As a contractor, you face a variety of unique exposures, from causing accidental damage to a client’s property to someone stealing your tools and/or equipment. Fortunately, there are several types of insurance coverage that will protect you and your company from these kinds of losses. When it comes to securing comprehensive New Hampshire contractors insurance, it’s important to consider the following types of coverage:
General Liability Insurance – This type of coverage will protect you from most claims arising from day to day activities, including accidents that occur at a job site.
Workers’ Compensation Insurance – As a business owner in New Hampshire, you are required to provide workers’ comp insurance to your employees. As a contractor, you also have to worry about subcontractors failing to provide this type of coverage for their employees. Eliminate this risk by requiring that all subcontractors carry adequate workers’ comp insurance.
Tools and Equipment Insurance/Inland Marine Insurance – Tools and equipment insurance, also referred to as inland marine insurance, will provide coverage for your valuable portable tools. Hand tools valued at less than $500 are typically covered under a blanket limit, such as $50,000, while larger, more expensive tools and equipment like generators and jackhammers are usually scheduled, or added to your policy, separately.
Commercial Auto Insurance – Does your contracting company operate its own vehicles? If so, make sure you obtain commercial auto insurance, as your personal auto policy will not provide coverage for vehicles used for commercial purposes.
Builders Risk Insurance – This type of coverage is specifically designed to cover property during the course of construction, which includes renovation and repair. Many lenders will require builders risk insurance before providing financing for the construction project.
One contractor’s insurance needs will not be identical to the next, which is why it’s wise to work with an independent insurance agent who will take the time to learn about the unique exposures you face, and custom design coverage that will fully protect you. At Eaton & Berube, our agents have been helping contractors secure affordable and dependable insurance coverage for more than 70 years. In addition to Nashua where our office is located, we are pleased to provide contractors insurance in Hudson, Hollis, Brookline, Litchfield, Amherst, Merrimack, Milford, Bedford, Manchester, Concord, Goffstown, Derry, Salem, Londonderry, Windham, Wilton, Mont Vernon, and all of New Hampshire.
If you’re looking for contractors insurance in New Hampshire, you can count on Eaton & Berube to custom design a policy for your business that will have you covered at all costs. We can cover all types of contractors, including but not limited to independent contractors, general contractors, subcontractors, plumbers, electricians, painters, and carpenters. To get a free New Hampshire contractors insurance quote, please call us today at 800-660-5362 or submit our online quote request form.