Having the right building contractors insurance Houston, TX can make a difference. Insurance is a safety net that keeps your finances from falling into the hole after an accident happens. With the best building contractors insurance by your side, you’ll have a safety line that will keep you from toppling over with a strong gust of wind. Get in touch with Texas Insurance Agency to see how you can secure your hard hat with insurance.

Having building contractors insurance will make the difference between safety and bankruptcy.

Working in the construction industry, you hear stories about it all the time. Perhaps a contractor team goes bankrupt, leaving a project unfinished. Or perhaps an accident happens on a construction site that explodes into an extensive lawsuit that has that team financially entangled for a long period of time, even after their project is done.

All of those examples sound like a financial nightmare, but the right building contractors insurance can give you breathing room. That’s why you want to work with an insurance broker or agent who can find you the right insurance coverage that can keep the worst from happening.

What is building contractors insurance?
Building Contractors Insurance, which is sometimes called contractors’ all risks (CAR) insurance, is a special kind of insurance that protects builders against loss, theft, and liability. This kind of insurance can protect you against many dangers and unplanned events, like fires, floods, storms, theft, and accidents. You might want this kind of coverage before you start on your team’s next building project.

Texas Insurance Agency can help you determine if you need this insurance coverage. If you do, we can also help you figure out the right amount to protect your business’s assets and workers’ livelihood so that you won’t go into the red from an accident. Contact us today to schedule a meeting or get started with a free quote.

The Importance of Building Contractors Insurance Houston, TX

If you work without insurance, that’s like working without any safety gear. You could make it without it, but when things get dire, it’ll become a nasty situation. That’s why you’ll want to weigh the pros and cons of getting building contractors insurance for yourself. Insurance for builders is important for a number of reasons:

• Protecting your money: Building projects can cost a lot of money. One mistake, accident, or event can cost a contractor a lot of money, which they might not be able to pay. Contractors have insurance to protect them from these possible financial losses.
• Fulfilling legal requirements: In many places, businesses must have certain types of insurance. For example, employers’ liability insurance pays for medical bills and lost wages if workers get hurt or sick at work.
• Securing liability coverage: Having liability insurance is important because accidents can happen on building sites and hurt other people or damage property. Contractors who have liability insurance are protected in case clients, guests, or members of the public file a lawsuit against them.
• Managing risks: An important part of a contractor’s risk management plan is their insurance policies. Being ready for the unexpected lets contractors focus on their projects instead of worrying about possible risks while they work and run their businesses.
• Business image: Full coverage insurance can help a contractor’s image by showing that they are serious about their work and their duties. Some customers may also make it a requirement for contractors to have full insurance in order to do business with them.
• Peace of mind: Building contractors insurance gives contractors and their customers peace of mind that any money lost because of accidents, theft, or injuries can be paid for. So, less stress for everyone involved.
• Keep tools and equipment safe: Contractors use a lot of expensive tools and gear. If these things get stolen or broken, insurance may pay to fix them or replace them.

Texas Insurance Agency can show you which are the best Building Contractors Insurance Houston, TX options for you and your team.

Contractors can protect their business assets, keep their good name, and make sure their workers have a safe place to work by getting the right insurance. Let Texas Insurance Agency help you find exactly the building contractors insurance coverage you need to provide you and your team with a safety net.

What are some builder insurance options?

Not every construction team is the same as the next. Each one will have unique needs that require different types of insurance coverage. Texas Insurance Agency can help you figure out what and how much coverage you need to ensure total coverage. Usually covered are the following:

1. General liability insurance: This covers court fees and money to pay people who get hurt or whose property gets damaged because of your business or your employees.
2. Workers’ comp insurance: This protects the provider if one of their workers gets sick or hurt at work.
3. Contract works insurance: This covers the cost of fixing or redoing the work that the contractor is doing on a building site if it gets damaged or destroyed.
4. Equipment breakdown insurance: This protects the contractor’s own tools and gear, as well as the tools that they rent.
5. Professional indemnity insurance: Also called professional liability insurance, this provides protection for any professional services or advice that may cause a client to lose money.

Insurance for building contractors is important because building projects have a lot of unknowns and dangers. These rules help keep freelancers from losing a lot of money, which they might not be able to handle on their own. Contractors need to make sure they have the right insurance because each job or deal may need a different type of coverage.

We partner with insurance companies to provide you with the best choices for building contractors insurance.

Let’s Get to Working

Texas Insurance Agency partners with many local insurance companies so that we can provide our clients with the options they need. Call our office to learn more about your options today. Our Houston office will show you how easy it is to find the building contractors insurance you and your team need to maintain a safety net.

Houston, Texas Fun Facts:

• Houston is also called Space City.
• “Houston” was the first word spoken on the Moon.
• It’s also home to NASA Mission Control.