensive business insurance package. Now you can get Business Owners Insurance through the Progressive Commercial AdvantageSM program.
You'll receive a Package Discount up to 15 percent on your commercial auto insurance premium if you have both a Business Auto Policy with Progressive and an active Business Owners Policy.
Who Needs Business Owners Insurance for Contractors?
As a contractor, you are generally required to carry liability insurance that will extend to protect the interest of the property owner or the site general contractor, in case property damage or injuries take place at your job site.
Business Owners Insurance Basics for Contractors
A Business Owners Policy for contractors includes the following basic coverages:
- Contractors Liability - Provides protection if you cause bodily injury, property damage, or personal injury on a job site up to a certain limit.
Example: One of your employees accidentally damages the plumbing in a building and causes water damage.
- Blanket additional insured coverage - When required by contractual agreements, your liability coverage extends to protect the interests of the property owner during a construction project.
Optional Business Owners Insurance Coverages for Contractors
In addition to basic Business Owners Policy coverages for contractors, you can purchase additional coverages to provide more comprehensive business liability insurance coverage for your business. These coverages can include:
- Limited property of others liability, including "faulty workmanship."
- Short-term pollution from pollutants at job site.
- Building and business personal property at replacement cost.
- Business income and extra expense when property is insured
- And more...
Coverage for tools, equipment and building supplies is also available for contractors. It provides coverage for owned, leased, rented or borrowed equipment, replacement cost coverage on contractor's tools, and installation coverage.
Business Liability Insurance Availability
Call us at 1-888-814-0867 today to learn more about a Business Owners Policy for contractors and to get a free quote. Business liability insurance for contractors may not be available in all states and situations.
Disclaimer
Business Owners Policies purchased through the Progressive Commercial Advantage program are underwritten by a leading Business Owners insurance carrier. The carrier is a valued business associate that is not affiliated with Progressive, and is solely responsible for claims under insurance policies it issues. Certain Progressive companies may be compensated as licensed agencies for performing services on behalf of the Business Owners insurance carrier.
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