If you work as a contractor in Oklahoma, you must protect your business from vulnerabilities such as lawsuits, business equipment damage, loss of income, and more. Otherwise, you could lose your assets or your personal property, or you could be forced out of business by an expensive judgment or settlement.

Contractors insurance was created to help you in these scenarios. Rather than paying out of pocket for unexpected emergencies, your insurance covers these events. It protects your hard-earned savings as well as any employees you may have whose income depends on your business stability.

Types of Business Insurance for Contractors

Depending on the type of contracting you do and the size of your business, you may be interested in several different types of business insurance to cover various aspects of your work. The most common kinds of insurance contractors consider include:

• Property insurance for business premises, if you own an office you use as a home base, to cover the structure and its interior
• Personal property insurance to protect your business equipment necessary to perform your job, including when it’s in your vehicle or on a job site
• General liability insurance, in case someone is injured as a result of your work, as well as any damage to someone else’s property that occurs accidentally during the performance of your contracting job
• Commercial umbrella insurance that picks up where your general liability insurance leaves off for increased protection (electricians, for example, may opt for this extra layer of coverage due to their higher liability risk)
• Commercial auto insurance for any vehicles, whether yours or the business’s, that are used on the job
• Inland marine insurance, if you have to transport rented equipment, clients’ appliances, fixtures, and other valuable items that do not belong to you
• Workers' compensation, if you have employees, in case they become injured in the execution of their work duties
• Bonds, which are essential if your promise to complete a job depends on others, like subcontractors
• Business income insurance, to cover loss of income for events outside your control that keep you from operating normally

Independent Agents Provide Superior Customer Service

Our independent agents at J. K. Meadors & Co welcome the opportunity to help you with contractors insurance that’s tailored to your unique business. We are proud to say we provide more personalized service than you’ll find with big insurance companies. And whether your contracting business is a one-person shop or a larger company with many employees, we have a large menu of insurance products to choose from.

Call us at 405-377-0000 to let us know how we can assist you, or start a quote today online to protect your business.

Get a Free Contractors Insurance Quote