The Essence of Commercial Insurance for Contractors and Trades

​For your business to thrive, you must stick to your plan: creating a strong structure, managing people, maintaining resources, developing your operations, and protecting your business. For your utmost convenience, there one thing designed for contractors and people involved in the trade — Commercial Insurance. Continue reading this article to realize its essence in your business. 

​Who Needs Commercial Insurance?
Commercial insurance is vital to both employers and employees. It’s a necessity to be obtained by independent tradespersons, subcontractors, and contractors like:
construction worker

• plumber
• carpenter
• electrician
• landscaper
• handyman
• painter
• and, more
  
  

Understanding the Contractor’s Insurance
The contractor’s insurance policy is a type of commercial insurance. Most employers require their workers to have it before they can start doing the job. This is an assurance to safeguard oneself in case of work-related casualties, even if the person doesn’t contractually need coverage. 

Contractor’s insurance cost will depend on the kind of work that’s involved in your specific trade. For instance, an electrician is exposed to dangers like electrocution, setting up wires on high areas, and the like. 

Protecting Your Business
Acquiring a commercial insurance plan is protecting your livelihood with proper coverage. You’ll be confident in case your business is threatened. This is your means to safeguard your business against things like lawsuits and other liabilities. In looking for an insurer, choose the one that offers packaged options so that you can make your insurance acquisition as smooth as possible. The two basic insurance policies linked to construction works and trades are:

• General Liability: This is a must-have policy if your business is accountable for things like a faulty work, a possibility of injuring people, or destroying property.
• Commercial Auto: This one works best for safeguarding the vehicles you use for carrying tools and other contractor resources. Most policyholders include covering attached equipment like a built-in toolbox or a ladder rack.
  
  

Research First Before You Buy Insurance
Through a wide range of insurance options on the market, it’s critical to do thorough research before purchasing an insurance premium. By consulting a licensed insurance agent, you’ll receive the needed information to protect your source of revenue. Plus, you’ll be guided to pick the right package that fits the business that you have built.

One More Thing Before You Go
To maintain a sustainable business, your preparation and vigilance are the two most important aspects to consider. For ultimate protection, obtain the essential commercial insurance package for your business. 

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.