Excess & Surplus
Small Business Owners
Small Business Owners
Small Business Owners
State Disability Insurance
Commercial Auto Insurance
Auto Service Plus
Specialty Risk Coverages
Life at AmTrust
Is your contracting business safeguarded against the risks associated with employee work-related accidents, injuries, and illnesses? As a contractor, employing a team comes with specific responsibilities. Most states require employers to carry workers' compensation insurance, although there are a few exceptions to the rule. However, even if you are exempt from the mandate, having this type of insurance can protect your business in a variety of ways if you have employees, and even help you grow. Workers' compensation insurance for contractors can give you coverage that helps keep your business running whenever an unpredictable situation arises.
Workers' Compensation Insurance for Contractors
Due to the labor-intensive nature of their businesses, roofers, plumbers, carpenters, painters, electricians, tile setters, and other types of contractors can face certain challenges that other small business owners do not. For contractors and their employees, serious on-the-job accidents, injuries, and illnesses can stem from a multitude of scenarios, including any of the following:
The handling of hazardous materials or chemicals.
The use of ladders, machinery, and heavy equipment.
The physical strain of repetitive motions on a regular basis.
Even if you've provided your employees with rigorous safety training, preventing a serious accident from happening isn't always a possibility. That's where workers' comp for contractors can help. By offsetting some of the financial risks you might experience when an employee becomes sick or injured on the job, you can be better prepared to carry on with your business and protect your people, even when an unfortunate event arises.
How Does Workers’ Compensation Cover Contractors?
Your employees are your business' livelihood, and workers' compensation can help ensure that they are covered while working for you. Depending on each event, your policy can cover you and your employees for:
Compensation for lost wages
Medical bills, including hospitalization and surgeries
If an employee files a claim against you due to a workplace accident or injury, the costs associated could be astronomical. Without workers' comp, your business could be responsible for a significant financial burden. With workers' compensation insurance, an employee generally cannot successfully bring claims against his or her employer for a workplace injury or accident after drawing benefits.
Additional Insurance Coverage Options for Contractors
Having an adequate amount of insurance coverage is a necessity for any contractor, although determining which policies to consider can vary dramatically based on your specific field, your location, and the way you run your business. For example, if you own or operate expensive machinery or carry a large amount of valuable inventory, commercial property insurance can help protect your most valuable equipment and assets.
General liability insurance policies can also protect you if a third-party, such as a customer, files a lawsuit against you for an injury received at your business premises or as a result of property damaged by your business. In fact, some customers may refuse to work with a contractor that is unable to show proof of general liability insurance.
How Can I Learn More about Workers' Comp for Contractors?
Let AmTrust help you find insurance products and policy limits that can help your contracting business succeed. With our experience and access to bespoke insurance solutions for small businesses, we can provide you with options for workers' compensation and other types of
small business insurance
plans that can benefit your business.
s today to learn more.
Electricians, plumbers, metal workers, interior decorators, painters, and other types of artisan contractors face certain challenges each time they conduct business.
Workers' compensation insurance can protect your firm from liability. Explore how a workers' comp insurance plan through AmTrust can benefit your business.
A bakery's sweet future can turn sour after kitchen accidents, oven fires and liability claims. Learn how you can stay protected with bakery insurance solutions from AmTrust.
Protecting your book store from unnecessary liability, like customer injuries, is vital to the success of your company. Explore the options for book shop insurance from AmTrust Financial.
It's important to protect your dental office with customized insurance options, like workers' compensation coverage. Learn more about the importance of workers' comp for dentists.
Workers' compensation for doctors helps protect your business from unnecessary liability.
If you own a furniture shop, keeping your property and inventory protected is a wise idea. Get covered today with furniture shop insurance through AmTrust Financial.
Protect your grocery store from liability. Learn more about grocery store insurance through AmTrust Financial to save on general liability, workers' comp and more.
Hot styling equipment and wet floors can increase a salon's liability exposure. Protect your team with hair salons workers' compensation and small business insurance solutions from AmTrust.
Protect your hardware store from risks. Learn more about workers’ comp and commercial property insurance through AmTrust Financial.
Home Goods Stores
Home Goods Stores
Protect your home goods business, employees and customers with the right small business insurance coverage. Learn more about home goods store insurance solutions from AmTrust Financial.
An insurance agency may face numerous business risks like data breaches, third-party claims, and more. Stay covered with workers’ comp insurance specifically insurance agencies from AmTrust.
Jewelry store owners need the appropriate protection for their valuable inventory and business operations. Learn more about customizable workers comp insurance coverage for jewelry stores from AmTrust.
Libraries house books and knowledge, but they also carry risks for staff and patrons. Learn more about library workers’ compensation and property insurance solutions available from AmTrust.
As a locksmith, executing a thorough risk management plan is key to your success. Find the coverage you need with locksmith insurance solutions from AmTrust.
Machine shops are a high-risk environment, for employees and consumers. Learn more about machine shop insurance coverage from AmTrust Financial.
Classrooms can be filled with hidden liability risks. Help keep your employees safe with private schools workers' compensation and business insurance solutions through AmTrust.
Workers' comp insurance is a necessity in professional offices, allowing you to cover the costs of employee injuries. Learn more about workers’ comp insurance through AmTrust Financial.
Restaurants can be surprisingly risky places, both for employees and patrons. Restaurant Insurance helps protect you from the costs associated with such risks.
Is your retail store ready for the unexpected? Find out how to protect yourself and your employees with workers' compensation and business insurance solutions for retail environments.
As a wholesale industry business owner make sure that your assets are protected. Get covered today with workers' compensation insurance through AmTrust.