8 Things to Know When Shopping for Contractor Insurance

If you’re a contractor, you know that having the right insurance is essential to protecting your business. But with so many different types of insurance available, it can be hard to know which one is right for you. Here are eight key tips to help you find the best contractor insurance for your business:

1. Know What Type of Insurance You Need

As a contractor, you likely need a combination of different types of insurance to protect your business. The most common types of insurance for contractors include general liability insurance, workers’ compensation insurance, and commercial auto insurance.

2. Make Sure the Insurance Company Is Reputable

When you’re shopping for insurance, it’s important to make sure you’re dealing with a reputable company. Check out online reviews and ratings, and make sure the company is licensed to sell insurance in your state.

3. Get Quotes from Multiple Insurers

When you’re ready to start shopping for insurance, get quotes from multiple insurers. This will help you compare the coverage and costs of different policies so you can choose the one that’s right for you.

4. Compare the Coverage and Costs of Each Policy

When you’re comparing insurance policies, it’s important to look at more than just the price. Make sure you understand the coverage of each policy and compare the costs of different deductibles and coverage limits.

5. Choose a Policy That Meets Your Needs and Budget

Once you’ve compared the coverage and costs of different policies, choose the one that meets your needs and budget. Don’t be tempted to skimp on coverage just to save a few dollars.

6. Read the Policy Carefully Before You Purchase It

Once you’ve chosen an insurance policy, read the fine print carefully before you purchase it. Make sure you understand the coverage and any exclusions or limitations.

7. Be Suspicious of Overly-Cheap Policies

If an insurance policy seems too good to be true, it probably is. Be suspicious of any policy that seems much cheaper than similar policies from other insurers.

8. Review Your Insurance Coverage Regularly to Make Sure It Still Meets Your Needs

Your business needs will change over time, so it’s important to review your insurance coverage regularly to make sure it still meets your needs. If your business has grown, you may need more coverage than you did in the past.

And if you’ve downsized, you may be able to get by with less coverage. Regular reviews will help you make sure you have the right amount of insurance to protect your business.


There are a few key things to keep in mind when shopping for contractor insurance. Make sure you understand the coverage you’re getting, what’s excluded, and what the policy limits are. Pay attention to the deductibles and policy limits, and get quotes from multiple insurers to ensure you’re getting the best possible rate.

Most importantly, make sure you’re comfortable with the insurer you choose. You want to work with a company that you can trust to be there for you when you need them.

Thank you for reading! We hope this guide has been helpful in your search for the best contractor insurance.

Pascal Burke Insurance Brokerage Inc. are specialists in an array of policies that cover not only general cases but also specialty contractors. Workplace injuries happen more frequently than you would think. You won’t have to worry about breaking the bank with our great rates! If you want to get business insurance for excavation contractors, we’ve got you covered! For a hassle-free transaction about your insurance policy, you can go to our website pbibins.com or call us at (877) 893 7629.