Contractors Insurance in Portland, OR & Happy Valley, OR
Contractors insurance is a vital form of financial protection that can help safeguard contractors from risks and liabilities they may face on the job. While it can help cover various expenses, the exact coverage and limits depend on the specific policy. At Seguro Noroeste LLC, we’re here to guide you through your insurance options and help you find the right fit.
Why Is Insurance Important for Contractors?
Contractors operate in dynamic and often hazardous environments. The right insurance coverage can help with the following: 
- Legal requirements—In many states, insurance is mandatory for contractors to obtain licenses and permits. General liability insurance is often required to protect against third-party claims.
- Worksite risks—Construction sites are inherently risky. Accidents, injuries or property damage can happen unexpectedly. Contractors insurance can help manage the financial impact of these incidents.
- Contractual obligations—Many client, subcontractor and supplier agreements require specific insurance coverage. Failing to meet these requirements may have legal and financial consequences.
What Does Contractors Insurance Typically Include
Your insurance plan can be customized to suit your business needs. Common coverage options include the following:
- General liability insurance can help cover third-party bodily injury, property damage or personal injury claims.
- Workers’ compensation insurance can be essential for contractors with employees. It can help cover medical bills and compensate for lost income resulting from workplace injuries.
- Commercial auto insurance can help cover vehicle-related injuries, damage and liability in the event of an accident.
- Builders risk insurance can help protect against damage or loss to a structure under construction.
- Professional liability insurance can offer financial protection against claims of negligence or errors in professional services.
Learn More
To explore your options, contact Seguro Noroeste LLC today to compare contractors insurance quotes and find the coverage that fits your needs.