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Contractors Insurance in Middleburg Heights OH & Medina OH

Contractors get the job done—but take on a lot of risk while doing it. The Bureau of Labor Statistics reports that about 4% of all workers in the industry suffer injuries or illnesses—and the resulting costs add up. This is compounded by the many other problems that can occur at a given work site. Due to the many risk factors contractors routinely face in their work, good insurance policies become essential to any successful contractor's operation.

You should also consider how you're going to run your business. For example, running it as a Limited Liability Company (LLC) can help insulate you from cost overruns and avoid putting your personal assets at risk if a claim larger than your policy is filed. Our agents can help you determine the likelihood of hazardous situations to your business and how best to prepare for them.

What a Contractors Insurance Package Covers

Contractor's insurance covers problems typically associated with the risks of construction and renovation projects, including risks to your employees, your work site, and anyone or any equipment involved. Most of these policies are a combination of other policies, often including:

  • A Business Owner's Policy
  • General Liability Insurance
  • Worker's Compensation
  • Commercial Vehicle Insurance

From there, what coverage is needed depends on the work that you do. Contractors in different industries often have different insurance needs (and occasionally different requirements, depending on local legislation). Hertvik Insurance Group can help you determine which forms of insurance are required for your company and ensure that you're never left exposed.

Contractors Equipment Insurance

Getting a job done takes more than human expertise and a keen eye for detail—you need to have the right tools for the job, or it's probably not going to be finished. However, if something goes wrong and your equipment is damaged or destroyed, you stand to lose a lot of money. This is particularly true if your company operates any larger pieces of equipment (bulldozers, etc.), which are sometimes omitted from normal coverage.

Hertvik Insurance Group's goal is to mitigate your risks as much as possible, and the more we know about your equipment, the better the policy we can offer. On request, we can let you know about how certain pieces of equipment are classified, the associated level of risk, and what kind of reimbursements you can expect if something goes wrong.

Contractor Vehicle Insurance

If you're one of the growing number of contractors who use vehicles during a job—not just to get to and from a worksite—then you may need an additional commercial vehicle policy that covers the vehicle(s) you use.

If you don't use your vehicle for commercial purposes, you may be able to lower your monthly premiums by having this coverage removed from your policy. The choice is ultimately yours, but if you're having trouble deciding, our agents can help you figure out whether or not your use of a given vehicle qualifies as a commercial purpose.

1. "About the Specialty Trade Contractors Subsector." U.S. Bureau of Labor Statistics. Accessed April 20, 2016. http://www.bls.gov/iag/tgs/iag238.htm.

2. "Sole Proprietorships vs. LLCs." Nolo.com. Accessed April 28, 2016. http://www.nolo.com/legal-encyclopedia/sole-proprietorships-vs-llcs.html.

3. Utschig, LeRoy. "Contractor's Equipment." Rough Notes. Accessed April 20, 2016. http://www.roughnotes.com/rnmagazine/1997/sept97/09p98.htm.

Our Locations

Hertvik Insurance Group

7530 Lucerne Drive, Suite 110
Middleburg Heights, OH 44130
Main office: 440-243-2229
Toll free: 800-467-3254
Fax: 440-243-2552

Badamy Insurance

4408 Timber Commons Drive
Sandusky, OH 44870
Main office: 419-502-2200

Brown & Associates

6277 Frank Ave. NW
North Canton, OH 44720
Main office: 330-499-0206
Toll free: 800-467-3254
Fax: 440-243-2552

Our Providers

Testimonials

Always have a great experience with the girls. Very helpful and friendly and such quick responses! Thank you!!!

Kimberlee R.
You are easy to work with and are always looking out for my family's best interest without being pushy.

Michael R.
I get a quick response to any questions or concerns. Everyone is always very pleasant to talk to.

Charles C.
Paperwork has been easy to sign and file (all available online), fast response when questions are asked, always polite AND our price went down for the next year!!! That’s kind of unheard of in the insurance business!!

Allen J.
Quick responses and knowledgeable.

Jerry N.
Hertvik group has made sure that I have the appropriate coverage at the best price. They also answer the phone or call back promptly.

Linda O.
One point of contact is nice & I like the fact that you can offer multiple companies instead of forcing us into one

Heather L.