In the dynamic contracting world, having the right insurance isn’t just a safety net; it’s a cornerstone of your business’s success. At Connor Insurance Agency, we understand this, so we partner with carriers to provide you with tailored insurance solutions that cater specifically to your needs as a contractor.
Understanding Key Features of a Business Policy
Primary and Non-Contributory Coverage: This essential feature means that when a carrier insures you, they provide primary coverage that is not dependent on other policies you might have. It’s crucial for contractors who often work with multiple stakeholders and need clear, straightforward coverage.
Waiver of Subrogation: A waiver of subrogation is crucial in contracting jobs. It means that the carrier would not seek to recover costs from a third party in case of a claim, potentially avoiding disputes and maintaining harmony in your business relationships.
Coverage Highlights When Business Personal Property is Selected
Laptop Computers and Tech Equipment: In today’s digital age, contractors increasingly rely on technology. This covers your laptops and related tech, ensuring you’re always in action due to technical mishaps.
Money & Securities: As a contractor, handling transactions is part of your daily operations. The policy protects your financial assets against theft or loss, providing peace of mind.
Non-owned Detached Trailers: This coverage benefits contractors using rented or borrowed trailers. This ensures you’re covered, even when your business doesn’t own the equipment directly.
Available Optional Coverages
Contractors Enhancement Endorsements: Choose from three levels – Advantage, Plus, and Select – each offering escalating levels of protection and benefits, allowing you to tailor your policy according to your specific business needs.
Contractors Errors and Omissions Liability Coverage: This coverage protects you against claims arising from mistakes or oversights in your professional services, an essential safeguard in the contracting industry.
Pollution Liability – Designated Sites: For contractors working with materials that could impact the environment, this coverage provides essential protection against pollution-related claims.
Voluntary Property Damage: This feature offers peace of mind by covering accidental property damage that might occur during your operations, ensuring you can work without worry.
With comprehensive range of coverages and ease of application, you can focus on what you do best – building and creating. Connor Insurance Agency is committed to providing policies that protect and empower your contracting business.
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This blog post is intended for informational purposes only and is not a comprehensive guide to the coverage provided by a policy. The information provided does not alter or serve as a substitute for any insurance policy verbiage. Coverage specifics, including limitations and exclusions, are subject to the terms and conditions of the actual policy issued.
All insurance claims are subject to assessment and approval by a licensed insurance adjuster. Connor Insurance Agency and its representatives do not adjust claims. Policyholders are advised to consult with their individual policy documents and speak with a licensed insurance professional for detailed and personalized advice regarding their coverage and claims.
Insurance coverage cannot be bound, amended, or changed through this blog post or any other form of communication facilitated by Connor Insurance Agency. It is essential to discuss your specific needs and coverage details directly with a qualified insurance professional.