What Is Contractors Insurance and Why It’s Essential in San Antonio

Contractors insurance generally refers to a group of policies specifically designed for construction professionals, helping to address the risks associated with working in the construction industry.

Why Is Contractors Insurance Important in Texas?

Construction sites in Texas can be unpredictable; accidents or lawsuits can occur at any time, affecting any contractor. Without insurance, incidents could lead to expensive legal fees, medical bills or property repairs. Many clients and project owners in San Antonio also require proof of insurance before awarding contracts, making coverage necessary for securing new projects.

What Does Contractors Insurance Cover?

Contractors insurance can include multiple types of coverage related to construction work, such as the following:

• General liability insurance can prevent financial loss from third-party claims of bodily injury, property damage or personal and advertising injury.
• Workers’ compensation insurance may cover medical treatment and partial wage replacement for workers who experience a job-related injury or illness.
• Commercial auto insurance can cover vehicles used for business purposes.
• Tools and equipment coverage may pay to replace or repair tools and equipment if they are stolen, lost or damaged by covered events.
• Professional liability insurance can provide financial support if a client alleges that the work performed was flawed or caused financial harm.

Secure a Policy Today

Bienvenido Insurance understands the regulations and challenges specific to Texas and is committed to helping you find suitable coverage. If you would like to discuss your contractors insurance options or get a personalized quote, contact us today.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.