Orlando Contractors Liability Insurance Breakdown
Orlando contractors face an extensive array of risk exposures in their daily operations, from workplace accidents to business interruption. Aside from employee accidents and injuries, property loss and damage is one of the most likely financial burdens a business can face. Property loss and damage can affect daily operation. Not only would the property need replacing, but the potential loss of revenue and business from interruption could be disastrous. Company property can be a huge financial investment, the loss of which could be financially devastating. As such proper protection of your business assets is crucial to any contracting operation.
General property liability coverage will protect physical company assets on your property. Tools, equipment, supplies, machinery and other properties are assured so long as they remain on your premises, but what about portable construction necessities such as trucks filled with building materials and power tools? Properties which are transported offsite generally fall into a coverage gap in a standard Orlando Contractors Liability Insurance policy.
Orlando Inland Marine Insurance policies are designed to ensure that goods, tools, machinery and other expensive company belongings are protected from theft, damage and accidental loss which occur while the items are in transit or off-site. For example, if a work truck carrying specialty equipment was involved in an accident and some equipment was broken as a result of the collision, contractors could seek financial compensation for the damaged property. An Orlando Inland Marine insurance policy will also cover building materials held over at a distribution warehouse, company property at various fixed locations or movable items being transported from one place to another. This coverage can provide protection against damage to property owned by others such as a client’s personal property that arises as a result of services your operation provides.
Trucks, flat beds, haulers and other construction vehicles used for business purposes can be covered by an Orlando Commercial Auto Insurance policy. An Orlando Commercial Auto Insurance policy will cover a wide variety of damage to vehicles, personnel, drivers or passengers in a vehicle used for business purposes. Similar to personal auto insurance coverage, a commercial plan will help your business pay for medical expenses, property damage and destruction involving your company vehicle. Comprehensive and collision coverage, uninsured motorist and non-owned vehicles can all be included provision to any Orlando commercial auto policy to help curb the financial loss incurred by commercial vehicle accidents.
At Newman Crane we understand the risks contractors face and are dedicated to providing our clients the best coverage at competitive prices. A comprehensive Orlando Contractors Property Liability Insurance plan would include a variety of coverage expansion options extended to ensure that your tangible business assets are secure. We offer General Liability, Inland Marine and Commercial Auto coverage additions to any Orlando Contractors Liability Insurance Package. Give us a call today at (407) 859-3691 for more information about how we can help protect your operation.