It's possible to find cheap general liability insurance for contractors, but there's one thing to keep in mind: You can't get cheaper rates from all companies in every industry. But there are some companies that are willing to offer great rates to contractors if you're willing to compare their policies. Among these companies are CyberPolicy, Hiscox, Thimble, and Travelers. These companies all offer great rates to small contractors, but they aren't the cheapest.
CyberPolicy
If you're looking for cheap general liability insurance for contractors, you've come to the right place. CyberPolicy is an online quote comparison service that partners with top-rated insurers and offers discounts when you bundle several policies with one company. CyberPolicy policies start at only $20 a month or $240 a year, and you can bundle multiple policies for one low price. While CyberPolicy is a broker, your premium goes straight to the insurer. In the event of a claim, the insurer may charge you for policy servicing, certificates of insurance, and endorsements.
Hiscox
Getting Hiscox cheap general liability insurance for contractors can be a great way to protect yourself against costly lawsuits. The policy covers professional services, negligent design, engineering, construction management, and mold and debris cleanup. It also covers pollution liability arising from construction operations. You can also purchase additional coverage for pollution liability, including emergency response expenses and costs of storing and transporting pollutants. However, if you do not have enough coverage, you may end up with less than satisfactory coverage.
Thimble
If you're a contractor, Thimble's cheap general liability insurance for contractors policy will protect your business from claims arising from on-the-job incidents. However, it's important to note that the policy will only cover certain types of work - alarm system monitoring, crib and bunk bed assembly, and foundation work. Other excluded services include LPG connections, pool construction, street work, hazardous waste removal, and construction of a swimming pool.
Travelers
If you work as a contractor, you may be wondering about Travelers' General Liability insurance for contractors. This policy combines liability and commercial property insurance. Additionally, the policy often includes optional coverage for cyber liability and data breach. Travelers also offers coverage for contractor's equipment and non-owned vehicles. The policy has several industry-specific sections, and it's important to know which of these coverages are relevant to your industry.
Utica First
For over a century, Utica First has been providing superior insurance protection for businesses in the Northeast U.S. As an "A+" rated regional insurance company, the company offers an excellent level of protection for your business. As a member of the Better Business Bureau, the company has a proud history of quality customer service and is backed by a solid financial track record. You can feel confident choosing Utica First for your contractor insurance needs.
Chubb
Contractors can get coverage for a variety of risks with Chubb's general liability insurance. Coverage includes accidental death, property damage, and equipment breakdown, among many other topics. Chubb also offers a variety of specialty products, including excess liability and lead umbrellas. Whether you work on construction sites or you operate a car wash or restaurant, Chubb can provide you with the right insurance coverage. Chubb has more than 30 insurance products to choose from.
