The Businessowners Policy (BOP) has specialized coverages for small-to-medium sized contracting operations, all designed to help keep you worry free! The base policy provides:
Not only includes your structure, it also covers additions, permanently installed fixtures and equipment along with personal property used to service or maintain your building
Covers items within your building such as furniture and fixtures, machinery and equipment, stock and all other personal property owned by you and used in your business. It also covers personal property of others if you are responsible for the property while in your possession
Provides protection if you are liable for bodily injury or property damage. You also have protection under personal and advertising injury if you are sued for libel or slander
The Contractors endorsement is for many different types of artisan-based businesses, such as:
You are eligible for the Contractors program on the BOP if you:
Contractors’ Installation, Tools and Equipment
As an added benefit, if you add the Contractors Plus endorsement to your policy, the premium charge for the Contractors’ Installation, Tools, and Equipment coverage is reduced!
Provides coverage if you become legally obligated to pay damages because of property damage to property of others that is in your care, custody or control, or for property damage to property of others while in your possession or arising out of your work.
From Owners, Lessees or Contractors, Designated Person or Organizations, even Controlling Interests, we can assist with the proper Additional Insured Endorsement.
Designed specifically for contractors and includes:
Contractors E & O provides payment when the contractor must legally pay damages for faulty workmanship, material or products. The damages must have resulted from the insured’s error, omission or negligent act while acting in the insured’s business. Select the limit option available that best fits your needs!
A power surge shut down a 16-card phone system, leaving a busy contracting business with only two phone lines. The surge also damaged the motherboards of five computer systems. The computers were repaired, but the entire phone system needed to be replaced.
Find out more about our Contractors coverage and obtain a free quote by contacting your local IMT Independent Insurance Agent!
1 Indicates higher limits may be purchased. 2 Additional premium charge associated with this coverage. 3 Coverage is available by endorsement. 4 Not all contractor classes are eligible.
This is a brief summary of coverage and is intended only as an aid in selecting a policy. Review the actual policy for details on all coverages, terms, limits, conditions and exclusions, or contact your IMT Independent Insurance Agent for complete details.