The Bureau of Labor Statistics ranks construction work as the tenth most dangerous occupation. Construction sites are considered one of the most dangerous places to work. These statistics do not speak to the liability contractors could potentially face from employees and customers if they do not have contractors insurance.With so much at stake, construction workers need to have an agent that fully understands your work. Affordable Contractors Insurance agents do.
Risk Management
Recently, J.D. Powers and RIMS surveyed risk-management experts at large commercial businesses. According to the findings of J.D Powers and RIMS, the risk management experts surveyed, cited three top key performance indicators (KPIs) that they seek in an insurance agent. These KPIs for an insurance agent included risk-reduction strategies, communication (positive interactions) and price.
Risk Reduction Strategies
Your contractors insurance is a major piece of your risk reduction strategies. However, for your contractors insurance to work to its full extent, you need to have an agent, who knows how complex your business insurance needs are. Affordable Contractors Insurance agents understand your complex business insurance needs because they specialize in providing contractors insurance. Because they specialize in contractors insurance, their agents are able to provide precise solutions to your needs and affordable insurance coverage you can count on.
Workers Compensation
Workers compensation is a significant part of your contractors insurance.This policy picks up the cost of medical expenses and lost wages for your injured workers. Workers compensation also frees you from being sued by your employees. It also frees your customers from any liability for your workers,who are injured while on their property. Your Affordable Contractors Insurance agent can tailor your policy to reduce your specific risks.
General Liability
General liability is another significant part of your contractors insurance. General liability protects you when you cause property damage, bodily injury, personal injury and advertising injury to a third party like a customer or competitor. It’s must-have insurance for a contractor because it offers so many protections for your business. Your Affordable Contractors Insurance agent will walk you through the process of determining, which coverage you need to have to minimize your risks.
Communication
Affordable Contractors Insurance will always put you through to a live agent. That agent will answer any questions that you have about your contractors insurance. Your agent will be there when you sign up and when you file a claim. Affordable Contractors Insurance takes pride in its customer service, which has brought about a 96% customer retention rate.
Price
There is no set price for contractors insurance. The cost of the contractors insurance depends on the level of coverage you choose. If you choose two million dollars worth of coverage, it will cost more than million dollars worth. The cost of your insurance also depends on the type of work you do, your payroll expenses and gross receipts. Your Affordable Contractors Insurance agent will help you navigate the complicated path of premiums costs. He will help you to figure out dollar amount that you need for coverage. He will also help select the coverage you need and eliminate the coverage you don’t need.
