There are countless activities and adventures to experience in Texas, the second-largest state in the country. Due to its geographic and cultural diversity, the state offers many unique activities and attractions. Whether you're looking for a city getaway or a coastal getaway, mountains or deserts, Texas offers a variety of vacation options.
There is an interesting contrast between West Texas cities like Amarillo and Lubbock and metropolises like Houston, Austin, and Dallas. The Alamo, the River Walk, and the nearby Hill Country are just a few of the things to see and do in San Antonio.
In addition to being a tourist destination, Texas has much more to offer. For generations to come, Texas will remain the best state for small and large businesses because of its ability to enable entrepreneurs and innovators to reach their full potential.
In Texas, contractors can rely on comprehensive contractor's insurance to protect themselves against lawsuits, workplace injuries, equipment damage, and other liabilities.
Texas Contractors Insurance In A Nutshell
The job of a contractor often involves unique and dangerous risks. For business owners who operate a contracting business, the type, size, and location will determine the type of business insurance you need.
Contractor insurance policies protect your business against liability, property damage, bodily injury, and other unforeseen damages that may occur on the job.
There are several types of small business insurance that general contractors may need, depending on their work and their client contracts. A contractor's insurance policy may include the following:
- Commercial General Liability Insurance - Your business is protected by this policy against lawsuits resulting from injuries or damage to your business property. This policy can cover libel, slander, and advertising injury claims. Part of the insurance coverages:
➨ Medical expenses for your customers (example: someone trips in your business place breaking their arm/leg)
➨ Property damage (example: You or your employees accidentally damage a clients' property)
➨ Legal fees and defense costs (example: you need a lawyer to defend your business in a lawsuit after a claim)
- Workers' Compensation Insurance - Injuries and accidents on site (not limited to construction site and building) can lead to medical bills and lost wages, which workers' compensation can help cover. This also benefits and protects the employer from lawsuits.
- Commercial Auto Insurance - This policy surety protects your general contracting company's vehicles. Vehicle theft, vandalism, weather damage, and property damage are all covered in an accident.
- Professional Liability Insurance - If a general contractor is sued for a professional services mistake, like missing a deadline, this insurance provides protection. Alternatively, this policy may be called errors and omissions insurance (E&O).
- Builder’s Risk - The builder's risk policy protects against expensive property claims throughout a construction project, also known as the construction liability policy.
- Tools and Equipment Insurance - As a business owner, tools, materials or any piece of equipment is likely to be one of the most valuable assets in your business. Under this policy, you can replace or repair machinery, tools, and accessories that have been lost or damaged.
A one-size-fits-all policy may not be possible due to trade differences and other factors. Find out if these other coverages are right for your business by speaking with one of Stampede Insurance's experts.
With the cost of living on the rise, it's important to make sure you're getting the best deal on your insurance. That's why it's so important to find a reliable, trustworthy team who can provide you with insurance options.
Find The Best General Liability Coverage For Your Business
At Stampede Insurance, our insurance company experts have years of experience finding the best business insurance policies for your construction business and small businesses across various industries. Whether you're looking for car insurance, home insurance, or life insurance, you can find a reliable and knowledgeable agent in your area. With a free quote, you can compare information, pricing and coverage to find the best affordable policy for your needs.
With many years of experience in the construction insurance industry, Stampede Insurance experts can evaluate your risk and provide your construction company with the basic business needs.
If you're looking for ways to cover your business, our insurance agents are licensed in many states and can advice you about any questions you might have. We also offer services in Nevada, Arizona, and New Mexico.Find a local agent wherever you are for a free quote!
