Insurance Considerations for Contractors

Contractors and subcontractors play a vital role in construction projects. Electrical wirings don’t get run or plumbing installed if the right professionals are not on site. These two segments of any large project must work together to ensure the client’s dream becomes a reality. Subcontractors may go from one project to the next as they work with several contractors. For example, one day you may be framing a garage and the next, you’re remodeling a bathroom. Even though each day may differ, one thing remains the same: you must have adequate contractor insurance in Jackson, MS, before stepping on any job site. Insurance protects you and your client, giving you both peace of mind.

How to Ensure You Have Sufficient Contractor Insurance in Jackson, MS

As you prepare for your next project, whether as a contractor or subcontractor, you want to know you have sufficient insurance coverage. Here are some tips to consider:

  1. Understand the contract’s requirements. Review your contract thoroughly and look at the insurance requirements. You may need to obtain additional coverage in some cases. Your preferred contractor’s insurance agent can help.
  2. Work with a trusted insurance professional. Consulting with an agent you have a relationship with helps you get the right coverage when needed. Look for one that specializes in your industry for the best results.
  3. Make sure you have general liability insurance. This form of coverage is the minimum any contractor should have. It protects you in the event of a claim for bodily injury, property damage, and personal or advertising injury. It must meet or exceed the minimum limits specified in your contract.
  4. Look at adding an umbrella policy. Sometimes, a claim comes in that stretches the limits of existing policies. Umbrella coverage helps with claims that go outside your current policy limits.
  5. Secure workers’ compensation insurance. You want to have a solid workers’ compensation policy if you have employees. This will protect you and your employees in the event of sickness or injury while on the job.
  6. Keep your policies updated. Regularly review and update your contractor insurance policies in Jackson, MS, to comply with your contract agreements. If you have any changes in the scope of work, you’ll want your insurance policies to reflect that.
  7. Communicate any changes with your insurance agent. Business practices ebb and flow. Make sure to share any changes with your insurance provider. Some changes you should share include new services offered or changes in the scale of your operations.

Source Your Contractor Insurance in Jackson, MS from Trusted Brokers

Find the right contractor insurance coverage by talking with the team at Hawsey Insurance. We have decades of experience helping contractors and subcontractors in various industries. We understand the needs of our clients and are happy to review existing policies, offer options to fill any gaps, and provide tips for keeping claims at bay. We supply a wide range of coverage options to ensure you get the coverage and protection you seek at reasonable rates. Call us today for more information on contractor general liability, property insurance, cyber insurance, and fleet insurance. We’re happy to help!

Call Hawsey Insurance at 601-856-7707 to request a quote for contractor insurance in Jackson, Mississippi. Feel free to contact us online or make an appointment to stop by our Madison, Jackson, and Southaven, MS offices.