How do you find the best Contractor Insurance Company for your business? Almost 60% of contractor businesses don’t have insurance. And, for those that do, it’s not always sufficient coverage. While safety procedures reduce incidents, they can’t be avoided entirely. Being inadequately insured can potentially cost your business up to $70,000 in fines.


7 Tips From The Experts

Let’s take you through 7 tips to find the best Contractor Insurance Company for your business.


1. Offering Insurance For The Lowest Possible Price

No-one wants to pay over-the-odds. Getting low-cost insurance is what you want from your Contractor Insurance Company. For example, you require Workers Compensation, Liability, and Property Coverage. You want the best coverage for a reasonable price.  Cheap insurance doesn’t mean inadequate coverage when you chose the right Contractor Insurance Company. 


2. Sharp Turnaround For Quotes

Your Insurance company should be able to provide you with quotes from at least 3 different sources, and activate your policy within seven days of receiving your information. Slow turnarounds mean delays in you starting your project. Delays cost you money. Choosing the right Contractor Insurance Company means you avoid these costly delays, and save yourself money.


3. Reviewing Your Insurance Requirements

A good Contractor Insurance Company should review your business insurance requirements. This will make sure the right coverage is being provided. For instance, you started with six full-time employees in May, but by July, you have two additional part-time employees. Your insurance provider should be able to review your insurance needs and update your policy to fit your business requirements.

4.. Offering Advice When You Need It Most

Your insurance agent should provide help and support when you need it most. For example, you aren’t sure what type of coverage you need and have questions on some specifics. The right Contractor Insurance Company will offer advice about policies, and offer tailor made coverage suited to your business needs.


5. Exclusively Deals In Contractors Insurance

The right insurance company for you is the one that specializes in Contractors Insurance. For instance, Farmer Brown Insurance offers General Liability, Property, and Commercial Vehicle Coverage, amongst many others. You benefit by dealing with the same company for all of your Contractor Insurance needs. We can roll all insurance requirements into one manageable policy for you.


6. A Variety Of Payment Options Available

Having a variety of financial and payment options is useful. Limited payment methods may mean you are unable to use that service. This could result in you missing out on a great policy for your business. You want an insurance provider with more payment options so you can hold the best policies which protect your business.


7. An Established History

There are reasons why an insurance company like Farmer Brown Insurance remains in business for over 20 years. We have an A+ rating with BBB, thousands of 5-star reviews and we’re licensed in all 50 states. You’re getting our knowledge and experience in good customer relations.


Choose Farmer Brown As Your Contractor Insurance Company 

Contractors Insurance protects your business when the worst happens. It’s the safety blanket your business benefits from. Let Farmer Brown Insurance find you the best insurance. Call us at (888) 973-0016 and get a FREE quote today.

Written by: John Brown
John has more than 25 years of experience in the insurance industry. He grew from a star insurance producer to owning one of the largest agencies in the country; he's a reference regarding contractor's insurance, commercial insurance, and builders' risk insurance.