Fail Safe for General Contractors
As a contractor, each job you win brings in extra money but it also brings extra risk. An accident could cause injuries or damage to property leading to a financial loss that can potentially overwhelm your business with financial liabilities. To assist with these concerns, our team has an offer called Fail Safe to help our builders properly transfer their risk.
Protection for every budget or job
Who Needs Construction Insurance?
Any person or business working in construction trades: building construction, heavy construction or home improvement. We offer coverage for every trade, including:
- Contractors Insurance
- Carpenter Insurance
- Plumber Insurance
- Handyman Insurance
- Electrician Insurance
- Masonry Insurance
- Security Company Insurance
- Home Builder Insurance
- Developer Insurance
- Renovation Insurance
- Welding Insurance
- Artisan Insurance
- And more…
Insurance keeps working, even after the job is done
Even when the job is finished, there is plenty more work to be done. You may have connected the final fixtures, flipped the switch, and handed over the keys, but the potential liability from your work goes on.
Our insurance keeps protecting you from any accidents or faults that may allegedly result from work you’ve overseen or performed. In the trades, you need a solid contractor insurance policy that keeps working to protect you long after you have moved to the next job site.
What does contractors insurance cover?
What about the cost?
Insurance Compliance
Trade contractors sign many contracts in order to work for their general contractors. Those contracts outline certain obligations that pertain to their insurance coverage. Compliance with the insurance requirements is an important obligation particularly when there is a claim. Noncompliance with insurance requirements really means there could be a mess in the event of a claim for both the trade contractor and the general contractor.
Lewis Insurance Agency offers our trade contractors a program we call LIA Certified to help our contractors stay compliant and avoid the mess of a potential uncovered claim.
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Fail Safe for General Contractors
- A typical project for a general contractor could produce a large loss on any given day. Generally, the general contractor is responsible for jobsite safety. They assume considerable liability for the safety of everyone who is on the jobsite. The general contractor is also liable for the construction of the project. The exposure to a construction defect suit goes until the State’s the statute of repose. The subcontractors who perform the work generate most all the exposure to the general contractor. It is important for the general contractor to transfer that risk back to the subcontractors.
- We recognize that this can be a very complex task that requires specialized knowledge, experience, and ongoing attention to the changes with the subcontractors and their insurance. To assist with these concerns, our team has developed an offer called Fail Safe to help our builders properly transfer their risk.
