Contractor Insurance

Regardless of what type of contractor you are, or what type of work you specialize in, The Bunker Insurance & Risk Management is here to make sure your business is protected with a truly customized contractors insurance package.

Coverage For All Types of Contractors

No matter what trade you specialize in, The Bunker Insurance & Risk Management can build a custom insurance plan for your business should the worst happen.

Carpentry

Robust coverage for carpenters and other artisan contractors

Electricians

Custom insurance coverage for residential and commercial electricians

Roofers

If you're a roofer, having the correct business insurance is critical

Carpet & Flooring

Top notch business insurance for carpet and flooring contractors

Painters

Robust business insurance for residential and commercial painters

Plumbers & HVAC

We specialize in business coverage for plumbers and HVAC contractors

Excavation

We help excavation contractors protect their businesses faster

Commercial Builders

Custom insurance packages for larger commercial home builders

General Remodeling

Business insurance for home remodeling and house-flippers

How We Protect Contractors

Here are just some of the ways we can help contractors with their insurance.

Important Insurance Coverages for Davie Contractors

As a South Florida Contractor, you are most likely always required to show proof of insurance in order to get licenses and to win contracts. Being properly protected can help you cover costs if you find yourself in the unfortunate situation of being accused of causing an injury or damaging property at a job site, or if someone says that your work mistake caused financial losses, the two policies needed are:

  • General Liability which is the basis of every insurance for contractors. This would protect you from a variety of claims including bodily injury, property damage, personal injury and other things that can arise from your business operations.
  • Errors and Omissions (E&O) covers you for cases where you are accused of not having done your job properly, whether that is true or not.

At The Bunker, we will help you make sure you are getting the necessary coverages and endorsements to be able to have you win those contracts.

Everything you Need to Know About Davie Commercial Auto

Commercial Auto Insurance in South Florida can be one of the biggest expenses your business has. Using your personal auto for work, will most likely not be acceptable when you are bidding on jobs. Large companies want to see you insure your vehicles on a commercial policy to be able to satisfy their requirements.

Commercial auto can help pay for:

  • Medical expenses
  • Property damage
  • Underinsured motorists
  • Collision repairs

As your business grows you will start adding vehicles to your company, having those vehicles titled to your business means that you have these benefits:

  • Higher limits of insurance available
  • Loading and unloading coverage
  • Hired & Non-owned coverage
  • Proof of insurance can be provided on a certificate of liability for your company

Why are Certificates of Insurance Important?

As a South Florida contractor, this is especially true. Insurance is what keeps you afloat. Being able to provide a Certificate of Insurance (COI) with adequate limits and the necessary policies for a bid or to a customer without hesitation will separates you from your competition.

You may try to bid for a job that is requiring you to have some specific language that you are not familiar with. Such as:

  • Blanket Additional Insured
  • Waiver of Subrogation
  • Primary and Non-Contributory
  • Per project vs Per location

Without some of the language above, your bid may be rejected on the spot by not meeting the minimum required coverage.

The Bunker can help you be prepared to win those contracts you are bidding on so you can focus on building your business!

 

Contractor Liability Frequently Asked Questions

The main difference is that General Contractors get involved in larger projects like a complete house renovation, since the General Contractor in many cases doesn't have an employee for every job that needs to be completed they will hire an Artisan Contractor that specializes in that area. 

The bond protects against disruptions or financial loss due to a contractor's failure to complete a project or failure to meet project specifications. Municipalities and government entities always request many types of bonds to have guaranteed performance. 

Here are some of the most popular bonds:

 

  • Performance bond
  • Bid bond
  • Subcontractor bond
  • Completion bond

Umbrella policies are design specifically to protect contractors from large lawsuits. 

What is covered? After a large claim has exhausted the underlying limit of your primary General Liability, then the Umbrella policy is triggered to cover the balance of the unpaid claim. An Umbrella policy will go over your Commercial General Liability, Commercial Auto, Workers Compensation.

The best place to cover this exposure is by scheduling the expensive items and obtaining blanket coverage for the miscellaneous tools and equipment in one lump sum amount using an Equipment Floater policy also known as Inland Marine. 

In Florida, you want to make sure that your Inland Marine policy has a low hurricane deductible, and that theft is included.

A certificate of insurance (COI) is an actual certificate issued to you that is your tangible proof that you are covered by the insurance policy you have purchased.

In addition to serving as proof of insurance, it also outlines the basic conditions of your policy. 

Start Your Contractors Quote Below:

  • This field is for validation purposes and should be left unchanged.
Call Email Certificate Request Blog
Skip to content