contractors insurance Texas

Contractors Insurance in Texas

Texas Roots. National Reach. Real Coverage. Learn more about our Contractors Insurance policies. From coast to coast, we help individuals and businesses protect what matters most.

Get a Contractors Insurance quote from our Texas experts


Dagley Insurance

Contractors Insurance in Texas in Texas

What is contractors insurance?

Contractors insurance is a specialized commercial insurance policy designed to protect contractors and their businesses from potential risks and liabilities. It includes a combination of policies such as general liability insurance, workers’ compensation, commercial auto insurance, and tools and equipment coverage. This type of insurance ensures that contractors can operate with peace of mind, knowing they are protected against accidents, property damage, and legal claims.

Contractors

What is included in the coverage for contractors insurance?

Contractors insurance covers a wide range of risks that contractors face daily. Here’s what you can expect:

  1. General Liability Insurance: Protects against claims of bodily injury or property damage caused by your business operations. For example, if a client gets injured on your job site, this coverage can help pay for medical expenses or legal fees.
  2. Workers’ Compensation Insurance: Covers medical expenses and lost wages for employees injured on the job. In Texas, this coverage is optional for some contractors but highly recommended for added protection.
  3. Commercial Auto Insurance: Provides coverage for vehicles used for business purposes, including accidents, property damage, and theft.
  4. Tools and Equipment Insurance: Covers the repair or replacement of tools and equipment lost, stolen, or damaged during a project.
  5. Professional Liability Insurance: Protects against claims of negligence or mistakes in the services you provide.
  6. Builder’s Risk Insurance: Covers damage to buildings or structures under construction, including materials and supplies.

 

 

Get a Quote

Provide us with your details, and we'll create a personalized quote designed specifically for your Contractors Insurance needs.


contractors insurance Texas

Are independent contractors in Texas required to carry insurance?

In Texas, independent contractors are not legally required to carry insurance, unless they work in specific industries that have such requirements, such as construction. However, having insurance is highly recommended to protect against potential liabilities and risks that may arise while working. Contractors may choose to carry general liability insurance, workers’ compensation insurance, or other types of coverage depending on the nature of their work and client requirements.

  • Contractor insurance may cover construction defects discovered after project completion, but it depends on the type of policy. A general liability policy may provide coverage for certain damages resulting from construction defects, while a builder’s risk policy typically does not. For more comprehensive protection, contractors may need completed operations coverage or professional liability insurance to address claims related to workmanship or design flaws. It’s important to discuss these needs with an insurance agent to ensure proper protection against post-completion issues.

  • In most cases, general liability and other contractor policies cover all the projects undertaken by the insured during the policy period. This means that if a contractor is working on several projects at once, the policy can extend protection across all of them. However, it’s important to note that the coverage limits are typically shared across all projects, so if a claim arises from one project, it could reduce the amount of coverage available for the others. For contractors working on high-value or complex projects, it may be advisable to consider additional coverage or project-specific policies to ensure adequate protection for each individual project. This can help prevent situations where one large claim negatively impacts coverage for other ongoing work.

  • Contractor insurance generally does not automatically cover subcontractors. Subcontractors are usually required to carry their own insurance, such as general liability and workers’ compensation, to protect themselves and the contractor from potential liabilities. However, some policies may offer limited coverage for subcontractors if they are explicitly listed as additional insureds. Contractors should verify this with their insurance provider and require proof of insurance from subcontractors.

  • The cost of contractors insurance in Texas can vary based on several factors. Here are the key elements that influence pricing:

    1. Type of work: High-risk trades like roofing or demolition generally have higher premiums compared to lower-risk trades such as painting or landscaping.
    2. Business size: The number of employees you have and the size of your projects can impact the cost. Larger businesses typically face higher premiums.
    3. Coverage limits: Higher coverage limits mean better protection but also increase the premium.
    4. Location: Where you operate in Texas can influence costs due to regional risks, local regulations, and weather conditions.
    5. Claims history: A history of frequent claims may lead to higher premiums as insurers see your business as a higher risk.
    6. Experience and certifications: Experienced contractors with certifications and safety training may enjoy lower rates.

How can businesses in Texas get contractors insurance?

Reach out to the independent agents at Dagley Insurance Agency for a fast quote on contractors insurance in Texas. Our experienced team understands the unique risks contractors face and is committed to helping you find the right coverage to protect your business and livelihood. Whether you’re a small contractor or managing a large operation, we’ll work with you to customize a policy that fits your needs and budget. Don’t leave your business vulnerable—secure peace of mind with reliable coverage. Contact Dagley Insurance Agency today and take the first step toward safeguarding your future.

Get a Quote

Share your details with us, and our team of friendly agents will be in touch with you soon!