Running a contracting business in Owatonna MN comes with various challenges, and one of the biggest is managing risks. Whether you’re building homes, installing plumbing, or providing electrical services, accidents can happen. Contractor insurance provides vital coverage to protect your business from financial losses due to property damage, injuries, and other unexpected events.
At The Randy Mulcahey Agency, we offer comprehensive insurance packages that are tailored specifically for contractors. Our team is dedicated to helping you find the right coverage to ensure your business is protected. Call us at 507-521-8498 to discuss your options.
Contractor insurance offers a variety of protections to cover the different risks contractors face. Here are some of the main areas of coverage:
Covers claims for third-party bodily injury or property damage caused during your work.
Protects your employees by covering medical bills and lost wages if they are injured on the job.
Provides coverage for your equipment, tools, and property in case of damage or theft.
Here are a few common claims contractors face and how having the right coverage can protect your business:
| Claim Type | Description | Potential Costs |
|---|---|---|
| Bodily Injury | Injuries to third parties, such as clients or passersby, while working on a project. | Medical expenses, legal fees, and settlements. |
| Property Damage | Damage to a client’s property during the course of your work. | Repair and replacement costs, legal fees. |
| Equipment Theft | Theft of tools and equipment from the job site. | Replacement costs, project delays, potential lost revenue. |
| Employee Injuries | Injuries sustained by your workers on the job. | Medical bills, lost wages, and rehabilitation costs. |
We understand that contractors face unique risks, which is why The Randy Mulcahey Agency offers customizable insurance plans that are designed to fit your business’s needs. Our knowledgeable team will guide you through every step of the process, ensuring you understand your coverage options and feel confident in your decision.
Contact us today at 507-521-8498, or fill out our online quote request form to get started. Don’t wait until it’s too late—protect your business with comprehensive contractor insurance today.
