Coverage
General liability and commercial property in one package, usually cheaper than buying them separately.
Who needs it: Contractors with a fixed location: a shop, a yard, a warehouse, or an office. If you work entirely out of a truck and have no premises and no stock, g...
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These are the gaps that turn into denied claims, so it is worth knowing where this policy stops.
Contractors with a fixed location: a shop, a yard, a warehouse, or an office. If you work entirely out of a truck and have no premises and no stock, general liability alone may be the better buy.
Building coverage on the replacement cost of the structure, and contents on the replacement cost of what is inside. Business income should cover at least a realistic number of months of lost profit.
There is no single price, because the price follows your operation rather than the policy name.
Only if you have property worth insuring. The BOP bundles liability with property and business income. If you have a shop with equipment and stock, the package is usually better value than separate policies. If you work from a truck, you may not need the property half at all.
Sometimes, as contents, but usually with a limit far below what a contractor's tools are worth, and often with a lower sub-limit for tools in transit. Check the sub-limit, then consider inland marine for the difference.
It replaces the profit you lose while your business cannot operate after a covered loss, and it can include the cost of operating from somewhere else. Without it, a fire in the shop stops your income as well as your work.
No. Flood needs a separate flood policy, whether from the NFIP or a private carrier. Wildfire is generally covered under a commercial property form, but check the wording for your area.
Tell us your trade, payroll, state and what your contract requires.
