General Contractor Insurance in Wisconsin

Do contractors need insurance in Wisconsin?

One of the largest industries in The Badger State’s is construction. There are over 39,678 sole proprietors working in the industry.

Construction sites are hazardous workplaces. A simple accident could create costly liability issues for your small companies, regardless of whether you work on residential or commercial projects. Insurance for contractors for Wisconsin companies helps to prevent accidents, unexpected delays, or other common issues from destroying the hard work you’ve put into it.

Contractor insurance is a variety of kinds of insurance which a general contractor might take into consideration.

• General Liability
• Business Owner’s Policy
• Workers’ Compensation

BizInsure can arrange contractor insurance coverage in Wisconsin suitable for your business.

What types of insurance do contractors commonly consider in Wisconsin?

Wisconsin contractors often take a look at various kinds of insurance. These policies may assist you in coping with common risks general contractors encounter on the job.

General Liability Insurance

Anything could occur on the construction site. An innocent action–like placing your toolbox in the wrong spot–can cause a huge problem for your company if someone is hurt because of what you’ve done.

Also referred to as Commercial General Liability (CGL) or “slip and fall coverage”, General Liability insurance can protect your business against bodily injury or property damage lawsuits from outside parties. General Liability insurance for Wisconsin contractors protects your bank accounts by covering your legal costs when someone claims that your conduct caused them harm or caused damage to their property. The insurance typically pays medical bills as well as repairs and replacement expenses.

Business Owner’s Policy

If you’re working in the construction industry, things don’t always run smoothly. Incomplete projects, broken instruments and other problems can make it difficult to meet your deadlines.

A Business Owner’s Policy (BOP) is a convenient package of insurance that protects your business against the common risks it faces every day. The BOP product includes various coverages that may suit the unique requirements of your small business. Insurance included in a BOP can vary but usually they include protection for typical small business risks such as property damage, business interruption and liability.

You can tailor your BOP to include coverage options that are tailored to your company’s needs. It can be a practical and affordable way to shield yourself from the many dangers that general contractors are exposed to.

Workers’ Compensation Insurance

If your business relies on your employees, you need to make sure they are safe and healthy while at work.

Workers’ Compensation insurance protects your company and its employees. If any of your employees get injured at work or are ill, this type of insurance will cover their medical bills. It will also cover some of their lost income if they’re unable to work because of the injury, as well as rehabilitation or physical therapy to transition the employee back into the workplace.

In Wisconsin, with limited exceptions, Workers’ Comp coverage is mandatory for businesses with three or more employees.