Most people are familiar with buying insurance, having purchased auto or home policies sometime in the past. However, now that you’re in business, it may be time to purchase Contractors Insurance in Kyle TX. There are a number of reasons why you may need this specialty insurance, perhaps for the simple reason it’s required by the general contractor or just maybe, you’re being responsible business owner and want to make sure you’re covered in case of fire, damage or injury while on the job site. Whatever the reason, purchasing a contractor’s policy just makes sense.
When looking at deductibles, naturally, everyone wants a low one. After all, who wants to shell out more money than necessary. However, these policies are more expensive to begin with. Secondly, think of your own line of thinking when it comes to handling claims. Maybe you naturally pay out claims under $1000 anyway, so it may be wiser to just have a $1500 deductible, instead.
Keep in mind all deductibles are not alike. Some insurance agents neglect to mention property damage deductibles are different from bodily injury version. With this in mind, if you feel there’s a larger likelihood of there being a damage to property than any body part, or even the other way around, you can choose to have have a deductible for the one you feel is likely to happen and forgo one on the one you feel is less likely.
There’s a great deal of decision making that goes into purchasing Contractors Insurance in Kyle, TX. Additionally, it can take up more of your time than you may care to invest. However, when you have the help of an experienced agent who has handled numerous policies for other contractors, you’re likely to get more bang for your buck. They should be able to shop around for quality coverage at a good rate.
Always remember, workman’s compensation doesn’t apply when it comes to contractors, so it is up to you to provide your own insurance should something go horribly wrong. It’s also something many homeowners and business owners require before hiring on contractors for repairs or installations. So, do yourself a favor and contact Perdue Insurance Group for a quote.