If you are a contractor, you know that having the right insurance is critical to protecting your business. Contractors insurance protects you from financial losses that could result from claims of bodily injury or property damage arising from your business operations. 

Different Types of Contractors’ Insurance

There are many different types of contractors’ insurance available, and it is important to choose the right one for your business. Here is a rundown of the most common types of insurance for contractors:

1. General Liability Insurance

This is the most basic type of insurance for contractors and covers any damage or injuries you may cause to third parties. It is important to have this type of insurance even if you are a small business, as it will protect you from any legal claims that may be made against you.

2. Professional Liability Insurance

This type of insurance is also known as errors and omissions insurance and covers any mistakes you may make in your work. This is important for any type of contractor, as even a small mistake can lead to a large claim being made against you.

3. Workers’ Compensation Insurance

If you have employees, you are legally required to have workers’ compensation insurance. This type of insurance covers your employees for any injuries they may suffer while working for you.

4. Vehicle Insurance

If you use any type of vehicle in your business, then you will need to have vehicle insurance. This will cover you for any damage or injuries that you may cause to third parties with your vehicle.

5. Tools and Equipment Insurance

This type of insurance covers you for any damage or theft of your tools and equipment. This is important for any contractor, as your tools and equipment are essential for your work.

6. Business Interruption Insurance

This type of insurance covers any loss of income you may suffer if your business is interrupted due to an accident or natural disaster. This is important for any business, as it can help keep your business running even if you suffer a major setback.

Why Is Contractors Insurance Important?

Contractor’s insurance is a type of insurance specifically designed to protect contractors from the unique risks they face. Here are a few reasons why it’s so important:

1. Protect You from Lawsuits

If one of your employees is injured on the job, or if you’re accused of damaging someone’s property, you could be facing a lawsuit. Contractors’ insurance can help cover the costs of legal defense and any damages that may be awarded.

2. Help You Cover the Cost of Repairs

If your work requires you to enter someone’s home or business, there’s always the risk that something could get damaged. Contractors’ insurance can help pay for the repairs, so you’re not left footing the bill.

3. Replace Lost Income

If your business is forced to close due to damage from a fire or other disaster, contractors’ insurance can help replace lost income. This coverage is especially important if you have employees who rely on their paychecks to make ends meet.

4. Help You Attract and Retain Clients

In today’s litigious society, many clients will only work with properly insured contractors. Contractors’ insurance can help you attract and retain clients and protect your business from lawsuits.

5. Give You Peace of Mind

Running a business is stressful enough without worrying about being sued or facing a huge repair bill. Contractors insurance can help give you peace of mind, knowing that you and your business are properly protected.


Contractors insurance is a type of insurance that helps protect contractors from financial losses that may occur due to damages or injuries during their work. This type of insurance can help cover the cost of repairs, medical bills, and lost wages. It is important for contractors to be aware of the risks they face and ensure they are properly insured to protect themselves and their businesses.

If you are seeking contractors’ insurance in Denver, you can contact us at Pascal Burke Insurance Brokerage Inc. We offer various contractors’ insurance, depending on your situation. Get insurance on your time with us at Pascal Burke Insurance.