Aegis Blog

3 Questions About Environmental Liability Insurance

3 Questions About Environmental Liability Insurance

Pollution events often make the news, from major oil spills to industrial disasters. The results can be devastating for the responsible entities. But a small pollution event can be just as damaging to a company's profits and reputation, even if it's as tiny as site runoff after heavy rainfall. Luckily, you can insure your business against lost costs, lawsuits, and reputational damage after a pollution event with environmental liability coverage. What is Environmental Insurance for Contractors? Environmental liability ...
The 2022 Guide to Contractor Insurance

The 2022 Guide to Contractor Insurance

What do you need to run a profitable construction business in 2022? Artisan contractors and smaller construction businesses face challenges that larger firms do not. But with the right planning and policies in place, you could arm yourself with the right tools to help you increase profits and reduce risks for 2022 and beyond. Managing Construction Risks in 2022 In addition to the typical risks associated with running a small construction business, such as safety, financial, ...
How Much Does Tool Insurance Cost?

How Much Does Tool Insurance Cost?

If you've got the cash to grab a sandwich from the local deli on your lunch break today, then you likely can afford to insure the tools and insurance that help you get the job done. How Much Does Tool Insurance Cost? The median premium for an artisan contractor's tools and equipment insurance is $14 per month. That’s around $169 per year for a policy with a $5,000 limit. Several factors go into determining your policy rate, ...
What Insurance Policy Covers Tools and Equipment?

What Insurance Policy Covers Tools and Equipment?

A contractor's tools are the lifeblood of their business. Make sure you have the right coverage to protect the equipment you need to get the job done right from loss, theft, and damage. Often, policies like your homeowners and renters insurance, or your commercial or personal auto insurance, don't extend to your tools and equipment. Make sure you know if your tools are covered. Discover the three insurance lines that can help protect your tools ...
The Biggest Construction Industry Problems of 2021 Solved

The Biggest Construction Industry Problems of 2021 Solved

Running a construction business comes with its own set of challenges, even in “normal” times. But the events of 2020 and 2021 have presented even more roadblocks, headaches, and obstacles for artisan contractors than ever before. Here are the biggest construction problems contractors are facing in 2021 and creative ways to overcome them. New OSHA Regulations OSHA protects workers by setting and enforcing standards, as well as providing training, education, and outreach across many industries. Since the ...
Are Subcontractors Covered Under Your Contractors Insurance?

Are Subcontractors Covered Under Your Contractors Insurance?

Working with subcontractors can be a necessary part of any construction project, but hiring subs also creates additional risk on your job site. Because of the added hazard, it's crucial to make sure your subcontractors are adequately insured. Do you need to see proof that they carry their own contractors insurance policies, or will your existing insurance be sufficient? Protect your business by learning how to ensure your subcontractors are covered on the job site. Does ...
Construction Industry Trends to Watch for in 2021

Construction Industry Trends to Watch for in 2021

2020 was a hard year, and the construction industry was no exception. After a tumultuous year, many businesses will be looking forward to the next to prepare for the year ahead. Discover the construction industry trends to be aware of as you look forward to 2021 and how your business can navigate the coming months. The Construction Industry's Outlook for 2021 Slow Industry Growth in the New Year Look for a slow recovery from 2020's economic issues ...
Winter Safety Tips to Avoid Accidents This Season

Winter Safety Tips to Avoid Accidents This Season

Contractors are no strangers to risk, and in winter familiar job site hazards can become even more threatening. Take the time now to make sure your insurance has the coverage you need to keep your business safe when the weather gets chilly. Get winter safety tips to help yourself avoid a costly incident and ensure you have the insurance you need to cover common winter accidents. Protect Yourself From These 3 Common Winter Construction Claims #1: Fall ...
5 Common Contractor Insurance Claims

5 Common Contractor Insurance Claims

The construction business is a risky one. From on the job accidents to extreme weather, traffic collisions to vandalism, there is no shortage of possible ways for contractors to incur losses. But with the right coverage in place, your construction business doesn’t have to lose money if the unexpected occurs. Here are some of the most common ways contractors lose money when something goes bad - and the insurance policies that can help you keep yours. 5 Common ...
What Contractors Need To Know To Rebuild California

What Contractors Need To Know To Rebuild California

It’s difficult to comprehend the incredibly vast scope of rebuilding that needs to be done in California. In August of 2020, California saw 7,175 fire incidents, with almost 600 fires burning concurrently. In a single month, more than 1.6 m million acres burned, 3,000 structures were damaged or destroyed, and seven lives were lost. And the fire season will continue for the next few months, with more destruction coming our way. Homeowners are, understandably, very eager ...

 

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