Call Us 828.452.4699 ☰ ˟
828.452.4699 | 219 Walnut Street | Waynesville, NC 28786
| Superior Service and Peace of Mind
Logo
  • Our Agency
    • AboutImage of right arrow
      • Our Staff
      • Our Location
    • Get A Quote
    • Our Providers
    • BlogImage of right arrow
      • Tips to Handle Stress
      • Tax Season FAQs
      • Tips for Being a Responsible Pet Owner
      • Winter Safety Tips
    • Contact UsImage of right arrow
      • Overbay Insurance
    • Testimonials
  • Products
    • Home & Auto Insurance
    • Auto InsuranceImage of right arrow
      • Liability Coverage
      • Classic Car Insurance
      • Comprehensive Coverage
      • Collision Coverage
      • Uninsured & Underinsured Motorist Coverage
      • Roadside Assistance
      • Specialty Auto Insurance
      • 24-Hour Customer Service
      • Towing
      • Rental Reimbursement
      • Medical Payments Coverage
    • Home InsuranceImage of right arrow
      • Property Insurance
      • Homeowners Liability
      • Renters Insurance
      • Mobile Home Insurance
      • Earthquake Insurance
      • Secondary Home Insurance
      • Scheduled Property Insurance
      • Landlords Insurance
      • In-Home Business Insurance
    • Vacation Rental Property Insurance
    • Other Personal InsuranceImage of right arrow
      • Identity Theft
      • Jewelry Insurance
      • Personal Umbrella Insurance
    • Coverage for Your BusinessImage of right arrow
      • Business Owners Policy (BOP)
      • Commercial Auto Insurance
      • Commercial General Liability
      • Contractors Insurance
      • Loss Control Insurance
      • Workers Compensation
    • Coverage for Specific IndustriesImage of right arrow
      • Accounting Firm Insurance
      • Alarm Contractors Insurance
      • Insurance for Arborists
      • Builders Risk Insurance
      • Construction Insurance
      • Consulting Firm Insurance
      • Convenience Store and Gas Station Insurance
      • Specialty Trade Contractors Insurance
      • Craft Brewery Insurance
      • Educational Facility Insurance
      • Financial Institution Insurance
      • Funeral Home Insurance
      • Water Well Drillers Insurance
      • Tow Trucks Insurance
      • Healthcare Facility Insurance
      • Healthcare Practice Insurance
      • HVAC Contractors Insurance
      • Landscaping Insurance
      • Law Firm Insurance
      • Limousine Services Insurance
      • Livestock Insurance
      • Maintencance Contractors Insurance
      • Manufacturing Insurance
      • Maritime Employers Insurance
      • Media & Advertising Insurance
      • Orthotics & Prosthetics Insurance
      • Technology Services Insurance
      • Personal Trainer Insurance
      • Pool & Spa Insurance
      • Printers & Publishers Insurance
      • Real Estate Businesses Insurance
      • Retail Insurance
      • Scrap Metal Insurance
      • Security Guards Insurance
      • Self-Storage Insurance
      • Septic Contractors Insurance
      • Specialized Truck Equipment Insurance
    • Business InsuranceImage of right arrow
      • Commercial Property Insurance
      • Inland Marine Insurance
      • Commercial Umbrella Insurance
      • Professional Liability
      • Crime Insurance
    • Life InsuranceImage of right arrow
      • Individual Life Insurance
      • Long-Term Care Insurance
      • Mortgage Protection Insurance
      • Disability Insurance
      • Second-To-Die Policy
      • Key Person (Key Men) Insurance
    • Recreational Vehicle InsuranceImage of right arrow
      • Boat Insurance
      • Golf Cart Insurance
      • Motorcycle Insurance
      • Motorhome Insurance
      • ATV Insurance
      • Snowmobile Insurance
    • Additional Insurance ServicesImage of right arrow
      • Vacation Rental Insurance
      • Rideshare Insurance
      • Special Event Insurance
  • Contact Us
    • Overbay Insurance
    • Location & Hours
    • Get A Quote
  • Epay Policy
Home > Blog > What Type Of Insurance Should An Independent Contractor Carry?
FRIDAY, JANUARY 7, 2022

What Type Of Insurance Should An Independent Contractor Carry?

No matter whether you have a specialty or offer general contracting services, it’s important to carry the right type of insurance to protect yourself and your business. There are several different policies and coverages available, but it can be hard to tell which ones are best for your business. 

Common Coverages for Contractors 


Some of the most common and necessary insurance policies for contractors include: 

General Liability 

General liability insurance covers accidents of bodily injury, property damage and personal or advertising injury caused by the contractor’s everyday work activities. For example, if a client trips over a piece of equipment, the resulting injury and its medical expenses will be covered under the contractor’s general liability insurance. This insurance will also cover claims of property damage, libel, slander, and copyright infringement. 

Commercial Property 

Whether you have a physical location or not, commercial property insurance can protect your business by insuring the physical assets from fire, wind, hail, lightning, smoke, theft and vandalism. 

Professional Liability 


While general liability insurance covers acts of non-professional negligence, professional liability insurance covers accidents of professional negligence. This means it covers costs related to an accident directly tied to the specialty or service offered by a contractor. For example, if you install a sewer system and faulty screws cause it to burst later, the client can then sue for professional negligence in order to receive compensation for the damages. Professional liability insurance can help with the damages and possible legal fees. 

Commercial Auto Insurance 

Most contractors use vehicles to travel between clients. Even if the vehicle you use is a personal one, you may need commercial auto insurance. On average, personal auto insurance policies don’t cover accidents that occur while the vehicle is being used for work purposes. This is why contractors purchase commercial auto insurance. This insurance provides a lot of the same coverages as a personal policy, but it is geared specifically for a work vehicle. 

Combining Coverages 

In order to save money and simplify your policy, you can often combine coverages. A common bundle used by contractors is a business owners policy, which combines general liability and commercial property insurance into one comprehensive policy. These policies are also flexible, where you can add different coverages according to your business’ needs. 

Speak with your Overbay Insurance Services representative about bundling coverages to save money. 
Posted 10:58 AM

Tags: contractors, insurance, coverage, general, liability
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2020

  • home insurance(4)
  • auto insurance(3)
  • coverage(2)
  • business insurance(2)
  • life insurance(2)
  • insurance(2)
  • teen driver(1)
  • policy(1)
  • contractors(1)
  • contractor insurance(1)
  • homeowners(1)
  • car insurance(1)
  • auto(1)
  • liability(1)
  • car(1)
  • vehicle insurance(1)
  • general(1)
  • review(1)
  • new driver(1)
  • host liability insurance(1)

View Mobile Version
Logo
Social Social Social Social
Quick Links Home About Us Refer A Friend Contact Us
Location 219 Walnut Street | Waynesville, NC 28786
Contact
Office: 828.452.4699 | Fax: 828.452.5995
Email: jon@overbayinsurance.com
© Copyright. All rights reserved. Powered by Insurance Website Builder