Contractors Insurance in Des Moines IA & West Des Moines IA

All contractors must do their work with the greatest care. They aim to build structures that have low risks of sustaining damage or causing safety hazards. However, many contractors will face operational risks that could trigger problems at inconvenient times. Fortunately, securing appropriate insurance coverage can help you cover the costs of these issues.

Here at Bishop White Insurance & Financial Services, Inc., we understand that the insurance that is right for your contracting business must be unique. We will help you get reliable, tailored and affordable coverage against numerous loss scenarios. We proudly serve Des Moines, IA and the surrounding area, and all you have to do to get customized coverage is to call us.

What Is General Contractors Insurance? 

Though every contractor is different, and their insurance needs will vary, many contractors opt to purchase a handful of policies to protect their business from all angles.

Just a few of the policies you might need include:

• Property insurance—This coverage will insure your company assets—such as buildings, stock, inventory, equipment and furnishings. 
• General liability insurance—Your mistakes might cause property damage or bodily harm to others, such as your customers, and this policy can help you compensate that party if they sue you for their losses. 
• Business interruption insurance—If an unexpected accident forces you to halt operations temporarily, this coverage can pay overhead expenses and other costs until you reopen. 

• Commercial auto insurance—Vehicles owned by your business must adhere to state auto insurance laws; you can use this plan to cover the costs of wrecks or other hazards. 
• Professional liability insurance—When your professional advice causes a client financial harm, this coverage pays for your recovery costs. 
• Builder’s risk insurance—Projects in progress and the materials associated with them will have coverage against perils such as fires, vandalism and severe weather damage. 
• Workers’ compensation insurance—You will likely be required to buy this coverage; it helps you compensates employees for medical expenses and lost wages after an on-the-job injury. 
• Surety bonds—A surety bond is a legal guarantee that obligates you to repay your clients if you fail to meet the obligations guaranteed by your contract. 

• Equipment insurance—To protect employee equipment and other essential items, you will need to make sure they have the appropriate coverage. 

Policy endorsements and supplementary coverage are available for many plans. The more you can customize your coverage, the better it will come to your aid if a claim scenario ever arises.

When it comes to securing coverage that meets both your risk management and budgetary needs, Bishop White Insurance & Financial Services, Inc. is equipped to offer solutions that are best for your company. You can trust us with all your contracting insurance needs, and rest assured that your plans will be both expansive and affordable. Just contact us today to get started.