Contractor Business Insurance

Contractor Business Insurance

Protecting job sites, equipment, and completed work

Contractors face constant exposure to property damage, job site injuries, equipment loss, and liability claims. Whether working on residential, commercial, or industrial projects, construction operations involve multiple parties, heavy equipment, and changing job site conditions. A single accident, defective installation, or injury claim can result in costly lawsuits or project delays.

Properly structured insurance helps protect your business, your contracts, and your ability to continue working.

Key Risks in Contractor Operations

Contractors face exposure related to:

• Job site injuries or third-party damage

• Damage to buildings under construction

• Faulty workmanship allegations

• Tool and equipment theft

• Employee injuries

• Subcontractor liability

• Contract and insurance requirement disputes

Losses can occur even when work is performed correctly.

Core Coverages for Contractors

Contractor insurance programs typically include:

General Liability
Protects against bodily injury and property damage claims arising from construction operations.

Workers Compensation
Provides coverage for employee injuries and workplace accidents as required by law.

Commercial Auto
Covers vehicles used for business, including trucks, vans, and job site transport.

Inland Marine / Equipment Coverage
Protects tools, machinery, and equipment at job sites or in transit.

Builders Risk (when applicable)
Covers buildings under construction, renovation, or installation.

Umbrella / Excess Liability
Provides additional limits for large construction-related claims.

Contractor Pollution / Professional Liability (when needed)
Covers environmental exposure or design / consulting-related claims.

What’s Commonly Overlooked

Contractor insurance programs are often weakened by:

• Incorrect class codes

• Missing additional insured endorsements

• Inadequate liability limits for contracts

• No coverage for subcontractor exposure

• Underinsured equipment values

• Gaps between liability and builders risk policies

These issues often surface only after a claim or contract review.

Real-World Claim Examples

• A worker damages a client’s property

• A tool trailer is stolen from a job site

• Faulty installation leads to a lawsuit

• A subcontractor causes injury to a third party

• A storm damages a project under construction

Even one claim can stop work or violate contract requirements.

Why Proper Placement Matters

Contractor coverage varies significantly based on:

• Trade or specialty

• Project size and type

• Use of subcontractors

• Contractual insurance requirements

• State licensing rules

• Job site exposure

Improper placement can lead to denied claims or inability to meet contract requirements.

Our Approach

At Cory Washington & Co., we structure contractor insurance programs based on the type of work you perform, the contracts you sign, and the projects you take on. We coordinate liability, equipment, auto, and builders risk coverage to ensure your protection matches real job site exposure.

Contractors need insurance built for the way construction actually works.