Calling All Contractors! Do You Have The Right Insurance?
Contracting businesses come in all shapes and sizes, from large general contractors with hundreds of employees, to individual plumbers, electricians and bricklayers working from a home-based office. They all need insurance, and some need special coverage that doesn’t apply to other businesses. Learn more about insurance for contracting businesses, large and small.
Every business needs insurance, but your bricklaying and masonry business has unique coverage needs based on the kind of claims you are most likely to make. There are some things that can happen to any contracting business, like stolen tools and liability claims arising from injuries or damage that occurs on the work site. But what kinds of claims are most common for brick and masonry businesses like yours?
As with any trade, there are certain risks that come along with drywalling, and it’s critical for every drywall contractor to be aware of the risks, minimize them as much as possible, and get the right kind of insurance in place to protect the business if something bad happens.
As a carpenter, you may be subcontracted at various stages of a construction or renovation project to complete a number of different jobs, including building concrete forms, framing, installing doors and windows, and installing cabinets. You and your employees are skilled tradespeople with a commitment to do the job right.
Whether it’s forty degrees or forty below, your HVAC business keeps your customers cozy in Canada’s wildly varying climate. And in turn, you can rely on HVAC contractors insurance to turn down the heat on the financial risks that your business faces every day. (Yeah, it’s a bad pun, but we’ll make up for it by giving you valuable information, so please read on…)
So, you run your own business as a contractor and things are going well. You’re booked for weeks or months in advance and have a tonne of happy customers recommending you to their friends and family and others in the community.
Your floor installation business is in high demand. Homeowners know that nothing spruces up an older home or condo unit quite like a beautiful new hardwood or laminate floor. But there are also risks involved in installing flooring, and you need to be aware of what they are so that you can properly train your staff, keep your customers happy and keep your business insurance premiums under control.
Your painting business faces very different risks when compared to other contractors. Because you’re not cutting, nailing or screwing into walls and floors, the chances of accidentally doing damage to the property you’re working on is much lower.
Landscaping is a little different than most other contracting businesses. If you’re a roofer, plumber or drywaller, you’re working directly on a house or commercial building, so there’s a lot of opportunity for property damage claims.