Protect Your Contracting Business with the Right Insurance
Running your contracting business takes a lot of work. Protect your assets with contractors insurance. Reduce the risk and protect your business with comprehensive coverage.
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Contractors Insurance
Contractors insurance is not a single coverage offer; instead it is a specific bundle designed to protect contractors against the many unique risks they face on job sites.
The brokerage team at Oegema, Nicholson & Associates understands the challenges of contracting businesses and can provide the perfect coverage packages at an affordable price.
What Does Contractors Insurance Include?
Contractors insurance can vary but it generally includes property damage, injuries to third parties, stolen tools, or damage to materials.
It’s important to understand the types of contractor policies available and the coverage you need so that your business is adequately protected. Generally, the types of policies a contractor needs includes general liability, commercial property insurance, and installation floater coverage.
General Liability Insurance
General liability insurance is a basic insurance coverage for businesses and contractors. This policy protects you from financial liability for job-site accidents or property damage.
It could cover legal defence costs, settlement fees, medical expenses, and property repair costs.
This is one of the most essential policies for a contractor; this can protect you years after a job.
Commercial Property Insurance
Commercial property insurance protects the physical assets of your contracting business, such as your tools, equipment, structures and materials. With commercial property insurance, these assets are protected from theft, fire, vandalism, and weather damage.
Even if you do not have a physical office, commercial property insurance is essential to protect your tools on and off the job site. This policy can extend to tools, equipment, office space, storage buildings, inventory, materials, and computers used for business operations.
Installation Floater Coverage
When you purchase supplies for a job, your business is taking an upfront risk. But with installation floater coverage, you can make that purchase knowing that your purchase is protected against loss, damage, or theft while in transit or before the materials are used at a job site.
You need this coverage to protect the materials stored at a job site, materials in transit to a job site, or materials temporarily stored off-site before installation.
What Impacts the Cost of Contractors Insurance?
Like all insurance policies, contractors insurance can be expensive. But when you compare the cost of the insurance premiums against the cost of repairing or replacing expensive items, it is worth it.
When considering contractors insurance, there are several factors that impact the price like type of work you do (e.g., high risk trades like roofing or demolition will cost more than low risk trades like flooring), your business size and revenue, how many employees you have, where you work, what you need covered, your claims history, and the tools or equipment that you’re insuring.
A trusted insurance brokerage like Oegema, Nicholson & Associates can help you navigate coverage options and find the best insurance rates in the industry.
Why Choose Oegema, Nicholson & Associates for Contractors Insurance?
Since 1961, Oegema, Nicholson & Associates has been building custom insurance policies for contractors like yourself. We pride ourselves on personalized, local service, and we always treat our clients like family.
As an independent brokerage, we have access to the best rates and we don’t have to cut corners to make it work.
What Our Clients Are Saying
Real stories from people who trust
Oegema, Nicholson & Associates Insurance
“One call to Oegema, Nicholson & Associates is all it took. After our basement flooded, within a day or two they had a crew cleaning everything up, taking down the drywall and itemizing everything to be cleaned, thrown out or restored. They had everything in place for us in a timely manner and were extremely patient with me as they talked me through the process and waited for me to make decisions.”
Jennifer Parks, Stittsville, Ontario
“I’ve been dealing with ONA for over 20 years with my personal insurance, as well as our commercial insurance, and I know I can rely on them for great customer service, and prompt responses. I feel confident not only referring them to my employees, but to our customers as well.”
Charlene Brunet, Butler Group of Company
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