Contractors and Builders Insurance
Contractors and Builders Insurance – Los Angeles, California
What Is Contractors and Builders Insurance?
At Ipex Insurance, we specialize in providing contractors with General Liability insurance, as well as other coverages, including Builders Risk, Commercial Auto, and Tools & Equipment Insurance. We will assist you in selecting the right coverage. We have much experience in the Construction Insurance Industry – we are experts in risk evaluation and the needs of your construction company.
Contractors General Liability Insurance
This insurance is designed to protect contractors against claims of bodily injury, property damage, and personal & advertising injury.
Tools and Equipment
From small hand tools and materials, to larger equipment such as welders and excavators, we can help protect your equipment against claims of theft, vandalism, damage, amongst others.
Builders Risk Insurance (also known as “Course of Construction”)
This type of policy provides physical damage coverage for any buildings undergoing construction. Lenders may require this type of insurance before issuing any financing for construction projects.
Workers’ Compensation
Contractors are responsible for providing this coverage for their employees, but may also have the exposure because of Subcontractors who have not provided workers compensation insurance for their employees. This exposure can be avoided by enforcing your Subcontractors to carry appropriate workers compensation insurance.
Business Auto Insurance
Personal Auto policies exclude autos used for Commercial and Business operations. Therefore, a designated policy is required to make sure your auto is covered in the case of an accident. If you use your automobile in the business, be sure you have the right policy in place and coverage is not excluded.
