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Contractors Insurance in Libertyville IL & Gurnee IL

Contractors Insurance in Libertyville IL & Gurnee IL

As a locally owned and operated insurance agency, Jim Kelly Insurance has provided quality policy services to our friends and neighbors in Libertyville for more than three decades, and we’re committed to being the independent agency of choice for them well into the future. We offer you the ease of receiving services through a small business, while guaranteeing that your policy options will come backed by some of the most trusted insurance companies in the industry. 

General contractors need a high degree of property and liability insurance in order to fully protect all aspects of their operations. Our expert agents will assist you in developing the most comprehensive level of benefits for all aspects of your operations. 

Contact us at 847-367-1234 or just request your free homeowners insurance quote online now! 

Common Contractors Insurance Questions  

What is contractors insurance?  

Any general contractor must both support themselves and their own operations, but also meet their obligations to their clients. They must be prepared to address any problems that unexpectedly arise interrupt operations, damage property, or cause harm to others.  

It is their customized insurance benefits that will allow them to recover from these challenges without a significant financial loss. With the right commercial benefits in place, you’ll be able to pay for damaged property, settle lawsuits, support yourself against lost income, and otherwise pick up the pieces of accidents that could prove devastating if you don’t have financial backing. 

What contractors insurance cover?  

Most contractors need numerous types of commercial insurance in order to fully protect their operations. These include:  

  • Property insurance: This coverage will insure your company assets — such as buildings, stock, inventory, equipment and furnishings. 

  • General liability insurance: Your mistakes might cause property damage or bodily harm to others, such as your customers. When these accidents occur, your policy can help you compensate that party if they sue you for their losses. 

  • Business interruption insurance: If an unexpected accident forces you to halt operations temporarily, then this coverage can help you pay overhead expenses until you reopen. 

  • Commercial auto insurance: Vehicles owned by your business must adhere to state auto insurance laws. You can use this plan to cover the costs of wrecks or other hazards. 

  • Professional liability insurance: When your professional mistakes or advice cause a client financial harm, this coverage pays for your recovery costs. 

  • Builder’s risk/Inland marine insurance: Projects in progress, and the materials associated with them, will have coverage against such perils s fires, vandalism and severe weather damage. 

  • Workerscompensation insurance: You will likely be required to buy this coverage. It helps you compensates employees for medical expenses and lost wages after an on-the-job injury.

  • Surety bonds: A surety bond is a legal guarantee that obligates you to repay your clients if you fail to meet the obligations guaranteed by your contract. 

  • Equipment insurance: To protect employee equipment and other essential items, you will need to make sure they have the appropriate coverage. 

Numerous specialty policy endorsements and supplementary plans can be integrated into your portfolio, as well. Speak to our agents to learn more about how we can help you better tailor your benefits.  

How Much Will My Benefits Cost?  

We understand that you want to be conscious of your budget when selecting insurance benefits, and our network of nationally recognized carriers offer you the promise of competitive, affordable prices for all your coverage needs. We will help you establish both what coverage options are necessities for you, and how you can customize them in ways that will both ensure adequate coverage and a great value for your coverage.