Insurance for Remodelers and Remodeling Contractors in Texas

Remodeling a home or even an office can take a lot of time, with the modifications sometimes lasting for several months. In the time that it takes to get the job done, you will find that your workers and your company properties are always exposed to numerous hazards that can cost you a lot of money. Thankfully, accidents, breakdowns, and other similar occurrences can be covered by a comprehensive insurance package.

There are many good reasons why remodelers and remodeling contractors should get insurance, and these include protection from litigation, as well as from huge financial losses due to circumstances that are beyond their control. For instance, having a remodeling contractor's insurance will help not only when your workers find themselves injured, but also when clients themselves get hurt onsite. Your insurance will help cover the medical bills and even the legal fees that may arise from such incidents.

Types of insurance policies remodelers should consider

There are a number of different kinds of insurance types that you, as a remodeling contractor, should consider getting for your business. Here are some of them:

  • Commercial general liability insurance – A general liability insurance policy is what you need to protect your business from common liability claims, like those for property damage, bodily injury, and advertising injury. Anything can happen, and not having basic coverage provided by a commercial general liability insurance to protect you from unexpected events could mean losses in the form of litigations, medical bills, repairs, etc.
  • Workers' compensation insurance – Protecting your workers and keeping them safe in your worksite is essential, but there are times when fate deals you a low blow and one or more of your workers suffer from injuries or illnesses due to a project they are working on. When this happens, workers' comp can shoulder the costs of your employees' medical bills, rehabilitation fees, and lost wages. Should the injury result in the death of the worker, this can also provide death and burial benefits to the family they'll leave behind.
  • Commercial auto insurance – Bringing your equipment and materials to and from your worksite requires a vehicle, but your company's transportation workhorse can find itself in accident much like anything else on the road. Protect yourself and your assets with the help of commercial auto insurance, which covers vehicles that are used for business. Coverage can include damage to your vehicle due to collision, personal injury, damage to other people's property, and even losses that are a result of theft, fire, and vandalism, to name a few.
  • Professional liability insurance – Being a remodeler is your profession, and remodeling homes and offices is what you do best. Sometimes, however, even the best tradesmen still find themselves in a tight spot because clients make claims against their workmanship. Professional liability insurance is made to protect your business from such claims. Some of the things that clients have been known to sue businesses for include: mistakes in the service provided; not doing what was agreed upon; and negligence that resulted in injury or property damage. This policy can cover litigation fees and any financial compensation that the court might order you to settle.

If you are a remodeler or a remodeling contractor, it is indeed a good idea to protect your livelihood with the right kind of insurance coverage. We make insurance simple. Contact Quote Texas Insurance for more information on the policies you might need and what benefits you will gain from them.