Why You Need Contractors Insurance

If you are a contractor who works in a type of business that requires a lot of work in other businesses’ properties or people’s homes, you should look into what type of contractor’s insurance you need. It is really important to do this, especially in case you are involved in an accident that causes harm to yourself or others. Contractors insurance is important for individual contractors to look into, but also the businesses who employ them.

E.S.T.I.R. Inc. in Bloomfield, NJ is proud to offer contractors insurance. Because it can be such a minefield, our agents gladly walk you through your insurance options and our quotes. 

Types of contractors insurance

Depending on the nature of your business or the service you do, you will need certain types of contractor insurance. We list a couple of the most common ones below for you:

Personal liability insurance/Umbrella insurance

Personal liability insurance is useful in case you cause someone else bodily harm or damage their property. Personal liability insurance enables you to cover any costs endured by individuals or companies.

Umbrella insurance is usually the most comprehensive type of insurance when it comes to liability, as it covers liability in most situations.

Workers’ compensation insurance

If you are not a contractor yourself, but employ others (or perhaps you are both), you should look into workers’ compensation insurance, which is usually mandatory as soon as you hire one employee. This covers the company in case the contractor is involved in an accident on the work floor and covers their costs if they need time to recover.

To look into contractors insurance today, call E.S.T.I.R. Inc. in Bloomfield, NJ or request a quote here.