CHICAGO, IL--(Marketwire - May 8, 2012) - Insureon, the leading online business insurance agent for small and micro-businesses, today announced the availability of specialized contractor insurance. Insureon sells contractor insurance directly to small businesses, with particular expertise serving micro-businesses, through BusinessInsuranceNow.
According to insurance market data provider AM Best, contractors, remodelers and other building trades face a number of significant risks, each of which can be covered by contractor insurance available through insureon. These risks include General Liability, Product Liability and Completed Operations, Workers Compensation and Equipment Risk (Inland Marine):
- General Liability - Premises & Operations - The term "attractive nuisance" is especially fitting for construction sites, as they draw everyone from neighborhood kids who see an exciting new play area to curious neighbors checking out the project. Regardless of the visitors, and whether or not they were invited, your construction site can put them in physical danger -- and the contractor in financial danger.
- Product Liability & Completed Operations - However great a project is at completion, issues may arise through no fault of the contractor. Supplies may have been poorly manufactured causing problems, or a subcontractor may have cut a corner. Product liability and completed operations coverage covers costs for those fixes.
- Workers Compensation - Construction is a physically taxing -- and at times dangerous -- job. Injuries can happen in any number of ways, from the seemingly minor, such as strained backs from improperly lifting some sheetrock, to major, such as falling from a roof during a home addition. As such, workers compensation insurance may be the most important protection for contractors.
- Equipment Risk - Much of the most expensive equipment on a job site does not belong to the contractor, such as leased heavy machinery, rented office trailers, building supplies and specialized tools. Inland Marine insurance protects contractors against the risk of theft or damage to leased equipment as well as the loss of equipment and tools owned by the contractor.
Businesses that turn to insureon for contractor insurance gain access to multiple underwriters, and a customer service team trained to identify the best possible insurance for their needs. For more information on risk management and small business insurance, please visit www.businessinsurancenow.com.
Insureon is the leading online business insurance agency for small business, with special expertise serving the fast-growing micro-business sector, which includes the self-employed and companies with 10 or fewer employees. Insureon allows small and micro-businesses to apply for insurance and receive multiple quotes from leading insurance carriers online, completing in minutes a process that otherwise would take a week or longer to complete.
Insureon is headquartered in Dallas, TX, with offices in Chicago and New York. In New York, business is conducted as Business Insurance Now Agency; in Nebraska, Nevada, New Hampshire and New Jersey, business is conducted as BIN Insurance Holdings, LLC; and in California business is conducted as BIN Holdings Insurance Agency, LLC. For further information, please visit TechInsurance and Business Insurance Now.