A contractor needs specialized tools and equipment to get the job done. You can protect your tools and equipment as they travel to and from project sites with a special contractor insurance policy known as Inland Marine. Inland Marine insurance (also known as tools and equipment insurance) also protects the business technology and data that contractors use to build a modern business. The loss of your equipment could be devastating to your business, but tools and equipment insurance is there to protect your hardest-working assets.
Contractors and construction professionals face unique risks, and it takes a special kind of insurance to protect a construction business. Contractor insurance is there to cover all aspects of your business, from protecting workers to safeguarding your tools and equipment. Construction professionals and small artisan tradesmen who carry the right insurance coverage can worry less about risk, and focus on running their business.
What is Contractor Insurance?
Contractor insurance protects construction professionals from the pitfalls of a high-risk industry. Depending on your policies, contractor insurance is there as a safety net for accidents, and offers protection for business the business assets that help you get the job done. Contractors are often required to carry contractor insurance in order to work for certain entities or clients, and in certain states.