Wisconsin General Contractors Insurance
We receive calls for general contractors insurance every single day. Insurance companies consider a general contractor to be a business that sub-contracts 25-35 or more of their business out to others, subcontractors. Many contractors believe a general contractor is a company that handles multiple tasks. That could very well be true, but for smaller to medium-sized contractors, the 35-35% guideline is more relevant. Perhaps so, but not in the eyes of the insurance company. So, a Wisconsin general contractor looking for general liability insurance should carry limits of coverage of $1,000,000/$2,000,000 or more.
The first number is the occurrence limit. That means the maximum amount paid per claim. The other number is the aggregate limit, meaning the maximum amount the insurance company will pay per policy year or term.
There may also be a property damage deductible to consider when purchasing this type of insurance. Typical property damage deductibles are $1,000 – $2,500 for small to medium-sized Wisconsin contractors. For a more detailed definition, click here: General Liability Insurance
Wisconsin paper contractors and home builders would typically be considered general contractors, too. Many types of contractors can be general contractors. Masons, concrete, drywall, electricians, HVAC, sheet metal workers, bricklayers, painters, tile setters, carpenters, roofing, framers, plumbers, and cabinetmakers may all need general contractors’ insurance. Size, type of projects, and amount of work subcontracted out are all factors in the rates.
This higher percentage of work sub-contracted out would make you in-eligible for many small WI contracting insurance programs. Rates tend to be higher for general contractors because you give up control, and projects are larger. Protect your assets and do business with us. Read our Bio, then request your quote. Just complete our short form to the right, and we will rush a general contractors insurance quote back to you. If you prefer, give us a call at 952-222-8073. You will receive the same lightning service at low rates. Let’s do business! Your general contractors insurance quote is just a click or call away.
Wisconsin General Contractors Insurance
We receive calls for general contractors insurance every single day. Insurance companies consider a general contractor to be a business that sub-contracts 25-35 or more of their business out to others, subcontractors. Many contractors believe a general contractor is a company that handles multiple tasks. That could very well be true, but for smaller to medium-sized contractors, the 35-35% guideline is more relevant. Perhaps so, but not in the eyes of the insurance company. So, a Wisconsin general contractor looking for general liability insurance should carry limits of coverage of $1,000,000/$2,000,000 or more.
The first number is the occurrence limit. That means the maximum amount paid per claim. The other number is the aggregate limit, meaning the maximum amount the insurance company will pay per policy year or term.
There may also be a property damage deductible to consider when purchasing this type of insurance. Typical property damage deductibles are $1,000 – $2,500 for small to medium-sized Wisconsin contractors. For a more detailed definition, click here: General Liability Insurance
Wisconsin paper contractors and home builders would typically be considered general contractors, too. Many types of contractors can be general contractors. Masons, concrete, drywall, electricians, HVAC, sheet metal workers, bricklayers, painters, tile setters, carpenters, roofing, framers, plumbers, and cabinetmakers may all need general contractors’ insurance. Size, type of projects, and amount of work subcontracted out are all factors in the rates.
This higher percentage of work subcontracted out would make you ineligible for many small WI contracting insurance programs. Rates tend to be higher for general contractors insurance because you give up control, and projects are larger. Protect your assets and do business with us. Read our Bio, then request your quote. Just complete our short form to the right, and we will rush a quote back to you. If you prefer, give us a call at 952-222-8073. You will receive the same lightning service at low rates. Let’s do business!