Contractors Insurance in Ohio & Beyond

Contractors insurance is a customized collection of coverage types designed to protect contracting businesses from the financial risks associated with property damage, accidents, and liability claims. These policies are essential for businesses in the trades, including drywall companies, electricians, plumbers, and general contractors, as they face a wide range of potential risks on every job site.

A comprehensive contractors insurance policy may include:

• General Liability Insurance – Protects your business from third-party claims of bodily injury, property damage, or personal injury. This can cover incidents like a client slipping on a wet floor at a worksite or accidental damage to a customer’s property during renovations.
• Commercial Property Insurance – Covers your physical business location, tools, and equipment against risks like fire, theft, vandalism, or storm damage. This is especially important if you store expensive tools or building materials at a central location.
• Workers’ Compensation Insurance – Required by Ohio law if you have employees, this coverage helps pay for medical expenses, lost wages, and rehabilitation costs in the event of a workplace injury. It also helps protect your business from employee-related lawsuits.
• Commercial Auto Insurance – Provides protection for vehicles used to transport equipment and supplies to job sites, including trucks, vans, and utility vehicles.
• Professional Liability Insurance – Also known as Errors and Omissions (E&O) insurance, this coverage can protect your business from claims of faulty work, missed deadlines, or professional mistakes.

Drywall businesses face unique risks that standard business insurance might not fully address. From transporting heavy sheets of drywall to working in unfinished buildings, the work can lead to unexpected accidents or property damage.

Specialized drywall business insurance can help cover:

• Damage to Client Property – If a sheet of drywall accidentally damages a client’s finished flooring or walls during installation, this coverage can help cover the repair costs.
• Injuries to Workers or Third Parties – Construction sites can be hazardous, and even with strict safety protocols, accidents can happen. If a worker or bystander is injured, you’ll want protection against costly medical and legal expenses.
• Theft or Damage to Expensive Tools and Materials – Drywall tools like lifts, sanders, and power drills are critical to your work and can be expensive to replace if stolen or damaged.
• Claims Related to Faulty Workmanship – If a client claims your work caused property damage or failed to meet professional standards, this coverage can protect your business from costly legal battles.
• Business Interruption – If your operations are halted due to a covered loss, like a fire or severe weather, business interruption coverage can help replace lost income and cover ongoing expenses.

Having the right coverage not only protects your drywall business financially but also helps build trust with clients who expect their contractors to be fully insured.