Contractor Insurance in Chicago and Illinois

Types of Contractors Insurance

1. General Liability Insurance
   This is the cornerstone of any contractor's insurance policy. It provides coverage for bodily injury or property damage caused by your business operations. Whether it's a slip-and-fall accident or accidental damage to a client's property, general liability insurance ensures you're not financially responsible for unforeseen events.
2. Workers’ Compensation Insurance
   Protect your employees with workers' compensation coverage, which provides medical benefits and wage replacement in case of job-related injuries or illnesses. It also protects your business from lawsuits related to employee injuries on the job.
3. Commercial Auto Insurance
   If you or your team uses vehicles for work purposes, commercial auto insurance is a must. It covers vehicles used for business purposes, including trucks, vans, and cars, protecting you against accidents, theft, and damage.
4. Contractor Equipment Insurance
   Tools and equipment are vital to any contractor’s operations. Equipment breakdown or theft can cause costly delays. With contractor equipment insurance, you can protect the tools and machinery that are central to your business.
5. Professional Liability Insurance
   As a contractor, mistakes or miscommunications can lead to financial damages. Professional liability insurance, also known as errors and omissions insurance, can help protect you if a client sues for negligence or poor performance related to your work.
6. Builders Risk Insurance
   Builders risk insurance protects buildings under construction against damage or loss due to various factors such as fire, vandalism, and weather events. This coverage is essential for contractors involved in large projects or those working on new constructions or major renovations.
7. Commercial Property Insurance
   Protect your business’s physical property, including office spaces, warehouses, and inventory. This policy covers damage caused by fire, theft, vandalism, or other covered risks.