If you are looking for the best insurance solutions for Katy TX Contractor Insurance, contact Texas Insurance Agency. Our team of insurance brokers will connect you to a reliable agent that will help you find the right policy for your business needs. Moreover, we only work with the best of the best in the insurance industry.

Texas Insurance Agency has been serving the Greater Houston area for over two decades. In that time, we have helped thousands of satisfied clients find insurance policies that fit their business and personal coverage requirements.
Although we mostly serve the commercial business community, our agency is proud to also offer reliable homeowners and other personal life insurance policies. You can take measures to protect your business today by purchasing a Katy TX Contractor Insurance policy.

Whether you are a contract plumber or electrician, our team has your back. Our mission is to secure the future of your business by helping you find and purchase the right policy at the right cost. Keep reading to find out more about contractor’s insurance!

You own a high-risk business, let’s get you protected today!

What is Contractor’s Insurance?

A contractor is an individual that usually owns and operates their business by providing services at the homes of clients. For instance, plumbers and electricians are great examples of contract workers that can be hired for a certain project.

Contract workers complete their projects under specific agreements listed out on a contract. These agreements can include elements like the scope, cost, and duration of the project. It can also outline factors like whether and under what circumstances a contract can be terminated.

So, why do you need contractor insurance? There are many reasons. Contractor insurance gives you the ability to cover many different areas of your business so that when the unexpected happens, you have financial assistance that helps you make it through. These areas can include employee injury, damage to third-party property, commercial auto insurance, and even coverage for items being hauled across the country.

Contractor insurance is crucial to staying afloat as a business. Mistakes can happen in a heartbeat, and when they do, you will want financial coverage that won’t drain your bank accounts.

For example, let’s say you are a contract plumber and a pipe you are working on breaks, causing the kitchen and surrounding rooms to fill with water. You will likely be held responsible for the damages caused to your client’s home. Without insurance, this could cause your company to collapse under the financial weight of paying for damages.

It is important to know what your policy covers. If your client is not satisfied with the settlement amount or compensation for damages, they could file a lawsuit against your company. Additionally, insurance policies will almost always cover legal fees associated with a claim. However, discuss this possibility with your agent before assuming you have coverage.

Types of Contractor’s Insurance Policies to Consider

Worker’s Compensation

If you own a small business, chances are you have a small team of employees that help you run the business and complete projects. If this sounds like your situation, worker’s compensation insurance is just one policy that you will want to consider.

Accidents happen, often without foresight and in an unexpected way. Worker’s compensation provides coverage for your employees when death, disability, or injury occurs on the job. There are many coverage options you can customize in a worker’s compensation plan.

Another similar, often cheaper, insurance plan to consider for your employees is occupational accident coverage. However, the coverage benefits for this policy are more limited and place a heavy amount of financial responsibility on the business rather than the insurance company.

At Texas Insurance Agency, we will help you find the right Katy TX Contractor Insurance policy!

Inland Marine Coverage

One common type of contract worker is the trucker. These individuals haul goods across the country on tractor-trailers of all sizes and shapes.
Whether those goods are volatile chemicals or delicious foodstuffs, we want to make sure you have the right insurance to cover those items if they are damaged or stolen.

Truckers require specific types of insurance that cover their rig, own health, and injuries, as well as whatever cargo they are hauling. Sometimes, looking for this coverage can be confusing. Contact your professional Texas Insurance Agency today for more information.

General Liability

As a business owner, you will want to retain a general liability insurance policy. This type of policy covers injuries to clients and damage to their property. This damage or injury must be the result of negligence or misconduct on the part of your business.

For instance, if you own a commercial cleaning business, and your employee mops the floor, failing to put out a ‘caution wet floor” sign out for the customer to see, any fall or injury that happens will be your responsibility. Additionally, this includes medical expenses and any legal fees associated with the incident.

Commercial Auto

As a contract worker, chances are you have a vehicle that serves both a business and personal vehicle. This car ties you to your business, getting you to and from work every day. Furthermore, a reliable vehicle is essential to operating your business. So, why not include a business auto insurance policy with your contractor coverage?

Elements that Influence the Cost of Your Coverage
There are many different elements that could impact the cost of your selected coverage. Most policies can be bundled together for cost-effective purposes. For instance, take the following:

claim history
location
number of vehicle and employees
general coverage requirements.