Three Questions To Ask When Shopping For Contractor Insurance in Orlando

Three Questions To Ask When Shopping For Contractor Insurance in Orlando

Contractor insurance, also referred to as construction insurance, is a necessity for both small and large contractors. Its purpose is to lessen your financial risk from unforeseen circumstances during the course of a construction project. Most contractor insurance in Orlando remains in effect one year from the issue date or until the project is completed, whichever one comes first. Contractor insurance covers all of your construction equipment, building materials and other property on the job site. When shopping for construction insurance and comparing policies, here are three questions you will want to ask.

Do you offer same day service on the delivery of certificates?Contractor insurance

As a contractor, you know that time is money! The quicker the insurance company can deliver the certificate for your next job, the less down time you will experience and the more money you will be able to make. Companies that have the ability to provide certificates via e-mail will be even faster.

Can the certificate be extended?

No matter how efficient you and your crew are, you will likely suffer delays from subcontractors and/or your clients. In the event that you will not be able to complete the job within the timeframe on the certificate you will want a carrier that allows you to extend the certificate of insurance.

Are items in transit covered?

Some—but not all—contractor insurance policies also include coverage for materials that are damaged while in transit to the jobsite. For instance, if you were involved in an automobile accident while pulling a trailer loaded with tools and materials for a particular job, the contractor insurance would cover the replacement cost of those items. This is extremely beneficial coverage to have.

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