Contractors Insurance in PA
Insurance is more than just another expense when you’re a contractor. When your business has the right coverage, you can have peace of mind knowing that your company is protected in the event of a serious accident, claim, or lawsuit.
That said, not all types of contractors insurance are the same. Before purchasing a policy, you should take the time to make sure that it has everything you need. At Affordable Contractors Insurance, we work with contractors exclusively, so we can help you find a custom policy that meets all your business needs in your specific area.
PA Contractor Insurance Requirements
In most areas of Pennsylvania, you’ll need at least two types of contractors insurance: general liability and workers’ compensation. Even in areas where insurance isn’t legally required, these two types of insurance should be considered an absolute must-have.
General liability protects your business if you cause injury (or other damage) to a non-employee.
For example, if you accidentally injure a customer while you’re working on their property, your insurance will cover your legal fees and the cost of any settlement a judge orders you to pay. Settlements alone are often $100,000 or more, and if you have no insurance, you’ll need to pay out of pocket.
The exact amount of liability insurance you need will depend on the type of contracting you do. Commercial roofing insurance in Pennsylvania usually has a higher policy limit, as most building owners require contractors to carry at least $2 million in total liability coverage. Residential roofing insurance policies typically have lower limits.
Workers’ compensation covers you if an employee is injured. Your insurance can pay for the injured person’s medical costs and lost income.
Workers’ compensation is important for your customers, too. Most customers will want to verify that you carry workers’ compensation insurance because, without it, an injured worker can file a claim against a customer’s homeowners insurance.
Other Types of Pennsylvania Contractors Insurance
If you want to protect your business against potential disaster, it’s wise to get a few other types of insurance as well. Here are some additional policies that contractors often choose:
- Commercial Auto Insurance: Covers you if your work vehicle causes an injury and pays for repairs if your work vehicle is damaged
- Tools and Equipment Coverage: Pays for repairs or replacements if your tools are damaged or lost
- Commercial Property Insurance: Covers any buildings you own
Knowing the exact types of insurance you need can be challenging. But at Affordable Contractors Insurance, we can help you understand the benefits and drawbacks of each type of coverage.
ACI: Your Guide to the Right Insurance
Whether you’re purchasing your first insurance policy or updating your current one, understanding the various types of contractors insurance in Pennsylvania can be difficult. Getting the wrong insurance policy can prove to be costly in the event of a claim.
Our expert agents are dedicated to helping you find the perfect insurance policy for your business. Once we know about your company, we’ll get to work creating a custom policy. We work hard to find you the best deals in PA, and after working with us, our customers usually save at least 15% on contractor insurance costs compared to our competitors.
Contact us for your free quote today.
