North Dakota Independent Contactors Insurance
John is an experienced independent contractor. He great pride in his work. Because he understands the value we place on having a job done well. John happened to do remodeling work. Remodeling kitchens, bathrooms, and finishing basements. John was remodeling a porch and was using turbo tube heaters to help dig out the old footings. Plastic was enclosing the area to keep the heat in, warming the cold earth. He stepped away to make a phone call in his truck. The plastic caught on fire! It was out of control. The drywaller inside ran out of the house on his stilts. He was lucky. Luckily, John had an excellent Independent Contractors Insurance policy. General liability pays for bodily injury and property damage. The insurance company paid $78,000 in damages.
An independent contractor’s job is never done. Even upon completing a remodeling project, there will always be lots more work to do. Sure, everything was perfect when done. The clients were happy, and you got paid. Everything worked out great! But the liability that comes with this job keeps going, even after completed. Independent Contractors Insurance policies cover the jobs you are working on. As well as protecting those completed jobs. This allows independent contractors to focus on the tasks at hand. It was letting them forget about potential liabilities down the road.
What is Independent Contractors Insurance?
Independent Contractors Insurance is not a single type of policy. It is a combination of commercial coverages. These coverages offer your independent contracting business protection against its unique risk factors. Many coverages can be added to your independent contractors’ insurance. There are some industry-standard coverages that all independent contractors should have.
Buy Independent Contractors Insurance Coverage for All Your North Dakota Business’s Needs
Contractors have more general insurance needs. Contractors Insurance policies can address then needs as well. 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 those 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. I 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 contractor are unique. An Independent Contractor 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 policy to cover your 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 independent 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!
