What is Contractor Insurance?

A contractor needs specialized tools and equipment to get the job done. You can protect your tools and equipment as they travel to and from project sites with a special contractor insurance policy known as Inland Marine. Inland Marine insurance (also known as tools and equipment insurance) also protects the business technology and data that contractors use to build a modern business. The loss of your equipment could be devastating to your business, but tools and equipment insurance is there to protect your hardest-working assets.

Contractors rely on their work vehicles to get the job done, but a personal auto policy won’t cover your auto if you are using it for your construction business. Commercial auto insurance provides coverage for the vehicles you and your employee use for work, and covers any autos titled by your business.

Construction professionals can extend their contractor insurance coverage with an umbrella and excess liability policy. With one affordable premium, umbrella insurance can increase your limits across multiple underlying insurance policies. If a claim on one of your insurance policies exceeded your limit, umbrella insurance can keep you from paying the difference out of your own pocket.