We can say from experience that every contracting business is unique. Even when we look at two plumbing companies of the same size, the needs and risks for the two businesses are almost never the same. Because of this, it is important to be able to customize contractors insurance to ensure the important things are covered and that you are not paying for more insurance than you need. While supplemental policies are one way to augment coverage, endorsements allow a policy’s coverage to be fine-tuned to fit the specific contracting business.
What are Endorsements?
Endorsements allow for general liability policies to be customized to better cover unique risks while preventing the need of additional policies. An endorsement can enhance and/or modify the existing coverage. This allows you to do things like add coverage for additional events or increase the amount of existing coverage.
What Kind of Endorsements are available?
There are many different endorsements that can be added to a general liability policy. The best way to identify the endorsements that your contracting business needs is to speak with one of our insurance specialists so we can ask important questions that allow us to understand your unique risks. This allows us to identify the endorsements that are perfect for you and exclude the ones that are not relevant. Some of the most common endorsements are:
- Hired and Non-Owned Auto Liability
- Employee-Related Practices Liability
- Expanded Property Coverage
- Pre-Project Aggregate Limit