Contractor Insurance

Nothing gets built without contractors supplying their essential skills to a project. From the development of the design to the finishing touches, contractors are involved in every step of the process. As a matter of fact, most contemporary project developers want a contractor that provides the expertise and manpower to build a project from scratch completely through the final punching necessary before the home or facility can be used. But the truth is, most building projects will include multiple specialized contractors who will work with other companies operating in a teamwork fashion. Each company is liable for their own work, but the lines can get blurred when problems arise, and liability is being determined. This potential scenario is exactly why all contractors need effective insurance policies protecting the company in avoiding litigation.

Protecting Your Work
Contractor insurance is typically structured to provide protection for specific construction operations. Risk exposure varies according to the particular service expertise a contractor provides, and those providing multiple services in the whole of a project will always assume more risk than one contractor performing a specific function. Regardless of the assigned task, workmanship for all contractors must be insured for defects and failure to follow directions of construction contracts. Details are included for all processes, and all work on a major construction project is required by law to be insured.

Contractor Insurance Policy Focus
All contractors need solid insurance protection based on their particular craft and service provision. At Hale & Associates, Fairbanks AK insurance brokers, we understand this need for specific types of coverage as well as general contractor protection that addresses conceivable problems within the scope of completing a construction project. We design insurance coverage programs for service contractors including:

  • Builders Risk
  • General Liability
  • Contractors Equipment
  • Inland Marine
  • Trucks/Trucking
  • Installation Floater
  • Long Haul
  • Gravel Pit
  • Excavation
  • Gold Mining
  • Oil Field Services

Regardless of your insurance needs, contact our office at Hale & Associates and let us put our experience to work for you in evaluating your specific contractor insurance needs.