Contractors Insurance in New Orleans

Contractors Insurance in New OrleansAre you a Contractor in New Orleans? If So You Need Better New Orleans Contractors Insurance Coverage. 

Call the professionals at the Jeff Davis Insurance Agency at 337-824-4455 or click on Contractors Insurance New Orleans to find the coverage you need for your business.

We also offer highly competitive rates on New Orleans workers compensation insurance, commercial auto, business property coverage, and all types of Louisiana surety bonds.

What Is a Common Mistake Made on Contractors Insurance in New Orleans?

Do you employ subcontractors in your business? If so, do you require them to provide proof of a New Orleans contractors insurance policy?  If not, your business could be in danger of a significant financial liability.

As you hire subcontractors to complete projects for your company it’s a good idea to not only have subcontractors provide you a certificate of insurance but you need to take the additional step of requiring subcontractors to list your company as an additional insured on their contractors insurance policy.

Why Is It a Good Idea to Be Listed As an Additional Insured on Your Subcontractors Insurance Policy?

There are two advantages when you are listed as an additional insured on your subcontractor’s insurance policy: 

First, you will be notified if your subcontractor fails to pay his contractors insurance premium, causing a lapse in his New Orleans contractors insurance policy.

Second, being named as an additional insured on your subcontractor’s insurance policy may extend coverage and policy benefits to you or your company if you are also sued because of the actions of your subcontractor.

Claims Example.

Let’s assume that you are a general contractor and you hire an electrician to wire a home according to local code requirements. In the course of his work, the electrician accidentally causes a fire resulting in $100,000 in property damages to the structure. 

If you were named as additional insured on his policy you can receive protection under his New Orleans commercial insurance policy.

If a lawsuit is later filed against you because of the fire, his subcontractor’s insurance policy may provide defense and coverage for the claim caused by the subcontractor. 

It would be a good idea to alert your insurance company of the lawsuit.

Great New Orleans Contractors Insurance Is One Call or Click Away!

In many instances we can provide contractors insurance quotes and bound policies the same day.   Need workers compensation insurance or commercial auto insurance in New Orleans?

We can help your company find the coverage you need.

Call 337-824-4455 or click on New Orleans Contractors Insurance Quotes to find the coverage you need for your business.

Contractors insurance is also available in the following areas:

  • Baton Rouge Contractors Insurance
  • Contractors Insurance Lake Charles
  • Shreveport Contractors Insurance
  • Contractors Insurance Lafayette Louisiana
  • Metairie Terrace Contractors Insurance
  • Contractors insurance Monroe Louisiana
  • Jennings Contractors Insurance

 

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