Aegis Blog

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 ...
Does Contractor Insurance Cover COVID-19 Losses?

Does Contractor Insurance Cover COVID-19 Losses?

As the COVID-19 pandemic continues to make global headlines, contractors wonder if their contractor insurance policies will cover COVID-related losses. If you had a project shutdown by local municipalities to limit the spread of the pandemic, project financing withdrawn by a lender, or experienced significant delays from material suppliers; you might be wondering the same. Builders Risk Insurance May Cover COVID Losses One contractor insurance policy that may protect you against COVID-related losses is builder's risk. Builder's ...
What is Course of Construction Insurance?

What is Course of Construction Insurance?

Designed to protect construction projects that are in progress along with tools and equipment on the job site, course of construction coverage helps protect you from financial losses caused by natural disasters, vandalism, theft, fires, or even pandemics like COVID-19. Also called builders risk insurance, the short explanation of what this policy does for your construction business is simple: It protects your business' investment in an active construction project. Course of Construction Has You Covered Taking out a ...
Contractor Insurance Dos and Don'ts

Contractor Insurance Dos and Don'ts

You need insurance for your construction business, but you don't want to spend too much or too little on it. If you're paying too much for your contractor insurance, you're tying up cash that you could use to help your business grow. But spend too little, and you may be sacrificing coverage -- and there's nothing worse than finding out after-the-fact that you don't have enough coverage if something goes wrong. Contractor Insurance Dos and Don'ts These ...
Identifying Risks in Your Construction Business

Identifying Risks in Your Construction Business

Artisan contractors and construction industry professionals face more potential for loss than business owners in other industries. You don't need to shy away from risk. We're going to walk you through facing your risk head-on and show you how to turn fear of the unknown into certainty. The first step: identifying and understanding your risk. Why Identify Risk? Identifying and understanding your business risk is the first step in risk management. Managing your risk reduces the likelihood your business ...
The Contractor Insurance Guide to Risk Management

The Contractor Insurance Guide to Risk Management

Want to reduce the risk your construction business faces? Sure, that's a given. Because living in fear that a risk could bring your business to its knees is no fun at all. And if you're a sole proprietor of a small, artisan contracting business, worrying that business risk is putting your personal assets on the line is even worse. A little knowledge of contractor insurance policies and risk management practices can offer you the protection ...
The Contractor Insurance Policies You Need for 2020

The Contractor Insurance Policies You Need for 2020

If you're taking a "set it and forget it" approach to your contractor insurance, you could be leaving your construction business vulnerable and exposed to a host of ever-changing risks. When it comes time to renew your annual policies, take a moment to ensure your construction business is covered against the risks it faces today -- which could be quite different than the ones it faced in previous years. Take a look at the construction insurance ...
 10 Growth Strategies to Take Your Contractor Business Next Level

10 Growth Strategies to Take Your Contractor Business Next Level

Ready, set, grow! Take your contractor business to the next level this year with ten growth strategies designed to help you expand and bring in more profits.  Ready to level up? Here’s how: Update Your Contractor Website You don’t have to look far to find potential new clients. They’re online.  A website is your new business card. You can demonstrate professionalism and make a good first impression in a millisecond if your contractor website is modern, polished, and ...
5 Must Have Contractor Insurance Policies for 2020

5 Must Have Contractor Insurance Policies for 2020

Construction professionals tackle some of the riskiest jobs. Like any other business owner, the right insurance policies will help protect you from financial losses if anything goes wrong. But, unlike other business owners, contractors face specialized risks that need specialized coverage. After all, your employees are climbing on rooftops clutching pneumatic roofing nail guns… not making froth art for cappuccinos. Is your contractor insurance built to protect you? Here are five must-have contractor insurance policies to have ...

 

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