There are many types of trade contractors, each of which operates in a specialty niche. These contractors face many of the same risks that other businesses do, as well as some that are unique to their industries. At Vanyo Insurance Group, we aim to reduce financial vulnerabilities by matching contractors to insurance plans that cover a wide range of property damages, financial losses, and liabilities. We offer coverage to contractors in many different trades, including:
- Pipefitters
- Steamfitters
- Plumbers
- Electricians
- Landscapers
- Carpenters/Wood-Workers
- Construction laborers
- Painters
- Construction workers
- Concrete pourers
- HVAC workers
- And more
Specialty Contractor Risks and Coverage
It is common to experience minor holdups and delays as a contractor, but major loss events can cause much bigger setbacks and perhaps even threaten the financial solvency of your business. Whether vandals loot your construction site, a tree falls on a recently framed home, or a client is injured due to unsafe jobsite practices, you need insurance that covers you against a wide range of unexpected events. At Vanyo Insurance Group, we sell insurance that covers your physical assets and financial liabilities for many different risks and scenarios. From the building you operate from to your vehicles, equipment, and workers, we can help you find coverage that fits your needs.
Depending on the type of work you do, the size of your business, and your unique occupational risks, we may recommend coverage for:
General Liability
Any business – even if you are the sole employee of that business – can develop liability. If you are accused of negligence that results in a third-party loss, you could be sued for compensation of damages. Whether you leave on hot equipment that causes a jobsite fire or you accidentally harm a client’s pet while working, be prepared for whatever comes your way with general liability insurance from Vanyo Insurance Group. GL can help you cover the cost of defending yourself against accusations in court, as well as pay for judgments and out-of-court settlements up to the limits of your coverage. Our team can help you determine how much general liability coverage you may need to protect your financial assets against loss.
Workers Compensation
Workers compensation pays for employee medical bills and wage compensation due to workplace injuries, regardless of fault. It is necessary for all businesses that hire one or more employees, regardless of industry. Given the nature and physical risks of various contractor trades, however, it is especially important that you purchase workers compensation to protect yourself and your employees against on-the-job injury expenses. Without it, you could face legal consequences, as well as tremendous financial liabilities if an employee sues you for compensation of damages.
Commercial Property
If your business were struck by lightning, how much would it cost to replace all of your tools, equipment, office furnishings, supplies, signage, and the actual structure of your building due to a fire? Depending on the size and scope of your business, it could total hundreds of thousands of dollars. With commercial property insurance, you can minimize those costs when damages and loss are caused by covered events. From fire and wind to falling objects and theft, talk to Vanyo Insurance Group about commercial property coverage that insures the garage, home shop, or office where you run your business (and everything in it).
Commercial Vehicles
Whether you have a single work truck or a fleet of vans, you rely on your vehicles to carry out the tasks of your job. Arizona requires insurance coverage for all motor vehicles, including commercial trucks and vans. At Vanyo Insurance Group, we can help you find insurance that covers the cost of repairing your vehicle after a collision or non-collision event. Your insurance can also help protect your business against accident-related liabilities.
Employee Theft
You cannot prevent employee theft, even with thorough background checks. You can, however, minimize your vulnerabilities to fraud, forgery, and third-party damages by purchasing employee theft insurance.
Professional Liability
Whether you’ve been in business for decades or days, clients and general contractors hire you to carry our professional tasks. If you make an error that results in physical damages or injuries, professional liability insurance can help cover your financial responsibility for the incident.
Tools and Equipment
A contractor’s tools are the key to his or her livelihood. Without them, you may not be able to perform the tasks of your job or generate an income. Anything this valuable deserves thorough insurance protection. Talk to your agent about coverage that protects your tools and equipment when they are in transit or at a job site. From theft and vandalism to power surges and more, we have insurance solutions to help keep your business running despite major setbacks.
Excess Liability (Commercial Umbrella Coverage)
Don’t take chances with your business by under-insuring yourself. Consider purchasing commercial umbrella insurance to provide additional liability protection when a major lawsuit drains the available coverage in your primary liability insurance policy. Umbrella policies can provide millions of dollars in excess protection that pays for legal fees, judgments, settlements, and more. Having one of the policies could help you continue in business despite litigation and even help you avoid potential bankruptcy.
Arizona Contractors Insurance Quotes
If you work as a specialty trade contractor in the greater Scottsdale area, the team at Vanyo Insurance Group wants to help you find the coverage you need. As an independent agency, we will shop and compare commercial insurance solutions on your behalf. We will also provide you with ongoing, local support and individualized risk analysis to ensure you continue to have access to the coverage you need.
For more information about Arizona contractors insurance or to request your free quotes, contact our office today. We look forward to serving you soon.
