Jobsite Security: On the Job and on Paper.

As a contractor, one of the most essential aspects of your job is ensuring projects are completed on time, within budget, and to the highest standards. If only those were your only concerns. However, as business owners are well aware, there are many other challenges facing contractors. From accidents and injuries to theft and property damage, you need an insurance policy that is working just as hard for you, behind the scenes. This is where Select Contractors Insurance comes in, providing vital protection to safeguard your business and ensure peace of mind, allowing you to achieve beyond your imagination.

Jobsite Risks and Fears

As a contractor, you know the risks and challenges facing a jobsite better than anyone. Whether you're working on a construction site, renovating a building, or completing an outdoor project, you’re exposed to a variety of risks. These include, but aren’t limited to:

• Accidents and injuries: With workers operating heavy machinery, using power tools, or working at heights, the likelihood of accidents is high.
• Theft: Construction sites are often targets for theft due to the valuable equipment, tools, and materials stored there.
• Property damage: Accidents on the jobsite can lead to property damage. Whether it’s a neighboring property, a structure being renovated, or your own equipment, the financial implications of such damage can be overwhelming.
• Natural disasters and weather: Inclement weather can cause damage to a jobsite, delaying work, and lead to financial loss. In some cases, severe weather can destroy buildings under construction, adding to the risks contractors face.

With these and other potential risks at every jobsite, securing your business with contractor's insurance is non-negotiable. Hastings is the agile, innovative carrier whose programs are designed to specifically protect your unique business.

How Select Contractors Insurance Helps

Select Contractors Insurance is specifically designed to address the unique needs of contractors, providing a comprehensive safety net that protects you from a wide range of risks. Whether you're an independent contractor, a general contractor, or a business owner overseeing multiple projects, having the right commercial insurance can prevent a small setback from turning into a catastrophic financial burden.

Here’s how the contractor's insurance can protect your business:

1. Coverage for Sub-contractors

When you hire sub-contractors to work on your projects, you are still responsible for their safety and the quality of the work they do. Commercial insurance policies for contractors often include coverage for sub-contractors, extending your protection beyond a basic policy. This is vital to ensure you don’t end up paying for mistakes or incidents that are out of your control.

2. Builder’s Risk & Installation Floater Insurance

One of the most important types of coverage for contractors is Builder’s Risk insurance. This covers property damage during the construction process, ensuring that your project is protected from unforeseen events such as fire, theft, or vandalism. “Floater” coverage is for anything that floats, or moves from place to place — like your supplies and building materials. It also covers damage to the structures you’re working on, including scaffolding, foundations, and more. Hastings offers automatic coverage of $5,000 with additional limits available.

3. Business Income Coverage

If you can’t operate your business because your insured property or equipment is damaged, we’ll help cover your costs, up to the actual amount of lost income.

4. Small Tools and Equipment Protection

Tools and equipment are essential to the day-to-day operations of any contractor. However, these items can be costly, and they are frequently at risk of being damaged, lost, or stolen on the jobsite. Commercial insurance for contractors can cover small tools, offering protection for theft or damage while on-site.

5. Signs Attached to Buildings

As part of your branding and marketing efforts, you might market using signs. These signs can be valuable, and if they’re damaged or stolen, it could lead to unnecessary costs. Thankfully, Contractor’s insurance with Hastings includes coverage for signs that are attached to buildings.

The Benefits of Commercial Insurance for Contractors

Commercial insurance provides a wide range of benefits for contractors, offering more than just protection for your physical assets. Here are some of the key benefits:

• Peace of mind: Knowing that you have insurance coverage in place gives you peace of mind, allowing you to focus on delivering quality work without constantly worrying about the potential risks on the jobsite.
• Legal compliance: In many states, contractors are legally required to carry certain types of insurance, such as Workers' Compensation and General Liability. Having the right commercial insurance ensures that you meet these requirements.
• Risk mitigation: Commercial insurance helps mitigate the financial impact of unexpected events, including theft, property damage, and work-related injuries. It’s an investment in the stability and future success of your business.

Hastings even has a dedicated team of Loss Control Consultants who want to help you keep your business protected, beyond the basic policy. At no extra cost to you, our Loss Control Consultant will partner with you to review extra ways to safeguard your business. From personalized safety plans to online resources, our Loss Control team is here to help support you, in your day-to-day operations.

Hastings Select Contractors Insurance Is Here to Help

Jobsite security is a crucial part of every contractor’s business, and having the right insurance coverage is essential for managing the risks that come with the job. With Select Contractors Insurance from Hastings, you can protect yourself, your workers, and your clients from unexpected setbacks and costly liabilities. We’re the modern, agile insurance provider that makes protecting your business our life.

Whether you're a general contractor or an independent business owner, Commercial insurance is a must. With coverage from top to bottom, Hastings Select Contractors insurance helps secure your business and ensures that you can dream beyond the basics.