Contractors Insurance
Contractors we have you covered
At Prosperity Insurance Partners, LLC, serving both St. Petersburg and surrounding areas, we understand the diverse risks that contractors face in the construction industry. Whether you're a general contractor, electrician, plumber, carpenter, HVAC specialist, or any other type of contractor, having the right insurance coverage is crucial for protecting your business, your employees, and your projects. We offer tailored contractors insurance solutions designed to provide the comprehensive protection you need to operate with confidence.
Key Insurance Coverages for Contractors:
The insurance needs of contractors can vary depending on the specific trade and the size of the projects undertaken. Here are some essential insurance coverages to consider:
General Liability Insurance: This is a fundamental coverage that protects your business from liability claims for bodily injury or property damage to third parties that may occur as a result of your work. This can include damage to a client's property during a renovation, injuries to bystanders at a job site, or accidents caused by your subcontractors.
Commercial Property Insurance: If you own or rent a physical business location, store tools, and equipment, or have an office space, commercial property insurance can protect these assets from damage due to covered perils like fire, wind, and theft.
Builders Risk Insurance (Course of Construction Insurance): This policy provides coverage for a specific construction project while it's underway. It can protect the building or structure under construction, as well as materials and equipment on-site, from damage due to covered events. This is often required by lenders or project owners.
Workers' Compensation Insurance: If you have employees, Florida law likely requires you to carry workers' compensation insurance. This coverage provides benefits to your employees who suffer work-related injuries or illnesses, helping to cover their medical expenses and lost wages.
Commercial Auto Insurance: If your contracting business owns or uses vehicles for transportation of tools, materials, or personnel, a dedicated commercial auto insurance policy is necessary. This provides coverage for accidents, liability, and physical damage to your company-owned vehicles.
Professional Liability Insurance (Errors & Omissions Insurance): If your contracting services involve design, consultation, or other professional advice that could lead to financial loss for a client due to an error or omission, professional liability insurance is essential.
Contractors Equipment Insurance (Inland Marine Insurance): This coverage protects your valuable tools and equipment, whether they are stored at your business location, in transit, or at a job site. It can cover losses due to theft, damage, or other covered perils.
Umbrella Insurance (Excess Liability): An umbrella policy provides an extra layer of liability protection above the limits of your other insurance policies, such as general liability and commercial auto. This can be crucial for larger projects or businesses with higher risk exposure.
Why Choose Prosperity Insurance Partners for Your Insurance?
At Prosperity Insurance Partners, LLC, with a local presence in both St. Petersburg and all of florida, we understand the specific challenges and insurance needs of contractors in our community. We'll work closely with you to assess your individual business operations, the types of projects you undertake, and your potential risks to develop a comprehensive and cost-effective insurance program tailored to your needs.
Protect your contracting business and your future. Contact O. Delores Nichols at Prosperity Insurance Partners, LLC today for a free, no-obligation insurance quote. Call us at 727-606-2702 or email us at info@prosperityinsurancepartners.com.
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