Insurance for Contractors in Arizona

First, insurance for contractors in Arizona has been easy to purchase over the years.  Almost everyone nowadays has some type of insurance.  Also, contractors insurance helps business owners protect themselves in the event of negative occurrences, and when it comes to independent contractors and insurance, being covered is just as important. Furthermore, not only should contractors consider investing in insurance for their own protection, but many employers will not even accept bids for jobs without it.  We can help you!

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General Liability Insurance for Contractors

Next, general liability coverage provides contractors with coverage if something goes wrong on the job. Additionally, on-the-job injuries and equipment breakage are examples of instances not covered under general liability coverage insurance policies. Also, this type of liability coverage covers not only the contractor, but the hiring entity as well.

Commercial Auto Insurance Coverage for Contractors

Additionally, contractors should have a comprehensive commercial auto coverage package for commercial vehicles as part of their business services. In addition, this coverage protects both the contractor and client if an accident occurs while the contractor is working for the hiring entity. 

Workers Compensation Insurance

Next, workers compensation insurance provides business owners with protection if one of their workers gets hurt while on the job.  Clearly, this is one of the most essential types of contractors insurance.  Without workers compensation insurance, contractors could find themselves subject to lawsuits that could end up demolishing their businesses.

Performance Bonds

Lastly, another type of insurance that you can invest in is a performance bond. Further, performance bonds guarantee that a contractor’s work will be completed satisfactorily. Also, if the job is not completed according to the set standards, then the bond is released for completing or repairing the project. 

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Check out the AZ Registrar of Contractors

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