Assurena Insurance Agency is an independent insurance brokerage agency that carries some of the best coverage options in the entire New USA.

Our Contacts

88 Centre Street North,
Toronto L4W 1C9
advisor@assurena.com admin@assurena.com
+1 (419)-507-0468
+1 (213)-345-0468

Working Hours

Monday
9.00 - 5.00
Tuesday
8.00 - 5.00
Wednesday
8.00 - 5.00
Thursday
8.00 - 5.00
Friday
8.00 - 4.00
Satureday
Closed
Sunday
Closed
Contractor Insurance

Contractor Insurance By Parson Insurance .

Contractor Insurance provided by Parson Insurance .

Client lawsuits are more common than you think; it’s estimated that 43% of small business owners have reported being threatened with or involved in a civil lawsuit. Contractor insurance can offer significant peace of mind if a customer decides to sue you over your services, even if you did nothing wrong.

25+ years in business
100% customer satisfaction
5 knowledgeable advisors
85+ coverage options

What is Contractors insurance ?

Contractor insurance is actually a term used to describe a bundle of policies that provide comprehensive coverage for general contractors. This coverage is meant to protect you from the biggest risks you face in your job, like property damage and injuries.

In the unfortunate case where you are held responsible for damages that occur to a third party — such as an individual, or a building property — you would be required to cover the entire cost of the injuries and damages. Having a policy will help you cover the cost of damages including potential legal defenses. 

Who needs Contractor Insurance ?

Contractors, subcontractors and independent tradesman should carry commercial insurance. It not only protects your business, but it’s often a requirement by many employers before you can start working for them. Common trades that need contractors insurance include:

  • Construction
  • Carpenter
  • Plumber
  • Electrician
  • Landscaper
  • Painter
  • Handyman
  • Heating & Air
  • Mason
  • And more!

It’s always good to have insurance in case of mishaps, even if you don’t contractually need coverage.

Why should you get Contractor Insurance for your contractor business?

We get that, as a business owner, you’re probably trying to budget as much as possible. That’s why it may be tempting to put off getting contractor insurance or avoiding it altogether, especially if you don’t feel like it adds any value to your business.

But here’s the thing: General contractors like you are at risk to the kind of property damage claims that can be absolutely catastrophic to your finances.

For example, if you get sued for accidentally causing significant property damage to a customer’s home, you may have to pay for legal fees and damages out of your own pocket – or your family’s finances – if you are not properly insured.

Speaking of getting sued, contractor insurance can offer significant peace of mind if a customer decides to sue you over your services, even if you did nothing wrong. Client lawsuits are more common than you think; it’s estimated that 43% of small business owners have reported being threatened with or involved in a civil lawsuit.

Additionally, many states require contractors to carry insurance, especially if they have employees or work on certain projects. Plus, if you want to be licensed as a contractor, you will need to show proof of insurance.

Oh, and one more thing: Many customers won’t work with you if you’re not licensed and insured. There’s a lot of advice out there warning people to only work with insured contractors, so it’s a good idea to get this coverage if you want to increase your clientele base.

Contractors insurance depends various factors like the types of projects you work on, where your projects are located, your payroll and the kinds of jobs our employees do and the number and types of vehicles you use at work. It can get confusing sometimes, we can help you package your contractors insurance talk to us today to know more .

Already Have Contractor Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.

Request a Quote

Get personalized Contractor Insurance

    Skip to content