What Florida Contractors Need to Know About Contractors Insurance 

Working as a contractor in Florida often comes with significant challenges and risks. From unpredictable weather to job site accidents, it’s essential for general contractors, subcontractors and independent contractors to have the right insurance coverage in place.

At Florida Insurance Group, we understand the complexities of the construction industry and are here to help you navigate your insurance options.

Essential Policies for Contractors

A multifaceted insurance plan may be a necessity for contractors due to the range of risks they face on the job. Here are some of the most important policies to consider:

• General liability insurance: This policy can cover third-party claims of bodily injury, property damage, or personal injury that may occur on the job site or as a result of your operations.
• Workers’ compensation insurance: Required for most businesses in the state, this can help pay for employees’ medical expenses and lost wages in case of an on-the-job incident.
• Commercial auto insurance: This can help pay for damage to company vehicles caused by fire, natural disasters, theft or vandalism.
• Tools and equipment insurance: This can cover your equipment in case it is stolen or damaged by a covered risk.
• Builder’s risk insurance: This policy can cover buildings and materials during the course of construction.

Common Risks for Contractors

Florida’s construction industry faces several significant risks for which suitable insurance can account, including:

• Severe weather events such as hurricanes and heavy rain
• Job site injuries and accidents
• Equipment theft or damage
• Liability claims from clients or third parties

How Our Team Can Help

At Florida Insurance Group, we work closely with contractors like you across Florida to assess your risks and recommend tailored insurance solutions. Our team understands state regulations and industry requirements, making sure you have the coverage you need to operate.

Contact Florida Insurance Group today to discuss your options and request a personalized quote.

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.