Cost Of Contractors Liability Insurance Phoenix, AZ

Insurance is a basic part of every businessperson’s life. It can make the difference between a mishap being a minor speed bump or a devastating loss. There are some basics every contractor must know which may influence the cost of contractors liability insurance Phoenix, AZ and aid the contractor being able to help his/her business stay in the game.

The types of coverage make up the base cost of contractors liability insurance Phoenix, AZ. Those types of coverage can include those discussed below but certainly are not limited to only these.

General liability insurance is the term used for the insurance to cover the basic accidents that could occur on a job site on a day to day operations. This would cover the things generally incurred when running a business as well as job site accidents.

Course of Construction insurance (a.k.a. Builders Risk Insurance) cover physical damage to a property under construction. Financial institutions require this type of coverage, at times, prior to lending the money to start a construction project. This includes remodeling projects, as well.

Workers’ Compensation insurance is a coverage that most everyone is familiar with. This covers the business owner in the event an employee is injured while going about his or her job on the site and during employment hours.

Tools and equipment may also be insured. Generally, insurance coverage on these tools and equipment requires that each piece not exceed $500 in value, but can insure replacement costs in the event of theft.

Business auto insurance is a standard operating expense for vehicles used and operated for the business needs. Private policies sometimes may exclude coverage during business tasks. It is important the contractor have the proper coverage on any and all vehicles used for business purposes.

The cost of contractors liability insurance phoenix az can vary from other locations in the country and even the state. Location plays a big factor in the pricing of these types of coverage. Local insurance companies can offer pricing quotes for all of the available types of coverage for each individual contractor’s needs and location. These representatives are educated in assisting contractors to choose the coverage types and amount right for each individual contracting business. What is right in Tempe, may not be what is right in Phoenix and visa versa. Those insurance representatives are available online and in person to help their customers, including contractors, choose the most timely, efficient policies to cover everything, should the need arise.

Best regards,
Gary Hanson
Professional Insurance Strategies
P: (602) 481-0161 • F: (623) 463-9001 • E:
Physical Address: 2822 W Northern Ave. • Phoenix, AZ 85051
Mailing Address: 3655 W Anthem Way Ste. A 109 #283 • Anthem, AZ 85086
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