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Contractors Insurance

Contractors get the job done—but take on a lot of risk while doing it. The Bureau of Labor Statistics reports that about 4% of all workers in the industry suffer injuries or illnesses—and the resulting costs add up. This is compounded by the many other problems that can occur at a given work site. Due to the many risk factors contractors routinely face in their work, good insurance policies become essential to any successful contractor's operation.

You should also consider how you're going to run your business. For example, running it as a Limited Liability Company (LLC) can help insulate you from cost overruns and avoid putting your personal assets at risk if a claim larger than your policy is filed. Our agents can help you determine the likelihood of hazardous situations to your business and how best to prepare for them.

What a Contractors Insurance Package Covers

Contractor's insurance covers problems typically associated with the risks of construction and renovation projects, including risks to your employees, your work site, and anyone or any equipment involved. Most of these policies are a combination of other policies, often including:

  • A Business Owner's Policy
  • General Liability Insurance
  • Worker's Compensation
  • Commercial Vehicle Insurance

From there, what coverage is needed depends on the work that you do. Contractors in different industries often have different insurance needs (and occasionally different requirements, depending on local legislation). David Tennant Insurance Agency can help you determine which forms of insurance are required for your company and ensure that you're never left exposed.

Contractors Equipment Insurance

Getting a job done takes more than human expertise and a keen eye for detail—you need to have the right tools for the job, or it's probably not going to be finished. However, if something goes wrong and your equipment is damaged or destroyed, you stand to lose a lot of money. This is particularly true if your company operates any larger pieces of equipment (bulldozers, etc.), which are sometimes omitted from normal coverage.

David Tennant Insurance Agency's goal is to mitigate your risks as much as possible, and the more we know about your equipment, the better the policy we can offer. On request, we can let you know about how certain pieces of equipment are classified, the associated level of risk, and what kind of reimbursements you can expect if something goes wrong.

Contractor Vehicle Insurance

If you're one of the growing number of contractors who use vehicles during a job—not just to get to and from a worksite—then you may need an additional commercial vehicle policy that covers the vehicle(s) you use.

If you don't use your vehicle for commercial purposes, you may be able to lower your monthly premiums by having this coverage removed from your policy. The choice is ultimately yours, but if you're having trouble deciding, our agents can help you figure out whether or not your use of a given vehicle qualifies as a commercial purpose.

 

1. "About the Specialty Trade Contractors Subsector." U.S. Bureau of Labor Statistics. Accessed April 20, 2016. http://www.bls.gov/iag/tgs/iag238.htm.

2. "Sole Proprietorships vs. LLCs." Nolo.com. Accessed April 28, 2016. http://www.nolo.com/legal-encyclopedia/sole-proprietorships-vs-llcs.html.

3. Utschig, LeRoy. "Contractor's Equipment." Rough Notes. Accessed April 20, 2016. http://www.roughnotes.com/rnmagazine/1997/sept97/09p98.htm.

Our Location

David Tennant Insurance Agency

1303 East Grand Avenue #111
Arroyo Grande, CA 93420
Main office: 805-706-0147
Fax: 805-474-8959

Our Providers

Testimonials

I have been a client of Dave Tennant for 9 years. Dave was referred to me by a friend, who said he was really good and, lo and behold, he, and his entire office staff ARE fantastic! I have stayed with Dave even though I live 90 miles away. Dave routinely shops for the best insurance coverage for your needs, and is happy and willing to modify coverage to adjust to changing circumstances. He is diligent and friendly, and even called me after a wildfire almost took my home, to make sure I didn’t need help with anything. I not only consider him my insurance agent, I consider him a friend. I would recommend him to anyone.

Lesley C., Santa Barbara, CA
For many years Dave has provided professional and personal service regarding my insurance needs. If you’re looking for an agent you can trust, call Dave.

Bob I., Arroyo Grande, CA
I have my car insurance with Dave Tennant since the early 80’s. He’s been with me through thick and thin, from Porsches to a few too many tickets and a pinch… he’s that kind of guy. Dave works hard to keep me on the road and covered, and at a darn good price. He’s good at fixing some unique situations too, from insuring Historical cars to Company cars. I’ve got three of them with Dave, and would trust him with anything… his word is his bond and you just can’t find a whole lot of that these days. Suffice it to say, I highly recommend him.

Al D., Playa del Rey, CA
I pride myself on being a savvy shopper! However, even I was amazed at the deep discounts coupled with un-paralleled value in my auto and renters insurance when I chose David Tennant Insurance Agency in Arroyo Grande, CA. Whenever I have a need, a question, or an opportunity to increase the value of my insurance package, Tennant Insurance always comes through with friendliness, accuracy and timeliness. From day one, Tennant Insurance has always given my financial and material safety their first priority. There is just no way that I can get the time honored value and commitment to my well-being during times of stress from any other insurance agency in town. David Tennant Insurance takes care of their customers like family. And you can’t beat that!

Julie S., Arroyo Grande, CA