Being a contractor in Murray, Riverton, Salt Lake City, Sandy, West Valley City, UT, and the surrounding areas is a rewarding career, but it also requires you to have the right contractors insurance to protect your business. Working with IMSC Insurance Offices will provide you with the opportunity to talk through the important aspects of your business as well as having the chance to get multiple quotes from different insurance companies for the various protections that you will need. What is important is to not fall into the trap of getting exactly the same kind of insurance that another contractor has. No two businesses, even contracting businesses are the same, and this means that the kinds of insurance as well as the coverage levels will be different for the different companies. Contact us today to review your business and what insurance coverages are appropriate for your situation.
Where To Start Your Insurance
Generally speaking, nearly every business will benefit from having generally liability insurance that help protect against bodily injury and property damage claims. But this is only the start of the insurance that you should consider having. Most contractors use a vehicle to get to and from the job site, as well as to transport needed materials along with their equipment and tools. These vehicles will need commercial vehicle insurance to be protected.
If you have any workers on your payroll, then you will need to have workers compensation insurance in place. And these few insurance coverages, while important, only cover some common aspects of contractors insurance. There may be other insurance coverages that pertain more specifically to your line of work.
Consider An Umbrella Policy
You have several different insurance policies in place, and they have good coverages, however you may still feel like you could be leaving yourself open to some financial pain if things really went south. This is where an umbrella policy might be worth looking into. Often these coverages start with a million dollars worth of additional coverage, and while you may think this is expensive, it isn’t too bad considering what it could cover. Peace of mind has a value to it, and the umbrella policy could be worth it.
Being in business means a lot of things to a lot of people in Murray, Riverton, Salt Lake City, Sandy, West Valley City, UT, and the surrounding areas, and having the right protection is important. Risk management is a big deal, and our team at IMSC Insurance Offices can help you mitigate the worst risk that you business many face. Contact us today to learn more.
