Cost Of Contractors Liability Insurance Phoenix Az

Cost Of Contractors Liability Insurance Phoenix Az

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The cost of contractors liability insurance Phoenix AZ will be determined by a range of factors, but it is critical for every company and project to have proper and quality protection. Having such not only safeguards you financially, it also earns your business top quality talent and clients that appreciate the safety and comfort liability insurance provides.

What Contractor Needs Liability Insurance?

You all do. As a contractor, the cost of contractors liability insurance Phoenix AZ will prepare you for the worst. There are contractors that work directly with government agencies or specific businesses. Their employers may be responsible for liability insurance. Most contractors, though, contract their services to third parties. Whether these are businesses or individuals, these contractors are required to have sufficient insurance to operate.

It doesn’t matter if your business is general, artisan or subcontractor, an accident can ruin your reputation and, in many cases, destroy the business. There are specific policies for the mason, electrician, plumber, roofer, framer or tiler. The cost of contractors liability insurance Phoenix AZ will be impacted by the types of equipment and machinery on site, type of project, number of employees and location. There can be discounts or other incentives if safety standards and precautions are in place, and if employees have been trained, but there is no getting around adequate coverage.

The smart contractor wants liability insurance.

What is the Cost of Contractors Liability Insurance Phoenix AZ?

Regardless of the cost of liability insurance, the moment you find yourself needing it, the policy becomes invaluable. Consider the repercussions if you didn’t have coverage. An accident that’s not your fault could have a dynamic impact on your business. Imagine a distracted driver watching your crane and absently hitting one of your employees. An electrician falls off a scaffold and is seriously injured. Your machinery creates unintentional damage to someone’s residence. Without coverage, you end up carrying any and all expenses related to the incident. You could land on the defendant’s side of a legal dispute. Word gets out your business is in trouble, making it difficult to get new projects and clients.

Those are the costs to consider.


If you’re looking at the cost of contractors liability insurance Phoenix AZ, do not look solely at dollars coming out of your budget. Look at what you need to safely manage your operations, protect anyone and everyone who could potentially be hurt and how you want your reputation to be viewed.

Best regards,
Gary Hanson
Professional Insurance Strategies, LLC
2822 W. Northern Ave
Phoenix, AZ 85051
3655 W. Anthem Way A109-283
Anthem, AZ 85086
623-463-9001 Fax

Explanation of Worker’s Compensation Insurance

Workers’ Compensation Insurance Policy, also known as Workman’ Comp, is a state-mandated insurance policy that provides work compensation to employees who suffer job-related illnesses and injuries. While the Federal Govt. administers a Workers’ compensation program for federal and certain other types of employees, each state in U.S has its own programs and laws for workers’ compensation policy. For up-to-date information on Workers’ compensation in your state, contact with state’s workers’ compensation office.

In short, an employee with a work-related injury or illness can get workers’ compensation benefits regardless of who was at fault — the employer, the employee, a customer, a co worker, or some other third party. In exchange for these sure benefits, employees usually do not have the right to lawsuit the employer in court for damages for those injuries.

There are two reasons an employer has to carry worker’s compensation insurance policy coverage:

  • The 1st  is to insure workers that are hurt during working hours will be taken care of financially. Worker’s compensation insurance policy will pay the medical expenses and a portion of their wages while recovering from the injury period.
  • The 2nd reason is to protect the employer from being lawsuit by the injured employee.  It is important to have understanding of worker’s compensation terms and conditions in your state as requirements and coverage differs in every state wise.

We have preferred Workers Compensation Insurance Programs for businesses of all shapes and sizes. Get your Workers’ Compensation Quotes

Gary Hanson

Professional Insurance Strategies, LLC

3519 E. Shea Blvd., Suite 120

Phoenix, AZ 85028

6708 W. Bethany Home Rd.

Glendale, AZ 85301


623-551-6716 Fax