The Contractors Insurance policy is a broad package of property and liability coverages, which provides the insurance protection needed by most contractors. The package is designed for small to medium sized artisan contractors (20 or less full time employees, less than $5,000,000 in annual gross sales or receipts and 25% or less of total sales or receipts subcontracted). The “package” concept eliminates the need for multiple policies, which will save you premium dollars.
“Risks of Direct Physical Loss” property coverage provides broad coverage for your business needs.
There are many optional coverages to further tailor the policy to your business needs.
A choice of “Replacement Cost “ or “Actual Cash Value” on all eligible buildings.
Business Personal Property is valued on a “Replacement Cost” basis.
An “Amount of Insurance” discount.
An Inflation Guard provision that will automatically increase both your building and business personal property limits.
The addition of the Premier endorsement provides you with a variety of additional coverages for a single discounted premium.
Premium credits may be available for good experience.
Extra Property Coverages Included In The Policy At No Additional Premium
We want you to receive the most coverage for your money. That’s why we work with you and your agent to provide certain extensions of coverage at no extra cost to you. Some of those extra coverages are as follows:
Accounts Receivable – $10,000 limit on premises/$5,000 limit off premises
Business Income – you have coverage for loss of income for up to a 12 month period when the loss is caused by a covered cause of loss to the property
Business Income From Dependent Properties – $5,000 limit
Business Personal Property off Premises – $10,000 limit
Give us a call at (636) 394-9070 or email us at email@example.com so we can further discuss your needs.
In Business To Protect Your Business