Business Insurance - Coverage Enhancements for Contractors
Expanded protection tailored for your needs.
As a contractor, you need business insurance with the right coverage enhancements tailored for your needs. The right coverage lets you go to your office or to worksites knowing you are covered if someone gets hurt, property or tools and equipment are damaged or other incidents occur that you need protection for.
A1 Insurance understands that for contractors, the standard commercial insurance package often needs enhancements to fully protect them. Our team will walk you through a series of questions that helps us define your business’s unique needs and risks. Then we get to work. We shop our network of top-rated insurance companies. We compare both standard plan coverages along with enhancements to make sure they match your business’s long-and short-term needs and goals. And we design a plan that factors in the right mix of insurance products and enhancements at a rate your contractor business can afford.
That’s the great thing about working with an independent insurance agent. A1 Insurance is a trusted resource that is rooting for your success. We’re not committed to one insurance company or set of commercial insurance products. We find the products that are the best fit for you. And if you ever do have a claim to file, we’ve got your back. We’ll work as your advocate to help you file and settle the claim, too!
Check Out these Business Coverage Enhancements for Contractors:
Employment Practices Liability Insurance (EPLI)
EPLI is designed to cover you when employees file lawsuits related to:
- Discrimination
- Harassment
- Wrongful discipline
- Wrongful termination
EPLI reimburses you for legal costs, judgements, and settlements up to policy limits, but it doesn’t cover punitive damages, civil fines, or criminal fines.
Equipment Breakdown Coverage
Designed to get you back up to speed when essential systems break down. Pays for physical damage to equipment caused by mechanical and electrical breakdown. Doesn’t cover normal wear and tear, corrosion, erosion, rust, deterioration, or depletion.
What Equipment Is Covered?
- Heating and cooling systems
- Telephone systems
- Computers
- Refrigeration
What Losses Are Covered?
- Short circuit
- Electrical arcing
- Power surges
- Mechanical breakdown
- Motor burnout
- Boiler damage
- Operator error
Inland Marine Package Endorsement (IMPAC)
IMPAC is specifically for contractors, and includes the following coverage enhancements:
- Tools and equipment owned or long-term leased on an unscheduled basis
- Tools and equipment leased or rented on a short-term basis
- Rental reimbursement
- Installation coverage
- Electronic data and media
- Electronic data processing
- Valuable papers and records coverage
- Accounts receivable coverage
Contractors Errors and Omissions
Provides coverage for any faulty work or defective products that are a result of a negligent act, error, or omission on your part or from a defect in material or a product sold or installed by you while acting in a business capacity.
Employee Benefits Liability
Employee Benefits Administration Liability Errors and Omissions Coverage provides legal liability protection for damages sustained by the insured caused by a negligent act, error or omission in the administration of the insured’s Employee Benefit Programs.
Business Interruption
Business interruption insurance helps replace revenue and cover extra expenses caused by perils like theft, fire, wind, or lightning.
Employee Dishonesty
Employee dishonesty coverage helps protect your business against employee theft of property, money, or securities.
Data Compromise Coverage
Data compromise coverage helps cover your business for expenses related to a data breach, such as legal fees and credit monitoring services for affected customers.
Business Property in Transit
In most cases, your policies provide coverage for property in fixed locations. Business property in transit covers loss or damages you experience while moving your goods or property from one place to another.
Ask us about the following standard business insurance plans.
- Business Property Insurance
- Business General Liability
- Business Auto Insurance
- Workers Compensation
- Business Owners Package Policy
- Employee Benefits