Commercial auto insurance: A lot can go wrong on the road as you are driving your business vehicle to and from job sites (or even as you are parked at job sites). Cover your work vehicle(s) with commercial auto insurance.
Where you work: Both the geographical area where you are working and the nature of your worksites could have an impact on how much business insurance for contractors will cost you. Some locations are simply riskier than others.
Commercial Property Insurance
Through Selective Insurance Group, contractors may apply for general liability, commercial auto, inland marine, and commercial property insurance.
Commercial Liability Insurance
Professional Liability Insurance
Errors and omissions insurance: If there are damages as a result of some kind of negligence on your part (whether real or perceived), errors and omissions insurance can help you cover the costs. Another name for this type of policy is “professional liability insurance.”
Additionally, even if your state does not require you to purchase general liability insurance for licensing purposes, you will still be required to at least purchase workers’ compensation insurance if you have any employees.