If you’re looking for a local contractor insurance agent, contact Isner Insurance Associates, Inc., who specialize in many different kinds of contractor insurance coverage. In addition to protecting you from third party property damage and lawsuits, contractor insurance also covers medical expenses for anyone injured on your job. And all contractor insurance plans include general liability coverage, which pays for legal defense should you ever be sued. Whether you’re looking for a new policy or a quote, we’ll have the right solution for your business.
If you run a construction company or have a small business in the Columbus area, you may be looking for General Liability Contractors Insurance in Columbus, OH. This type of coverage covers you from lawsuits arising from damages caused by your negligence. Whether you are responsible for a fire or an explosion, your insurance will protect you from lawsuits and cover medical payments. While you may not be legally required to carry this type of insurance, it can be a crucial tool for protecting your livelihood. In addition to clients and landlords, some clients require you to carry certain types of insurance.
The cost of this type of coverage depends on several factors. Your location, the number of employees, and the risk level associated with your work will all affect your overall insurance costs. If you are self-employed and operate a small business, you may also need media liability insurance in Columbus, Ohio. Ohio agribusiness insurance protects farmers from financial loss and protects artists from lawsuits. In addition to general liability contractors insurance, you may also need to purchase insurance for arts and recreation businesses in the area.
Tools and Equipment Insurance
One of the biggest sources of losses for contractors is equipment theft. While insurance can help offset the financial burden of stolen equipment, the replacement of depreciated tools and equipment can be extremely costly. Fortunately, crime in Central Ohio is relatively low. It’s important to remember that employers are legally required to carry workers’ compensation insurance, as well. Tools and equipment insurance for contractors in Columbus, Ohio can help protect both you and your business.
A general liability policy will cover the majority of lawsuits and protect the business owner from damages that occur during day-to-day operations and on-site accidents. Tools, including hand tools, are normally covered on a blanket basis up to a certain value, which can be as low as $500. However, larger tools, such as heavy machinery and portable equipment, may need to be insured separately. Cincinnati forms can be tailored to the needs of individual contractors and can cover up to two-thousand dollars in value.
Workers’ Compensation Insurance
In addition to ensuring that the safety of your employees is of the utmost importance, you need Workers’ Compensation Insurance for contractors in Columbus, OH. The laws concerning this coverage are complex, and you can easily miss important aspects of the policy. However, it is important to remember that no one should be denied the right to compensation for an injury or illness. In Ohio, workers are considered to be entitled to benefits under the state’s no-fault insurance law.
In order to qualify for workers’ compensation insurance in Columbus, Ohio, a business with at least one employee must purchase it. However, some businesses that employ sole proprietors, partnerships, and employees are exempt from this requirement. Those who employ domestic workers and pay them less than $160 per quarter are exempt from this requirement. However, employers that hire workers that earn more than this amount are required to obtain workers’ compensation insurance.
Home Improvement Contractors
The first thing you’ll need to do is apply for a home improvement contractor license in Columbus, Ohio. There are two types of licenses, one for residential work and one for commercial work. The former is required for all types of work and requires a business license, while the latter is necessary only for renovation and repair projects on existing dwellings. You must complete an application form and provide a copy of your license certificate to be considered for a home improvement contractor license in Columbus.
You’ll also need workers’ compensation insurance, which covers you if you have employees. This type of insurance is provided through a commercial carrier, but you can also opt to self-insure. The Bureau of Workers’ Compensation, meanwhile, is responsible for insuring home improvement contractors. Ohio’s Department of Commerce has a database that lets consumers check the licenses of contractors, and the company has an excellent reputation among insurance companies.