Contractors Insurance Agency

Provides coverage for the Named Insured (your business entity) for Bodily Injury and Property Damage (not your employee) and caused by you (or your employee’s negligence). This coverage is at your premises, your work place, or even after you have completed your work and months later someone claims to have suffered a bodily injury or some property damage due to you not doing your job correctly. The limits of liability available are $300,000 per occurrence $600,000 aggregate OR $500,000 per occurrence $1,000,000 aggregate OR $1,000,000 per occurrence $2,000,000 aggregate. The Aggregate limit is the most the company will pay in a 12 month policy term and is usually twice the occurrence limit. Other limits that are provided (at no additional charge) are $50,000 for Fire legal liability, $5,000 for Medical payments, and $1,000,000 for advertising and personal injury.

Business Automobile coverage is for any vehicle owned by a business or any pick-up truck or van owned by a sole proprietor and used for business. The liability limit is a combined single limit for all bodily injury and property damage caused to another person. There is no “per person or per accident” limit within the overall limit. Coverage for damage to your own vehicles would be comp & collision. Comp and collision can be written with deductibles $250, $500 or $1,000. The higher the deductible the lower the cost. Non-owned & Hired auto coverage is for when you have employees that are using their own vehicles in your business, or you need to hire an additional vehicle. This is a liability only coverage. However comp and collision can be purchased for an additional cost. If the only vehicle you own is titled to your corporation, you also need Broad Form Drive Other Car insurance (BFDOC). Please feel free to ask about this coverage. This is a brief overview of some key elements of Business Auto coverage. It is not intended to be a comprehensive analysis. You should always read your policy for complete descriptions of coverage’s and limits as well as conditions and exclusions and ask your agent if you have any questions.

Equipment Floater & Builders’ Risk Equipment floater is for your mobile property that goes with you from job to job such as tools and equipment. There are two different types of coverage; Scheduled and Unscheduled. Unscheduled coverage is written for small items ($500 max per item). Scheduled coverage costs less, but we would need the year, make, model & serial number, and value of the items. Builders Risk covers a new home or new commercial building while it is under construction. Endorsed by the Arizona Home Builders Association, our policy covers theft of materials from the job site as well as Fire, Lightning, Windstorms and Vandalism. Our policy features a continuous reporting of new starts, covering everyone’s interest at the time of the loss as well as covering soft costs that may include your profits. We also have policies that cover Remodel (new materials only) or Restoration (existing building and new materials).

Covers your business entity for injuries suffered by your employees. Statutory benefits are paid to injured employee and employer’s liability. Limit covers you in case you are sued due to a work related injury. Contractors Insurance Agency works hand in hand with Trigon Staff Administrators to assist in securing Workers’ Compensation policies; handling claims, quarterly or monthly premium reports, policy audits, certificate requests, loss run requests and deposit requirements.

Bid Bonds Guarantees you will do the job at the price you bid. Performance Bonds Usually written when you are awarded the bid to guarantee you will finish the job to the contract specifications within the time allowed. Payment Bonds Goes with the performance bond at no extra cost to guarantee you will pay your suppliers.