Every business is different and contractor’s insurance in Suffolk County NY can range from standard policies to a more complex mix of coverage. The actual type of contracting business that you own, such as HVAC, plumbing, excavation or electrical, in addition to the location and size will affect the different types of insurance that you may need.
This means that you need to carefully consider the various types of contractor’s insurance in Suffolk County NY that are available and then select the ones that most apply to your type of business. Some of the most common types of coverages that will complement a basic package are highlighted here.
Property and Outdoor Sign Insurance Coverage
This type of coverage added to your contractor’s policy will protect the actual building you operate out of, as well as the contents if any type of fire, burst water pipe or other covered event takes place.
Coverage for Medical Payments and Business Liability
This type of coverage will protect you in the event that a customer is injured while on your property or work site. You can be held responsible for liability or medical expenses that occur and this type of insurance will ensure that your business is not ruined due to the incident.
Commercial Automobile Insurance
This helps to pay for any claim that results due to an employee accident while they are driving a company automobile, or even while they are on the clock.
Workers Compensation Coverage
This allows you to protect the individuals who work for your. This type of insurance coverage will pay for any needed medical treatment, lost wages and help to protect your business, as well as its assets, if you have an employee who suffers a significant or more serious type of injury.
If you have a contracting business, of any type, then you need Contractor’s Insurance. This will protect you, your business and your employees, providing you with peace of mind that if something does happen, you are covered. Be sure that you have ample coverage, which will help to ensure the longevity and profitability of your entire contracting business.