Home improvement contractor insurance for residential remodelers

Accidents that could threaten your residential remodeling business

Without proper home improvement contractor insurance, claims can take a considerable toll on the financial stability of your business. Here are just a few examples of accidents that could pose a costly threat:

• Customer property damage: you might be hired to remodel a residential en suite bathroom that requires plumbing work inside the walls. This carries the risk of damage to other structural elements of the property, and the homeowner could claim that you or your team caused it. Without home improvement contractor insurance, you would pay for the damage out of pocket.

• Workplace injuries: an employee could experience a workplace injury while installing drywall and file a workers’ compensation claim. 

• Harm from a product or service: a home could be damaged from faulty electrical work performed by a licensed electrician subcontracted by your company to assist with completing your project. 

• Commercial vehicle accident: you could accidentally cause damage to a customer’s fence while backing your van into their driveway.

• Property damage: a storm could damage your state-of-the-art equipment investment.

• Save money. Your property and liability risks are bound in a single package with premiums that are typically less expensive than purchasing and renewing each coverage individually.

• For example, just like when you order a meal at a fastfood restaurant, when you buy the meal deal, it's cheaper than if you buy your sandwich, drink, and fries individually.

• Simplifies the insurance process and makes it easier for you to manage multiple coverages in one business owner’s policy.

• It’s invaluable to have the peace of mind that you are properly protected through a range of coverages included in one business owner’s policy so you can focus on growing your business.