Local Contractor Insurance in PA

As a local contractor in Pennsylvania, having the necessary insurance coverage is essential to help protect you and your business. With a contractor insurance policy, you can trust that any legal liabilities or losses that may occur during the course of doing business will be properly covered. Don’t let the cost of insurance for contractors be an obstacle; having the right protection can bring peace of mind at a minimal cost compared to not having it if something goes wrong. At Peterson Insurance, we understand you’re busy, which is why we aim to make finding affordable contractor insurance fast and easy.

An Independent Agency for Contractor’s Insurance in PA

As an independent insurance agency, we have the freedom to ensure you secure the best coverage at an affordable price, making your experience getting contractor insurance worry and hassle-free. We’ll shop your policy with multiple companies who specialize in contractor’s insurance in PA to find you the best coverage for your needs. Plus, we’ll work with you to keep you updated on the right coverage for your business, your tools and equipment, and your employees.

Who Needs Contractor Insurance in PA?

As a Pennsylvania contractor, you should take insurance seriously. Without it, you leave yourself significantly exposed to significant financial losses if an accident or mistake occurs on the job. There are several types of companies and individuals that benefit from contractor’s insurance, including:

• Painters
• Plumbers
• HVAC Technicians
• Construction Contractors
• Electricians
• Handymen
• General Contractors
• Concrete Contractors
• Landscapers
• Masonry Contractors
• Roofers
• And More!

If you’re not sure whether contractor’s insurance is right for you, reach out to us today to talk to one of our knowledgeable insurance agents to learn more.

What Does Contractor Insurance Cover?

Most contractors’ insurance policies provide either liability only coverage or liability coverage plus business insurance coverage. The additional coverages offer protection for loss of business income, equipment and tools coverage, and several other special coverage options such as the following:

• Voluntary Property Damage
• Employee Dishonesty
• Installation Coverage
• Contract Penalty
• Money and Securities
• Valuable Papers
• Forgery and Alteration
• Electronic Data Coverage
• Data Breaches

We can even work with you to implement risk control programs to help keep your costs down and identify and reduce common business risks.  It is also worth noting that most policies do not offer Contractor’s E&O Coverage (Errors and Omissions Coverage for claims made against faulty workmanship).  In order to secure this coverage you typically need to add it as an endorsement to your contractor’s business policy or purchase a separate policy just for contractor’s E&O coverage. This is one of the advantages to working with a local agent. Call our team at Peterson Insurance today in Havertown, PA and we can discuss these options and help you decide what you do and do not need for your Contractor’s Insurance Policy.

How Much is Contractor Insurance?

You know proper coverage is important, but how much is contractor insurance? The price depends on several factors, including whether or not you go with a general liability only policy or get a business policy with other coverages.  On average, insurance for contractors can range from $500 to $5,000 per year, depending on the coverage choices, size, and scope of your business. Some factors that will affect your rate include the type of work you do, how many employees you have, your location, and your claims loss history.

Call Peterson Insurance for Your FREE Contractor Insurance Quote Today!

As an independent insurance agency located in Havertown, PA, we can help you secure insurance for contractors from a reputable company at a price that works for you. Click to get a free contractor’s insurance quote, or call to speak directly with one of our local insurance agents to find affordable contractor’s insurance today!

For those interested in contractors Insurance, we also suggest looking into Commercial Auto Insurance, Business Umbrella Insurance, and Worker’s Compensation Insurance for additional coverage for your business.