Protect Your Business with Contractors Insurance and Bonds

A Business Owner’s Policy (BOP) for contractors insurance, is a bundled insurance package designed to provide comprehensive protection for small and medium-sized businesses, including contractors. It combines three essential coverages:

• Covers third-party bodily injury, property damage, and personal injury claims.
• Protects against lawsuits from accidents on a job site (e.g., if a client trips over equipment).

• Covers damage to buildings, office space, tools, and equipment stored at a business location.
• Protects against fire, theft, vandalism, and some natural disasters.

• Covers lost income and operating expenses if the business is temporarily shut down due to a covered event (e.g., fire or severe storm damage).
• Helps cover rent, payroll, and other essential costs while the business recovers.

• Cost Savings: Bundling coverages is typically more affordable than purchasing them separately.
• Comprehensive Protection: Covers the most common risks contractors face.
• Customizable: Can add additional coverages like tools & equipment insurance, cyber liability, or professional liability.

A BOP is ideal for small to mid-sized contracting businesses that:
✔ Have a physical location (office, storage unit, or shop).
✔ Own property or expensive tools/equipment.
✔ Face liability risks from working on client properties.
✔ Need financial protection in case of unexpected business disruptions.

While a BOP offers broad coverage, contractors may still need additional policies, such as workers’ compensation, commercial auto, or surety bonds, depending on their business needs.

Would you like help determining if a BOP is the right fit for your business?