Commercial Insurance Coverage for Contractors

At minimum, most contractors need General Liability insurance and, if they have employees, Workers Compensation. Many also need Commercial Auto for work vehicles and Inland Marine for tools and equipment. Larger projects may require a Commercial Umbrella policy to meet higher coverage requirements from general contractors or property owners.

Yes. Many carriers offer a Business Owner's Policy (BOP) that bundles general liability and commercial property together at a discounted rate. We also work with carriers that offer package policies specifically designed for contractors. Bundling typically saves money compared to buying each coverage separately.

Most general liability policies are written with a per-occurrence limit (e.g., $1M) and an aggregate limit (e.g., $2M). The per-occurrence limit is the maximum paid for any single claim, while the aggregate is the total maximum for all claims during the policy period. Commercial umbrella policies sit on top of these limits to provide additional protection.

Altamira offers fast, professional service for most contractor insurance policies. Once your policy is bound, we can issue a certificate of insurance (COI) immediately. This is critical when a general contractor or property owner requires proof of insurance before you start work.