Insurance for Construction Companies in Texas
From Houston to San Antonio to Dallas, Texas seems to be constantly expanding. That’s great news for general contractors! But if you want to ensure that your business has many great years ahead, Texas general contractors insurance is a must.
At Affordable Contractors Insurance, our experts can help you choose an affordable policy that still protects your company against unforeseen circumstances.
Why Do You Need General Contracting Insurance in Texas?
Ideally, you’ll never need to use your insurance policy. But many contractors will make a mistake at some point or another.
Even if you make no mistakes, you may be unfortunate enough to have your tools stolen or your materials damaged. Here are a few instances when your Texas contractors insurance policy can save your business thousands of dollars:
- You accidentally injure a third party and that person files a claim against you
- A client alleges you performed faulty work and wants to recover damages
- Your work vehicle causes an accident
- Your tools are damaged on the job
- Your business’s warehouse is destroyed by a fire or a tornado
- Your materials are lost or damaged during transport
- An employee is injured and needs your company to pay for medical costs
Insurance is essential if you want to protect your business. But in many cases, it’s also required by law. Navigating legal requirements can be challenging, especially if you work in different areas. For example, insurance requirements in Austin may be different than those in Fort Worth.
How Do You Know What Kinds of Insurance You Need?
If you’ve begun researching insurance for construction companies in Texas, you already know that you can insure just about every part of your business. But between types of insurance and policy limits, knowing what kind of coverage you need can get confusing quickly.
As a general rule, every contractor should have general liability insurance and workers’ compensation insurance. General liability keeps you covered if a third party (like a client) claims you caused property damage or an injury. Workers’ compensation pays for medical costs and lost wages if an employee is hurt on the job.
However, in many cases, it’s also wise to insure your tools and equipment and purchase other types of coverage. That’s where our agents come in. At ACI, we’re experts when it comes to managing risk and keeping your business protected — all while keeping your bottom line in mind. Let us help you choose the right coverage.
Keep Your Business Safe with ACI
Many insurance companies work with businesses across multiple industries, and they may not understand the unique needs of contractors. That’s not the case with ACI. We work exclusively with contractors, so we’re familiar with the regulations you need to follow and the facets of your business you need to protect.
Our expert agents are familiar with the world of contracting and the world of insurance. As soon as we know a bit about your business, we’ll get to work finding affordable policies that meet your needs. Get in touch today for your free quote!
