Tailored Protection for Your Utility Contractor Business
Simply Business is pleased to provide tailored insurance options from:
After going through many different training requirements and examinations, you’ve successfully opened your utility contractor business. While you may be an expert in areas such as water, sewage, oil, and gas, one thing you may not be an expert in is small business insurance.
At Simply Business, we can provide insurance coverage for utility contractors that’s as unique as your business. This coverage can help protect you from common risks so you can continue delivering great service and work.
Utility contractors are exposed to a number of everyday risks, especially depending on the area of your expertise. Since you’re working on anything from a client’s sewage system to pipelines and electricity, there’s potential for accidents and property damage. Plus, if an employee gets hurt on the job, that could potentially leave your business exposed to lawsuits and medical claims.Get your quote
General liability insurance — also known as commercial general liability (CGL) insurance — covers costs associated with third-party accidents, property damage, and client lawsuits. Without this type of coverage, your utility contractor business may be held responsible for these costs. That’s why we recommend that utility contractors carry general liability insurance, as it can provide much-needed protection.
General liability usually covers:
General liability insurance usually does not cover:
Learn more about General Liability Insurance.
Professional liability insurance — also known as errors and omissions insurance (E&O insurance) — provides coverage in the event a customer accuses your utility contractor business of negligence. If your customer sues your business for mistakes related to your work, your professional liability insurance may cover resulting damages and legal costs.
Professional liability insurance usually covers:
Professional liability insurance usually does not cover:
If an employee gets sick or injured while working for you, workers compensation - also known as employers liability insurance - can provide your business with financial protection. Most states require businesses to carry this policy when you hire your first employee, so be sure to add it to your coverage if you have a team.
Here’s how workers compensation insurance works: If an employee gets injured on the job, this insurance can cover medical costs and lost wages. Carrying workers compensation can provide much-needed security, as having this coverage in place prevents an employee from suing your business for workplace injuries.
While there’s no one answer for how much insurance for utility contractors costs, you can get an estimate for what you may pay based on:
Want to find out how much your utility contractor insurance may cost?
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