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Home » Contractors Insurance in San Antonio, TX

Contractors Insurance in San Antonio, TX

Contractors insurance offers crucial financial security and peace of mind to contractors and their clients. By acquiring a well-rounded insurance portfolio, contractors can confidently safeguard their business operations and fulfill contractual obligations.

What Is Contractors Insurance?

Contractors insurance typically pertains to tailored insurance coverage crafted for contractors and construction professionals. It serves as a means to offer financial protection against potential lawsuits, property damage and bodily injury claims arising from accidents or errors occurring on the job site.

What Does Contractor Insurance Cover?

The following are common types of coverage included in contractors insurance:

  • Contractor liability insurance can safeguard contractors against third-party claims involving bodily injury, property damage or personal injury arising from their work or operations. It may cover legal fees, third-party medical expenses, settlements or judgments resulting from such claims.
  • Workers’ compensation insurance can provide benefits to employees facing work-related injuries or illnesses. This coverage includes medical expenses, lost wages, disability benefits and rehabilitation costs. It also offers protection to employers against lawsuits filed by injured employees.
  • Property insurance can protect physical structures, such as buildings and garages, from risks like fire, theft, vandalism or severe weather. It can assist in covering the costs associated with repairs or replacement.
  • Contractors equipment floater insurance may cover tools and moveable equipment from damage, theft or loss.
  • Builders risk coverage is geared toward construction projects in progress. It can provide coverage for damage to the structure, materials and equipment caused by risks such as fire, vandalism, theft or severe weather.
  • Professional liability insurance may help protect contractors who provide professional services or advice. It may cover claims of negligence, errors or omissions in the design, project management or consulting services provided.

Who Needs Contractor Insurance?

The following are some examples of individuals and businesses that typically require contractors insurance:

  • General contractors
  • Subcontractors
  • Specialty contractors
  • Construction managers
  • Design professionals (e.g., architects and engineers)
  • Independent contractors
  • Residential and commercial builders
  • Artisan contractors

Contact American Eagle Insurance & Tax Insurance to learn more about contractors insurance. We will work with you to customize coverage, limits, endorsements and exclusions to fit your operation-specific risk exposures.