Contractors Insurance Services

At PSA Insurance Services, contractors and construction businesses are a core part of what we do. We understand that construction insurance involves more than simply purchasing a general liability policy. Your coverage needs can be affected by the work you perform, the projects you take on, the subcontractors you hire, the vehicles and equipment you use, and the insurance requirements contained in your contracts.

Our experienced team works with contractors to develop insurance programs designed around their operations and exposures. As an independent insurance agency, PSA has access to multiple insurance carriers and specialty markets, allowing us to evaluate coverage and market options for businesses ranging from artisan contractors to established construction companies.

General Liability Insurance

Commercial General Liability is a foundation of most contractors' insurance programs. It can provide protection against covered claims involving bodily injury, property damage, and other liability arising from your business operations.

Contractors also frequently face specific contractual insurance requirements, including additional insured status, primary and non-contributory coverage, waivers of subrogation, completed operations coverage, and required limits. Our team can help you understand these requirements and determine whether your insurance program can meet them.

Tools & Equipment / Inland Marine

Contractors depend on tools and equipment every day. Inland Marine coverage can help protect contractor-owned tools, mobile equipment, and other property that travels between your office, storage locations, and job sites.

Coverage can be structured for smaller tools as well as individually scheduled higher-value equipment, depending on your operations and the property you need to protect.

Builders Risk / Course of Construction

Builders Risk insurance provides property coverage for buildings and structures while they are under construction, renovation, or remodeling.

Coverage may include the structure, building materials, supplies, and other property associated with the project. Builders Risk is also frequently required by lenders, property owners, or construction contracts.

Because responsibility for obtaining Builders Risk coverage can vary by project, it is important to understand the construction contract and determine which party is responsible for arranging coverage.

Workers' Compensation

Workers' Compensation insurance provides benefits to employees who suffer work-related injuries or illnesses and is an essential part of a contractor's insurance program.

Subcontractors can create additional Workers' Compensation exposures as well. Contractors should have procedures for verifying subcontractor insurance and maintaining current certificates of insurance. Uninsured or improperly insured subcontractors can affect both your exposure and your Workers' Compensation audit.

PSA can help contractors understand these exposures and establish insurance practices that better protect their businesses.

Commercial Auto Insurance

Contractors often have significant commercial auto exposures, including company-owned trucks and vans, employees driving for business, trailers, and vehicles transporting tools and equipment.

Commercial Auto insurance can provide liability and physical damage coverage appropriate for vehicles used in your business. Depending on your operations, your insurance program may also need to address hired and non-owned auto exposures.

Umbrella & Excess Liability

Many construction contracts require liability limits greater than those provided by the underlying General Liability or Commercial Auto policies.

Commercial Umbrella or Excess Liability coverage can provide additional limits above designated underlying policies and may be necessary to satisfy contractual or project requirements.

Contractor Bonds

Contractors may need license, permit, bid, performance, payment, or other surety bonds depending on their trade, licensing requirements, and the projects they perform.

PSA Insurance Services can assist contractors with both their insurance and surety needs.

Insurance Solutions Built for Contractors

Construction businesses face risks and insurance requirements that can change from one project to the next. PSA Insurance Services combines construction insurance experience with access to multiple insurance carriers and specialty markets to help contractors build insurance programs appropriate for their businesses.

Whether you're an artisan contractor, general contractor, specialty trade contractor, or established construction company, our team is ready to help.

Request a contractor insurance quote or contact PSA Insurance Services to discuss your current insurance program.