North Dakota General Contractors Insurance

Fred is a North Dakota general contractor. General contractors can have employees or subcontract it work or both. He is efficient, and a perfectionist is making each job a masterpiece. Because he understands the importance we place on having quality workmanship. Fred had finished the remodeling project for a client.

Everything had come out excellent and perfect, as usual. The client could not have been happier. Fred got paid for a job well done, so he was upbeat, and the business continued. About three weeks later, Fred received a burdensome call from his client. The client stated that she had water damage. The damage was near the deck above. Fred being a good businessman, responded immediately. As it turns out, the deck flashing was not installed right. Fred called the subcontractor who installed the deck. He did not respond, and as it turns out, his insurance had expired. It expired shortly before the job started. It is a good thing Fred had an excellent General Contractors Insurance policy.  That policy was able to protect the damages he was liable for doing.

It seems a general contractor’s work is never done. Even upon completing a specific job, there will always be plenty more work to do. Sure, the project was completed. It is on time and budget. It looks great! But the liability that comes with this project keeps going, even after completed. General Contractors Insurance policies cover the jobs a contractor is working on. As well as protecting those completed jobs. This allows contractors to focus on the tasks at hand. It is letting them forget about potential liabilities down the road.

What is General Contractors Insurance?

General Contractor Insurance ND is not a single type of policy. It is a combination of commercial coverages.  These coverages offer your general contracting business protections against its unique risk factors. Many coverages can be added to your general contractors’ insurance. There are some industry-standard coverages that all general contractors should have.

Buy General Contractors Insurance Coverage for All Your North Dakota Business’s Needs

General contractors have more exposure and insurance needs. General Contractors need more than general liability insurance in most cases. Those needs include but are not limited to:

• Commercial General Liability Insurance:  Commercial general liability insurance offers coverage for third-party claims. Claims for bodily injury, property damage, advertising injury, and other losses.
• Commercial Property Insurance: Commercial property insurance offers coverage for your business’s building.  Along with the equipment, supplies, inventory, and other business property housed within it. This coverage protects against the damages or losses caused by a break-in. Also, acts of vandalism, fire, extreme weather event, and so on.
• Commercial Auto Insurance: Commercial auto insurance offers protection for company vehicles. Also, the employees that operate them. This policy offers bodily injury liability, property damage liability, and medical payments coverages.  This policy can also extend coverage to personal vehicles. Vehicles your employees operate for commercial purposes. But please beware that personal auto policies can exclude autos used in business. We are talking about autos carrying tools and materials.
• Workers Compensation Insurance: Workers’ compensation insurance is required if you have employees. This type of insurance offers coverage for injured employees or who become ill while on the job.  You should never pay a medical bill out of pocket. This would result in the insurance company having no defense.  No defense in turning down or disputing the claim.
• Surety Bonds: A surety bond is like a loan from a bank.  It must be repaid. They are client guarantees that your business can fulfill the terms of the job. But it also protects your clients against any liability or malpractice issues.  Issues that might arise because of your work.
• And many more!

The specific needs you have as a general contractor are unique. A General Contractors Insurance policy allows you to tailor the policy or policies.  Tailoring it fit your exact requirements. Giving you the coverage you desire at an affordable rate.

Contact North Dakota Contractors Insurance. Make sure you have the right coverage at the best price.

Do you have the right general liability? General liability insurance to cover your general contracting business? Most policies need to be more customized to fit your specific needs. It would be best if you had the full protection you desire.  To be sure, complete our quick quote form. Or give us a call at 952-222-8073.

We can review the policy you have now, making sure the coverage is adequate.  Then we can provide a no-hassle, free quote as an alternative. We are confident that our North Dakota insurance specialists can help you. Help you find affordable general contractors insurance. North Dakota Contractors Insurance can answer all your questions. Our dedicated team is eager to assist you and meet all your insurance needs.

We look forward to hearing from you!