Contractor Solutions

General liability insurance for contractors protects construction businesses from high-cost, third-party claims involving bodily injury, property damage, and personal injury, such as libel or slander. It is essential for covering legal fees, medical bills, and damages if a contractor is held responsible for accidents during, or shortly after, a project.

Professional liability insurance for contractors, often called Errors & Omissions (E&O) or professional indemnity insurance, covers financial losses, lawsuits, and legal defense costs resulting from alleged negligence, errors, or omissions in professional services. Unlike general liability, it covers economic damages caused by faulty advice, design mistakes, or negligent work rather than just physical property damage or bodily injury.

Builders risk insurance, also known as "course of construction" insurance, is a specialized property policy that protects buildings, materials, fixtures, and equipment during construction or renovation projects. It covers damage from perils like fire, windstorm, theft, vandalism, and lightning, protecting the financial interest of owners and contractors. 

For contractors is specialized coverage protecting unoccupied structures, renovation sites, or buildings between tenants from risks like theft, vandalism, and fire. It bridges gaps in standard policies, protecting contractors from liability for injuries on site and damage to the structure during construction. 

A legally binding three-party agreement that guarantees a contractor (principal) will complete a project and pay subcontractors/suppliers according to the contract, protecting the project owner (obligee) from financial loss. If a contractor defaults, the surety company ensures the contract is finished or compensates the owner, with the contractor required to repay the surety for any claims.