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HOW WE GOT YOU COVERED
Prior claims history… Okay!
Denied coverage … Our Specialty!
New to business… Okay!
Tough class to ensure… Welcome!
Flexible Payment Plans
Low Down Payments
Pay As You Go Workers Comp
Professional Brokers Ready to Help
Fast Turnaround of Certs
WHAT INSURANCE WE WRITE
Workers Comp is mandated by law in most states. Business owners with employees must provide coverage for all full and part-time employees or face federal and state penalties. Each state legislates Work Comp in its own way.
Workers Compensation insurance is a no-fault policy. Employees can usually receive benefits for their work-related injury even if the cause weren’t directly traceable to the business owner’s responsibility. The employee who receives compensation can’t sue the company for negligence.
The process of construction may require difficult steps along the way. The party or firm that mainly supervises the overall construction is referred to as the General Contractor. The General Contractor has the right to allocate the work to a number of subcontractors whenever needed, especially when an aspect of the construction is not within their expertise. For instance, the firm may hire subcontractors to work on the carpentry and plumbing.
While Contractors are allowed to bid for work even if they do not have the General Contractor Liability Insurance, it is always best to have it before one starts working on the construction phase. Often, a contractor is not allowed to work on a construction project if an insurance policy is lacking. The Contractor Insurance Liability helps whenever there are third-party claims against the course of the construction operations. It mainly helps the General Contractor to deal with Contractors Liability, law suits, and accidents that arise from the contracted project.
In addition, this kind of insurance can also help Contractors to save a significant amount of money on attorneys, since insurance companies have their own legal teams who can work on the case when needed. Thus, for a contractor to be protected, General Contractor Liability Insurance is a must. It could end up being vital when it comes to Property Damage, negligence, or Bodily Injury incidents or accidents.
Essentially, the General Liability Insurance covers property and Bodily Injuries that happen in the duration of the construction or after its completion, typically years after. Ask your Broker for the specifics.
As for the cost of the Contractor Liability Insurance, it mainly depends on the coverage and level of risk. Other factors such as the payroll expenses, nature of work and gross receipts may also be factors. Insurance companies may also consider the financial strength of contractors in deciding the coverage and premiums that suit them.
- A Contractor’s License Bond assures the Contractor will comply with local laws related to the project for which they’re hired.
- A Bid Bond guarantees the Contractor will enter into a contract if awarded the bid.
- A Performance Bond guarantees the Contractor will perform the work as specified by the contract.
- A Payment Bond guarantees the Contractor will pay for services and materials.
- A Maintenance Bond guarantees the Contractor will provide facility repair and upkeep for a specified period of time.
WHO WE COVER
Class A License
Hard to Insure Classes
Masonry and Concrete
Sheet Metal Contractors
Swimming Pool Contractors
Tract Home Builders
WHO WE ARE
Our dedicated Brokers are always ready to guide you through the process of obtaining a Workers Compensation policy, and continue to answer your important questions when you become a client.
WHERE YOU CAN FIND US
12320 Race Track Road
Tampa FL, 33626