Contractor Insurance

Contractor Insurance


Itsel Rodriguez

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Contractors face unique and often dangerous risks everyday on the job. Whether you're an electrical, excavation or plumbing and HVAC contractor, you know that in a split second accidents can happen.

Because every business is different, commercial insurance solutions for contractors can range from a standard policy to a more thorough mix of coverages. The type of contracting business you own - such as masonry, landscaping or new construction- as well as its size and location will affect the types of insurance you may need.

We understand the risks contractors face every day and have developed commercial insurance solutions to help meet your varied needs.

Who needs contractors insurance?

To protect yourself and your business from work-related accidents, it is recommended the following contractors carry contractors insurance:

  • Electricians
  • Plumbers
  • HVAC contractors
  • Carpenters
  • Construction workers
  • Painters
  • Landscapers

Core coverages

General liability
Helps cover medical expenses and legal fees you incur while defending against a lawsuit from a covered event.

Property in transit
Covers mobile machinery and equipment in any location or while in transit.

Contractors equipment
Protect your valuable electrician tools and machinery against damage while on the job. Common tools include those used in construction, landscaping and engineering, such as compressors, pumps, saws and other portable equipment.

Employee dishonesty
Get coverage to help recover losses from employee theft.

Equipment leased or rented from others
Protect equipment that you have rented or leased for your electrical contracting business, such as forklifts and backhoes.

Optional enhancements & endorsements

We offer coverage enhancements and endorsements to address risks unique to your industry, including:

  • Contractors errors and omissions
  • Numerous additional insured endorsement
  • Expanded property damage
  • Limited pollution coverage
  • Waiver of subrogation
  • Pre-project aggregate limit

We also have many different types of construction bonds, such as:

  • City/State contractor's license bonds
  • Business services
  • Fidelity coverage
  • Bid bonds
  • Performance and payment bond


What does builder's risk insurance cover?

Builder's risk insurance covers the costs of repairing an unfinished structure or replacing building materials when weather, fire, vandalism, or theft hits a construction site.

Builder's risk insurance provides coverage for:

Structural damage from weather

Fire damage


On-site theft

Structural damage from weather
Builder's risk insurance covers the cost of damage caused by non-severe weather events, such as wind, rain, and hail.

Example: Freezing rain damages the lumber on a construction site. The carpenter is responsible for replacing it, so he turns to his builder's risk insurance to cover the cost.

Fire damage
A fire at a construction site could severely damage building materials or an unfinished structure. Builder's risk insurance covers the cost of replacing or repairing items damaged by fire.

Example: A fire sweeps through a construction site, scorching the siding of an unfinished building. To replace the siding, the general contractor makes a builder's risk insurance claim.

A vandal can set a construction project back months by breaking windows, destroying fixtures, and spray painting walls. If your construction site is vandalized, builder's risk insurance can reimburse you for the damage so you can continue working on the project.

Example: A vandal pulls the electrical wiring from an unfinished building, forcing the electrician to rewire the entire structure. The electrician's builder's risk policy helps cover the repair costs.

On-site theft
Because construction sites are often left unguarded, they are a common target for thieves. Builder's risk insurance can help compensate you for stolen materials.

Example: A thief breaks into a construction site and makes off with thousands of dollars' worth of copper pipes. The plumber uses builder's risk insurance to replace the pipes.

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2538 S. California Ave.
Chicago, IL 60608