Insurance Options for Contractors, Trades, and Construction Businesses
Contractors face risks on jobsites, in vehicles, with tools and equipment, through employees, and inside contracts. Whether you are a solo contractor, subcontractor, trade professional, or growing construction business, the right insurance program can help protect your business and meet client or project requirements.
Foray Insurance Group LLC helps contractors evaluate insurance options based on the type of work performed, payroll, vehicles, equipment, subcontractors, contracts, and jobsite exposure.
Who We Help
Foray Insurance Group can help review insurance options for a wide range of contractors and construction businesses.
General & Remodeling
- General contractors
- Remodeling contractors
- Small construction businesses
- Handyman businesses
Skilled Trades
- Carpenters
- Electricians
- Plumbers
- HVAC contractors
Exterior & Structural
- Roofing contractors
- Masonry contractors
- Concrete contractors
- Drywall contractors
Finishing & Specialty
- Painters
- Flooring contractors
- Landscapers
- Cleaning and janitorial
Coverage Options for Contractors
A complete contractor insurance program may include several types of coverage depending on the nature of your work, your employees, your vehicles, and your contracts.
Commercial General Liability
Can help protect contractors from certain claims involving bodily injury, property damage, completed operations, personal injury, and advertising injury. Many clients, landlords, municipalities, and general contractors require proof of general liability coverage.
Commercial Auto Insurance
May be needed when vehicles are owned, leased, rented, or used for business purposes. Coverage can include liability, physical damage, hired and non-owned auto, and other options based on how vehicles are used.
Workers Compensation Insurance
Can help provide benefits for employees who are injured or become ill due to work-related causes. Contractors with employees should review state requirements and contract requirements carefully.
Tools and Equipment Insurance
Often written as inland marine coverage, can help protect tools, machinery, equipment, and materials that move between jobsites or are stored away from the main business location.
Commercial Umbrella Insurance
Can provide additional liability limits above certain underlying policies. Contractors may need higher limits to satisfy contracts, project requirements, or client expectations.
Builders Risk Insurance
Can help protect property during construction or renovation. This may be important for remodeling projects, new construction, major renovations, or work involving materials and structures under construction.
Contractor Bonds
Certain contractors may need surety bonds for licensing, permits, public projects, private contracts, or performance requirements.
Professional Liability Insurance
Some contractors provide design, consulting, project management, or professional recommendations. Professional liability coverage may be needed when the business has errors and omissions exposure beyond standard general liability.
Pollution Liability Insurance
Some trades may have pollution or environmental exposure involving materials, chemicals, fuel, mold, lead, asbestos, or other substances. Pollution liability coverage should be reviewed when this exposure exists.
Employment Practices Liability Insurance
Contractors with employees may face employment-related claims involving discrimination, harassment, wrongful termination, and other workplace allegations. EPLI coverage can help address these exposures.
Common Contractor Insurance Challenges
Understanding the unique challenges contractors face helps ensure the right coverage is in place before a problem arises.
Contract Requirements
Clients, general contractors, municipalities, landlords, and project owners may require specific insurance limits, additional insured status, waiver of subrogation, primary and noncontributory wording, certificates of insurance, or completed operations coverage.
Subcontractor Use
If your business hires subcontractors, it is important to review certificates of insurance, subcontractor agreements, and whether your policy responds to subcontracted work.
Vehicle Use
Personal auto insurance may not properly cover vehicles used for business purposes. Contractor vehicles, trailers, employee driving, and hired or borrowed vehicles should all be reviewed carefully.
Tools Away From the Shop
Tools and equipment are often stored in vehicles, trailers, jobsites, storage units, or temporary locations. Standard property coverage may not be enough to protect mobile equipment.
Classification Accuracy
Contractor classification matters. The type of work performed can affect premium, coverage availability, exclusions, and underwriting decisions made by the carrier.
Claims and Loss Runs
Carriers may request loss history when reviewing contractor insurance options. Claims history can affect pricing, eligibility, and coverage terms offered to your business.
Information Helpful for a Quote Review
To review contractor insurance options, it is helpful to gather the following information before your consultation with Foray Insurance Group.
Business name and address
The legal name of your business and primary business location.
Type of contractor work performed
A description of the services and trades your business provides.
Years in business
How long the business has been operating under its current structure.
Annual revenue and payroll estimate
Gross revenue and total payroll figures help determine coverage needs and premium.
Number of employees
Full-time and part-time employee counts for workers compensation review.
Subcontractor costs
Total amounts paid to subcontractors during the year.
Vehicle information
Year, make, model, and use of any business vehicles.
Tools and equipment values
Estimated replacement value of tools, machinery, and equipment used on jobsites.
Current insurance policies
Existing declarations pages or policy summaries if available for review.
Prior loss history and contract requirements
Loss runs from prior carriers and any client or contract insurance requirements.
Related Coverages
Foray Insurance Group can help contractors review and place a full range of business insurance coverages tailored to the construction and trades industry.
Commercial General Liability
Commercial Auto
Workers Compensation
Tools and Equipment Insurance
Commercial Umbrella
Builders Risk Insurance
Contractor Bonds
Professional Liability
Ready to review your contractor insurance options? Foray Insurance Group LLC works with contractors across trades and construction to help identify the right coverage for your business, your contracts, and your jobsite exposures.
Ready to Review Your Insurance Options?
Whether you own rental property, manage a business, serve clients as a referral partner, or need personal insurance guidance, Foray Insurance Group is ready to help.
Contact Information
Foray Insurance Group LLC
Independent Insurance Agency
📧 info@forayinsurancegroup.com
🌐 forayinsurancegroup.com
📱 (630) 219-1037
Foray Insurance Group LLC
Independent Insurance Agency
Illinois | Minnesota
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Foray Insurance Group LLC is an independent insurance agency. Insurance products are subject to carrier availability, underwriting approval, policy terms, conditions, and exclusions.
Contractor Insurance