What You Need to Know About Liability Insurance for Contractors

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As a contractor you need to have liability insurance for your business. Let’s go over the information you need to know so you can make an informed choice for the best insurance for you.

Liability insurance is put in place to protect your assets. In the case of an issue, you don’t want to be paying out of pocket for legal fees or anything else.

If you have an injury occur or a customer is unhappy, they can file a lawsuit against you and may win that suite. Another way you can be sued is if someone thinks that you advertised falsely about what you do in your business or how you can help someone.

General liability insurance covers the costs of attorneys, court filing fees, and settlements.

The cost of liability insurance depends on your business type, the way it operates and its location. It is also based o the number of employees you have and any insurance claims that have previously been filed against your business.

If you operate heavy machinery or are located in a dangerous area, you are considered a high risk business as well and the premium for your insurance will be higher.

Another factor when pricing your insurance is to take into account how much coverage you will need.

Be sure that you separate your business insurance and your personal insurance.

Know the AM Best and Standard & Poor’s ratings for prospective insurance you are considering. You should require they have a B rating or above.

Always read the fine print also and make sure you are aware of not only what is covered, but what isn’t covered.  Here at Contractor’s Insurance Agency, we are happy to help you sort through all the information, compare your options and choose the one that is best for you. Just reach out to us!

Don’t Forget Administrative Professionals’ Day!

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National Administrative Professionals’ Day is on Wednesday, April 27th this year. It is a day that recognizes the professionals who keep our office running smoothly every day.

The day recognizes the work of secretaries, administrative assistants, receptionists, and other administrative support professionals. Whether a contracting business or any other type of business, these professionals keep the office organized and efficient.

Administrative professionals have a lot of different tasks that they handle each day. They need to be organized, flexible and able to think on their feet and handle the unexpected with professionalism.

These professionals are invaluable to businesses everywhere. They let you free up your time to focus on the things that only you can do, while they take on the responsibility of keeping the business running whether you are available or not.

Responsibilities may include managing appointments, drafting letters and memos, coordinating appointments, and planning meetings among many other tasks. They also may compile data and research information, too.

Some of the ways you may show your appreciation could include a small gift such as flowers, a gift certificate, a gift basket, candy or lunch.

Show your gratitude and you will keep your administrative professional happy and loyal for many years to come.

Here at Contractors Insurance Agency, we truly appreciate our own administrative professionals. They are usually the first person our customers talk to when they are calling in and often can answer general questions to free up our agents to help in the ways that they are best.

If you have any insurance needs for your contractor business, please don’t hesitate to contact us. We are here for you.


In Honor of Small Business Owners

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We know that contracting businesses are usually small operations. You love what you do, you work hard, and you do excellent work on your projects. You are a great business owner.

Did you know March 29th is National Mom and Pop Business Owners Day?

We are also a small business like you, and we understand the effort and time you put in.

We don’t want you to worry about the things you don’t need to so if you have any insurance questions, please don’t hesitate to reach out to us at Contractors Insurance Agency. That is what we are here for.

Small businesses are a big part of the economy but sometimes they can be overlooked. People know the big corporations by the branding, but the little operation is almost always friendlier, has better customer service and really cares about the people they work with.

Some ways to honor these small businesses in the community include:

  • Gifting gift cards from your favorite small businesses to others that may not have tried it yet.
  • Tell others about your great experiences and share the contact information if someone asks for it.
  • Be a repeat customer.

Small businesses are often the places that support local school and sports events and really care about their community.

The U.S. Small Business Administration reports over 27 million small businesses now and you are fortunate to be one of them.

Many people strive to be business owners, but you are doing it.  You don’t mind the long hours, hard work and dedication it takes to grow your contracting business and keep your stellar reputation. We see you and are proud of you.

Our business has been handed down through the generations as many small businesses are. Is your contracting business a family legacy?

We thank you for trusting us with your insurance needs and we promise to keep you well protected so you can focus on growing your business for years to come.

Keep Your Computer Files Up to Date To Ramp Up Your Business

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As a contractor, you are always busy on job sites, but you may also have to deal with the administrative side of things as well.

When you have automated systems in place, software that makes your work easier and processes in place that help you to be efficient that is great!

Another thing we don’t always think about is keeping our files up to date.

Have you ever needed a document and wasted a ton of time trying to figure out where you filed it, or what you named it? If your computer files were up to date, you would be able to click a few times and have what you need right away.

This not only saves you time but also frustration.

Some of the things you want to consider cleaning up monthly would be:

  • Removing old files and clutter
  • Save to the cloud, not the hard drive. If you have it on the hard drive, take time to move it to a cloud-based service and delete it from the hard drive.
  • Clean off any old programs you have on your computer as well. Make sure you have any updates or latest versions for programs and your operating system.
  • Organize your files and folders and make sure you know what is in them and they make sense to you.
  • Review your emails and delete any that are no longer needed

If you are currently doing everything on your own, you may want to consider hiring an administrative person to help you or even a virtual assistant to help you for a few hours each week.  This will free up your time and energy so you can focus on bringing in new business and ensuring your current projects are running smoothly.

If you need any support around your insurance policy, please reach out to us here at Contractors Insurance Agency. We are happy to help.


Analyze the Safety and Security of your Home Office

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The second full week in January is Home Office Safety and Security Week. While you may have an office outside of home, many business owners also have an at home office to work at as well. Recent statistics show that 43% of Americans work from home on occasion.

Benefits of working from home include:

  • Flexible schedule
  • Working at time you may not be able to otherwise
  • Fewer office distractions
  • Increased productivity
  • No commute

As a contractor, you clearly need to be on site for a lot of your work day but when you are doing administrative tasks or focusing on growing or expanding, you can do that from your home office. You may find you are more creative at home, more focused, and get more done in less time.

Having a home office also requires that you have plans for safety and security there as well.  Some of the things you should have in place include:

  • A fire escape plan
  • Smoke and carbon monoxide detectors installed
  • Make sure the office area can handle the electrical load required
  • Fireproof cabinets for paperwork
  • Anti-virus and firewall software up to date on the computer you are using
  • A way to back up and store data online

Take some time to make sure you have everything in place that you need to have in order to work effectively and efficiently.

Make sure all your equipment at home is also covered by insurance.  Give us a call at Contractors Insurance Agency and we can review your policy and make sure you are fully covered wherever you are working and don’t have to worry.

Update your online passwords if you haven’t in a while, shred old documents, and get your home office organized so you can easily find everything you need quickly when you need it.  It’s the start of a new year and the perfect time to get organized so you can bring your business to new levels!


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