When you think about a contractor in Beverly, Lynn, Marblehead, Peabody, Salem, Swampscott, MA, and the surrounding area, many times people think about construction contractors such as electricians and plumbers. While these are correct, there are plenty of other contractors that perform services that aren’t necessarily tied to the construction industry. But no matter what sort of contracting that you do, it is important that you have the right contractor insurance from Farquhar & Black Insurance Agency. Different contractors have different insurance needs, so it is important to discuss your business with our independent insurance agents so that we can help to determine the right insurance policies that you may need. From general liability to workers compensation to errors and omissions policies and more, we can help you to fully protect your contracting business. Contact us today to learn more about getting the right contractor insurance in place.

It Starts With Understanding Your Business

A residential plumbing contractor will have different insurance needs than contract caterer that serves food and alcohol, and this means that it is important to understand your business and where the greatest risks are. General liability insurance is a great starting point, but then depending on what your contracting business is, you might be looking at policies such as inland marine insurance, commercial auto insurance, workers compensation insurance, and more.

Accidents happen, and while you hope that things can be resolved amicably, that doesn’t always happen. People can also become injured, yourself or others, and having the right contractor insurance can help to pay for medical bills as well as expenses to repair the property. These costs could easily drain a business of all of their financial resources without insurance.

Being In Business Carries Risk

There is all kinds of risk in life, and being in business carries with it risk as well. Some of the risk is if there is enough business available to keep your company going, while other risk involves things such as injuries, lawsuits, and more. If you could predict when and where you would have an accident, you could take steps to prepare for it, but since we can’t do that, insurance is one of the best options to mitigate the risk that a particular scenario will come true.

Whether you are installing electrical cable, serving up a delicious meal, or other service that you have been contracted to provide in Beverly, Lynn, Marblehead, Peabody, Salem, Swampscott, MA, and the surrounding area, you need to have contractors insurance in place. Work with our team of independent agents at Farquhar & Black Insurance Agency to be sure that your business, your livelihood, is protected. Contact us today to learn more.