Utility Contractor Insurance

Utility Contractor Insurance

Utility contractors face many risks on a daily basis. This is not uncommon among contractors in the construction industry. Whether you’re repairing a client’s electrical system or working with plumbing and water pipes, a situation can take a turn in seconds. That is why ALIGNED is here to help you find the right insurance for your utility contracting business. Read more about how we can help utility construction contractors find a commercial insurance policy that meets their coverage needs.

Utility Contractor Insurance

Do utility construction contractors need commercial insurance coverage?

The short answer? Yes. Even if it’s not a legal requirement where you live, purchasing commercial insurance coverage for your utility contracting business is still a smart decision. This is due to the many ways that such a policy can protect your business from financial harm. For example, even standard commercial insurance can safeguard your team against property damage, theft, bodily injury, lawsuits, and more. Without adequate insurance coverage, your company would be left to deal with the financial fallout of an accident on its own. 

Choose the right insurance coverage for your utility contracting business

Choosing the right policy for your business is not always easy. Thankfully, the commercial insurance experts at ALIGNED can offer their advice on which coverages will be worthwhile for your utility contracting business. We recommend considering the following coverage types to start: 

  • Commercial general liability insurance: Commercial general liability coverage insurance can help protect against claims of third party bodily injury and property damage that are brought against your utility contracting company. This type of coverage may compensate your business for medical expenses, repair bills, legal fees (e.g. defence and settlement fees), and more.
  • Commercial property insurance: Commercial property insurance safeguards your utility contracting business’s place of business, as well as any business-related contents inside of it, from property damage. Specifically, it will be protected against property damage that is caused by an insured peril covered by your policy, which may include water, fire, theft, windstorms, vandalism, etc.
  • Tools and equipment insurance: When you add tools and equipment insurance to your utility contracting business insurance plan, your insurance company may cover the costs of repairing or replacing any company tools or equipment in the event that they are damaged or lost due to a covered peril.  
  • Commercial auto insurance: Commercial auto insurance is crucial if your utility contracting business uses vehicles for commercial purposes (outside of commuting to work). For example, if your business transports construction materials to and from job sites, commercial auto insurance should be added to your policy. 
  • Pollution liability insurance: Due to the nature of the work that utility contractors do, pollution liability insurance might be worthwhile. Such coverage could protect your utility contracting business from claims of third party bodily injury, property damage, or environmental damage that arises from your work. 

ALIGN your business with customized utility contractor insurance

ALIGNED is committed to finding insurance solutions for you and your utility construction contractors. We will compare policies on your behalf to find you the best coverage out there. If you want to learn more about the benefits of utility contractor insurance or have questions about working with an insurance broker, contact ALIGNED today. You can also get started by clicking here for a free quote.

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