Residential Remodeler Contractor Insurance in Texas
Remodeling homes doesn’t come easy to most people. While many people like to be do-it-yourselfers, the quality of your work stands out. Like your quality of work as a residential remodeling contractor you need quality insurance coverage. Being in and out of people’s homes leaves you open to liability for the work you complete. Consider some of these coverages specifically for your remodeling business:
General Liability Insurance: General liability insurance will protect you from bodily injury and property damage coverage. This is the most common type of contractor coverage.
Commercial Auto Insurance: This is coverage for your vehicle. If you’re using your pickup truck for work-related purposes, you need to have a special policy for commercial use.
Business Owners Insurance Policy (BOP): This coverage can include coverage to protect your commercial buildings and contents, interruption of your business and liability protection which covers your expenses for harm caused to others in the course of work. This does not cover professional liability.
Workers Compensation: This coverage is regulated by the state. If you run a business by yourself, you don’t necessarily need workers comp insurance. The coverage protects your workers from work-related injuries until they can get back to work.
Call Heaton Bennett Insurance today to get a quote on residential remodeling contractor insurance!
Frequently Asked Questions
Can remodeler insurance cover accidental damage to a customer’s home?
General liability insurance may respond to certain covered claims involving accidental bodily injury or property damage. Coverage depends on how the incident occurred and the policy’s terms, limits, exclusions, and deductible.
Are building materials covered while stored at a remodeling site?
Coverage may be available for eligible materials stored at the project, in transit, or temporarily kept elsewhere. Ownership, value, security, and storage conditions may affect the available options.
Does insurance cover problems discovered after remodeling work is completed?
Products-completed operations coverage may respond to certain covered claims arising after a project is finished. It should not be assumed to cover faulty workmanship, replacing defective work, or every construction defect claim.
Are subcontractors covered under a remodeler’s policy?
Subcontractors are not necessarily covered automatically. Texas remodelers should review written agreements, certificates of insurance, additional insured requirements, and subcontractor exclusions.
Does a remodeler need builders risk insurance?
Builders risk insurance may be appropriate for certain renovation projects involving existing structures, additions, or substantial construction. Responsibility for purchasing it should be clarified in the project contract.