General Contractors Insurance Near Utah
You’ve worked hard to build your construction company from the ground up. But in today’s world, all it takes is a single claim of injury or negligence to financially ruin a business.
Fortunately, there’s a way to keep your company protected. When you get a Utah contractors insurance policy from Affordable Contractors Insurance, you can rest assured that your business will stay protected with one low monthly premium.
What Is General Contracting Insurance in Utah?
When you purchase insurance for a car, you’re paying for liability coverage that protects you financially if you cause an accident. Depending on your policy, you may also have coverage that protects your vehicle if it is damaged or stolen.
Insurance for contractors works similarly. Liability coverage can pay costs associated with any damage you cause (or any damage that a third party claims you caused).
You can also choose other types of insurance depending on your risk tolerance and your business’s needs.
For example, if you frequently ship building materials, you may choose to get inland marine insurance, a type of coverage that protects materials transported over land. If you regularly use expensive tools or pieces of equipment, you may choose to insure them in case of theft, loss, or damage.
As you may already know, you can choose to insure just about every part of your business. ACI’s insurance agents can help you choose which types of Utah general contractors insurance policies you need.
What Kinds of Insurance Do I Need?
Whether you mostly work in Salt Lake City, West Valley City, West Jordan, or a smaller area, you’ll likely need at least two types of insurance: workers’ compensation and general liability.
Workers’ compensation covers employee injuries, but general liability policies are much broader. Your policy may cover the following:
- Injury to third parties (not employees — employees are covered separately through workers’ compensation insurance)
- Property damage caused by you or your employees
- Damage as a result of work you performed
- Advertising injury (libel or copyright infringement in your advertising campaigns)
Like many other types of insurance policies, most general liability policies for contractors come with add-ons.
You can usually add coverage for your tools and equipment — this coverage will pay for repairs or replacements if needed. If you keep customer records online, a data breach add-on can protect you from the financial consequences that come with a leak of online records.
Understanding what a given liability policy covers and doesn’t cover can be very confusing. Fortunately, ACI’s expert agents will explain each policy option and help you choose the best one for your business.
Find the Best Insurance for Construction Companies in Utah
At Affordable Contractors Insurance, we take pride in insuring contractors across Utah — from Provo to St. George. Thanks to our industry-specific knowledge, we’ll be able to help you choose a policy that keeps you protected while working within your budget.
We only insure contractors, so we can take a close look at your business and help you determine exactly what kind of coverage you need. Ready to get started? Contact us for your free quote today.
