Contractors Insurance in La Habra, CA

As a contractor, your clients and customers rely on you to be dependable and consistent. However, even the most skilled and meticulous professionals may be unable to avoid all mishaps. Furthermore, conditions beyond your control, such as severe weather and crime, may also impact your ability to deliver as planned. Given these unfortunate inevitabilities, responsible contractors should cultivate appropriate loss control measures by understanding the ins and outs of contractors insurance.

How Does Contractors Insurance Work?

Many types of contractors may operate in various subsectors and perform specialized duties. Even general contractors that might outwardly appear to have similar operations must account for unique circumstances when considering risk management.

That’s why contractors insurance often needs to be assembled and tailored to suit the specific details of your business. An adequate coverage portfolio may often combine several separate types of policies to ensure appropriate financial protection.

Still, while exact coverage needs may vary, several types of insurance may apply to most contractors’ needs. When making selections, consider prioritizing the following:

• General liability insurance

• Errors and omissions insurance

• Business interruption insurance

• Commercial property insurance

• Builders risk insurance

• Workers’ compensation insurance

• Commercial auto insurance

• Inland marine insurance

• Cyber liability insurance

• Commercial umbrella insurance

How Much Does Coverage Cost?

Considering how unique your insurance needs may be, it should come as no surprise that premiums for contractors insurance can also vary significantly. Still, most carriers may consider several of the same factors when calculating quotes, such as the following:

• Contracting services offered

• Years in business

• Location

• Number of employees

• Value of insured assets

• Estimated annual revenue

• Claims history

• Coverage details (e.g., endorsements, limits and deductibles)

Learn More

Contact DRD Insurance Agency today for a quote for the right contractors insurance coverage.