Desmond Insurance
  • Home
  • About Our Agency
    • Staff Directory
    • Client Testimonials
    • Newsletter Signup
    • Insurance Carriers
    • Referrals >
      • C4C Referral Program >
        • 2025
        • 2024
        • 2023
        • 2022
        • 2021
        • 2020
      • About C4C
    • Privacy Policy
  • Services
    • Quotes
    • Business Insurance Renewal
    • Certificate of Insurance
    • Make a Payment
    • Education Event >
      • 05/13/2025- Medicare 101- Brass Key Coffee
      • 05/20/2025 - Medicare 101- Desmond Ins
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Personal Insurance
    • Home Insurance
    • Auto Insurance
    • Renters Insurance
    • Umbrella Insurance
    • Life Insurance
    • Medicare Supplement
    • Health Insurance
    • Disability Insurance
    • Long-Term Care >
      • Medicaid LTC Protection
    • Other
    • Financial
  • Business Insurance
    • Business Insurance
    • Workplace Benefits
    • Business Owner Planning
  • Blog
  • Contact
  • Home
  • About Our Agency
    • Staff Directory
    • Client Testimonials
    • Newsletter Signup
    • Insurance Carriers
    • Referrals >
      • C4C Referral Program >
        • 2025
        • 2024
        • 2023
        • 2022
        • 2021
        • 2020
      • About C4C
    • Privacy Policy
  • Services
    • Quotes
    • Business Insurance Renewal
    • Certificate of Insurance
    • Make a Payment
    • Education Event >
      • 05/13/2025- Medicare 101- Brass Key Coffee
      • 05/20/2025 - Medicare 101- Desmond Ins
    • Policy Changes
    • Proof of Insurance
    • Report a Claim
    • Update Contact Info
  • Personal Insurance
    • Home Insurance
    • Auto Insurance
    • Renters Insurance
    • Umbrella Insurance
    • Life Insurance
    • Medicare Supplement
    • Health Insurance
    • Disability Insurance
    • Long-Term Care >
      • Medicaid LTC Protection
    • Other
    • Financial
  • Business Insurance
    • Business Insurance
    • Workplace Benefits
    • Business Owner Planning
  • Blog
  • Contact

Desmond Insurance Blog

RSS Feed

5 Critical Insurance Considerations for Contractors and Trades

11/21/2019

0 Comments

 
Picture
​No business is ever immune to accidents. Contractors encounter accidents anytime. Thus, it is essential that you have the right insurance coverage and that you know well which things your coverage does not include. If you’re a contractor, you need to ask the right questions in order to make sure that you have the coverage that perfectly suits your business. 
Do You Need Commercial Vehicle Insurance?
If you’re using cars, vans, trucks, and heavy equipment for your business, then these will need commercial vehicle coverage. You need commercial vehicle insurance in order to adequately protect bodily injuries or damage to the property of third parties that you accidentally cause. Your commercial insurance for contractors and trades will not be enough to potential damage caused by heavy equipment or vehicles. 

Is Your Business Owners Policy Enough for Your Needs?
If you have a small contractor business, then a great option will be a business owners policy. However, it becomes the wrong choice for many if it's not sufficient. Your business owners policy covers property and liability risks and medical payments to people that encounter accidents in your property as well as property damage or loss and business income loss. However, a business owners policy does not include professional coverage or may not be enough to cover a big potential accident. In that case, you have to purchase bigger coverage.

Would an Umbrella Policy be Worth the Additional Cost?
Contractors often benefit from umbrella policies that increase coverage limits of several policies while giving you a chance to pay an affordable premium. If you think this is a practical choice, then go for an umbrella policy. It will provide you with more coverage than your General Liability Policy or your commercial business policy for contractors and trades.

Do You Have Protection for Your Tools and Equipment?
One of the most frequent types of loss to many tradesmen and contractors is the theft of tools and equipment. If you had very expensive tools stolen, they'd be very difficult to replace. If you don't have coverage for this, then you'd better buy commercial insurance for contractors and trades. Make sure too that the coverage should include a full replacement for equipment that you owned or rented.

Does Your Errors and Omissions Insurance Provide Enough Coverage?
Claims on errors and omissions can seriously damage your business, especially if you're a small contractor. Expect to pay thousands of dollars if a client claims negligence simply because one of your workers made a mistake or misjudgment. In that case, thoroughly review your Errors and Omissions policy or purchase commercial insurance for contractors and trades.

Some Final Words
Commercial insurance for contractors and trades will not only insure your tools and equipment but will also do the same to your business as well as to the damage done by your commercial vehicles. However, you should always check whether your business is getting enough coverage. 

At Desmond Insurance, we do our best in making sure that our clients are well-protected with affordable and comprehensive policies. We make sure to go the extra mile to help you with your needs. To learn more about how we can help you, please contact our agency at (859) 491-5100 or Click Here to request a free quote.
0 Comments



Leave a Reply.

    Contact Us

    (859) 491-5100​
    217 Fairfield Avenue
    Bellevue, KY 41073​
    Click Here to Email Us

    Archives

    June 2025
    May 2025
    April 2025
    March 2025
    February 2025
    January 2025
    December 2024
    November 2024
    October 2024
    September 2024
    August 2024
    July 2024
    June 2024
    May 2024
    April 2024
    March 2024
    February 2024
    January 2024
    December 2023
    November 2023
    October 2023
    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2017
    October 2017

    Categories

    All
    Auto Insurance
    Business Insurance
    Business Owner's Package (BOP) Insurance
    ​Commercial Package Policy
    ​Commercial Package Policy
    FAQs
    Financial
    Flood Insurance
    General Liability Insurance
    Home Insurance
    Insurance
    Local
    Safety
    Workers Compensation

    RSS Feed

Navigation

Homepage
Insurance Quotes
Policy Service
Insurance Products
Contact Us
Agent Login
Privacy Policy

Connect With Us

Share This Page

Contact Us

Desmond Insurance
217 Fairfield Avenue
Bellevue, KY 41073
(859) 491-5100​
Click Here to Email Us
Review Us

Location

Website by InsuranceSplash