If you are searching for the best Pearland TX General Contractor Insurance, contact your professional insurance brokers at Texas Insurance Agency. We have a team that has a combined two decades of experience helping customers find the right insurance policy. Moreover, we only work with the most reliable and reputable insurance companies.

Texas Insurance Agency takes tremendous pride in the level of customer service we offer each client. For over two decades, we have provided the Houston community with solutions to their insurance needs. Whether you are searching for private or commercial insurance policies, we are here to help you find the right coverage.

You can count on Texas Insurance Agency to provide you with honest service. Our agents are independent brokers, which means we don’t work for big insurance companies. Instead, we work for you! As a result, your needs are at the center of our service.

There are many types of commercial insurance you should consider as a business owner. Some policies are required by law; others are optional. However, in order to get a glimpse into what type of coverage you need, it is important to discuss the nature of your business and industry with a knowledgeable agent.

Many independent agents will have experience in specific industries. If you are able, find one that has previously worked in your industry. Protect your business with insurance coverages you can count on.

Pearland TX General Contractor Insurance

What is General Contractor Insurance?

A contractor is an individual or company that performs specific serves and projects which are based on a contract signed by both parties. A general contractor refers specifically to the individual that is both the head of a construction team and in charge of hiring or firing subcontractors.

For instance, during a construction project, there are many types of individuals and subcontractors that are needed. Plumbers, electricians, architects, and roofers are all examples of specialized subcontractors that are hired to complete certain portions of the construction project.

As a general contractor, there are several types of insurance policies you should carry. Additionally, these are meant to protect you and your business from the financial responsibilities that come with lawsuits. Whether these are the result of an accident or deliberate incident, legal fees and settlements can be a crippling financial responsibility.

Put your business and liability in the hands of your insurance company by purchasing policies like general liability, commercial auto, and inland marine. These policies help transfer the financial risk of doing business from your shoulders to the insurance company.

Types of General Contractor Insurance

Builder’s Risk

Construction sites are a high-risk work environment. There are many risks that come with operating and managing the worksite. Builder’s risk insurance minimizes the financial impact that specific events could have on your operations.

For instance, if a fire, vandalism, or theft delays your project, thereby causing you to owe additional rental fees or taxes, the builder’s risk insurance could cover you. While this insurance only offers coverage for specific situations, it is ideal for the general contractor.

Builder’s risk policies can even be custom-made to cover stolen equipment. Keep in mind that it will often exclude coverage of equipment that is old and worn.

Inland Marine

Prior to arriving at a job site, materials are typically transported cross country. Anytime heavy construction materials are being transported, they are at risk of damage or theft. Inland marine insurance covers you in case those materials are damaged in transit. The stealing of construction materials is not very common; however, it does happen.

You can minimize your financial responsibility for incidents that are outside your control by purchasing inland marine insurance. Whether your materials are in transit by plane, train, or tractor-trailer, we will help you find the right solution to your Pearland TX General Contractor Insurance needs!

Call us today for a free quote on your Pearland TX General Contractor Insurance!

General Liability

As a general contractor, it is likely that you will be giving tours to sponsors and donors to your project. Moreover, the owner of the building will want to see progress as it happens. Equally as important are the vendors that deliver goods and services to your construction site.

As a general rule, it is a good idea to have general liability insurance. This type of insurance policy covers accidents and injuries that happen to a third party. For instance, if the designated tour guide for your job site neglects to make everyone wear a hardhat, injuries could occur.

In this type of situation, general liability insurance could cover medical expenses associated with the accident. Additionally, it will cover most or all legal fees and settlements. You can do yourself a favor and purchase general liability insurance now before an accident happens. Transfer the risk from your shoulders to the insurance company; purchase your general liability insurance today.

Worker’s Compensation

General liability only covers injuries and property damage that happens to a third party. For on-the-job accidents where employee injury, disability, or death occurs, worker’s compensation insurance is the answer. Some states require you to have worker’s compensation insurance if you have employees.

However, there are a few states like Texas that require only that you have some sort of coverage for workplace accidents. Smaller businesses will often purchase an occupational accident policy as opposed to a worker’s compensation.

This is not a recommendation for high-risk job environments like construction. Consult with your insurance agent to see whether worker’s compensation or occupational accident insurance are better for you.

Texas Insurance Agency is your trusted provider of Pearland TX General Contractor Insurance.